BUSINESS

Dangote Group to Build $350 Million Cement Factory in Neigbouring Niger

Dangote Group will build a new $350 million cement factory in Niger, Nigeria’s neigbhour to the north. The Chairman of the Group, Alhaji, Aliko Dangote announced this, after he met with Niger’s President Issoufou Mahamadou in the past week. Dangote

Square Cash Allows Money Transfers Via Email

The mobile, and peer-to-peer payment industries are becoming highly competitive. Led byPayPal, Venmo and Google Wallet, these services allow people to send money easily, either to merchants or to friends. Now the credit card processing company, Square, is trying its

BlackBerry Reassures Customers It Isn’t Bowing Out Yet

In an open letter on Monday, BlackBerry Ltd, reassured its numerous customers and partners that the company was financially stable despite announcing massive layoffs and engaging in talks to sell some or all of the company. The Ontario-based company told

Total Gets $7.5 Billion Syndicate Loan from Nigerian Banks

Eight Nigerian banks have agreed to fund Total’s contractor initiative with $7.5 billion. The Banks – Access Bank, Diamond Bank, Ecobank Nigeria, Fidelity Bank, Guaranty Trust Bank, Standard Chartered Bank, United Bank for Africa (UBA) and Zenith Bank – signed

Shobanjo Tasks Advertising Industry to Think Global

Mr. Biodun Shobanjo, Chairman, Troyka Holdings, has charged his colleagues in the advertising industry to take on the mindset that Nigeria can be represented in the profession at the global stage. Shobanjo gave the advice as he was honoured with

Nylah’s Haven Opens

Nylah’s Catering has announced the opening of its multi-function office, Nylah’s Haven. The office serves as a base for the company’s operations, bringing clients a range of exciting and diverse menu options of food and drink for a variety of

Nigerian Billionaire, Folorunsho Alakija beats TV Queen, Oprah to Richest Black Woman in the World with $7.3Bn Worth

… Ventures Africa values Alakija at $7.3 billion, … According to Forbes, Oprah Winfrey is worth $2.9 billion According to latest report by pan-African magazine Ventures Africa, Nigerian oil tycoon Folorunsho Alakija is now the richest black woman in the

FG Slashes Business Registration Rates

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has disclosed that the federal government has slashed the costs of registering businesses in Nigeria by half. He said, “Following the directive from the President, the Corporate Affairs Commission has

JUMIA Shines at World Retail Congress; Wins ‘Best Retail Launch of the Year’

JUMIA, one of the leading e-commerce retailers in Nigeria, on October 10, 2013, won the award for “The Best Retail Launch of the Year” at the World Retail Congress in Paris, France. The recognition confers on JUMIA the first African

MTN Nigeria Introduces Smart Number for Businesses

MTN Nigeria has launched a Smart Number service for Small and Medium Scale Enterprises, offering them easy to recall numbers containing unique digits and alphabets that can be easily identified and linked them or their products. This, according to MTN,

Nigeria Records N6.85 Trillion e-Transfers in Nine Months

A document made available by the Nigeria Inter-Bank Settlement System (NIBSS), yesterday, has shown that the country registered a total of N6.849 trillion in electronic fund transfers between January and September, 2013. The document revealed that the NIBBS Instant Pay

Moses Signs with Glo, As Brand Ambassador

Super Eagles forward and winger for Liverpool, Victor Moses, has signed his first endorsement contract in Africa with Globacom. The signing ceremony took place, on Tuesday at the head office of the telecommunications company, in Victoria Island, Lagos. Moses joins

Nigeria’s Agricultural Sector Gets Boost from Local Investors – Minister

Nigeria’s Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, has said that local investors are investing more into Nigeria’s Agricultural Sector, under the Agricultural Transformation Agenda. He made this known while speaking at the Agribusiness Forum 2013 in Brussels,

Made-in-Nigeria Cell Phones to Launch in November

A team of investors have announced plans to launch two Made-in-Nigeria mobile phones in November 2013. The investors, numbering about 20, comprise the top players at the computer and mobile phones market in Lagos, Nigeria known as the Computer Village.

UBA to Deploy 450 ATMs Across Nigeria

The United Bank for Africa Plc (UBA), has signed an agreement with Computer Warehouse Group Plc (CWG) for the deployment of 450 units of the CINEO series of Wincor Nixdorf brand of Automated Teller Machines (ATMs) in Nigeria. Mr. Eckard

Nigeria to Issue 5 to 10-year Visas to Foreign Investors – Culture Minister

The Federal Government has disclosed plans to issue five to 10-year visas to foreign investors seeking to do business in Nigeria. Mr. Edem Duke, Minister of Tourism, Culture and National Orientation, made this disclosure recently in Lagos. The minister explained

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