November 06
Nigeria: Omniretail Launches Franchise Business to Revolutionize FMCG Distribution in Nigeria
This Day
OmniRetail the fastest growing company in Africa according to Financial Times has created system leveraging their existing network of over 200 manufacturers, 144,000+ retailers,… Read more »
Nigeria: H1 - Banks' Average NPL Ratio Maintains Downward Slide Despite Inflation, Interest Rate
This Day
As against the prediction by leading ratings agency, Fitch that Nigerian banks' Non-Performing Loan (NPL) will increase in 2024, a total of 10 leading banks beat the odds in the… Read more »
Nigeria: Sanwo-Olu, Others Emerge Winners of 2024 Almond Insurance Awards
This Day
Organisers of the 2024 Almond Insurance Industry Awards have announced winners of this years various categories of the award which took place recently in Lagos, saying Governor… Read more »
Nigeria: FG Approves Redesign of Sections of Abuja-Kaduna Dual Carriageway
This Day
President Bola Tinubu has approved that the remaining 127 kilometres of the rehabilitation of the Abuja-Kaduna-Zaria-Kano dual carriageway be redesigned using Continuously… Read more »
Nigeria: Stock Market Gains N131bn After Six Days of Losses
This Day
The stock market segment of the Nigerian Exchange Limited (NGX) yesterday gained N131 billion in market capitalisation to halt a six-day losing momentum. Read more »
Nigeria: We're Exploring Options to Ramp Up Revenue for FG - Senate
Daily Trust
The Senate has said it is reviewing policies and exploring trajectories to ramp up revenue for the federal government. Read more »
Nigeria: FRSC to Buy Choppers for Patrol
Daily Trust
The Federal Road Safety Corps (FRSC) has said it will soon purchase choppers for patrol operations through private public partnership arrangement. Read more »
West Africa: Nigeria Woos Foreign Investors to Unlock Oil, Gas Output, Reserves
Vanguard
·FG has provided policies, incentives -- Special Adviser Read more »
Nigeria: Lafarge Grows Profit By 200 Percent to N52.2bn in 9mths
Vanguard
Lafarge Africa Plc has recorded N52.2 billion operating profit in the third quarter result ended September 30 2004, up by 200% from N17.064 billion in the same period of 2023. Read more »
Nigeria: FCCPC to Discos - Replace Prepaid Meters Without Billing Consumers
Vanguard
....Tasks DisCos on band migration, metering Read more »
Nigeria: Deregulation Not Licence to Blend Off-Spec Products, Dangote Tells Pinnacle Oil
Vanguard
Dangote Petroleum Refinery and Petrochemicals has advised Pinnacle Oil and Gas Limited that deregulation should not be used as a justification to import off-spec petroleum products… Read more »
Nigeria: Apapa Customs Records Over N1.8trn Revenue in 10mths
Vanguard
·Confiscates 6 containers of expired pharmaceuticals Read more »
Nigeria: Fire Destroys Chemical Tanks in Kano Coy
Daily Trust
A fire outbreak has destroyed tanks containing inflammatory chemicals at the old North Brewery company in Bompai industrial area of Kano State. Read more »
Nigeria: Lotus Bank Grows Balance Sheet to N350bn in 3 Years
Daily Trust
Lotus Bank yesterday gave an account of its performance three years after starting operating as a national Non-Interest Bank (NIB), saying its balance sheet grew from N30bn at the… Read more »
Nigeria: How We Invested FG's Business Grant - Kaduna Entrepreneurs
Daily Trust
The federal government through its Presidential Grants and Loans Scheme for Small and Medium Enterprises (SMEs) has empowered 114 entrepreneurs with business grants in Kaduna. Read more »
Nigeria: Nigeria Develops National Blue Economy Strategy
Daily Trust
Nigeria's maritime and blue economy sector is set to get a significant boost following the development of the National Blue Economy strategy, which will serve as a roadmap for… Read more »
West Africa: Nigeria Must Leverage Its Investments in Space Sector
Daily Trust
By the deadline of December 6, 2024, Nigeria could lose $400 million for two of the three orbital slots granted it by the International Telecommunication Union (ITU) for satellite… Read more »
Nigeria: FCCPC to Sanction Discos for Arbitrary Billing
Daily Trust
...orders Ikeja, Eko DisCos to halt Unistar meter installation Read more »
Nigeria: Ike Neliaku - A Pragmatist At the Helm of NIPR
Daily Trust
Since assuming the role of President of the Nigerian Institute of Public Relations (NIPR) in August 2023, Dr. Ike Neliaku has exemplified a pragmatic leadership style that has… Read more »
West Africa: Nigeria Hopes for 6 Additional FIFA-Approved Stadia
Daily Trust
The Chairman of the National Sports Commission, Mallam Shehu Dikko, has stated that President Bola Ahmed Tinubu's vision is for Nigeria to have at least six fully functional,… Read more »
Zimbabwe: Russia Seeks Labour From Zim to Boost Human Capital
The Herald
Russia is seeking labour from Zimbabwe to boost its human capital, especially in the construction sector, which is experiencing a boom as the country defies Western sanctions. Read more »
Zimbabwe: Construction of Mbare Market Temporary Structure Begins
The Herald
Construction of the temporary traders' market at Mbare Musika in Harare by Masimba Holdings has started. Read more »
Ethiopia: Ethiopian Airlines Introduces Africa's First Airbus A350-1000 Into Its Fleet
New Times
Ethiopia's national flag carrier and largest Airbus operator in Africa, Ethiopian Airlines, has taken delivery of its first of four A350-1000 from Airbus in Toulouse, France, it is… Read more »
November 05
Nigeria: Nigeria Frees 119 People Charged With Treason Over Cost of Living Protests
RFI
A Nigerian court freed 119 people including minors on Tuesday, after the authorities dropped charges against them arising from deadly protests in August against economic hardship. Read more »
Africa: African Countries Shouldn't Have to Borrow Money to Fix Climate Damage They Never Caused - Economist [analysis]
The Conversation Africa
As we approach the global annual climate change conference, COP29, the need for increased public finance from the global north to address climate adaptation in Africa has become… Read more »
