Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2018

MDXi Adegbiji receives TCCF plaque
ICT

MDXi seeks use of growing edge data centre ecosystem on continental traffic exchange

General Manager of West Africa’s leading data centre company, MDXi, Mr. Gbenga Adegbiji  has reiterated the importance of edge data centres to enable African consumers enjoy improved online experiences with much reduced latency, while significantly reducing transit costs. Relying on…

Just in: Decamping in APC now global as Nigeria’s ambassador to S’Africa resigns, joins PDP

Ahead of the 2019 general elections, international coloration today emerged in the ongoing massive exodus of party bigwigs’ from the ruling All Progressive Congress (APC) to opposition Peoples Democratic Party (PDP) as the Ambassador to South Africa, Ahmed Ibeto, not…

Muddling up airports concession with veiled national carrier confusing investors

The recent speed with which the federal government is pursuing floating of a new national carrier called Nigeria Air and almost zero mention of issues bordering on the controversial concessioning of four most viable airports are now source of concerns…

CBN’s new forex regulation takes effect from tomorrow, August 1

Regulatory provisions of the revised Foreign Exchange Manual shall take effect from August 1, 2018, the Central Bank of Nigeria (CBN) has said. A circular to made available to all authorized dealer banks and the public and signed by the…

obaseki Edo Gov
ICT

2 months after unveiling, Edo Innovation hub begs investors to occupy spaces

Contrary to earlier speculations that ICT vendors and allied investors will rush the newly inaugurated Edo Innovation Hub (EIH), located at the Institute of Continuing Education (ICE) in Benin City, two months after, the facility is gradually becoming a ghost…

Fintech 55
ICT

How mobile money interoperability, GIP in Ghana push up financial inclusion

Barely three months after the launch of Mobile Money Interoperability (MMI) in Ghana, there has been surge in financial inclusion across all strata of the Ghanaian economy and society. This is further pushed up by the GhIPSS Instant Pay (GIP)…

Lagos bad port access roads rob Nigerian exporters, importers $10bn annually

Few days after the Vice President, Yemi Osinbajo announced the readiness of the federal government to begin reconstruction work on Apapa-Oshodi Expressway, the National President, Cashew Farmers Association of Nigeria (CFAN), Mr. Tola Faseru has disclosed that exporters of agricultural…

Ireland retires as Farid Fezoua steps in as Africa CEO

GE on Monday announced that President and CEO GE Africa, Jay Ireland will retire from GE effective September 30, 2018, after 38 years of service. Farid Fezoua, President and CEO, GE Healthcare Africa has been named President and CEO, GE…

Of what commercial use’ll Itakpe-Ajaokuta-Warri rail line be on delivery?

Since last week the Minister of Transportation, Rotimi Amaechi said the Itakpe-Ajaokuta-Warri standard gauge rail line will be ready for commercial use next year, transport analysts have been raising questions on what kind of traffic will drive the commercial use…

Weak regulations on e-waste management pose danger in Nigeria, Ghana

In the last few years, Nigeria had come up with regulations on electronic waste (e-Waste) under the NESREA Act as amended, but the issue of managing e-waste has remained intractable especially within key trading centres including Ikeja Computer Village, Alaba…