News
Nigeria oil refineries undergo revamp as NNPC moves to meet 2019 Target
09-14-2017 | 10:05:36
In line with the Presidential mandate of rehabilitating the nation’s three refineries, the Nigerian National Petroleum Corporation has inaugurated eight committees charged with returning the refineries to their nameplate capacities by the year 2019.


Guinness Nigeria strengthens management team with fresh appointments
09-14-2017 | 09:32:29
Guinness Nigeria Plc has announced the appointment of four directors, as the foremost brewer re-energizes to optimize performance and execute its strategic growth plans. The appointments have taken effect.


Multichoice to launch pay-per-view
09-12-2017 | 09:50:58
Multichoice Nigeria will be launching a pay-per-view (PPV) option in the country. The company emphasized that the PPV concept is a cable or satellite television system in which consumers pay an additional fee to watch a particular program.


Nigeria's Shoreline Energy multiplies country's gas supply efforts to aid local government
09-12-2017 | 09:02:00
Shoreline Energy and The Shell Petroleum Development Company of Nigeria Limited have signed an agreement to explore opportunities to buy, market, distribute and sell natural gas to consumers and companies in Victoria Island.


RedCloud partners KongaPay to give 190m Nigerian consumers access to distributed banking services
09-11-2017 | 10:51:51
RedCloud Technologies, the world’s first open banking platform, has announced a partnership with Nigeria’s KongaPay.


CBN moves to mitigate risk in USSD transactions
09-11-2017 | 10:12:10
The Central Bank of Nigeria (CBN) has unveiled to members of the public an exposure draft on the regulatory framework for banking platform.


NNPC, ExxonMobil fine-tune strategy for improved crude oil production
09-11-2017 | 09:27:00
The Nigerian National Petroleum Corporation and its upstream joint venture partner, ExxonMobil, are seeking new measures to expand existing operational portfolio with a view to increasing crude oil production and availability of gas for power generation.


Betloy launches football prediction website for soccer lovers
09-07-2017 | 08:41:27
Betloy ihas launched its football prediction website for lovers of football. Many fans utilize content like this for entertainment purposes while many others take it a step further by translating their passion into profits.


Stanbic IBTC attracts N413.62b capital inflow into Nigeria
09-07-2017 | 06:35:00
Stanbic IBTC, a member of Standard Bank Group, in the second quarter of this year, facilitated a staggering $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria.


Nigerian National Petroleum Corporation crashes petrol, cooking gas prices nationwide
09-05-2017 | 11:48:00
The sustained strategic intervention of the Nigerian National Petroleum Corporation in the efficient supply and distribution petroleum products has led to significant fall in the prices of petrol and cooking gas.


Safaricom’s taxi hailing app Little is launching in Nigeria
09-05-2017 | 09:38:17
With the backing of Kenya’s telecoms giant Safaricom, taxi hailing app Little is set to commence operations in Nigeria’s tech capital city of Lagos come October.


NNPC increases gas supply to power plants by 123%
09-04-2017 | 10:23:00
The Nigerian National Petroleum Corporation has increased daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d).


FirstBank drives capacity development, unveils career growth models for staff
09-04-2017 | 10:04:00
The Management of First Bank of Nigeria has unveiled new career employment models to accelerate career growth and development for staff members.


Red Star Express records N7.3b turnover, declares dividend
09-04-2017 | 07:00:00
Nigerian logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than the preceding year.


Union Bank receives SEC clearance on N50bn rights issue
08-31-2017 | 10:01:52
Following the announcement that it will float a N50 billion rights issue in 2017, Union Bank has now received the required approvals from the Securities and Exchange Commission (SEC) to move forward on raising the Tier 1 capital.


Nigerian National Petroleum Corporation urges indigenous companies to bid for 30 marginal oil fields
08-31-2017 | 09:55:05
The NNPC has urged members of the Independent Petroleum Producers Group to participate in the forthcoming bid round for about 30 marginal oil fields which will soon be flagged off by the Federal Government.


Schneider Electric to automate operations at Dangote oil refinery
08-31-2017 | 09:52:55
Schneider Electric, the global specialist in energy management and automation, has signed a contract to provide comprehensive process automation systems, solutions and services to Dangote Oil Refinery.


MainOne canvasses local Internet traffic exchange within Africa
08-31-2017 | 09:50:16
West Africa’s provider of connectivity and data center solutions, MainOne has reiterated the importance of Internet traffic domiciliation as a key requirement for growing the internet ecosystem in Africa.


ICT contributes N1.6tn to GDP quarterly - NCC
08-31-2017 | 09:48:18
The quarterly contribution of Information and Communications Technology (ICT) sector to the Gross Domestic Product (GDP) has increased to N1.6 trillion from N1.4trn, the Nigerian Communications Commission has said.


Allianz expands African footprint with acquisition of Ensure Insurance in Nigeria
08-31-2017 | 09:45:50
Allianz Group announced today a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. (GGH).