Port Harcourt News

Aliko Dangote, CEO, Dangote Group

Aliko Dangote: In for the long haul

Aliko Dangote, Africa’s richest man, is optimistic that the only place to invest in today is Africa.

GE proposes investing in Nigeria's oil refineries

GE proposes investing in Nigeria's oil refineries

General Electric Co has proposed investing in Nigeria’s oil refineries, potentially convening a consortium of companies to improve capacity at the facilities.

Juliet Anammah, CEO, Jumia Nigeria

How e-commerce can lift Nigeria's economy: Juliet Anammah, CEO, Jumia Nigeria

Juliet Anammah, Jumia’s CEO, Nigeria‘s leading online shopping platform, cut her teeth in corporate management at May & Baker Plc where she worked for eight years. Her experience in strategic management at Accenture equally molded her for the challenging task of ensuring that Jumia succeeds in Nigeria.

Here are the top 10 Sub-Saharan African cities for consumer spending growth (Infographic)

Here are the top 10 Sub-Saharan African cities for consumer spending growth (Infographic)

An extensive overview of 24 first- and second-tier cities in Cameroon, Kenya, Nigeria and South Africa in a recently published white paper reveals particularly dynamic growth shifting from the region’s mature consumer markets in South African metropolises to the urban areas in other Sub-Saharan countries.

Diane Radley, Old Mutual Investment Group

Why Old Mutual is investing millions in Nigeria's property and agriculture markets

This month, South African financial services firm Old Mutual Investment Group announced a partnership with Nigeria’s sovereign wealth fund for the investment of US$700m in real estate and agriculture.

A scene from the Lagos set of “Walking Away”, a film from ROK Studios and Divine Touch Productions.

The Netflix of Africa Doesn't Need Hollywood to Win

Walter Taylaur, a gangly, gregarious Nigerian writer-director, needed a place to shoot his movie, Gbomo Gbomo Express, a low-budget “comedy-thriller.” In the movie, the head of a music label hits it off with a socialite while out on the town in Lagos.

Chibundu Onuzo: ‘I discovered I was black when I moved to Britain 10 years ago.’ Photograph: Geraint Lewis/REX/Shutterstock

Yes, I'm black. But an ethnic minority? Forget it: Chibundu Onuzo

I discovered I was black when I moved to Britain 10 years ago. Before that, I was happily Nigerian when it came to my nationality, happily Igbo and Yoruba when it came to my ethnicity, and happily Lagosian when it came to my urban affiliation.

AG Mobile launches mobile phones and tablets in Nigeria

AG Mobile launches its mobile devices in Nigeria

African mobile technology brand AG Mobile has launched in Nigeria. AG Mobile is one of Africa’s first original design manufacturers and was the first South African company to build a mobile device in 2007.

Nigerian billionaire Abdulsamad Rabiu, Chairman, BUA Group. Credit: forbes.com

Nigerian billionaire Abdulsamad Rabiu sells flour milling business to Singapore's Olam for $275M

BUA Group, one of Africa’s largest food and infrastructure conglomerates, has sold its flour business to Olam International of Singapore for $275 million.

A view of the Yaba district in Lagos, home to Nigeria's dominant start-up scene (Reuters/Akintunde Akinleye)

Why Nigeria's newest startups are sprouting up outside the megacity of Lagos

Even though Nigeria is Africa’s largest economy, Lagos, its commercial capital, still has a disproportionately strong hold over all business sectors.

Delta Mall, Warri, Nigeria. Credit: estateintel.com

Resilient Africa is Investing $271M in shopping malls across Nigeria

By year-end 2016, Resilient Africa is set to have invested $271m developing shopping malls in 2nd tier cities across Nigeria.

Oando petrol station

Nigeria's four refineries to resume production next month, says NNPC official

Nigeria’s four refineries will resume production next month, a spokesman for the state-run oil group said Thursday, raising hope of an end to perennial petrol shortages that have plagued Africa’s largest crude producer.

Mango Airlines

10 budget airlines changing Africa's skies

Traveling across Africa’s huge distances can be expensive. Not that long ago, getting from one city to another often meant a connection in Europe. That’s finally changing.

Jeff Corey, Chief Operating Office, Seven Energy

Seven Energy Seeks Nigeria Partnership to Boost Gas

Nigeria’s Seven Energy International Ltd. may seek to enter partnerships with other companies to expand gas production to meet rising demand from power plants and industries in Africa’s largest economy.

Nigeria's President-Elect Muhammadu Buhari. Photographer: Stringer/AFP/Getty Images

Buhari pursues cabinet to boost Nigeria's economy and battle Boko Haram

Muhammadu Buhari’s election victory over an incumbent president was unprecedented in Nigerian history.

Africa Internet Group's new offices in Yaba, Lagos, Nigeria

Check out Africa Internet Group's new offices in Yaba, Lagos, Nigeria (Video)

Africa Internet Group (AIG) recently moved its office to Yaba, Lagos, Nigeria. The new office houses six of AIG’s ventures, namely Easy Taxi, Lamudi, Carmudi, HelloFood, Kaymu, and Jovago.

Mitchell Elegbe, Group Managing Director, Interswitch

Nigeria's Interswitch launches $10M venture capital growth fund targeting epayment startups. Invests $850,000 in Africa Courier Express (ACE)

Interswitch, a leading pan-African integrated payment company, has announced the launch of a new $10 million ‘ePayment Growth Fund’.

Taxi tricycles drive past campaign billboards and banners in Otuoke, the home town of Nigerian President and People's Democratic Party (PDP) election candidate Goodluck Jonathan in the Niger Delta region, on January 27, 2015 (AFP Photo/Pius Utomi Ekpei)

Nigeria's Goodluck Jonathan takes election campaign to key oil region

Nigeria’s President Goodluck Jonathan on Wednesday took his re-election campaign to the Niger Delta, knowing that victory in the key oil region will help determine the winner of next month’s vote.

Ngozi Okonjo-Iweala, Nigeria's Minister of Finance

He was Nigeria's worst Central Bank Governor ever, says Ngozi Okonjo-Iweala, Nigeria's Minister of Finance, about Charles Soludo, former Central Bank Governor

The Minister of Finance, Ngozi Okonjo-Iweala, on Wednesday took the former Central Bank of Nigeria, CBN, Chukwuma Soludo, to the cleaners over his criticism  of President Goodluck Jonathan’s management of the country’s economy.

Lagos State Governor Babatunde Fashola (Right) with Nigeria's President Goodluck Jonathan. Photo Credit: Akintunde Akinleye/Reuters

Nigeria: High stakes in key states vote

As partisan, personal and religious rivalries grow, the two main parties are heading towards state elections that will be as closely fought as the presidential vote.

Mutiu Sunmonu, former Managing Director of Shell Nigeria

Shell appoints Osagie Okunbor as new Managing Director for Nigeria, replacing retiring Mutiu Sunmonu

Royal Dutch Shell has appointed Osagie Okunbor as the new Managing Director of its Nigerian subsidiary, the Shell Petroleum Development Company of Nigeria Ltd (SPDC).

Goodluck Jonathan at the election campaign rally in Lagos. Photograph: Sunday Alamba/AP

Nigerian president Goodluck Jonathan begins re-election campaign

Nigeria’s president, Goodluck Jonathan, formally began his campaign for re-election on Thursday, taking the fight to a key opposition stronghold with a mass rally.

Transcorp Hilton Abuja, Nigeria

Nigeria's Transcorp Hotels raises NGN 4.2B (USD 23M) from IPO

Transcorp Hotels has raised NGN 4.2B (USD 23M) from its recent initial public offering (IPO), indicating a 52 percent subscription level.

Ceddi Plaza, Abuja, Nigeria

New generation of Nigerian consumers is drawing retailers from all over the world

At the turn of the century well-off Nigerians struggled to shop in style. Most had to jostle in local markets to buy food or travel to the UK, US or Middle East to replenish their wardrobes.

Palms Shopping Center, Lekki, Lagos, Nigeria

Global brands and mall developers eye Nigeria's fast-growing market

The appetite of Nigerians for modern retail is growing faster than developers can build space, with international brands clamouring for places they can open stores.

Osita Chidoka, Nigeria's Minister of Aviation

Nigeria is in talks with investors to set up national carrier airline: Osita Chidoka, Nigeria's Minister of Aviation (Video)

Nigeria is in talks with potential local and global investors to set up a national airline which is expected to launch in 2-4 years.

The Nigerian writer Chimamanda Ngozi Adichie at the Hay Festival in 2012

Continental drift: Africa39, an anthology of writing from south of the Sahara, is too good to miss

In 2007, Britain’s Hay Festival collaborated with the Unesco World Book Capital project to publish Bogotá39, a literary collection that showcased the talents of 39 Latin American writers under the age of 40.

First Consultants Hospital, Lagos, Nigeria

A callout of the American press reporting on Nigeria being "Ebola-free"

Nigeria has been declared Ebola-free.

Empty Ebola ward in Abuja, Nigeria

How Did Nigeria Quash Its Ebola Outbreak So Quickly?

On July 20 a man who was ill flew on commercial planes from the heart of the Ebola epidemic in Liberia to Lagos, Nigeria’s largest city.

Checking passengers for infection at International Nnamdi Azikiwe Airport in Abuja, Nigeria, on August 11, 2014.

Nigeria's Ebola crackdown is an example to the world

The public health crackdown on Ebola in Nigeria, which has been declared free of the virus, serves as a model for the rest of the world.

People walk past an information board on Ebola at a bus terminal in the Obalende district of Lagos, on Oct. 20, 2014. Africa's most-populous nation was on Monday declared officially Ebola free.

WHO Cites Nigeria's Response to Halt Ebola as Blueprint

Nigeria’s success in stopping Ebola shows how the virus can be stamped out and is a blueprint for other developing countries at risk of the disease, according to the World Health Organization.

Africa

The IMF Says The World's In A Mess - But Not Africa

The IMF’s latest World Economic Outlook makes sobering reading for most of the world.

Tomi Hodonu, General Manager, Cheki Nigeria

We plan on listing 25,000 cars by the end of the year: Tomi Hodonu, General Manager, Cheki Nigeria & Ghana (Video)

Tomi Hodonu, General Manager of cheki.com.ng, gives us a behind the scenes look at this fast growing online market place that brings car buyers directly to sellers at just the click of a button.

Transcorp Hilton, Abuja, Nigeria

Transcorp Hotels plans close to $50M IPO to develop new luxury hotels in Nigeria

Transcorp Hotels Plc will invest the proceeds of an 8 billion naira ($49 million) initial public offering into two new luxury Nigerian properties as the operator seeks to exploit a rise in international travel

Gilat Satcom

Israeli company Gilat Satcom expands its fiber network into and within Nigeria to meet growing demand from businesses of all sizes

Gilat Satcom, a leading provider of satellite and fiber-based connectivity services in Africa, Asia and the Middle East, today announced new fiber routes within and beyond Nigeria.

Three Nigerian city clusters that will increasingly compete with Lagos

Three Nigerian city clusters that will increasingly compete with Lagos

Nigeria’s retail and wholesale trade industry has the potential to grow by 7.1% per year, and by 2030 could be the largest contributor to the country’s GDP, according to recent report by McKinsey Global Institute.

Alara, Victoria Island, Lagos, Nigeria

Redefining African Luxury in Lagos, Nigeria

Businesswoman Reni Folawiyo is building a concept store with celebrated architect David Adjaye on Victoria Island in Lagos. The mission? To redefine African luxury for Nigerians—and for the rest of the world.

Goodluck Jonathan

President Goodluck Ebele Jonathan ("GEJ") of Nigeria is clueless, incompetent, and callous: 35 reasons why this is a big lie

The Economist magazine recently published an article on Nigeria in which it described the government of President Goodluck Ebele Jonathan (“GEJ”) as “A clueless government”.