AfDB in Partnership to Launch Africa50 Fund for Infrastructure Development

Made in Africa Foundation (MIAF) has partnered with African Development Bank (AfDB) to Launch Africa50 Fund, to catalyse funding for Africa’s largest infrastructure delivery vehicle. They intend to raise $500 million for Africa50’s project development arm by the first half

NNPC Earns $20.9 Billion from Crude Oil Sales in 2013

The Nigerian National Petroleum Corporation (NNPC) has put its 2013 revenue from oil sales for Year to Date, at $20,907,063,959.35 from 191,939,235 barrels of crude oil sold. NNPC did in a presentation to the Committee of Petroleum (Upstream) of the

CBN To Award Winner of Football Competition N2 Million

The Central Bank of Nigeria (CBN) has announced that the winner of its 2013 All Financial Institutions Football Competition (AFIFC) will receive a prize money of N2million. The competition, jointly organized with the Nigeria Football Federation, NFF, will have the

Gaming Platforms Gaining Ground in Africa; Nigeria’s ‘ChopUp’ Plans Launch

ICT professionals are rapidly exploiting opportunities that development of gaming software is gaining in the market. DEMO Africa, the launch pad for emerging technologies will be launching 3 gaming products; Spyros Entertainment from Egypt; Kenya’s Jooist; and Nigeria’s ChopUp. ChopUp

Juwah, Aregbesola, Implore Govt to Use ICT for Public Service Delivery

Dr. Eugene Juwah, Executive Vice Chairman of the Nigerian Communications Commission (NCC), has called on all governments within the federation to adopt Information and Communication Technology (ICT) tools in carrying out public service. The NCC boss, who was speaking at

Towards Energy Conservation Month, Governor Fashola Hosts Google Hangout

Lagos State Governor, Babatunde Raji Fashola, will, on Friday 27th September, 2013, host Google Hangout from Mega Plaza, Victoria Island, Lagos to discuss topics on Energy and Power in the state. The Hangout is preparatory towards the state’s Energy Conservation

How to Make Money from Parties in Nigeria: A Lecture by Gov. Fashola

Opening a business for mobile restrooms, or a venue-clean up service for parties in Lagos can make you rich. So says the Lagos State Governor, Babatunde Fashola, noting that an estimated N36 billion is spent every year on merrymaking and

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

Afrobasket 2013: Coach Ayo Bakare Responds to 10 Frequently Asked Questions (FAQs)

The Nigerian national basketball team, D’Tigers recently played at the 2013 FIBA Africa Championship (Afrobasket), hosted in Abidjan, Cote d’Ivoire from 20th to 31st August, 2013. Basketball pundits across the nation were surprised that the team was ousted Senegal in

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

The White House: President Obama’s Meeting with Nigerian President Goodluck Jonathan

U.S. President Obama met President Goodluck Jonathan on Monday in New York. The presidents reaffirmed their commitment to fighting terrorism, including the importance of bringing the insurgency in northern Nigeria to an end. The President underscored the importance of combating

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

Reduction in New HIV Cases – UNAIDS

A new report from the Joint United Nations Programme on HIV/AIDS (UNAIDS) shows dramatic reduction in new HIV infections among adults and children – estimated at 2.3 million in 2012, a 33 percent reduction since 2001. New HIV infections among

President Jonathan Rings Closing Bell of NYSE, Meets President Obama

President Goodluck Jonathan rang the closing bell of the New York Stock Exchange yesterday, becoming the first Nigerian President to do so. He used the opportunity to visit the floor of the biggest trading house in the world to speak

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