30 results
- 26 May 2013
Investors Shun Nigeria, Prefer SA & Egypt
Nigeria is behind South Africa and Egypt as the leading destination in Africa for foreign direct investment (FDI) according to the FDI report released by Global Greenfield Investment Trends. The…
- 18 Mar 2026
NSIA Sign MoU with UK’s Asset Green Ltd to Develop $496M Integrated Dairy Livestock Production Platform in Nigeria
The Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding (MoU) with UK‑based Asset Green Ltd to advance the development of a large‑scale integrated dairy livestock…
- 17 Mar 2014
US Renews Confidence in Nigeria’s Economy with P&G’s N5Bn Modern Plant
United States Government has renewed its confidence in the Nigeria’s economy with the opening of Procter & Gamble $300 million (about N4.8 billion) new plant in the country The new plant…
- 30 Apr 2012
Hopes of Steady Power Supply Fades as FG Courts $20Bn Investment
Nigeria’s erratic public power sector would require an additional capital investment inflow of about $20 Billion over the next 36 months to maintain a steady output, dashing hopes of any quick fix to…
- 16 May 2024
President Bola Tinubu Commissions Seplat Energy’s ANOH Gas Processing Plant
The President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu has commissioned the Seplat Energy ANOH Gas Processing Plant, marking a significant milestone in Nigeria's energy…
- 18 Feb 2026
Africa’s Active Data Centres' Capacity on Back Foot, Despite Investment Push
With its meteoric rise in data centre development and it accounting for 20% of the global population, Africa still only has 0.6% of global data centre capacity. This is based on the 2026 Economic…
- 28 Nov 2021
CBN Set to Establish Int’l Financial Centre at Eko Atlantic City
Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has disclosed plans by the apex bank to set up an International Financial Centre at the Eko Atlantic City in Lagos to be…
- 16 Apr 2016
Buhari Returns from China with Billions of Dollars
President Muhammadu Buhari has expressed satisfaction with the outcome of his working visit to China which he said yielded additional investments to Nigeria exceeding six billion dollars. In a…
- 13 May 2015
AfDB Supports Indigenous Power Investors in Africa
The Board of Directors of the African Development Bank (AfDB) approved $50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC…
- 29 Mar 2016
U.S. Presses Nigeria to Devalue Naira
United States said on Monday it would press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa's largest economy. Linda…
- 5 May 2020
Retail Banks in MEA are Prioritizing Digitalization to Drive Financial Inclusion - Temenos
A study by the Economist Intelligence Unit found 6 in 10 banking executives in the Middle East and Africa (MEA) think cash will dip below 5% of retail transactions in the next five years, compared to…
- 15 Mar 2023
Africa Data Centres, TechAccess Partner to Deploy DCIM Solution Across its Facilities
Africa Data Centres, a business of Cassava Technologies a pan-African technology group, is pleased to announce it has partnered with TechAccess, to implement a Data Centre Infrastructure Management…
- 9 Sept 2014
AfDB Approves $150m Investments in Lekki Tolaram Port
The Board of Directors of the African Development Bank Group (AfDB) has approved a combined US $256 million for the financing of investments in Nigeria and Ethiopia as well as a multinational…
- 11 Oct 2014
President Jonathan Leads Azura-Edo IPP Ground Breaking, Foundation Laying Ceremony
Azura Power Holdings Ltd, on Friday, conducted the official groundbreaking and foundation laying ceremony at the Azura-Edo Independent Power Project (IPP) in Benin, Nigeria. The ceremony was…
- 2 Dec 2014
IFC to Provide $80M Debt Financing to Azura-Edo Investment
IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (the…
- 30 Aug 2020
Nigerian Bottling Company Installs New high-speed canning line at Ikeja Plant
The Nigerian Bottling Company Ltd (NBC) has announced the successful installation of a new high-speed canning line at its Ikeja, Lagos plant, as it forges ahead with its business transformation and…
- 12 May 2016
IHS Urges Africa to Replicate Telecoms Revolution on Renewable Energy
Africa must deliver a renewable power revolution, as happened with telecommunications, to reach its ambitious targets, according to a new report commissioned by IHS Towers, the largest mobile…
- 4 Jul 2022
Firms Unveil LGC Internet Protocol Television Technology
In order to change the way viewers across Nigeria and the African continent consume online and television content, LGC Media Limited and HOI Greenfield Nigeria Limited, have unveiled LGC Internet…
- 5 May 2014
Azura Power Completes Signing $1Bn 450MW Gas Turbine IPP
Azura Power Holdings Limited has completed the signing of the key industry contracts and confirmation on the debt financing of its flagship 450MW Azura-Edo Independent Power Project (“Azura-Edo IPP”)…
- 17 Jun 2021
Delivering on the National Broadband Plan by 2025
Network sharing as an option to drive pervasive broadband in Nigeria By: Eniola Campbell Broadband has long been seen as an enabler of new business processes and product innovation that can boost job…
- 10 Jan 2017
Global IOT Spend Set to Soar
Worldwide spending on the Internet of things (IOT) is forecast to reach $1.29 trillion in 2020, according to forecasts by the International Data Corporation (IDC). According to the IDC's worldwide…
- 20 Apr 2010
Oceanic Bank Adopts SAP Business Suite
Following the completion of the Greenfields rollout at Oceanic Bank, SAP Africa has completed one of its largest ERP implementations in Nigeria. The project was the first by an indigenous bank to…
- 8 Aug 2014
Transcorp Invest N65Bn in Ughelli Power Plant
The core investor of Ughelli Power Plc has invested N65 billion into the power plant, according to Mr. Adeoye Fadeyibi, chief executive of Transcorp, He made the disclosure when the Senate Committee…
- 17 Jun 2019
Gwandu Urges Ethiopia to Learn from Nigeria's Telecom Deregulation
Dr. Bashir Gwandu, non-executive chair of the Commonwealth ITU Group (CIG) and the former commissioner of the Nigerian Communications Commission (NCC), has advised Ethiopia to learn from Nigeria as…
- 12 Sept 2014
Elumelu’s Heirs Holdings to Generate ¼ of Nigeria’s Power Consumption
Tony Elumelu, well-known global business leader and chairman of Heirs Holdings has said that the group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the…
- 15 Mar 2010
Oceanic Bank Inks SAP Business Suite to Phase out Manual System
SAP Africa has completed one of its largest ERP implementations in Nigeria following the completion of the Greenfields rollout at Oceanic Bank, one of the country’s largest financial…
- 30 Mar 2018
Spending on Smart City Technologies in MEA to Reach $1.26 Billion in 2018
Spending on the technologies that enable Smart City initiatives is forecast to reach $1.26 billion for the Middle East and Africa (MEA) region in 2018, according to the latest insights from…
- 15 Jan 2014
OTT, Smart Device Penetration Will Shape MEA Consumer Telecoms Scene in 2014-IDC
International Data Corporation (IDC) on Wednesday announced its annual predictions for the Middle East and Africa consumer telecommunications and media services market in 2014. IDC predicts that…
- 22 Dec 2023
I Am Buying a Lot of IHS Towers Stock in 2024 - Iyinoluwa Aboyeji
Iyinoluwa Aboyeji (@iaboyeji), an entrepreneur in the public interest and founding partner at Future Africa, has provoked conversation on X (formerly Twitter). His eye-opening tweet ‘I am buying a…
- 6 May 2024
Africa Data Centres Unveils ADC Channel Programme
Africa Data Centres, a division of the Cassava Technologies group, is excited to announce the launch of its exclusive channel partner programme, ADC Channel. This programme is designed to establish…