African Investor Networks Team up for a Pan-African Business Network Solution
The agreement for African investor networks to join forces for a Pan-African business network solution was reached during the investor summit hosted by venture capital community VC4Africa at the event, with local and international investors present including angel investors, impact investors, venture capital funds and corporate venture capital actors. “Going into the third year of DEMO […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1.The Federal Government has awarded a N1.1 billion contract for the design and manufacturing of two diesel locomotives for the Nigeria Railway Corporation. After the Federal Executive Council (FEC) meeting on Wednesday, the Minister of Transport, Senator Idris Umar, said the locomotives would have built-in power packs and would run on 1435 mm standard gauge. […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1 . FirstBank has recently announced the launch of FBN Bank Ghana, following the agreement reached by First Bank of Nigeria Limited and International Commercial Bank Financial Group Holdings Ag (ICBFGH) for the acquisition of a 100 per cent equity interest in ICB Ghana. 2. The Lagos State Government has unveiled an action plan, which […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1. Kano State Governor, Rabiu Musa Kwankwaso, the Emir of Kano State, Mallam Muhammad Sanusi II and other Northern leaders, gathered at the government house in Kano to unveil the state’s e-Commerce project, which marked a turning point in the history of commerce in Kano State and the Northern region. 2. The Director General, Bureau of […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1. The World Bank has revealed that irrespective of falling short of projected global growth, and stable or declining commodity prices, African economies, including Nigeria’s, have continued to expand at a moderately rapid pace, with regional gross domestic product (GDP) projected to strengthen to 5.2 per cent yearly between 2015 and 2016 from 4.6 per cent […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1. The World Bank’s Doing Business in Nigeria 2014 Report has revealed that Nigeria has recorded significant improvements in its Doing Business Index within the last four years. This year’s report is the third in a series of reports analysing business regulations across Nigeria. 2. The Executive Secretary of the Nigerian Content Development and Monitoring […]
Nigeria Today: Top Ten News Stories You Shouldn’t Miss
1.The federal government is currently constructing about 118 power projects as pragmatic steps towards tackling the low electricity generation in the country. The 118 power projects spread across the country, are at different stages of completion. Chairman of Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi disclosed this at a monthly breakfast meeting organised by Nigerian-British […]
Nigeria Today: 10 Top News Stories You Shouldn’t Miss
1. The trade volume between Nigeria and China has risen to $11.76 billion by the end of the third quarter of 2014, reflecting a 39.4 percent increase. Meanwhile, the bilateral relations between both countries continues to rise in various sectors especially trade, energy, agriculture, infrastructure, telecommunication, electric power, railway, aerospace, financing, science, technology and culture. 2. […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1.The World Bank’s Board of Executive Directors has approved a $500 million International Bank for Reconstruction and Development (IBRD) credit to increase access to finance for Micro, Small and Medium scale Enterprises (MSMEs). In a statement from the bank’s country office in Abuja Nigeria, the Country Director, Marie Francoise Marie-Nelly, explained that the fund is meant […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1.The Federal Government has declared Wednesday, October 1, a public holiday to mark Nigeria’s 54th Independence anniversary celebration. A statement from the Ministry of Interior, signed by the Permanent Secretary, A.G. Magaji, said the minister, Mr. Patrick Abba Moro, who made the declaration, “congratulated all Nigerians and urged them to build a more united and […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1.The French Agency for Development (AFD), a public development finance institution, has said it recently approved €400 million as grant to finance transport and energy projects in Nigeria. This was stated by the Country Director, AFD, Mr. Hubert Dognin at the European Union (EU)- Nigeria business forum held in Lagos. 2.It has been reported […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1. Ecobank has begun its rapid transfer ‘Back to School’ campaign to enable parents and guardians pay their children and wards’ school fees in an easy, fast and convenient manner while being rewarded. The Ecobank rapid transfer product is an innovative money transfer service available within Nigeria and countries in Africa where Ecobank has presence. The […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1.Nigeria has been estimated to have realised about $40 billion from crude oil exports in the first half of this year, according to the Organisation of Petroleum Exporting Countries (OPEC). The 12-nation member organisation, in its revenue fact sheet, however stated that the oil giant of Africa had net earnings of about $84 billion in 2013. […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1. A worldwide poll by CNN has rated the Nigerian accent as the sixth sexiest in the world. In a Facebook poll involving 13 other accents from various parts of the world published on its website on Thursday, the Nigerian accent was rated so ahead of the Brazilian Portugese, Argentinian, Thai and other accents. 2. The […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1. The Nation has reported that experts from the University of Greenwich and the Natural Resources Institute, United Kingdom have rated made-in-Nigeria flash dryers as a good tool for cassava processing that can be exported. The assessment was made by Dr. Andrew Graffham, a food safety and quality expert and Dr. Andrew Marchant, a consulting […]
Nigeria Today: Top 10 News Stories You Shouldn’t Miss
1.The African Development Bank (ADB) has approved a $1 million (about N160 million) emergency grant to help Nigeria fight the Ebola Virus Disease (EVD), which has so far claimed seven lives in the country and over 2,300 in three other West African countries. 2.The Starwood Hotels & Resorts Worldwide Incorporated has disclosed plans to add as much […]