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Buhari Hails First Nigerian Smartphone from ITF Mobile

Indigenous smartphone makers, ITF Mobile has presented the first ever made in Nigeria smartphone to President Muhammadu Buhari. ITF Mobile presented the locally made smartphone to President Buhari on Wednesday. The presentation was done at the State House in Abuja, the Federal Capital Territory (FCT). The presentation was made by the Minister of Industry, Trade …read more →

Banking and Finance News & Reports

N39 million for Grabs as Fidelity Promo Final Draw Holds July 22

Fidelity Bank Plc, top Nigerian lender, has announced plans to enrich the lives of fifteen Nigerians with a total of 39 million Naira at the final draw of the Get Alert in Millions Campaign (GAIM) Season 4 savings promo, slated for July 22, 2021. The savings promotion, which is specifically aimed at promoting the culture …read more →

AFRICAReports ENERGY News & Reports

Four Foreign Oil Firms Seek Stakes in Dangote Refinery as Completion Date Nears

Four foreign-based oil firms have shown interest in acquiring stakes in the Dangote Refinery, which is expected to be commissioned by the first quarter of 2022, according to a senior executive of the Dangote Group. Devakumar Edwin, Dangote Group executive director told Reuters that four oil firms, aside from the state-run oil corp, the Nigerian …read more →

AFRICAReports News & Reports

Shoprite Switches to franchise model as Ketron Investment Takes Over

Shoprite Shoprite Holdings Ltd., Africa’s largest food retailer, is changing its strategy “from an ownership model to a franchise model as it sells its Nigerian operations to local investors 16 years after it opened its first outlet in the continent’s most populous country. The company sold its stake to Ketron Investment Ltd., a Nigerian company …read more →

Banking and Finance Economy News & Reports

UBA, DEG Sign $50m Term Loan to Support Small Businesses in Nigeria

The United Bank for Africa (UBA) Plc, and Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution, have entered into a partnership aimed at supporting small and medium scale businesses (SMEs) in Nigeria. To this end, both institutions have signed a USD 50m Term Facility Agreement. The facility with a tenor of six years is …read more →

ENERGY News & Reports

Gov Ayade Tasks Youths on Renewable Energy

Cross River State Governor, Prof Ben Ayade, has challenged Nigerian youths to explore technological developments in the area of renewable energy. Governor Ayade gave the charge at a capacity building workshop on Small Hydro Power Plant for Renewable Energy Development in Calabar, organised by the United Nations Industrial Development Organization, UNIDO. The governor particularly tasked …read more →

Education News & Reports

Dangote Foundation, German Govt Invest €7 Million In Youth Technical Training

In collaboration with Aliko Dangote Foundation (ADF), the German government will spend €7 million to upscale the skills of young Nigerians in all the key sectors of the economy. The ADF has officially launched a technical training program in the country in partnership with Germany’s VDMA (the German Association for Mechanical and Plant Engineering) and …read more →