Category Archives: Nigeria News

Nigeria News

2016: Dangote ends Nigeria’s Cement importation…exports 0.4m metric tons cement to neighboring countries

Following continuous increase in its production capacity, foremost cement manufacturer, Dangote Cement Plc (www.Dangote.com) has finally ended the era of Nigeria’s dependence on importation as the company exported 0.4 million tons of the product to other countries in 2016.

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New for Nigerians: Paycode Cardless Cash Withdrawal Service

I’m excited to announce a new financial service inside BBM for Nigerians: Paycode. This service, from Interswitch Ltd, enables cardless cash withdrawal at ATMs as well as cardless/cashless payments in participating real-world stores. Nigerians can find Paycode on their Discover menu today.

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2Face Idibia Joins Olori for GiveBack Concert to Save Nigerian Orphans

GiveBack Concert

2face Idibia (Tubaba) has decided to team up with Olori Wuraola Zaynab Ogunwusi, Yeyeluwa of Ife for the GiveBack Concert to put smiles on the faces of orphaned children from all over Nigeria.

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CashlessAfrica Champion Awards 2017 to Reward Innovation in the Digital Financial Services Ecosystem in Africa.

digital financial services

Mobile Money Shop in Ghana.

The CashlessAfrica 2017 (www.CashlessAfrica.com) awards are dedicated to acknowledging creativity, commitment and excellence in the digital financial services industry across Africa. The awards honor the best of the breed across all sectors and segments covering financial technology providers, mobile network operators, financial institutions, mobile money providers, card services, financial institutions, application providers, regulators, microfinance organizations and individuals in the ecosystem in Africa and beyond.

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Multimodal West Africa set to prepare Nigeria’s transport and logistics sector for economic growth.

Nigeria’s leading transport and logistics experts will gather for the historic maiden edition of Multimodal West Africa 2017 (MMWA) from Tuesday, 14th to Thursday, 16th March 2017 at the Landmark Event Centre, Victoria Island, Lagos. Most of the industry stakeholders are excited about the Exhibition as they believe it will adequately reposition the Transportation and Logistics sector, which used to be noted for its huge contribution to the nation’s economy but has struggled to retain its position as a result of economic downturn.

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Ghana and Nigeria to Influence AWG Market Size By Residential Application

Water scarcity – including availability and distribution, is one of a global challenge that requires immediate attention. A report from Global Market Insights, Inc on Global Atmospheric Water Generator (AWG) Market size indicated that the sector was worth USD 800 million in 2015 and is forecast to exceed USD 8 billion by 2024 driven by technological innovations.

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WEF Report Indicate High Inequality Rate in Nigeria, South Africa, and US

World Economic Forum (WEF) report on ‘inclusive development index’  shows United States of America, Nigeria, South Africa, Brazil, Ireland, Japan, and Mexico have inclusive-development rankings that fall below their GDP per capita rankings. What this means is that, despite the economic growth witnessed in these countries, there is inequality in the share of the economic growth or prosperity.  The United States had the largest gap existing between the countries GDP per capita rankings and the inclusive-development rankings. This urgently calls for a change in policies which restricts fairs hare of economic growth, employment, and increased profits.

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Nigerian Minister of Industry, Trade and Investment Dr. Okechukwu Enelamah handing over the instrument of acceptance of TFA to World Trade Organisation DG Robert Azevedo in Davos

Nigerian Minister of Industry, Trade and Investment Dr. Okechukwu Enelamah handing over the instrument of acceptance of TFA to WTO DG Robert Azevedo in Davos, Switzerland

According to a 2015 study carried out by WTO economists, full implementation of the TFA would reduce members’ trade costs by an average of 14.3 per cent, with developing countries having the most to gain

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WEF Building Africa: Industrialisation key to Africa’s economic transformation

On this Building Africa debate CNBC Africa is joined by panellists consisting of Phuthuma Nhleko, Executive Chairman, MTN; Paul Kagame, President of the Republic of Rwanda; Oluyemi Oluleke Osinbajo, Vice President of Nigeria and Siyabonga Gama, CEO, Transnet

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Africa’s agricultural production systems need a radical change – ECA’s Karingi

Karingi indicated that the progress in the levels of agricultural productivity has been uneven across countries, ranging from an increase of 325% in Nigeria to a decrease of about 40% in Zimbabwe and proposed that rethinking agricultural transformation would involve the adoption of a three-pronged approach that should systematically and comprehensively consider three essential elements: farming systems, agribusiness and regional value chains

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