Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2016

Shittu, Comm Minister
ICT

‘Ease of doing business in Nigeria cannot be solved with FG’s N700m GCC’

Barely 24 hours after the federal government inaugurated a N700 million Government Contact Centre (GCC) in Abuja, business experts have started understudying the key roles of the centre. The government had explained during the launch that the key factor considered…

‘Demarketing-driven’ competition frustrating e-Payment growth in Nigeria— CeBIH

After periods of understudy, the Committee of E-Banking Industry Heads has called on banks and other electronic payment service providers to desist from the observed ‘killer’ oriented marketing gimmicks, saying only a healthy competition can drive the sub sector and…

How Pinnacle Communications activated delivery of Abuja DSO—-NBC

The Director General of National Broadcasting Commission (NBC), Mallam Is’haq Modibbo has revealed how the signal distributor of Abuja, Pinnacle Communications Limited worked tirelessly to meet up with deadline for the launch of Digital Switch over (DSO) last week Thursday….

Market confidence to rise on Sterling Bank Plc’s N100bn commercial paper

Signals have emerged that the recent registration of the Sterling Bank Plc’s N100bn commercial paper programme will boost confidence in the Nigerian financial market. This analysis was dropped by the FMDQ OTC Securities Exchange. It would be recalled that the…

W/Bank votes $4.8m for Grooming Center Microfinance to grow SMEs

Resilient micro finance group, Grooming Centre MFB has signed an agreement with International Finance Corporation (IFC), a division of the World Bank to get a NGN 1.5 billion (about $4.8 million) loan meant to increase access to funding by small…

Why Ibori may head back to Dubai instead of returning home

There are apparent signals that the recently freed former governor of Delta State, Chief James Onanefe Ibori may not be home so soon. Reason, being that he may proceed to Dubai to finish the business he was pursuing before he…

Divestment to Helios group good for local content crusade—Tinubu

Group Chief Executive of Oando Plc., Mr. Jubril Adewale Tinubu has said the commencement of the partnership which consummated the offloading of49per cent of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited (“OGP”), to Glover…

SMEs

FG, UN complete youths training in renewable energy scheme

As part of concerted efforts to deepen the growth of Small and Medium Enterprises (SMEs), the Federal Government, collaborating with the United Nations-Habitat, has completed the 2016 hands-on training in energy efficiency and renewable energy technologies for select youths drawn…

Shippers’ Council most reformist maritime agency in 2016—Business Hilights

As the year rolls away, a review of activities in the maritime sector within 2016 has shown that apart from the fact that most of the agencies in the sector were driving their performance only in the media, a survey…

NCC and MTN
ICT

MTN reduces fine to N200bn by paying additional N80bn—Minister

The minister of Communications, Barr Adebayo Shittu has revealed that government has receipted additional N80bn from telecoms giant, MTN Nigeria, being part payment for the fine imposed on it by the regulator, Nigerian Communications Commission (NCC). It would be recalled…