BUSINESS

Interior Designers Excellence Awards 2013

The second edition of IDEA Conference and Awards will be held on 5th of October, 2013. The Interior Design Excellence Awards Conference is an innovative and highly regarded event providing thought provoking keynote presentations, best practice case studies and topical

IPTV Comes to Nigeria

Operators of telecommunication firms in Nigeria are planning investments to bring Internet Protocol Television (IPTV) service to Nigeria, a report by Research&Research has disclosed. The IPTV industry, with current global revenues of $29 billion, which is projected to increase to

Dangote Group to Invest $36 million in Food Processing Plant

Dangote Group, through its subsidiary, Dansa Foods, has said it will invest $36 million in the construction of the continent’s largest high-energy food processing plant in Nigeria. The announcement, made on the sidelines of the United Nations General Assembly, in

Ghana’s RLG to Build Computer Assembly Plant in Osun State

Ghana’s Computer Maker, RLG, has said it will build a $10 million computer and mobile phone assembling and repairs plant under a partnership between it and the Osun government. The company says when completed, the plant will be one of

First Bank of Nigeria Acquires Commercial Bank in Ghana

First Bank of Nigeria (FBN) has received approval from The Bank of Ghana (BOG) for acquisition of Ghana’s International Commercial Bank (ICB), with subsidiaries in Gambia, Guinea, Senegal and Sierra-Leone. The BOG disclosed that the terms of the approval required

e-Business Fair: NextDaySite Offers 50% Discount on Website Design

NextDaySite, an upscale website design and solutions company, in partnership with ConnectNigeria.com, has announced a special promotion of 50 percent discount on website design to be available during the 2013 e-business fair. The fair, which will be hosted by ConnectNigeria.com

Apple Sells 9 Million Units of iPhone 5S and iPhone 5C, as Shares Climb 5 Percent

Over the past weekend, Apple Inc. sold a combined nine million units of its newly released iPhone 5S and iPhone 5C. The announcement, which was made by the company’s Chief Executive Officer, Tim Cook, caused a 5 percent upward swing

Market Update: Confidence Resurfaces in Eurozone

Nothing too out of the ordinary emanated from the US last week, with an array of both disappointing and encouraging key economic indicators released. The Consumer Price Index (CPI) rose only 0.1% in August as opposed to July’s figure of

Heritage Bank, Pan Atlantic University Host SMEs in Growth Conference

Heritage Bank has partnered with the Enterprise Development Centre (EDC) of the Pan Atlantic University (PAU) to organize EDCs 7th, SMEs annual conference. The theme of this year’s conference is: “Models, Markets, Money – Positioning Your Organisation,” and will hold

Mobile Payment in Nigeria Growing – CBN

The Director of Banking and Payment System Department, of the Central Bank of Nigeria, Mr Dipo Fatokun, has said that mobile payment is gaining a lot of grounds in Nigeria, and that the policy is being taken beyond cash-in-cash-out remittances

Tony Elumelu Awarded ‘African Business Icon’

The Chairman of Heirs Holdings, Mr. Tony Elumelu, has been awarded as the winner of the African Business Icon Award by African Business Magazine, a United Kingdom based publication. The awards, which was held 20th September at the Mandarin

Nigeria, France Bilateral Trade Hits N1 Trillion

Trade volume between Nigeria and France have hit N1 trillion, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said. He made this known last week during the Small and Medium Scale Enterprises development Memorandum of Understanding agreement

Transcorp Hilton Hotel Comes To Lagos

Transcorp Hilton Hotel, popular in Abuja and managed by Hilton Group and Transcorp Plc. has announced it will open an hotel, in Lagos. At a management contract between Transcorp Plc and Hilton Group in Lagos, the organizations, it was disclosed

Dolphin Telecoms Brings $700m Submarine Cable to Nigeria

Dolphin Telecoms, a global communications carrier and operator of the Africa Coast to Europe (ACE) submarine cable system in West Africa, has announced that it would land the $700 million submarine cable in Nigeria in the fourth quarter of this

Famous Brands South Africa Acquires 49 percent Stake in Mr. Bigg’s

Famous Brands, South Africa, has acquired a 49 percent stake in UAC Restaurants Limited (UACR), a subsidiary of UAC of Nigeria PLC (UAC), the company has announced. The deal, which is effective from 1st October 2013, will give Famous Brands

Honda Establishes Automobile Plant in Nigeria

Honda International has announced the establishment of Honda Automobile Western Africa Ltd. (HAWA), a wholly-owned Honda subsidiary for the import and sales of automobiles and automobile parts in Nigeria. It is the second local automobile subsidiary established by Honda in

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