Category Archives: Nigeria News

Nigeria News

MainOne launches plan to become largest internet hub in West Africa with Open-Connect Service

Following the partnership of MainOne’s (www.MainOne.net) Data Center company, MDXi, with the Nigerian Internet Exchange, (IXPN) to improve national transit traffic in Nigeria, the company has recently announced a new interconnect service for carriers, enterprises, and ISPs called Open-Connect. Open-Connect is a service that facilitates improved interconnection, collaboration and peering within the MDXi Lekki data center and the Internet Exchange. The product will enable the creation of an environment that allows colocated customers connect to multiple networks, cloud and content providers while significantly reducing the cost of backhaul links to various providers and it offers competitive pricing in an open access, carrier-neutral environment. read more

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The SERAS CSR Awards Announce 2017 Call For Entries from Across Africa

The Sustainability, Enterprise and Responsibility Awards, otherwise known as The SERAS CSR Awards Africa, have announced the call for entries for the 2017 edition, and in 2017, for the first time, East African businesses and organisations are also invited to enter, making the event truly pan-African for the first time. read more

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Gateway Fair: Dangote to spend 10 billion dollars on rice cultivation…gives tools to block makers

The Dangote Group (www.Dangote.com) shone at the just concluded 2017 Gateway Trade fair which was held in Abeokuta, emerging as the second most patronised exhibitor, just as the Group disclosed that it was investing N10 billion dollars in rice cultivation in five states to boost food self-sufficiency. read more

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What happened to transparency?

Dr. IbeKachikwu, the minister of state for petroleum resources

At the annual Nigerian jamboree to the Offshore Technology Conference (OTC) in Houston, Texas, Dr. IbeKachikwu, the minister of state for petroleum resources, told a “world press conference” on May 5, 2017 that Nigeria’s refineries would soon have new investors. He said 26 investors had indicated interest in the epileptic refineries. “By September, we will unveil the investors for the refineries,” the minister said smoothly, typically. “When we came onboard, the refineries were not working but as we speak, we have sizeable investment portfolio for them to an extent that we don’t know who to partner with for the investment.” read more

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Irofit Technologies, Sokowatch & Vugapay win Innotribe’s 2017 Startup Challenge for Africa

Winning startups receive a 10,000 EUR cash prize each and will share their insights about FinTech innovation in Africa with the global financial community during Sibos read more

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She Leads Africa launches accelerator for women-run businesses with Work in Progress! Alliance

Fresh Direct NG First Place Winner, Angel Adelaja

She Leads Africa  has just opened applications for the 2017 She Leads Africa Accelerator, a 3-month program designed to identify, support and fund the next generation of Nigeria’s brightest entrepreneurs. read more

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Will South Africa remain Africa’s leading FDI destination?

Africa presents a mixed foreign direct investment (FDI) picture – EY Africa Attractiveness report. Egypt, Kenya, Morocco, Nigeria and South Africa (the key hub economies) collectively attracted 58% of the continent’s total FDI projects in 2016. Investment from the Asia-Pacific region into Africa hit an all-time high in 2016. According to EY’s (http://EY.com) latest Africa Attractiveness report, heightened geopolitical uncertainty and “multispeed” growth across Africa present a mixed FDI picture for the continent. read more

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10 Finance Enterprises to Compete for Innotribe’s $10,000 Start-up Challenge.

SWIFT Innotribe which launched in 2009 as an innovation hub to connect people, ideas, and networks, has 10 startups to compete in the 3rd edition of the Startup Challenge for Africa. read more

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Connecting Africa & the International Trade Centre: Championing the Internationalisation of Tech SMEs in East Africa

Spearheading ‘trade impact for good’. read more

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