Business Hilights

Tracking Nigeria's Headline Business News Online

Month: June 2017

Banking/Investments

FCMB visits Presidential Villa, gets commendation for donating school feeding portal

The management of First City Monument Bank (FCMB) has announced the donation of a school feeding portal to the Federal Government. Making the announcement during an official visit to the Presidential Villa, Abuja, the bank said in a statement that…

Citizens decry missing impacts of Paris Club refund as FG opens up on details

Just as the Federal Government weekend revealed how it allocated the first tranche of N516.38bn reimbursement made to the 36 states of the federation and the Federal Capital Territory from the Paris Club debt refund, citizens across the states have…

Shittu-Minister-of-Communications
ICT

Experts worried on Minister’s poor knowledge of existing ICT roadmaps

One of the key comments of the Minister of Communications, Barr Adebayo Shittu while addressing the State House Correspondents after last week’s federal Executive Council (FEC) meeting was that part of the targets of the approved new 3-year ICT roadmap…

Why UBA sealed deal with Bridge Concepts to float Naija Green Card

To enable young Nigerians including students to enjoy exclusive discounts on products and services with over 10,000 merchants across the country, were the factors considered by leading banking institution, United Bank for Africa (UBA) to introduce the Naija Green Card…

CWG Plc
ICT

CWG explains motive behind ongoing rebranding, innovations

Realities of the internal and external business terrain were the key reasons behind the ongoing rebranding drive at pioneer data service centre in Nigeria, the Computer Warehouse Group (CWG) Plc. This was the submission of the Head of Brand and…

Outrage in Eko Disco controlled part of Lagos as consumers describe latest bill craziest

Confusion is now trailing latest electricity bills distributed by the Eko Distribution Company (Eko Disco) between Friday and Saturday in parts of Lagos as many of households and companies who got the bills vented anger, describing it as the craziest….

Ntel Kamar-Abass-
ICT

nTel met nothing useful in NITEL infrastructure nationwide—Abass

More revelations have emerged on why the expected nationwide outreach speed from nTel, the new investors in NITEL was slow after all. In an interview, Chief Executive Officer of nTel, Nigeria’s leading latest entrant to GSM services, Kamar Abass said…

Minister silent on income from sales of N3.4tn products imported in 2016

Since the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has revealed that in the last one year, Nigeria spent about N3.4tn on the importation of petroleum products, but industry experts are worried on why he only stopped at…

Residents fault Ikeja Electric Plc on one-way traffic whistle-blowing policy

The recent launch of a whistle blowing platform by Ikeja Electric Plc, to enable customers report illegal and unethical activities in a safe, confidential and secure manner for immediate attention has been faulted by electricity consumers. Some of the consumers…

Nigeria loses 27.3mb in Feb valued at N417 billion to production disruption

A new report released by the Minister of State for Petroleum, Dr. Ibe Kachukwu has shown that the industry lost an accumulated 27.3 million barrels in the month of February to production disruptions arising from pipeline vandalism. Calculations based on…