Revised Regulatory and Supervisory Guidelines for Microfinance Banks in Nigeria
The Central Bank of Nigeria (CBN) has unveiled new guidelines for Microfinance Banks operating in Nigeria. The revised or second edition of its Regulatory and Supervisory Guidelines for Microfinance Banks is coming now, when business are getting back from the holiday break, and as the apex bank directs more attention to microeconomic conditions in Nigeria. […]
Nigeria’s Biggest Online TV, iROKO expands to South Africa
IROKO Partners, managers of Nigeria’s biggest online television – iROKOtv and iROKING – has expanded to South Africa with an office. The new office in Johannesburg will be responsible for new businesses, partnerships and content sourcing for its music – iROKING – and movie – iROKOtv – channels. The company started many months back with […]
For Quality of Service, Etisalat Nigeria signs deal with Alcatel-Lucent
After months of reported improved internet service to subscribers, Etisalat Nigeria is going further with a deal to boost its Quality of Service (QoS) with Alcatel Lucent, an international organization on telecommunication services. The new deal comes after previous deals, to grow consumer satisfaction, and aid its vision for first choice in the Nigerian telecommunication […]
With 1 million subscribers, StarTimes to Invest another N15 billion in Nigeria
Pay TV service, StarTimes, that entered the Nigerian market several months ago, with international and local channels, affordable to several households, has bit 1 million subscribers nationally. The service came from partnership between Nigeria and China, with an initial investment of N15 billion. Going strong and ahead in its business, StarTimes has decided to invest […]
On Climate Change, 2013 fears, after 2012 of Severe Weather in Nigeria
Nigeria had a though environmental year in 2012, with severe weather events experienced across the country. It affected people, places and properties causing losses of varying magnitude. Government, volunteers and organizations led response for victims, providing relief materials, shelters and care. The severity of the weather events in recent years has been on the high […]
Nigeria prepares new Policy to ease the tempest from Cement glut
Story of glut in the Nigerian cement sector hit the news a few weeks ago – coming as something that’ll taper after festivities or when construction picks up, instead continued and straggled, dragging merchants into fray. It has become a dustup between local manufacturers and importers. Importers are blamed for excessive importation, effect that has […]
Tweets, Messages Into 2013 as Nigerians Nestle Social Networks
‘Happy New Year’ was the most famous message across the world – including Nigeria, as people in countries – according to timezone – saw the first hours of 2013. Tweets, short messages, emails, chats and other social posts were exchanged between folks, associates and colleagues to close or open compliments for the New Year. In […]
Towards Flood Control: Nigeria, Cameroon to share Environmental Data
As part of government measures to prevent future occurrence of floods that ravaged many parts of the country last year, a technical committee delegation was sent to Cameroon in December for findings on the Lagdo Dam that was reportedly opened, resulting in the floods. In a statement on the recommendations by the committee, a Federal […]
SON and DPR to use Mobile Fuel-Testing Laboratory to Foster Quality at the Pump
The Standard Organization of Nigeria (SON) and the Department of Petroleum Resources (DPR) are partnering to have a mobile fuel-testing laboratory to ensure quality at the pump – nationwide. This comes as reports of adulteration of petroleum products are growing in the country and after DPR recently sealed scores of filling stations. Automated Gas Oil […]
World Bank partners Nigeria on 10 GB Fibre Optic Network for Universities
The Nigerian Government and the World Bank are targeting a 10 GB Fibre Optical Network for Nigerian Universities and other Higher Institutions of Learning. The project aims to provide fast internet access for students, visitors and staff in the academe. The Nigerian Ministry of Communication Technology, the National Universities Commission and Tertiary Education Trust Fund will […]
New Governor, Deputy for Kaduna State
Nigeria was thrown into grief a fortnight ago, when news broke that a chopper conveying the Governor of Kaduna State, Patrick Ibrahim Yakowa, and a former Security Advisor to President Jonathan, General Owoye Andrew Azazi, had crashed – in Bayelsa – and those travelling on it are dead. The news came as a shock to […]
In a straggling move, MainOne plans Data Centre in Nigeria
Main One Cable Company, leader in wholesale broadband internet supply in West Africa, has revealed plans to setup a Data Centre in Nigeria. The centre is expected to have about 600 racks — roughly the size of 12 supercomputers — and will be launched in 2014 after completion by the end of next year. The move will […]
Row on Keshi’s 32-man Eagles list for AFCON 2013 grow over Odemwingie and Ameobi
When Super Eagles Coach Stephen Keshi, released the 32-man provisional list for the 2013 African Cup of Nations (AFCON) last Saturday, he did what he hoped will get him started to select a squad that will be favorites to be champions of the tournament; rather, it is now a row over player selection and availability. […]
ConocoPhillips leaves Nigeria, sells assets to Oando for $1.79 billion
Global oil-giant, ConocoPhillips is leaving Nigeria, after years of operating oilfields at several parts of the country. ConocoPhillips is selling its assets to Oando Energy Resources (OER) for $1.79 billion plus customary adjustments. This will extend Oando’s asset in onshore and offshore resources in the Nigerian oil sector, and the organization has paid $435 million […]
YouTube’s Most Watched Videos of 2012
[youtube=http://www.youtube.com/watch?feature=player_profilepage&v=iCkYw3cRwLo&w=550&h=385] YouTube, the world’s biggest video sharing website, has revealed its most watched videos of 2012, in its rewind report. It listed the top 10 videos for this year, and made a special video – Rewind YouTube Style 2012 – featuring contents from all the top videos. PSY’s Gangnam Style tops the list with close […]
Nigeria Gets $335 Million Grant For HIV And TB Management From Global Funds
An international financing institution that invests world’s money to save lives – Global Funds – has agreed with Nigeria to provide five grants worth $335 million (N50 billion) to fight AIDS and Tuberculosis in the coming months. This comes in the closing days of 2012 when the organization has given about $3billion in 169 grants […]