Business Hilights

Tracking Nigeria's Headline Business News Online

Month: April 2017

Venn Spectranet boss
ICT

Data services providers still want price floor review, tower rental reassessment

The need to review data price floor has reechoed again, this time, internet services providers are calling on the authorities to consider their challenges to take another look at the rates so that they can remain in business. According to…

MultiChoice
ICT

MultiChoice jerks up service tariffs, adds N680 on DStv, N100 on GOtv

MultiChoice Nigeria, operators of leading Pay TV platforms including DStv and GOtv has increased the prices attached to their monthly services to subscribers. In a coded sms sent to subscribers’ weekend and Monday, the company noted that the new tariffs…

samsung
ICT

Samsung achieves fortunes, new grounds with unveiled Galaxy S8 and S8+

The recent launch of Samsung Galaxy S8 series, a smartphone that pushes the boundaries of traditional smartphones by Samsung Electronics Co Limited, has continued to elicit excitement from within and far. Galaxy S8 series came with its seamless hardware design…

NITDA
ICT

NITDA committed to support young innovators in ICT— Pantami

The Director-General of the National Information Technology Development Agency (NITDA), Dr Isa Pantami has said his agency is committed to supporting young innovators and ICT entrepreneurs in the country. Speaking weekend in Kaduna, Pantami Pantami said that the aim of…

Deposits in SunTrust Bank gallop by 432% to N4.2bn

Trust and confidence of Nigerians are on the rise for SunTrust Bank, a new bank driven digital technology. This is coming on the heels of galloping deposits by customers running in excess of 432 per cent thereby making it possible…

Union Bank’s MD, Emuwa explains reasons behind profit after tax, assures on growth

Union Bank of Nigeria (UBN) Plc has reported a profit before tax of N15.7 billion for the year ended December 31, 2016. The profit was made from gross earnings of N126.6 billion in 2016, which is eight per cent above…

Addison, AfDB top official set to replace resigned Ghana’s apex bank’s governor

Less than 24 hours of the resignation of the Governor of Ghana Central Bank, Abdul-Nashiru Issahaku, indication has emerged that top in the chest of President Nana Akufo-Addo is former head of the research department at the bank, Ernest Addison….

LCCI picks holes in IMF’s recommendations relating to forex, economy

Less than one week after the International Monetary Fund (IMF) have advised the federal government and the Central Bank of Nigeria (CBN) in particular to lift ban on 41 forex restricted items to renew activities in the ports further close…

Industry

Debt pile up looms as foreign investors snub Nigeria’s Naira bonds

Bloomberg report has raised serious issue on the reigning Nigeria’s naira bond currently in the market for subscribers. The report is unfortunately coming as news of oversubscription of Nigeria’s Eurobond to the tune of $3 billion raises the spirit of…

Industry

Nigerdock deepening Nigeria-UK relations as High Commissioner tours site

The new British Deputy High Commissioner for Lagos, Laure Beaufils, visited Snake Island Integrated Free Zone (SIIFZ) to see first-hand the significant potential to further strengthen the bilateral relationship between the United Kingdom and Nigeria, by enabling UK businesses to…