Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2017

Veronica Onoja
ICT

Airtel names Onoja, Vice President on Mobile Money segment

Telecommunications service provider, Airtel Nigeria, has announced the appointment of Veronica Onoja as Vice President for the telco’s Mobile Money segment. Under her new role, Onoja is tasked with bringing her significant experience in the East African mobile money market…

Ga S 8
ICT

Samsung Galaxy S8 sells from $900 to $1,000 after Wednesday’s launch in New York

Global leading smartphone maker Samsung Wednesday unveiled its latest flagship model, the Galaxy S8, in New York. Newly launched Samsung Galaxy S8 is expected to be available in late April with a price range of around $900 to $1,000. This…

Group petitions ICPC over Fashola’s silence on alleged N166bn contracts

After several efforts to get clear answers to questions posed, the Civil Society Network Against Corruption (CSNAC) has petitioned the Independent Corrupt Practices (and other related offences) Commission (ICPC) to commence investigation on issues around the Bureau of Public Procurement’s…

Irish musician, Sir Bob Geldof acquires minority stake at Beloxxi Industries for $80m

Another sign that Nigerian economy is still attractive to the international investors emerged Tuesday as a private equity firm with interest in agriculture and technology, 8 Miles, acquired minority stakes worth about $80m in the Nigerian biscuit company, Beloxxi Industries…

‘Restructure mining sector before concluding deal on W/Bank’s $150m loan request’

Stakeholders in the nations mining sector have called on the federal government to halt discussions on accessing the targeted World Bank’s $150m loan for the Ministry of Mines and Steel Development. A member of the Nigerian miners association, who pleaded…

NIMASA’s DG skipped comments on the state of $5bn debt controversy on his arrival

After a critical look at his address at the recent World Press Conference recently held by the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, it was discovered that he did not make explicit comment…

Transport

NIMASA set to export Nigeria’s maritime potentials in Norway, DG claims

The Nigerian Maritime Administration and Safety Agency (NIMASA) would be showcasing the potentials of the Nigerian Maritime Sector at the Norway Shipping week that would hold later this year. The Director General of the Agency, Dr. Dakuku Peterside made this…

BB Commission
ICT

UN, Foreign Affairs ministry seal deal to drive Nigerian youths in ICT skills, broadband

Ahead of 2030 target for global mobile broadband coverage, the United Nations (UN) has started international drive to deepen access to mobile broadband. The campaign was the basis for the 2017 Spring Meeting in Hong Kong, SAR of China, where…

CBN deepens forex rates convergence drive, crashes BDC rate to N360 to sell at N362 only

All most 24 hours after the Central Bank of Nigeria (CBN) directed Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not more than N360/$1 for invisibles, the apex bank on…