News
NNPC, India seek deeper collaboration on medicare
08-29-2017 | 12:07:00
The Nigerian National Petroleum Corporation (NNPC) has requested a deeper collaboration with India in the area of expertise and state-of-the-art medical equipment to revitalize its 52 clinics across the country.


Caverton Helicopters expands fleet with eight new Bell helicopters
08-29-2017 | 12:02:46
Caverton Helicopters Limited, a subsidiary of The Caverton Offshore Support Group, announced that the company has entered a purchase agreement with Dallas-based Bell Helicopter for eight brand new Bell 407GXPs.


Nigeria prepares for Third Industrial Development decade for Africa
08-24-2017 | 11:39:43
The United Nations Third Industrial Development Decade for Africa (IDDA III) reaffirms the importance of industrialization in supporting Africa's own efforts towards sustained, inclusive and sustainable economic growth and accelerated development.


Shell commences production at Gbaran-Ubie Phase 2, Niger Delta
08-24-2017 | 09:53:00
The Shell Petroleum Development Company of Nigeria Joint Venture has commenced production at Gbaran-Ubie Phase 2, a key project in the Niger Delta that will help to boost gas supply to the domestic market and maintain supply to the export market.


NNPC, IOCs plan joint security apparatus to curb oil and gas sabotage
08-24-2017 | 09:32:00
The Nigerian National Petroleum Corporation is working closely with the international oil companies (IOCs) to deploy a structured and holistic security apparatus to tackle incidence of oil and gas infrastructure sabotage in the country.


Afreximbank’s touts depositary receipts to Nigerian investors, targets $300m equity
08-24-2017 | 09:15:00
The African Export-Import Bank’s (Afreximbank) in today Lagos met with leading Nigerian investors to push for strong participation in the Bank’s $300 million equity offering, for which it is using depositary receipts backed by its Class “D” shares.


Dangote signs $450m sugar production complex agreement with Niger State
08-24-2017 | 09:12:02
Dangote Group has in Minna, Niger State signed a Memorandum of Understanding (MoU) with the State Government for the establishment of a jumbo $450million state-of–art and fully integrated sugar complex.


Nigeria leads rest of Africa in e-commerce opportunity - EIU
08-22-2017 | 13:44:44
On the basis of its high business environment opportunity potential, Nigeria is in pole position to take advantage of the Africa region’s e-commerce potential projected to reach $50 – $75 billion within the next 5-10 years.


ACDI/VOCA launches Alliance Agriculture to create millionaire farmers
08-22-2017 | 10:07:57
ACDI / VOCA has launched Alliance Agriculture in Nigeria, a private sector-led partnership to pilot an integrated network of input supply, buyers, and smallholder farmers around shared use irrigation schemes.


Delta Air introduces new service to Nigeria via John F Kennedy hub
08-21-2017 | 11:33:56
Delta Air Lines is offering customers a new way to reach Lagos, Nigeria, starting March 24, 2018, via new service from the airline's New York-JFK hub.


NNPC, Presidential Committee to collaborate against oil theft
08-21-2017 | 10:46:00
NNPC has pledged support to the Presidential Committee on Harmonised Standard Operating Procedures on Arrest, Detention and Prosecution of Vessels and Persons in Nigeria’s Maritime Environment (HSOP) to tackle the menace of oil theft.


MainOne targets Ghana enterprises, SMBs with new data center colocation offering
08-21-2017 | 10:30:00
MainOne has launched a new colocation service, in addition to its connectivity solutions, to address the needs of businesses in Ghana seeking reduced IT infrastructure costs and improved efficiency via a shared services platform.


Off grid solar will transform business in Nigeria, Lumos
08-21-2017 | 10:10:00
Lumos, the people behind one of the fastest growing off-grid solar companies in Africa, have said that the mobile solar revolution will transform Nigeria’s small-business economy.


Nigeria’s oil production cost down 70.5% to $23/barrel
08-17-2017 | 11:10:43
The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction.


12 banks relieve 9Mobile of $1.2b debt
08-17-2017 | 10:47:00
The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year.


Skye Bank unveils SkyeXperience, a new digital solution
08-15-2017 | 12:11:00
Skye Bank, one of Nigeria's largest retail banks, over the weekend unveiled a new digital banking solution called Skyexperience.


Erin Energy announces the spud of Oyo-9 Well
08-15-2017 | 11:33:08
Erin Energy Corporation today announced it has commenced drilling of the Oyo-9 well (Oyo-9). Oyo-9 is being drilled with the Pacific Bora sixth-generation drilling rig on the Oyo field offshore Nigeria.


NNPC pledges support to FG’s aspiration to generate 10GW of electricity
08-15-2017 | 11:18:35
In its bid to support the Federal government’s aspiration to increase power generation to 10GW, the Nigerian National Petroleum Corporation has unveiled plans to expand gas generation and distribution nationwide.


Lagos slumps as travel to Africa displays double-digit growth
08-15-2017 | 10:55:00
An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air is cutting 53% of its seats for the rest of 2017.


Dangote, GrowAfrica and Nigeria Agribusiness Group sign MoU for more investment in agriculture
08-14-2017 | 11:01:00
As part of efforts to boost private sector’s investment in agriculture, Dangote Group, GrowAfrica and Nigeria Agribusiness Group have signed a Memorandum of Understanding.