Accelerate LABS and Microsoft
Business and Economy

Miscrosoft to Empower Entrepreneurs From Accelerate LABS

Project Lead of The Future Project, Bukonla Adebakin said, “Our quest to identify, spotlight, and support the most innovative entrepreneurs with impactful ideas has taken us to all the corners of the country including Abuja, Edo, Enugu, Kaduna, Bauchi and now, Lagos. Getting the best young minds across the country to showcase their ideas have been a fascinating experience as well as an eye-opening one as we have seen them accomplish mind-blowing feats.” Read more…

Hotels in Nigeria with Special Goodies
Awards and Winners

Nigeria Tops Hotel Development in West Africa

The survey showed Nigeria, one of the economic giants of Africa, has the largest hotel pipeline in West Africa and the second largest on the continent, with the concentration being in Lagos and Abuja, the commercial and political capitals, respectively. Read more…

Travel By Train in Nigeria
Business and Economy

Rail Revolution Takes Center Stage In Nigeria

The Abuja Monorail project will be commissioned during the second quarter of 2018. The first phase of the 45-kilometre rail project has 12 rail stations and connects the Nnamdi Azikiwe International Airport to Abuja’s Central Business District. Read more…

Nigeria Oil Industry - Latest News - Headline - Nigeria Rendezvous
Business and Economy

Political Godfathers Decide Nigeria’s Oil Fate

By 0500, in the darkness before dawn, the ships uncouple from the barges and move out in a convoy to sea to rendezvous with a tanker which will spirit away the stolen oil, making it disappear into another cargo, bound for sale on the world market. It is likely the tanker arrived partly loaded with guns, cocaine to be trafficked into Europe and cash, which they will use to pay for the oil. Read more…

Nigerians Electricity - NERC - Nigeria Electricity
Breaking News

Nigerians to Pay More For Electricity: Here’s Why

In 2015, NERC had outlawed “fixed charge” from tariffs, abolishing the monthly average of N750 added to customers’ bills whether or not they use electricity. NERC’s latest regulation came into effect on March 8, 2018 and will be enforced by the commission from April 3, 2018. On March 12, 2018, Dafe Akpeneye, NERC’s commissioner, legal, licensing and compliance, unveiled the new regulation in Uyo, Akwa Ibom state. Read more…

Nigeria Oil Industry - Latest News - Headline - Nigeria Rendezvous
Business and Economy

After 17 Years Parliament Passes Major Nigeria Oil Reform Legislation

“The PIGB, as passed yesterday, is the same as passed by the Senate. We have harmonized everything and formed the National Assembly Joint Committee on PIB,” Alhassan Ado Doguwa, a key PIB lawmaker. Uncertainty over terms affecting taxation of upstream oil development has been the main sticking point holding back billions of dollars of investment for the oil industry. This will be addressed later in an accompanying bill. Read more…

Nigerian Stock Exchange NSE - Latest News - Headline - Nigeria Rendezvous
Business and Economy

Nigerian Stock Exchange (NSE) to Be Publicly Listed

The Nigerian Stock Exchange (NSE) expects a bill that will allow it to be publicly listed will be signed into law this year, its chief executive Oscar Onyema said on Tuesday. The second-biggest exchange in sub-Saharan Africa after Johannesburg and a main entry point for investors in Africa, the Nigerian bourse last year got a green light from its members, mostly stockbrokers and some institutional investors, to become a publicly listed company. Read more…

Breaking News

Genetically Modified Cassava Test Endorsed in Nigeria

A research scientist, Paul Onyenekwe, has described the approval granted to two international agencies by a Nigerian regulatory agency to test run some genetically modified cassava in Nigeria as a welcome development. Mr. Onyenekwe, the President of Nigeria Biotechnology and Biosafety Consortium, NBBC, was reacting to criticisms levelled against the approved field trials by some civic groups. Read more…