Carlyle Group Invests $147Million in Diamond Bank Nigeria

The Carlyle Group has invested $147 million in Nigeria’s Diamond Bank. The investment came through the Bank’s recently completed $305 million rights issue. Genevieve Sangudi, MD and Head of West Africa for the Carlyle Sub-Saharan Africa Fund, said: “ Nigeria has been the largest and one of the fastest growing economies in Africa, and Diamond… Read More »

Security Alerts- Sending Money to Ghana

If you want to send money to your family, friends or colleagues in Ghana from a foreign country (may be USA), please choose wisely the medium to transfer from. In general, the West African region has recorded a high threat in terms of scams and frauds. Many people in different parts of the world have… Read More »

Yakata Sales: Konga delivers biggest online sales in one day

Just a few hours into the launch of ‘Yakata’, Konga’s version of the global ‘Black Friday’, the largest online mall in Nigeria recorded a massive flood of eager shoppers on the site as many Nigerians are leaving no stone unturned in making away with the biggest deals of the year. The Sales kicked off yesterday,… Read More »

76% of Mobile Phone Users in Nigeria Use MTN as Their Major Line

A survey of the telecommunication sector has revealed that a higher proportion of Nigerians use two phone lines, with 76 percent having MTN as their main line. The result of the survey by NOI Polls in Abuja shows that subscribers use two phone lines either registered under one network provider or under two different ones,… Read More »

FG to Spend N9.2 billion on Cooking Stoves and Wonder Bags

I don’t believe it! Kai which kin thing be this naa? According to reports on Punch Newspapers, the Federal Executive Council yesterday (Wednesday 26th November, 2014) approved the purchase of N9.2bn worth of cooking stoves and ‘wonder bags’ for rural women under the National Clean Cooking Scheme. What is National Clean Cooking Scheme? National Clean… Read More »

Use this Mathematics Formula To Find Your Ideal Spouse

I saw this information on Business Insider, this hilarious Maths formula can help you find or identify your life partner/spouse. Some people believe that when you find the right person you just know. The rest of us could use a little help figuring out how to choose the right spouse. You can actually optimize your… Read More »

Samsung Introduces new memory cards in Africa

Samsung Electronics, has announced the availability in South Africa, of its new memory card line-up, featuring Standard, EVO and PRO versions of all its SD cards and microSD cards. The range covers a diverse set of requirements for both general and professional users and provides remarkable performance and reliability, ensuring exceptional storage for a variety… Read More »

35,000 Euros plus Possible Internship up for Grabs in the 2015 Ericsson Innovation Awards

The Ericsson Innovation Awards is an opportunity for students and young people interested in change, developing ideas, putting theories to the test and exploring challenges as a pathway to their future career in the Networked Society. How to Participate To take part you have to register a team first. Find out about who can enter… Read More »

What the Devaluation of the Naira by Central Bank Means (in Layman’ Terms)

If you follow the economic events in the country by now you must have heard by now that the Central Bank of Nigeria devalued the naira. A lot of analysis and high sounding words are being thrown about by economists and finance experts. All these sound like greek to you and me so we went… Read More »

Nigeria Ranks 133rd in Global ICT Development Index (IDI)

Nigeria, has been ranked 133rd in the 2014 global ICT Development Index (IDI), with an IDI value of 2.35. This is a slight improvement over her rank and score of 135 and 2.14 respectively in 2012. The ICT Development Index (IDI) is a composite measurement that ranks 166 countries according to their level of ICT… Read More »

Over 197,000 US Visa Applications Processed in Last One Year

The United States Diplomatic Mission to Nigeria says it has witnessed a steady increase over the past five years on the number of people seeking visas into the United States of America. According to US Embassy Consular Chief Stacie Hankins over 197,500 visa applications were processed last year including immigrant and non-immigrant applications. The embassy… Read More »

49 million inactive phone lines in Nigeria Q3 2014

According to Nigerian Communications Commission (NCC) total of 49,641,091 phone lines in Nigeria were dormant at Q3 2014. The relative dormancy of phone lines is one of the key highlights of the telecoms numbers showing the gap between the 184,148,420 connected lines and 134,507,329 active lines, the latter representing lines that actually generate revenue for… Read More »

CBN Devalues Naira

With the dwindling oil prices around the world, devaluation of Naira has to be done coupled with the facts that Nigeria’s foreign reserve has dropped drastically. Indications had shown that Central Bank governor Godwin Emiefule was going to devalue the Naira in order to save the economy and this has been done. According to reports… Read More »

FG Bans Mobile Phones Use in Prisons

Apparently in response to the recent spate of prison breaks in the Nigerian prison service the Federal government has ordered a ban on use of mobile phones across all prisons in the country. Minister of Interior, Comrade Abba Moro, who announced this also urged prison officials to create a meeting platform where those who work… Read More »

Nigerian Communications Commission Shut Down Owntel Communications for Operating without License

The Nigerian Communications Commission (NCC) has clamped down on Owntel Communications for allegedly offering telecommunications services to customers, without obtaining requisite operational licence to do so. Salisu Abdul, head of enforcement, who led the NCC enforcement team, visited the office of Owntel on Isheri Road in Ojodu, Lagos, where it confiscated some of its equipment… Read More »

9ice Rides Horse to Submit Nomination Form

Abolore Akande (popularly known as 9ice) who climbed into music limelight on his Gongo Aso track has taken his new political ambition to another publicity stunt level. The House of Representative hopeful on the platform of All Progressive Congress reportedly rode on a horse to submit his nomination form at the party secretariat. 9ice is… Read More »

350,000 New Jobs Created in Nigeria in Q3, 2014 – National Bureau of Statistics (NBS)

The National Bureau of Statistics has released the latest figures on job creation in the Nigerian economy for the third quarter of 2014. According to the numbers released a total of 349,343 jobs were created in the 3rd quarter of 2014 as against 259,353 jobs created in the second quarter of 2014. This marked an… Read More »

Nigeria to Cut Petrol Subsidy by Half in 2015

Reuters reports that as a result of the sharp falls in global crude prices the Federal government is planning to revise its 2015 budget downwards and cut subsidies on petroleum products by up to 50% next year. President Goodluck Jonathan submitted the revised budget figures to legislators last week, proposing to spend 458.68 billion naira… Read More »

October 1 Movies Wins Best Feature Film Award at the Africa International Film Festival (AFRIFF)

The well received October 1 movie produced by Kunle Afoloyan has been adjudged the best feature film of the 2014 edition of the Africa International Film Festival (AFRIFF) which held in Calabar, Cross River State between November 9 and 16, 2014. The movie, starring Sadiq Daba in the lead role of Inspector Waziri, was voted… Read More »