News
Truecaller launches developer program
11-06-2017 | 09:46:51
On Thursday 2 November 2017, Truecaller kicked off its Africa Launch Event at the CcHUB, a leading social innovation centre. The company hosted the exclusive event inviting media, developers and entrepreneurs to share their plans for Nigeria.


Nigeria's excess oil revenue hits $36.6m daily
11-02-2017 | 10:37:01
Nigeria's excess oil revenue has risen to N11.1 billion ($36.6 million) daily as the price of crude oil hits $60.44 per barrel in the international market.


Hilton and Transcorp Hotels sign 20 year extension for Transcorp Hilton Abuja management
11-02-2017 | 10:06:45
Hilton and Transcorp Hotels Plc, a subsidiary of Transnational Corporation of Nigeria Plc have signeda 20-year extension to the current agreement to manage the iconic Transcorp Hilton hotel in Abuja.


Vista Entertainment Solutions signs screening partnership with Filmhouse Cinemas Nigeria
11-02-2017 | 10:02:10
Cinema management software for the global motion picture market and founder of the Vista Group International Vista Entertainment Solutions has signed an agreement with Filmhouse Cinemas in Nigeria.


Oando announces YTD September 2017 Results, posts N7.1b Profit-After-Tax
11-02-2017 | 09:26:00
Oando PLC, Nigerian indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announces unaudited results for the nine months period ended 30 September, 2017, with the following highlights:


NNPC to establish biofuel plant in Ondo
11-02-2017 | 08:54:22
The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65,000 million litres per annum biofuel plant in Okeluse, Ondo State.


Former MTN Nigeria CFO joins Terragon Group’s Board of Directors
10-31-2017 | 14:41:00
The Board of Directors of Terragon Group recently announced the appointment of Andrew Bing, former Chief Financial Officer of MTN Nigeria, as an independent non-executive director (NED) at the last board meeting which was held in London.


African Development Bank supports Nigerian Government’s economic recovery efforts
10-31-2017 | 12:14:13
The African Development Bank wishes to categorically refute the statement that it has “called off loans to Nigeria”, as reported in Reuters and credited to AfDB Vice-President for Power, Energy, Climate and Green Growth Amadou Hott.


Fidelity Bank grows profit by 65.1% as profit before tax hit N16.2bn in Q3 2017
10-31-2017 | 11:11:00
Following its half year audited financial results, Nigerian bank, Fidelity Bank has posted another financial performance for the 9-month period ended September 30, 2017.


Xceedia Media completes testing and launch of Hot Okro Radio
10-31-2017 | 10:50:17
Xceedia Media has completed the testing and launch of a new, online broadcast station called "Hot Okro Radio."


Nigeria and Russia sign agreement on cooperation in use of nuclear technologies
10-31-2017 | 10:41:21
Russia and Nigeria have signed an agreement on the construction of a nuclear power plant, as well as a multipurpose nuclear research center in Nigeria, according to Russia's Rosatom state nuclear corporation.


Heineken unveils its first Africa inspired fashion collection co-created with African designers in Lagos
10-30-2017 | 14:34:19
In collaboration with Africa’s emerging design talent, Lulu Mutuli and Azra Walji, global beer brand, Heineken® has launched its first-ever African fashion collection.


MTN, Dangote, Coca-Cola lead top 50 Brands Nigeria 2017 Ranking
10-30-2017 | 11:30:00
Telecommunication provider, MTN has led the 2017 Top 50 Brands Nigeria for its innovation, Corporate Social Responsibility (CSR), online engagement, national spread, and brand popularity.


Fidelity Bank successfully issues $400m Eurobond, repurchases $256m notes due May 2018
10-30-2017 | 10:25:00
Fidelity Bank (-/B-/B-) priced a highly successful US$400m 5-year Eurobond with a 10.50% coupon in what is the largest combined new issue & liability management offering ever by a Nigerian issuer.


Facebook launches SME Council in Nigeria
10-27-2017 | 15:37:00
Facebook has launched its Nigerian SME Council, the first of its kind on the continent. The council is made up of a combination of 15 startups and established SMEs from a range of industries.


NNPC to begin oil exploration in Nasarawa State
10-27-2017 | 09:40:30
Oil search in the nation’s inland basins received a fresh impetus following the commencement of exploration activities in the Benue Trough by the Nigerian National Petroleum Corporation.


USAID, Nestlé Nigeria, VEGA partner to assure supply of safe, quality maize
10-27-2017 | 09:32:00
The U.S. Agency for International Development (USAID), Nestlé Nigeria PLC, Volunteers for Economic Growth Alliance (VEGA) and VEGA Member Cultivating New Frontiers in Agriculture (CNFA) have announced a new partnership program.


Nigeria’s Gas Flare Rate now at 12%
10-26-2017 | 11:23:13
The Gas flare rate in Nigeria stands at 12.00 per cent, the Nigerian National Petroleum Corporation Monthly Financial and Operations Report for August has revealed.


Total increases lubricant production capacity in Nigeria
10-26-2017 | 09:32:13
TOTAL Nigeria has commissioned the second High Speed Filling Machine in its Lubricant Blending Plant in Koko, Delta State in October 2017.


Visa launches foundation targeting growth of global MSMEs with initial focus on Nigeria
10-26-2017 | 09:13:01
Global payments technology company Visa has launched the newly-incorporated Visa Foundation, which has been established as part of Visa’s larger social impact strategy that will prioritize the growth of micro and small enterprises around the world.