Quanta, an Isle of Man company, is acquiring a major stake in Nigeria's International Lottery and Gaming Limited (ILGL). It is the world's first example of a blockchain company acquiring a traditional lottery enterprise.
Nigeria Tender and Business News
The "Desert to Power Initiative", an ambitious plan to eliminate energy poverty in Africa and provide 10 GW of solar energy by 2025 and support 250 million people with green electricity, was just unveiled at the Paris Agreement climate change talks at COP24.
To support entrepreneurial skills development and growth in Nigeria, GE Nigeria, part of GE worldwide, just launched an e-learning portal for its Lagos Garage advanced manufacturing training program.
Africa's mobile phone market growth rate has flattened out, as evidenced by the latest figures just announced by International Data Corporation (IDC), which show the African mobile market went down by 2.1% quarter-on-quarter (QoQ) for Q3 2018.
Thanks to the March 2018 signing of the African Continental Free Trade Agreement AfCTA in Kigali, Rwanda, Africa will soon become home to the largest free trade area in the world.
According to consulting group PwC's just-released annual Africa Oil & Gas Review, the outlook for the continent's oil and gas industry is favorable over the near term. The reason is the industry has been aggressively cost-cutting as price pressures grew tighter.
Oranto Petroleum, headquartered in Abuja, Nigeria, just signed off on a Memorandum of Understanding with the Republic of Niger, with the goal of soon signing production sharing contracts in Blocks R5, R6, Dibella and Dallol on the Tenere and Agadem Basins in Niger.
A new ruling by the Executive Committee of the African Union greatly restricts the authority of the ACHPR in its fight to stop human rights abuses across Africa.
Nigeria's Fidelity Bank Plc just received a US $50 million line of credit from the African Development Bank (AfDB) to help develop small-to-medium-sized and women-owned enterprises in certain targeted business sectors.
In a move the government says will help deter corruption, on October 13 the government of Nigeria banned travel for fifty well-known politicians in the country.
The Export-Import Bank of China (CEXIM) has provided Africa Finance Corporation, a major infrastructure development finance institution serving all of Africa and based in Nigeria, with a US $200 million 5-year loan and a US $100 million 5-year standby facility for corporate purposes.
According to a new report by PwC, Africa's entertainment and media industry, already recognized as one of the fastest growing and innovative regions in the world for media and entertainment opportunities, has entered a dynamic new phase -- a third wave of convergence.
According to a new report by the World Bank in the October 2018 issue of Africa's pulse, sub-Saharan African economies are still struggling after the significant slowdown they suffered in 2015-16.
Operators of a Swiss merchant vessel traveling in Nigerian waters have confirmed the capture of the vessel by oceangoing pirates on September 22.
The African Development Bank has authorized the release of $58 million for the Off-Grid Energy Access Fund (OGEF) in Nigeria.
President Muhammadu Buhari of Nigeria will be signing a historic financing agreement with Chinese President Xi Jinping this week, to support building Nigeria’s nationwide Information and Communication Technology Infrastructure Backbone Phase 1 (NICTIB 11) project.
The Off-Grid Energy Access Fund (OGEF) just received a total of US $58 million from the Nordic Development Fund, the African Development Bank, the Shell Foundation of the Netherlands, and other partners.
In an unusual collaboration of technology and the fashion industry, Siemens of Germany used data from the cities of Lagos, Nairbi, and Johannesburg to weave unique fabrics which tell a story about each industry.
German pharmaceutical company Boehringer Ingelheim recently announced a new initiative targeting providing quality human and animal healthcare within the African continent. It's called "In Reach Africa".
Dangote Industries Tanzania, part of Nigeria's Dangote Corporation, has inked a new deal with Tanzania Petroleum Development Corporation to fuel Dangote's Mtwara cement plant using lower cost natural gas as opposed to the the current use of far more expensive diesel.
Lagos, Nigeria based TAGET Media, previously a brand strategy company, is expanding its offerings by adding Digital Marketing Services targeted for small-to-medium sized businesses.
A well-known Mobil gas station beside the Oshodi-Gbagada Expressway in Lagos is the center of a legal fight involving two major regional oil companies.
The Nigerian National Petroleum Corporation, NNPC, has awarded a total of 14 scholarships for Persons With Disabilities (PWD) in the Delta region of Nigeria.
Oradian, a Zagreb, Croatia based digital financial services company, has formed a strategic partnership with the Association of Non Bank Microfinance Institution of Nigeria (ANMFIN) to boost financial inclusion throughout Nigeria.
Togo-based Ecobank, an independent pan-African banking group, has selected the finalists for its 2nd annual Ecobank Fintech Challenge, a competition for Africa-focused technology startups.