Nigeria News Archives - Page 14 of 14

21Oct

By Africa BusinessNo Comments

African News, Nigeria News

Cooperation Agreement Signed Between EMRC and the Bamanga Tukur African Center for International Trade and Development to Further Agricultural Development in Africa

Nigeria and EMRC agree terms in preparation for the upcoming AgriBusiness Forum 2012. Brussels, Belgium, October 21, 2012 --(PR.com)-- EMRC and the the Bamanga Tukur African Center for International Trade and Development officially signed a join agreement launch the EMRC-Rabobank Project Incubator Award 2012 which promotes and provides a platform for innovative business projects in Africa with a cash prize of US$15,000 for the winner. Four finalists will be selected and invited to present their projects to an audience of 400 people, composed of interested partners and investors from Africa, Europe, USA, India and beyond. The US$15,000 prize will be awarded at the Gala Evening of the AgriBusiness Forum 2012 to the entry that promises the highest level of economic and social ...

20Oct

By Africa BusinessNo Comments

African News, Nigeria News

Richard Chandler Corporation Invests in Union Bank of Nigeria

SINGAPORE, 2012 /PRNewswire/ -- The Richard Chandler Corporation announced that it has invested US$112 million to support the recapitalisation of Union Bank of Nigeria by Union Global Partners Limited (UGPL) consortium. This investment equates to a 13.4% position in Union Bank of Nigeria (UBN). Founded in 1917, UBN is one of Nigeria's most recognised and established banks, with a strong heritage and a pedigree brand. UBN has a nationwide platform of over 400 branches, approximately US$6.6 billion of total assets and approximately US$ 3.5 billion of customer deposits. UGPL has recapitalised UBN with US$ 500 million, acquiring a 65% shareholding in the bank. Nigeria has a population of 167 million, making it the seventh most populous country in the world and Africa's largest...

16Oct

By Africa BusinessNo Comments

African News, Nigeria News

LAGbook Partners with Lovvin to Foster Social Recommendation in Africa

Foremost African social discovery network Ladies And Gentlemen book (LAGbook) today announced its partnership with social recommendation website Lovvin to foster social recommendation in Africa. Lagos, Nigeria, October 16, 2012 --(PR.com)-- Lovvin is a social recommendation website that lets people share things they love and recommend things they might love. Based on what they love, what their friends love, and what other people in the world love, Lovvin suggests a wide range of things to people based on interests and location. Lovvin suggests books, websites, celebrities, places etc, to its visitors, and allows registered users add things, places, and people they already love to Lovvin. Registered LAGbook users can sign up to, and get social recommendations from Lovvin rig...

15Oct

By Africa BusinessNo Comments

African News, Ghana News, Nigeria News

Kinetic Events proud to host founders of Africa’s largest social networking website, Chidi Nwaogu and Chika Nwaogu to speak at IT Leaders West Africa Summit

Chidi Nwaogu and Chika Nwaogu LAGBook (Microsoft Word) The anticipated annual IT Leaders West Africa Summit will take place from 28 to 29 November 2012 in the heart of Ghana’s esteemed capital city, Accra. The summit is produced by international business-to-business conferencing company, Kinetic Events; key strategic information providers to the IT and telecoms sector within Africa. The summit is proudly endorsed by ITES in West Africa. South Africa, Republic of, Oct, 2012 – West Africa is aiming to further develop and improve ICT activity beyond simple challenges of connectivity, encouraging investment and expenditure within local production and development. Until recently, new regulations currently pending before parliament could be implemented in third-quarter 2012 would have ...

13Oct

By Africa BusinessNo Comments

African News, Benin News, Kenya News, Mozambique News, Nigeria News, Uganda News, Zambia News

Novus Celebrates World Egg Day and Supports Egg Consumption and Egg Production in Africa

Special events are being held throughout the continent ST. LOUIS , Oct., 2012 /PRNewswire/ -- Novus International, Inc. has partnered with egg industry associations in Africa for the third consecutive year to support World Egg Day celebrations. On Friday, October 12 , numerous events are being held throughout Africa to promote the nutritional benefits of eggs and raise the public awareness of the importance eggs play in a nutritious and healthy diet. In western Africa , several states within Nigeria including Ogun, Lagos , Abuja-Federal, Port Harcourt-Rivers and Benin will be hosting events at schools; activities include egg races, talks by health care professionals and miming student competitions. In eastern Africa , especially Kenya and Uganda , two-day events are be...

13Oct

By Africa BusinessNo Comments

African News, Nigeria News

LAGbook Founders Set to Launch Online Game Development Company Naija Arts in 2013

Chidi and Chika Nwaogu, founders of Africa's largest social networking website LAGbook are set to launch their online game development company Naija Arts as LAGbook hits the 1,000,000 member-mark in 2013. Lagos, Nigeria, October 13, 2012 --(PR.com)-- Founders of prominent African social networking website, Ladies And Gentlemen book, popularly known as LAGbook, today announced they'll be launching Naija Arts, an online game development company after LAGbook hits the 1,000,000 member-mark in 2013. Naija Arts will be founded with LAGbook's Chief Financial Officer, Josh Osemwegie, and will focus on online game contents (HTML5) that will made available on the LAGbook social discovery platform, and the Naija Arts website using the HTML iframe technology. "W...

23Jul

By Africa BusinessNo Comments

African News, Nigeria News

Kola Aluko Hails $4.5 Billion Deal for New Refineries

LONDON, July 23, 2012 /PRNewswire/ -- The Nigerian government has signed a Memorandum of Understanding with US firm Vulcan Petroleum Resources and Nigeria's Petroleum Refining and Strategic Reserve to build six new oil refineries in a deal worth $4.5 billion. Two of the plants, each of which will have a capacity of 30,000 barrels per day, are set to be operational within a year. Nigeria - Africa's top oil producer - has been held back by its lack of refining capacity, which has made it a net importer of processed crude and subject to global price fluctuations. Until recently, a generous fuel subsidy protected consumers from high import prices. Though not yet lifted entirely, six months ago President Goodluck Jonathan announced that this support was no longer affordable. Fund...

22Jul

By AfricaBusiness.comNo Comments

African News, Algeria News, Egypt News, Ethiopia News, Mauritius News, Nigeria News, South Africa News, Zambia News

Africa to gear up for more meaningful engagement with China

The partnership with China should aim to boost Africa's overall capacity, competitiveness and trade in a way that supports African development. African nations must use the Forum on China-Africa Cooperation to complement the continent's regional institutions and policy agenda. This is according to a report by Standard Bank Group economists Jeremy Stevens and Simon Freemantle ahead of the fifth Forum on China-Africa Cooperation (FOCAC) in Beijing, China, that starts on 19 July 2012. Jeremy Stevens, Standard Bank Group's Beijing-based economist, says that the summit comes at a time when China is distracted by domestic economic challenges and political matters. Meanwhile Africa is now even more reliant on China, in particular Chinese demand for African commodity exports, but even ...

20Jul

By Sanday Chongo KabangeNo Comments

African News, Ethiopia News, Ghana News, Kenya News, Nigeria News, South Africa News

Ethiopian Airlines buys additional plane for US$276 million

By Sanday Chongo Kabange (ABN) HONG KONG - Ethiopian Airlines has ordered an additional 777-200LR aircraft valued at US$276 million from Boeing, bringing the number of similar planes to six. The Addis Abba-headquartered carrier is to add an additional aircraft to its fleet, less than two months after two plane crashes in Ghana and Nigeria notched up the question of aviation safety in Africa. The 777 is Boeing's second-biggest plane, with 321 seats as flown by Ethiopian Airlines, which already has five of them. "The 777-200LR has been a fantastic airplane for Ethiopian Airlines," Tewolde Gebremariam, Ethiopian Airlines chief executive said in a news release. “This additional airplane will let us take full advantage of the performance and economics of this great airplane." The 777-200...

12Jul

By AfricaBusiness.comNo Comments

African News, Nigeria News

DRIVING MONETISATION OF SERVICES IN A FAST CHANGING MARKET. Nigeria Africa Com 26-27 September 2012

Nigeria Africa Com 26-27 September 2012 Eko Hotel & Suite, Victoria Island, Lagos, Nigeria http://www.comworldseries.com/nigeria Join the debate on twitter using #NigeriaCom Join our group on LinkedIn: Nigeria Com DRIVING MONETISATION OF SERVICES IN A FAST CHANGING MARKET Nigeria Com “is the only forum that brings together all stakeholders in the telecoms industry” as described by attendees in 2011. This year’s event is taking place at the Eko Hotel in Lagos on the 26-27 of September. Join us for 2 days of strategic and innovative presentations, panel sessions and interactive debates. If you attend Nigeria Com you will meet and network with the entire Nigerian digital ecosystem which now includes; successful OTT players, innovative app developers, popular social me...