Can Start up Businesses Survive Without an Online Presence?
12th September 2014
Every new business needs to carefully consider its overall marketing strategy and developing an online presence should be a part of it. Today, almost all customers are online and although young adults are still the most prevalent users of the internet, recent studies have shown than older Nigerians are also very internet-savvy. Around 78% … Continue reading Can Start up Businesses Survive Without an Online Presence?
Events This Weekend, November 15th – 17th
15th November 2013
RCCG Presents Night of Worship The Redeemed Christian Church of God (RCCG), Joshuaville presents Byron Cage, Shana Wilson, Sonnie Badu, BeeJay Sax, Nathan Flo Akiremi, The Voices in Zion, The Sounds of Heaven and The Psalmists at the 5th edition of its Night of Worship, an annual event where everyone gathers for a night of … Continue reading Events This Weekend, November 15th – 17th
Health International News Philanthropy
Bill Gates Re-Affirms Commitment to Polio Eradication in Nigeria
12th November 2013
Billionaire philanthropist Bill Gates met with Nigerian officials on Monday in Abuja to discuss progress made on the ambition for absolute eradication of polio in Nigeria by mid-decade. He met with President Goodluck Jonathan, members of the House of Representatives, Aliko Dangote and other stakeholders, discussing how to deliver Oral Polio Vaccine (OPV) to every … Continue reading Bill Gates Re-Affirms Commitment to Polio Eradication in Nigeria
Aviation News TECH Telecommunication Tourism 7 more...
New Technology Powers in-flight Phone Calls and SMS
10th November 2013
Gogo, the global leader of in-flight connectivity and a pioneer in wireless in-flight digital entertainment solutions, has unveiled its new Text & Talk technology. The new technology uses Gogo’s in-flight Wi-Fi system to allow passengers to send text messages and make phone calls using their own smartphone much like they do on the ground. The … Continue reading New Technology Powers in-flight Phone Calls and SMS
Adidas to Celebrate First Anniversary in Nigeria
Global sports brand, Adidas, is to mark its first year of operations in Nigeria this week. Adidas Stores, at Ikeja City Mall Lagos and Abuja’s Grand Tower Mall, will have an exciting day of festivities and promotions on most Adidas products at its store in Ikeja City Mall Lagos. The Senior Business Development Manager at Adidas … Continue reading Adidas to Celebrate First Anniversary in Nigeria
Pfizer Builds $26Mn Diagnostic and Disease Control Centre in Kano
Pfizer Pharmaceuticals Company has completed a $25.5 million Diagnostic and Disease Control Centre (DDCC) in Kano State. The DDCC is a specialist hospital built as part compensation for the 1996 Trovafloxacin drug clinical trial that the company was involved in resulting in deaths of some children and irreversible illnesses. A healthcare official, David Odiwo, spoke … Continue reading Pfizer Builds $26Mn Diagnostic and Disease Control Centre in Kano
Events This Weekend, November 8th — 10th
8th November 2013
Autobiographica The international dance group ‘Battery Dance Company’ is an international dance company coming in from New York City. They will kick-off the festival with a captivating production ‘AUTOBIOGRAPHICA’ Venue: Ocean View, Eko Hotel, VI, Lagos Date: November 8th, 2013 Time: 6:30pm Tickets: ₦5,000.00; VIP; ₦10,000.00 African Themed Night at Eko Hotel Grab your … Continue reading Events This Weekend, November 8th — 10th
EDUCATION Entertainment News SPORTS
GTBank Principals Cup Now in Six African Countries
7th November 2013
GTBank has announced that its Principals Cup competition currently held in Nigeria is set to be inaugurated in five other African Countries where the bank has subsidiaries: Ghana, Sierra Leone, Gambia, Cote d’Ivoire and Liberia. According to the bank, “The competition is an annual football competition targeted at secondary school students. It evolved out of … Continue reading GTBank Principals Cup Now in Six African Countries
Firstbank Launches e-Commerce Platform
5th November 2013
First Bank Plc has partnered 3AL Limited for a portal to provide various services including retail, insurance products and e-ticketing solutions. The portal, www.3al.com is, according to First Bank, Nigeria’s first social commerce channel which has social media and e-Commerce capabilities. It has social media features that enable businesses to interact with potential customers while … Continue reading Firstbank Launches e-Commerce Platform
International News Tourism Travel
UK Scraps £3,000 Visa Bond for Nigerians
After deliberating on effecting a £3,000 visa bond for Nigerians traveling to the United Kingdom this November, the UK Government has announced the cancellation of the policy. News emerged months back that the UK will demand £3,000 visa bond from high-risk individuals in certain countries, including Nigeria, when visiting. A Home Office spokeswoman told AFP: … Continue reading UK Scraps £3,000 Visa Bond for Nigerians
Owen Corporation Launches Career Software Pathevo in Nigeria
US-based Owen Software Company has introduced Pathevo, an education and career planning software solution in Nigeria. The software assists those in science, technology, engineering and mathematics (STEM) education and career on aspects of information and decision making. At the launching in Lagos, CEO of Owen Software Corporation, Professor Adeboyejo Oni, said, “We are delighted to … Continue reading Owen Corporation Launches Career Software Pathevo in Nigeria
AfDB Approves $153M Financing for Nigeria’s Agricultural Transformation Agenda
The Board of Directors of the African Development Bank has approved an ADF loan of $ 152.12 million and an ADF grant of $ 0.38 million to finance Nigeria’s Agricultural Transformation Agenda Support Program Phase 1 (ATASP-1), AfDB has announced. The African Development Fund (ADF) is the soft loan arm of the African Development Bank … Continue reading AfDB Approves $153M Financing for Nigeria’s Agricultural Transformation Agenda
Lagos: Governor Fashola Presents N489.69b 2014 Budget to State Assembly
4th November 2013
The Lagos State Governor, Babatunde Fashola, has, for the 2014 fiscal year, proposed a budget of N489.69 billion to the Lagos State House of Assembly. The budget was a ten billion reduction from the 2013 N499.604 fiscal year budget. In the proposed budget, the government earmarked N234.665 billion for recurrent expenditure and N255.025 billion for … Continue reading Lagos: Governor Fashola Presents N489.69b 2014 Budget to State Assembly
Main One Gets Loan Facility; To Build Data Centre
Main One Cable Company, a communications services company with submarine cable from Portugal to West Africa, has signed $100 million re-financing facility agreement with four Nigerian banks. It has also announced its intention to complete a $25 million data centre in Lagos by 2014. The company also announced its membership of Alliance for Affordable Internet … Continue reading Main One Gets Loan Facility; To Build Data Centre
Zenith Bank Announces N69Bn Profit After Tax for 9 months in 2013
1st November 2013
Zenith Bank Plc has reported N69 billion as its profit after tax (PAT) for the nine months ending September 30, 2013. It submitted the report to The Nigerian Stock Exchange (NSE) saying loans and advances portfolio hit N1.1 trillion. The report showed unaudited results for gross earnings at N255 billion in the period under consideration, … Continue reading Zenith Bank Announces N69Bn Profit After Tax for 9 months in 2013
Environment News Science & Technology
Partial Solar Eclipse to Occur in Nigeria
The Director-General of the National Space Research and Development Agency (NASRDA), Seidu Mohammed has disclosed that a partial solar eclipse will occur in different parts of the country on Sunday, November 3rd. He made this known to reporters, explaining what it is, what precautions should be taken and what the eclipse is not. An eclipse … Continue reading Partial Solar Eclipse to Occur in Nigeria
Maersk Celebrates 25 Years in Nigeria
Maersk Nigeria Limited (MNL) is celebrating its 25th anniversary. The firm, an arm of the International Maersk Group known for sea liners and shipping, is donating to charities, some of which its staff visited bearing various items and offering other forms of support. The staff donated refrigerators, clothes, shoes and toiletries to physically challenged children … Continue reading Maersk Celebrates 25 Years in Nigeria
Events this Weekend, October 31st — November 3rd
31st October 2013
Freedom Hall Open Mic Night Join Freedom Hall tonight for it Open Mic Night for live music, poetry, comedy, dance. Venue: Ember Creek, 32 Awolowo Road,Ikoyi, Lagos. Date: October 31st, 2013. Time: 7 — 10 pm. For Details, Call: 08024577777 or email to tope [at] freedomrecords.biz Loud’ n’ proudlive Series Presents: The Capital Dreams / ‘Crispy … Continue reading Events this Weekend, October 31st — November 3rd
BUSINESS ECONOMY International News
Doing Business Report: World Bank Ranks Nigeria 147
30th October 2013
The World Bank, in its ease of doing business report released Tuesday and titled “Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises”, ranked Nigeria 147 of 189 countries surveyed. The report looks at ten indicators, including business registration, electricity, protecting investors, registering property, getting credit, enforcing contracts and paying taxes; the report also … Continue reading Doing Business Report: World Bank Ranks Nigeria 147
New Technology Lets You See 270 Degrees Movies in Cinemas
A new technology has been developed by CGV cinemas in South Korea to let people see 270 degrees movie – or a movie on the main screen and on the two side walls. The ultra-wide technology, according to reports, provides a panoramic experience, but demands that film-makers take the two new ‘screens’ into account when … Continue reading New Technology Lets You See 270 Degrees Movies in Cinemas
Stanbic IBTC Announces N20 Billion Profit for 9 months in 2013
Stanbic IBTC has announced its pretax profit for 9 months in 2013 in a filing with the Nigerian Stock Exchange. It submitted that profit rose by 126 percent to 20 billion naira from 9 billion naira in the same period in 2012. Revenue was up from 64 billion naira in the same period of last … Continue reading Stanbic IBTC Announces N20 Billion Profit for 9 months in 2013
BUSINESS ECONOMY International News
Nigeria-Russia Trade Volume Stands at $250m
The Russian Ambassador to Nigeria, Nikolay Udovichenko has announced that trade volume between Russia and Nigeria has hit $250 million. He made this known at the Nigeria-Russia Business Forum, titled Nigeria-Russia Cooperation: New opportunities. He said, “In terms of statistics, it is not so big because it is a quarter of billion dollars, but with … Continue reading Nigeria-Russia Trade Volume Stands at $250m
Lagos Poultry Revenue Hits N44.88 Billion – Commissioner
The Lagos Commissioner for Agriculture and Cooperatives, Prince Gbolahan Lawal, at a press conference with the Poultry Association of Nigeria, announced that the Lagos poultry industry generates about N44.9billion every year. He said the industry produces 48 million crates of table eggs per annum, 14 million kilograms of broiler meat, two million cockerels, one million … Continue reading Lagos Poultry Revenue Hits N44.88 Billion – Commissioner
President Jonathan to Present N4.49 Trillion Budget for 2014 – Report
President Goodluck Jonathan has written to the Senate for their approval to present the 2014 Appropriation Bill to the joint session on November 12, 2013. In the letter, titled 2014 Budget, he requested 12 noon for his presentation. Below is an excerpt from the letter: “I write to crave your kind indulgence to grant me … Continue reading President Jonathan to Present N4.49 Trillion Budget for 2014 – Report
BUSINESS ECONOMY International News Personality
Nigerian Industrialist Dangote Ranked 64th on Forbes World’s Most Powerful People List for 2013
Nigerian industrialist Aliko Dangote has been ranked by Forbes Magazine as the World’s 64th most powerful person in its 2013 World’s Powerful People Ranking. He is the only Nigerian on the list, and qualifies by virtue of being the richest black man in the world with several investments and philanthropic activities across the African continent. Forbes Most Powerful … Continue reading Nigerian Industrialist Dangote Ranked 64th on Forbes World’s Most Powerful People List for 2013
BUSINESS News Research Reviews
Dangote Group Among Top 10 Most Valuable Brands in Africa
29th October 2013
African Business Magazine has named Dangote Group as the eighth most valuable brand in Africa in its “The Brand Africa 100” survey for 2013. It placed the group as the most valuable in consumer goods sector with a brand value of 216. According to African Business Magazine, “The study involved a comprehensive research among consumers … Continue reading Dangote Group Among Top 10 Most Valuable Brands in Africa
Autos BUSINESS E-Commerce News Transport
Classified Vehicles Platform Carmudi Launched in Nigeria
Technology giant, Rocket Internet has launched Carmudi in Nigeria. Carmudi is a platform that allows people to find commercial vehicles and motorcycles online. The website allows vehicle dealers and agents to post and buyers to find cars, motorcycles or commercial vehicles online. Nigeria is one of five countries that Carmudi has going live, including Mexico, … Continue reading Classified Vehicles Platform Carmudi Launched in Nigeria
Nigerian Stock Exchange Records $4.7 Billion in Foreign Investment
The Management of the Nigerian Stock Exchange (NSE) has revealed that inflows and outflows of foreign portfolios in Nigeria’s stock market has hit N747 billion ($4.7 billion). The NSE submits that foreign transactions from January to March was N217.57 billion ($1.37 billion) or 42.7% of the total N510.1 billion ($3.22 billion) for the total transactions … Continue reading Nigerian Stock Exchange Records $4.7 Billion in Foreign Investment
Agriculture ECONOMY News Personality
Dangote, Ovia and Adesina Nominated for Forbes Person of the Year Award
Forbes Africa has unveiled its final list of its Person of the Year Award for 2013. The award consists of personalities from three African countries; Nigeria, South Africa and Zimbabwe. Voting has commenced online, and Forbes provides a profile for the five nominees, Patrice Motsepe (South Africa), Akinwunmi Adesina (Nigeria), Aliko Dangote (Nigeria), Strive Masiyiwa … Continue reading Dangote, Ovia and Adesina Nominated for Forbes Person of the Year Award
Lafarge, AFD and LAPO Launch N1.3Bn Affordable Housing Project in Nigeria
Lafarge Nigeria, the AFD (French Development Agency) and LAPO Microfinance Bank have announced their partnership for N1 billion affordable housing scheme in Nigeria. The scheme, named, “Ile Irorun”, the Yoruba phrase for “Convenient Home” targets the poor and middle class, to improve their housing condition through microfinance. The companies signed the agreement at the Sagamu … Continue reading Lafarge, AFD and LAPO Launch N1.3Bn Affordable Housing Project in Nigeria