Business Hilights

Tracking Nigeria's Headline Business News Online

Month: November 2016

Aramex rebrands, plans more for logistics, transport sector in Nigeria

Leading provider of logistics and transportation solutions, Aramex has consolidated its confidence in the ability of the Nigerian economy to bounce back as soon as possible. The Chief Executive Officer of the company, Hussein Hachem, at the event said, “Our…

MTN shop
ICT

MTN hikes bundle rates Dec 1, jerks up interest rate on borrowed credit to 15%

Relying on what it quoted as the new rates set by the Nigerian communications Commission (NCC) to operators, market leaders in telecoms services both in voice and data, MTN Nigeria has given indications that it will increase tariffs in select…

Yudala logo
ICT

Clergy commends, prays for Yudala over ZeroGravity tour, impacts

Senior Pastor of Living Faith Ministries, Abakpa Nike, Enugu, Pastor Pius Ndubueze has commended Yudala, Nigeria’s leading online and offline retailing giant over the recently concluded tour of three cities where inspirational music blasts trilled mammoth crowds. In a letter…

ICT

Ghana seeks amendment of laws to eliminate unsolicited messages, calls

Ghana’s National Communications Authority (NCA) has begun a public consultation process that seeks to amend and tighten the existing Unsolicited Electronic Communication (UEC) Code of Conduct to completely eliminate all third party UECs, be they free or paid. The new…

Diamond bank
ICT

Diamond Bank woes kids, youths with high interest savings plan

More banks have continued to drive financial inclusion and literacy at schools and tender age. Recently, Diamond Bank opened a new window of money management opportunity that enables parents and guardians plan and save for the future of their children…

New Swiss law mandates return of stolen money within weeks– Official

Relief may be underway for the administration of President Muhammadu Buhari and other African countries where several loots were kept in Swiss banks as a newly passed law in Switzerland has made it impossible for looted funds to stay longer…

Anxiety as CBN plans impact assessment test on banks in Q1 2017

The Central Bank of Nigeria (CBN) has given an indication that it will early next year carry out an impact assessment test on banks.It was not clear if it considered the recent series of foreign and local reports on the…

2017 budget crisis deepens as Presidency accuse NASS of delaying submission

A new twist in the 2017 budget delay crisis has emerged considering the feelings of the presidency on how the national Assembly is attending to the submitted2017-2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) The presidency said…

UBA considers 20 kobo interim dividend for half year

United Bank for Africa Plc (UBA) has announced its audited 2016 Half Year Financial Results for the period ended 30 June 2016, showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before…