NITDA Establishes New IXPs to Boost Internet Penetration in Nigeria

Nigeria’s National Information Technology Development Agency (NITDA) is currently establishing various Internet Exchange Points (IXPs) across the country with the aim of boosting internet penetration in the country. NITDA director-general Cleopas Angaye said the agency would establish IXPs in all the six geopolitical zones. This he says will be done in collaboration with the private… Read More »

[PRESS] Guinness Nigeria Launches ‘Low Sugar” Malta Guinness Malt Drink

Major player in Nigeria’s beverage drinks industry Guinness Nigeria has formally launched Malta Guinness Low Sugar malt drink into the Nigerian market. The company says the Malta Guinness low sugar variant maintains high quality and is meant to enhance health of consumers who take it. Speaking at the launch last week in Lagos, Delvin Hainsworth,… Read More »

How to Hire the Most Innovative Job Candidates

Innovation is one of the key ingredients to a successful company; it’s relevant in every area from marketing to product development. An innovative mindset helps companies adapt to changes in the market, as well as meet the unmet needs of customers that are not currently served by competitors. But innovation also plays a role in… Read More »

How to Quickly Attract New Customers as a Start-Up Company

One recent article at AfricaEconomicAnalysis.org notes that the Nigerian economy, like many other economies worldwide, is upheld largely by small and medium sized businesses (SMEs) which employ 250 people or less. Lack of government support for SMEs can make starting a new company in Nigeria difficult, but it’s a worthwhile endeavor, as SMEs provide about… Read More »

Microsoft Launches a Social Network – So.cl

Microsoft has launched its own social networking site, so.cl The social website has been in beta since late last year and was tested by a handful of students at select universities. The site combines search and sharing for research purposes — making students the perfect group for testing the site. What is So.cl is all… Read More »

4 Creative Ways to Market Your Firm at Little or No Cost

Most modern businesses of a certain size will have their own marketing department – or at least a marketing professional on the books. In fact, despite the gloomy economic outlook for the next few years many firms upped their marketing spend in the last quarter of 2011, proving that many companies view marketing as a… Read More »

[PRESS] Etisalat Nigeria Introduces EasyBusiness Suite

Telecommunication company Etisalat Nigeria has introduced a product called EasyBusiness suite which it says is specially designed to lower costs for SMEs while increasing profit and providing value to businesses. According to Etisalat The EasyBusiness suite, which is a one-stop shop for communications needs of SMEs, is designed to cater for the needs of various… Read More »

How to Run a Super Effective Sales Promotion

Sales promotion is one of the several ways companies/corporations/business owners rewards their customers and in turn project their business to attract more customers. It is all communications activities that attempt to provide added value or incentives to consumers, wholesalers, retailers, or other organizational customers to stimulate immediate sales. The primary aim of every company running… Read More »

Federal Government Bans Use of Foreign Computers in Nigeria

In bid to encourage patronage of ‘Made-in-Nigeria’ products and foster growth in the local Information Communications Technology (ICT) industry Federal Government has moved to ban use of foriegn computers and technology products in public institutions. National Information Technology Development Agency (NITDA) revealed this at a two-day retreat on draft guidelines for home grown IT hardware… Read More »

Nigeria and Cameroon to Partner on Hydrocarbon Exploitation

President Goodluck Jonathan said in Abuja on Monday that Nigeria would take necessary steps to ensure exploitation of hydrocarbon resources along its border with Cameroon. Jonathan stated this when he received Mr Ahmadou Ali, Vice Premier of the Republic of Cameroon, who brought a special message from President Paul Biya. “We shall consider the proposals… Read More »

Nigeria to Generate 75% Electricity From Natural Gas

The Minister of Power, Prof. Barth Nnaji, has revealed that Federal Government has put plans in place to generate 75 per cent of the country’s electricity requirements from natural gas. Nigeria currently has gas deposit of 184 trillion cubic feet, making it the 7th largest gas reserve in the world. Speaking during the opening session… Read More »

We Support Illegal Refineries – NACCIMA

Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Federal government to legalize illegal refineries. NACCIMA argued that legalizing illegal refineries would boost local supply capacity of petroleum products, reduce prices and create jobs. Illegal refineries are very common in Niger Delta region of the country, over the years… Read More »

Nigerian Communication Commission Fine 4 Telecom Operators for Poor Services

The Nigerian Communications Commission (NCC)has announced penalties against four operators of the Global System for Mobile Communication (GSM) in the country, namely MTN, Etisalat, Airtel and Globacom. According to NCC the four companies are to pay N1.1 billion as penalty for persistent drop in the quality of their services to subscribers between March and April… Read More »

Total Market Capitalization of Nigerian Stock Exchange Increases by 3.26% March 2012

According to the NSE report, the total market capitalization of the 259 listed securities appreciated by 3.26 per cent or N377.83 billion in March 2012 to N11.95 trillion from N11.54 trillion recorded in February 2012. The 199 listed equities accounted for N6.55 trillion, up by 3.34 per cent from the N6.35 trillion recorded in February… Read More »

Top Most Capitalized Banks in Nigeria for March 2012

According to the NSE report for the month of March 2012, GT Bank, Zenith Bank and First Bank topped as the most capitalized banks on the Nigerian Stock Exchange. GT Bank recorded a market capitalisation of N397.03 billion. Zenith Bank recorded a market capitalization of N389.32 billion First Bank recorded a market capitalization of N327.3… Read More »

[PRESS RELEASE] Airtel Strengthens Network with New Green Data Centre

Lagos, May 9, 2012: To enhance network and billing services to its customers, leading telecommunications services provider Airtel Nigeria Wednesday commissioned a new state of the art data centre in Lagos. The “next generation Data Centre”, according to Airtel Networks Limited Chairman Dr. Oba Otudeko, CFR, “is the biggest Data Centre in Airtel Africa with… Read More »

Senegalese Replace Oby Ezekwesili as World Bank Vice President, African region

Soon after choosing a new President to head its affairs The World Bank has announced that it has appointed Mr Makhtar Diop, a Senegalese national as the new vice president for the African region. With this appointment Mr Diop replaces Ms Obiageli “Oby” Ezekwesili, a Nigerian, who was appointed to the position in 2007 and… Read More »

US Oil Producer ConocoPhillips Seeks to Sell Off $1 Billion Worth Nigerian Assets

ConocoPhillips (COP), the largest U.S. independent oil and natural-gas producer, is seeking a buyer for its Nigerian properties in a sale that may fetch $1 billion. This much was revealed by John McLemore, a ConocoPhillips spokesman who confirmed the assets were on the block in an e-mail today, following a report by Reuters. The Houston-based… Read More »