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Lagos Gitex Pitch Competition: Eight Startups Emerge Winners

Eight startup businesses have been announced as winners of the Gitex Pitch Competition, a Lagos Roadshow edition, which was held last Friday. The organizers of the roadshow event listed the winners as Pocket Food; Fuspay Technologies; Byte; Africa Comicade, Get Equity; Alajo; Instant Rad and Dataleum. According to them, the Lagos State Government, in partnership with […]

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NNPC, Daewoo Seal $741Mn Deal For Kaduna Refinery’s Repair

The Nigerian National Petroleum Company Limited (NNPCL) has signed a $741 million maintenance service contract with Daewoo Engineering and Construction Company Limited for a quick fix repair of the moribund Kaduna Refinery and Petrochemical Company (KRPC). A statement by the Nigerian oil company indicated that the signing ceremony was performed on Thursday by the top […]

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How Nigeria’s ICT Industry Becomes FDIs’ Haven – NITDA Boss

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has hinged the improved Foreign Direct Investments (FDIs) in Nigeria’s ICT industry on the nation’s large population size and its emerging economic status in the global ecosystem among other factors. The industry expert, who made this remark while speaking at a meeting with […]

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Nigeria Can Meet OPEC’s Oil Production Quota – NUPRC Boss

…..Says Policy On Gas Emission Reduction Underway   The Chief Executive Officer of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has expressed optimism that Nigeria can meet the Organisation of Petroleum Exporting Countries’ (OPEC’s) oil production quota, in spite of the current insecurity challenges in the upstream sector of the hydrocarbon resources industry. […]

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NSIA Reports N153.56Bn Profit Amid Global Investment Climate Uncertainties

Despite uncertainties in the global investment space and sundry fiscal constraints in the domestic environment, the Nigerian Sovereign Investment Authority (NSIA) has reported N153.56bn profit in the 2021 financial year. Despite the increasingly volatile global investment climate,  the NSIA which was set up by the Federal Government in 2012 to manage Nigeria’s Sovereign Wealth Fund, […]

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NAFDAC Seeks Improved Funding For Herbal Medicine Research

The National Agency for Food and Drug Administration and Control (NAFDAC) has called for more funding into research and development of herbal medicines to support universal health coverage in the country. Director-General of the agency, Prof. Mojisola Adeyeye, made the call at the Inaugural Symposium and Launching of the Africa Centre of Excellence for Drug […]

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Industry Expert Tasks African Banks On Improved Funding Of Oil Sector

To address the current challenges constraining optimal output from Africa’s oil-producing countries and ensure sustainable growth of the hydrocarbon resources industry, an industry expert, Mr. Kola Karim, has charged banks in the continent to commit more funds to critical value chains in the sector. Karim, who gave the charge during an interview with African Energy […]

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NCC Lists Digital Frontiers For Telecoms Industry’s Growth

As stakeholders in Nigeria’s telecommunications industry commemorate 20 years of telecoms revolution in  the country, the Nigerian Communications Commission (NCC) has listed key initiatives for implementation in the years ahead  to consolidate the growth and gains of the telecom sector. The Executive Vice Chairman of the commission, Prof. Umar Danbatta, listed the digital frontiers in […]

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CBN Approves N500Mn Grant For Undergraduates, Graduates’ Entrepreneurship Scheme

The Central Bank of Nigeria (CBN) has initiated a scheme to support Nigerians in tertiary institutions with a N500 million grant to promote entrepreneurship and reduce unemployment. The apex bank made the disclosure in a report published on Wednesday with the title ‘Guidelines for the implementation of tertiary institutions entrepreneurship scheme’. Specifically, it stated that […]

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NCC Revs Up 5G Technology Deployment Drive

The Nigerian Communications Commission’s (NCC’s) plan for Fifth Generation (5G) technology deployment in the country continues to gather momentum with the Commission confirming its 97 per cent readiness to begin full implementation. The Executive Vice Chairman of NCC, Prof. Umar Danbatta, re-affirmed the status of the Commission’s 5G technology deployment at the annual African Tech […]