GTBank Targets 20% Loan Growth for 2014

  Guaranty Trust Bank (GTBank) has revealed plans to grow its loan book between 15% – 20% this year. In order to achieve this, the bank has listed its target sectors to include telecoms, oil and gas, manufacturing and

Seplat Raise 300.9 Million Through IPO

Independent oil and gas company, SEPLAT Petroleum Development Company, yesterday, Wednesday, Match 9, 2014, said it raised 300.9 million pounds (about 300.9 million naira) in its initial public offering, at a dual listing in the London and Nigeria’s Stock Exchanges.

MoneyGram Partners with Diamond Bank to Provide Premium Transfer Services

  Diamond Bank is to partner with MoneyGram to provide premium money transfer services at strategic locations in the country. Mr. Uzoma Dozie, the Bank’s Executive Director, Retail Banking said in a statement that the partnership was an important milestone

Nigeria Centenary Monopoly Edition Revealed

On Wednesday, Nigeria disclosed the first ever West African Commemorative edition of Monopoly at the Wheatbaker Hotel, Ikoyi by the Honorable Minister of Tourism, Culture and National Orientation, Chief Edem Duke which was at first launched by the Vice

RISE Networks in Partnership with MTN for Youth Empowerment

MTN, as part of its corporate social responsibility initiative partners with RISE Networks, a private sector funded youth-interest organization in advancing the vision and knowledge of Nigerian youths by engaging youths across the country in a National Development Forum.

Eko, Ikeja Discos Commence Integrated Power Generation

Eko and Ikeja Distribution companies (Discos) serving Lagos, Nigeria’s commercial capital are set to commence on the integrated generation of power to boost energy supplies to Lagosians. Charles Momoh, Chairman, West Power & Gas, the private company that acquired Eko

Nigeria Plans to Re-weigh Inflation

The National Bureau of Statistics (NBS) told Reuters on Monday that Nigeria plans to re measure its inflation index from 2004 to 2009 by the end of this year to give evidence of the impact of non-food items on prices

Nigeria is the 26th Largest Economy in the World and Africa’s Biggest Economy

Nigeria becomes the 26th largest economy in the world as it has re-based its nominal gross domestic product (GDP), with estimates from $285.56 billion to $509.9 billion. The new nominal GDP places Nigeria ahead of countries like Austria with $394.7

E-commerce will propel Nigeria’s GDP – Shagaya

CEO of Konga, Sim Shagaya pointed out that electronic e-commerce is a very important driver of Nigeria’s Gross Domestic Product (GDP). He noted that the use of ICT helps to bridge the unemployment gap in Nigeria. He said this as

Nigeria: Govt – 25,000 ‘Made in Nigeria’ Vehicles Ready This Year

Aminu Jalal, Director General of the National Automotive Council (NAC) revealed at a media roundtable in Abuja yesterday, that Nigeria auto manufacturing companies will produce 25,000 vehicles by the end of this year while the new tariff regime for the

Ethiopian Airline Extends Operations to Kano – Yadeta

Mr. Solomon Yadeta, the GM, Ethiopian Airline Nigeria said on Tuesday that the airline would soon extend its operations to Kano State. He made this known at the Airline’s Stakeholders’ meeting in Abuja. Presently, the airline is operating in

Kwara Government Grants N215m Loan to 217 Farmers

  217 farmers across 16 local governments of Kwara State are to benefit from a N215million commercial agricultural loan scheme to boost agricultural activities by the State Government. While presenting cheques to some of the beneficiaries, the State Governor, Abdulfattah

Diamond Bank Post 29% Increase in Profit After Tax

Diamond Bank Plc has announced a 29 per cent increase in its profit after tax, PAT, to 28.5 billion for the full year ended December 31, 2013. The bank also stated that for the same period, it recorded a 16.7

AfDB Approves N4bn for Water Supply, Sanitation Projects In Nigeria

  The Board of Directors of the African Development Bank (AfDB) yesterday approved the sum of N3.5 billion ($205 million) for Nigeria’s Urban Water Sector Reform and Port-Harcourt Water Supply and Sanitation Project. The total project cost amounts to approximately

Nigeria to Produce 500,000 Tonnes Of Cocoa In 2024

  More good news continues to emanate from the once lucrative Nigerian Agricultural Industry. This time, the federal produce inspection service, FPIS, have announced that the country will increase cocoa production to 500,000 tonnes in the next 10 years- 2024.

Nigeria is UN’s Security Council President for April

On Tuesday, Nigeria took up the rotational presidency of the United Nations Security Council for April. Nigeria’s Permanent Representative to the UN, Mrs. Joy Ogwu, took over the role from Mr. Sylvie Lucas, Luxembourg’s representative. Ogwu stated that it is

Latest stories

News

Featured Events

Discover upcoming events and opportunities across Nigeria.

More stories on

News

Most Popular

Previous
Next
Previous
Next

Most Popular

Previous
Next