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AfricaMoney | November 7, 2016

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FAAN Commissions Benin Airport

March 10, 2013 |

The Federal Airports Authority of Nigeria has commissioned the remodeled Benin Airport terminal in Benin City at the end of this week. The airport is the third to be commissioned among the 11 airports listed under the first phase of the Airport Remodeling Project, ini...
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AfDB approves US $300-million loan to Nigeria

March 2, 2013 |

The Board of Directors of the African Development Bank Group approved this week, in Abidjan, Côte d’Ivoire, a loan of US $300 million to finance the Transport Sector and Economic Governance Reform Program and the Nigeria Country Stra...
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Nigeria will become regional petrochemical, fertilizer hub by 2017- NNPC

February 26, 2013 |

Nigerian National Petroleum Corporation (NNPC), Group Executive Director (GED) of Gas and Power, David Ige, has projected that the on-going reforms in the gas sector will make Nigeria a regional hub of petrochemical and fertilizer by 2017. Read More

Nigeria receives $50 million to bolster energy sector

February 24, 2013 |

The Climate Investment Funds (CIF) has announced an agreement to provide Nigeria with US $50 million to support an African Development Bank-supported program of financial interm...
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AfDB contributes in water sector in Nigeria

February 23, 2013 |

The African Development Bank Group is committed to supporting its regional member countries in their quest to increase sustainable access to safe water and basic sanitation in urban and ...
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First Bank retains Number 1 banking brand in Nigeria

February 17, 2013 |

For the second year running, Nigeria’s biggest lender, First Bank of Nigeria Limited has retained the number one banking brand in Nigeria, according to the current Top 500 World Banking Brands Ranking just released by The Banker and Brand Finance in the United Kingdom. According to...
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Nigeria can end rice importation by 2015 – AfDB

February 16, 2013 |

African Development Bank (AfDB) Chief Operations Officer (COO),  Patrick Agboma, has said that  Africa’s second largest economy, Nigeria, can stop importing rice by 2015 “if the right things are done”.

Agboma who spoke wit...
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IBM partners Nigerian government on e-Governance

February 15, 2013 |

February 15, 2013: Ekiti State Government has entered into an agreement with International Business Machines (IBM) which would see the software vendor provide ICT solutions to the State Government, the State University and the Civil So...
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Honeywell Group partners GE to boost power generation

February 13, 2013 |

February 13, 2013: Mr. Chris Bale, a top official of leading Nigerian conglomerate Honeywell Group, disclosed the group signed a Memorandum-of-Understanding (MoU) with General Electric (GE) for the construction of a power generation facil...
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Nigeria slice cost of business registration by 70%

February 12, 2013 |

February 12, 2013 - In line with international best practices, Nigeria Minister of Trade and Investment, Olusegun Aganga has approved the reduction of business registration at the Nigerian Investment Promotion Commission (NIPC) from N50,0...
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AfDB supports Export-Oriented SMEs in Nigeria

February 6, 2013 |

Photo of Ousmane Dore, AfDB’s Resident Representative in Nigeria

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$100 million loan approved to boost fertilizer production in Nigeria

January 31, 2013 |

January 31, 2013 - The Board of Directors of the African Development Bank (AfDB) has approved yesterday a senior loan of US $100 million to Indorama Eleme Fertilizer & Chemicals Limi...
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Dell launches Windows 8 Tablets, Ultrabooks into Nigerian market

January 26, 2013 |

Leading technology corporation and computer maker, Dell Inc., in partnership with Microsoft and Intel Nigeria, has launched its touch-enabled Windows 8 XPS PCs into the Nigeria market. The new produc...
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Nigeria to remodel 11 more airports in 2013

January 23, 2013 | January 23, 2013 - Read More

Nigeria may emerge World’s 13th Leading Economy by 2050 – PwC

January 20, 2013 |

Nigeria may occupy the 13th position as one of the leading G20 economies in the World by 2050, a reportRead More

Standard Chartered and Ashmore invest in Nigerian aluminium can firm

January 18, 2013 |

January 18, 2013 -Standard Chartered Private Equity and UK-based investment manager Ashmore have announced that they have invested in Nigerian aluminium can manufacturer GZI. Read More

Alcatel-Lucent, Etisalat Nigeria Sign New Deal To Improve QoS

January 13, 2013 | In a bid to strengthen service and operational services in Nigeria, UAE telecommunication company, Etisalat has signed a fresh agreement with its technical partner, Alcatel-Lucent at its Nigeria headquarters in Lagos. This is the sixth phase of the agreement signed between both companies since the t...
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Nigeria set to launch new Cement Policy

January 8, 2013 | January 8, 2013 - Nigeria’s Minister of Trade and Investment, Olusegun Aganga, has disclosed that a new policy will soon be effected as part of the country’s cement sector’s Backward Integration Policy (BIP).  According to Aganga, the BIP which was adopted in 2002 during the regime of the ers...
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Nigeria: Dana Air Resumes Flight Operation

January 4, 2013 | Dana Air resumes flight operation on Jan. 4, an official of the Federal Airports Authority of Nigeria (FAAN), Mr James Shallangwa, said on Thursday. Shallangwa, Head of Commercial at the Nnamdi Azikiwe Internatonal Airport, Abuja, made this known in an interview with the News Agency of Nigeria (NAN)...
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Oando Energy Resources resumes production from the Ebendo Field

December 28, 2012 | 28th December, 2012 - Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER), a company focused on oil exploration and production in Nigeria, announced yesterday an update regarding the damaged 10 inch Kwale-Akri oil delivery pipeline that is operated by Nigerian Agip Oil...
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HIV/AIDS effort by Olam and partners reaches out to over 234 000 people across rural Africa

December 14, 2012 | December 14, 2012,  -In a drive to get Africa one step closer to zero new HIV infections, zero AIDS-related deaths and zero discrimination, global agri business Olam, along with NGO partners such as GIZ, EngenderHealth and Action Health Incorporated, has mobilised its supp...
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SBTech enters African market with exclusive Betland deal

December 13, 2012 | December 13, 2012:  DecIndustry-leading and award-winning provider of turnkey sports betting solutions, SBTech, has signed an exclusive deal with African land based operator Betland. Licensed and regulated in Nigeria, Betland is one of the leading land based operators in the region with more than ...
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FirstBank, Bestman Games promote financial literacy through Lagos Monopoly

December 12, 2012 | 12th December 2012: Inculcating financial literacy in youths through the Lagos Monopoly game will give them a head start in the quest for a fulfilled future and facilitate the emergence astute managers of Nigeria’s economy in future, Mrs. Folake Ani-Mumuney, Head, Marketing and Corporat...
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U.S. – Nigeria Trade Hit $38.5 Billion in 2011

December 11, 2012 | Photo:  Assistant U.S. Trade Representative for Africa Florizelle B. Liser The United States and Nigerian trade volume has been valued at $38.5 billion for 2011, with nearly 12 percent increase from 2010, largely due to higher oil export volumes and prices. This was made known d...
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Atiku Bags 2012 African Leadership Magazine Man of the Year Award

December 5, 2012 | Former Vice President of Nigeria, Alhaji Atiku Abubakar has emerged the 2012 African Leadership Magazine Man of the year. The selection team which is made up of political leaders and leading African business moguls, arrived at the decision to confer the award on Atiku based on the former vice presid...
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New MD for Coca Cola Nigeria

November 29, 2012 | Coca-Cola Nigeria Limited has announced the appointment of Adeola Adetunji as the company's new Managing Director effective January 1, 2013. He replaces Kelvin Balogun who was elevated recently to the position of President of Coca-Cola Central, East and West Africa (CEWA) Business Unit. A statement ...
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Nigerian products to be branded

November 29, 2012 | Minister Olusegun Aganga Nigerian locally made products must be branded with "Made in Nigeria" as a label before pushing them into the market, the Minister Trade and Investment Olusegun Aganga has said. The minister made the remarks yesterday at the first Nigerian Hand-made Local Fabrics (NIHLOFA...
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CBN Grants Firstrand, First Discount Merchant Banking Licence

November 27, 2012 | 1 Director of Corporate Affairs of CBN, Mr. Ugo Okoroafor Central Bank of Nigeria, CBN, has granted merchant banking license to South African FirstRand and First Discount House Limited, saying the nation's external reserves has risen further to $46 billion. Director of Corporate Affairs of CBN, Mr....
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Sanusi says strong capital market crucial for economic development

November 26, 2012 | Malam Sanusi Lamido Sanusi, the Governor of Central Bank of Nigeria (CBN) says that the nation's economy would not experience meaningful growth without the capital market. Sanusi stated this in his Lagos office during a courtesy visit by members of the Chartered Institute of Stockbrokers (CIS). H...
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