Category Archives: Nigeria News

Nigeria News

African Challenges to African Development

The parlous story of African economic and social development since independence best expressed in the failure to achieve the autonomous capacity for self-actuated development and in particular to create conditions of national and continental modern mass production and prosperity is well known and need not be repeated. It is enough to re-state that Africa’s development […]

Crowding the private sector into Africa’s climate action

The global community for climate action was spooked by the November 8 election of Donald Trump as the next President of the United States. The US President-elect had earned the sobriquet of “climate denier,” for his claim that climate change is a hoax. However, there is cautious optimism that his presidency will not overturn the […]

Continental Hotel Chain Developments

Following 142 new hotel development constructions in Sub Saharan Africa (SSA) in 2014, Ethiopia is ranked among the top 10 largest markets for international chain hotel developments. North Africa has the largest hotel development pipeline with a lion share of 41.4% while West Africa with 34.1% closely follows. Nigeria ranks the highest in terms of […]

Hotel industry in Africa

Investments from international hotel chains and the spread of Jovago’s impact confirm a great growth of the hotel industry on the continent. Following 142 new hotel development projects in Sub Saharan Africa (SSA) in 2014, Ethiopia is ranked among the top 10 largest markets for international hotel chain developments. North Africa has the largest hotel […]

HID Global and Botosoft Launch Mobile Student ID System in West Africa to Authenticate Over 2 Million Nigerian Students

News Highlights: HID Global and Botosoft built and delivered system to help West African Examinations Council (WAEC) register and authenticate Nigerian students. Mobile Student ID system helps WAEC combat identity fraud and preserve the value of an education in Nigeria. Handheld mobile readers eliminate identity fraud, verify student attendance and manage rules in real-time. AUSTIN, […]

Top 7 business destinations in Africa

Africa’s leading online hotel booking platform reveals top 7 business destinations It’s pretty hard to miss the buzz that has been on about the African economy, with large markets and a huge consumer market-base, Africa has become one of major hub of business in the world. The African continent is deemed the world’s fastest growing […]

Exclusive interview with Mr. Kresten Buch, the founder of 88mph

Kresten Buch, a Danish web entrepreneur turned investor, brought the accelerator model to Sub Saharan Africa nearly 3 years ago and to date has invested over $3million. How many startups do you have in your business portfolio? 35 What are the most interesting ideas associated with these startups? Ideas give some insight into the entrepreneurs […]

Carlson Rezidor announces the Radisson Blu Hotel, Port Harcourt, Nigeria

The Carlson Rezidor Hotel Group – born in early 2012 – is one of the world’s largest and most dynamic hotel groups. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, a global footprint spanning 80 countries, a powerful set of global brands (Radisson Blu, Radisson®, Country Inns & Suites by […]

Nigeria’s Constitution Review: Nigerians reject rotating the presidency between North and South

By Hussaini Umar Nigerians yesterday rejected single term presidency, which is being canvassed by President Goodluck Jonathan, during the House of Representatives Public Hearing on the review of the 1999 Constitution at the 360 Federal Constituencies in the country. Also, in most states, the call for the creation of additional states and the recognition of […]

Standard Bank Group leads US$550m Shoreline Natural Resources facility

Standard Bank Group, as mandated lead arranger and bookrunner, has closed a US$550,000,000 syndicated bank guarantee and bridge facilities for Shoreline Natural Resources. This is one of the largest finance deals completed in Nigeria so far in 2012. Shoreline has used the facility to acquire 45% in OML 30, an oilfield in the Niger Delta […]

Having cracked the feature phone challenge, 2go heads for smartphones

  Mobile social network 2go is extending its successful feature phone app to smartphones, while growing its team of software developers and support staff. 2go currently has over 10 million active users who send more than 6 billion messages a month, mostly on lower-end feature phones in Nigeria and South Africa. “Feature phones have been […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]