Nigeria attracts $2.6bn FDI in 2020 amid global downturn.
Global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to the latest UNCTAD...
Category : Press Releases
Stephanie Linus Speaks Up Against Sexual & Gender-Based Violence With Captivating Monologue.
As part of activities commemorating the International Women’s Day (IWD) 2021, UNFPA and its regional goodwill ambassador for West and Central Africa, Stephanie Linus will...
Arise Group Launches $100million Streaming Service Channel, Ariseplay
Africa’s leading brand, Arise Media Group, has announced that it will launch a new streaming service by Sunday, Ariseplay, a platform which is worth $100million....
Teju Ajani appointed managing director for Apple in Nigeria.
Teju Ajani, former country manager for Android Partnerships at Google, has been appointed as the managing director for Apple in Nigeria. Ajani, who will oversee...
$1billion valued Flutterwave raises $170m, eyes New York listing.
Nigeria-founded payments company Flutterwave has raised $170 million from investors to expand its customer base, pushing its valuation up to more than $1 billion. Founded...
Union Bank Unveils Digital Investing Solution.
Union Bank of Nigeria Plc (UBN) has launched the M36 digital investment platform that would offer a wide range of investment opportunities to investors through...
Unity Bank Committed To Self-Sufficiency In Rice Production —Somefun
UNITY Bank Plc has reiterated its commitment to Nigeria’s target of self-sufficiency in rice production, reassuring rice farmers of its readiness to providing necessary support....
FCMB Boosts Agribusiness With N74.10bn Loans.
First City Monument Bank (FCMB) has grown its loan portfolio to the agriculture sector in Nigeria to N74.10 billion, representing 10 per cent of the...
Access Bank Unveils SwiftPay To Boost Digital Payments For SMEs.
Access Bank Plc recently unveiled SWIFTPAY, a digital payment service that facilitates the receipt of business payments by enabling customers make quick, easy and secure digital payments on...
US Ambassador opens centre in Lagos, to boost entrepreneurial skills among Nigerian youth.
US Ambassador to Nigeria has launched a centre where youths can gain entrepreneurship skills through programs and workshops. The United States Ambassador to Nigeria, Mary...
London Stock Exchange welcomes Ecobank Nigeria celebrating its bond issuance.
Ecobank Nigeria has today opened the market at London Stock Exchange via a virtual ceremony to mark the listing of its five-year fixed rate senior...
Nigerian Regulators Plan to Build Progressive Crypto Regulatory Frameworks
The Nigerian government’s decision to ban cryptocurrencies in the country caused a significant uproar among crypto enthusiasts and industry insiders. With market activity seemingly getting...
Developer Boosts Alaro City With 576 Residential Apartments.
Prospective home owners/seekers in Lagos have received a boost in their options for modern, family-friendly homes with the start of sales of Universal One, a...
ViacomCBS Networks Africa partners with the Zero Malaria Starts With Me movement to support young people in their fight against malaria.
ViacomCBS Networks Africa (VCNA) has joined forces with the Zero Malaria Starts With Me (ZMSWM) movement to inspire and engage young people in the fight against malaria – the generation that...
Meet Folashade Akanni-Shelle: New managing director of Bolloré.
Daring, efficient and ambitious… These are just some of the words that have been used to describe Folashade Akanni-Shelle, the new managing director of Bolloré...
LASG launches Casio Maths, Science teachers’ training centre.
In a bid to enhance teaching and learning of Mathematical and Science related subjects for better performances in internal and external examinations for students, the...
Ogun State, Fan Milk Partner on Dairy Farm.
Fan Milk Plc, a DANONE Company, has signed a partnership agreement with the Ogun State Government to establish a dairy farm at the Odeda Farm...
SustyVibes, British High Commission partner to plant 5,000 trees in Lagos, FCT.
A social enterprise for youths, SustyVibes, has announced its community-based tree planting and climate advocacy project, called #Communitrees. The project is in partnership with the...
Imota Rice Mill: Lagos Officials Visit To See Level Of Work Done.
The Lagos State Commissioner of Agriculture, Ms @Abi_Olusanya together with the Commissioner for Energy and Mineral Resources, Engr @OlalereOdusote and top officials of both Ministries...
World Cancer Day: Lagos To Test 210,000 Women For Cervical Cancer Free Of Charge.
Today, in commemoration of the #WorldCancerDay, we rolled out an ambitious exercise designed to generate demand and screen 210,000 women for cervical cancer in Lagos...
Olam, BATN, eight other exporters earn $100.88m in one month.
Top 10 traders earned $100.88m from non-oil goods exported in one month according to latest figures obtained from the Central Bank of Nigeria. Most of...
Adeyinka Adegoke creates MelaninPeople social media app to celebrate Africa, Africans & African Diaspora
A Nigerian man Adeyinka Adegoke has created MelaninPeople, a social networking app designed to connect a range of Black and brown businesses, individuals and professionals. MelaninPeople...
Tizeti Rolls Out High-Speed 4G LTE in Edo with N4000/m Broadband Service.
Tizeti, West Africa’s pioneer solar-based internet service provider is rolling out its 4G LTE network in Edo State, with monthly fixed broadband costs pegged at...
Vitafoam attributes N23.44bn turnover to innovation, expansion.
Vitafoam Nigeria Plc has ascribed its turnover increase of 5.2 per cent from N22.28bn in 2019 to N23.44bn in 2020 to innovation and expansion. According...
Coca-Cola collaborates with SWEEP Foundation on environmental sustainability.
The Coca-Cola Foundation has awarded a grant to Statewide Waste and Environmental Foundation (SWEEP) to launch a new environmental sustainability initiative, titled ‘Waste In the City’...
Stephanie Linus Joins WildAid To Advocate For Wildlife Conservation.
Lagos, Nigeria – January 12, 2021 Star actress and filmmaker Stephanie Linus is furthering her cause as an environmental activist with the focus this time on...
Peak Milk delights consumers with Peakmas campaign.
In December, Nigeria’s leading dairy brand, Peak Milk launched its annual Christmas campaign tagged ‘Peakmas’, a series of activities around Nigeria to ensure consumers have...
Nigeria Stock Exchange Ranked World’s Best-Performing Stock Market In 2020
The Nigerian Stock Exchange (NSE) All-Share Index is closing 2020 as the best performing, recording a growth of 47.2 per cent a day to end...
GOtv Nigeria Unveils Laycon As Brand Ambassador, Kicks-Off Tour
GOtv Nigeria has unveiled BBNaija Lockdown edition winner, Olamilekan Agbeleshe, popularly known as Laycon, as its latest brand ambassador at an event to launch MultiChoice’s...
NARD partners mortgage bank to provide housing for doctors.
The National Association of Resident Doctors (NARD) has begun an affordable housing scheme for 4000 members across the federation to tackle accommodation challenge. Its National...