Business Hilights

Tracking Nigeria's Headline Business News Online

Month: November 2016

NCC Danbatta
ICT

NATCOMS chides NCC over data tariff hike as Etisalat joins MTN to issue notice

More experts and interest groups have continued to raise objection to the recent notice by both MTN and Etisalat to subscribers bordering on intent to jerk up tariff of dtata services by December 1, 2016. In a communiqué after its…

samsung
ICT

Nigerian celebrities lead new Samsung campaign, ‘Open Your Mind’

Leading electronic device manufacturer, Samsung is now deepening its commitment to producing innovative, life-changing products and services as it begins new campaign tagged, “Open Your Mind” to drive brand loyalty. Details from Samsung Electronics West Africa show that the campaign…

30.26m accounts with over N650bn, $7bn apparently trapped by BVN since Oct 1

Credible indications have emerged that many Nigerians may not have heard that since the effective date for the enforcement of Bank Verification Number (BVN) by the central Bank of Nigeria (CBN), October 1, 2016, about 30.26 accounts scattered in all…

Ambode presents 2017 Golden Jubilee budget, capital takes lion share of 63%

Lagos State governor, Mr. Akinwunmi Ambode Tuesday presented 2017 budget valued at about N812.99b for next financial year in the state to the State House of Assembly for approval. Christened:  “Golden Jubilee Budget,” preliminary details show that it is N150.4…

Encourage entrepreneurs, Elumelu urges FG, states

Disturbed by growing scarcity of enterprise encouraging environment for Nigerian youths, Chairman of the United Bank for Africa (UBA) Group, Mr. Tony Elumelu, has urged government at all levels to create an enabling environment capable of spuring the youths to…

Union Bank’s elite banking service to go nationwide soon— Odulate

Head, Elite and Royalty Banking at Union Bank of Nigeria Plc, Dayo Odulate has revealed that plans are underway to extend its new product, Elite Banking segment to all branches nationwide from next year. The deal is part of continuous…

Fears as Senate seeks total ban on ‘Tokunbo car’ next year

The Senate Committee on Privatisation has given indications that it will propose a complete ban on the importation of used cars from next year to provide growth access for indigenous auto companies. Accordingly, it has charged local automakers to manufacture…

Ali fails to hit 2016 target of N2tn, generates over N600bn

Contrary to his entry promises and assurances that his anti corruption drive and sanitation of the Nigerian Customs Services (NCS) will jerk up 2016 revenue generation to about N2tn, the Comptroller-General of NCS, Hameed Ali, has said though the service…

Transport

NASS’ll support NIMASA’a rebuilding process

The House of Representatives Committee on Maritime Safety, Education and Administration has voted support for the rebuilding efforts of the Nigerian Maritime Administration and Safety Agency (NIMASA) in its quest to reposition, reform and restructure for the benefit of the…

Transport

Honour your deal with Bi-Courtney before any other concession, Senate tells Minister

Following series of explanations and presentation by the chairman of Bi-Courtney, Barr. Wale Babalakin, the concessionaire of Muritala Muhammed Airport Terminal 2 before the Senate, the Senate Committee on Privatisation has in unison, told the Minister of State for Aviation,…