Business Hilights

Tracking Nigeria's Headline Business News Online

Day: October 27, 2016

Apprehension as NUPENG gives FG 21-day ultimatum over job losses

The Nigeria Union of Petroleum and Natural Gas Workers yesterday handed down a 21-day ultimatum to the Federal Government to prevail on exuding multinational oil conglomerates in the country to stop mass retrenchment of oil workers. National President of NUPENG,…

Again, Ngige begins recruitment into MDAs

The Federal Ministry of Labour and Productivity has again released a list of over 90 jobs including vacancies in the Department of Petroleum Resources, DPR, Office of the Auditor-General for the Federation among others. Dr. Chris Nigge is the Minister…

NCC head office, Abuja
ICT

NCC announces licensing round for Infracos in 5 zones

The Nigerian Communications Commission (NCC) has announced its intention to commence Phase II – licensing of Infracos for North-East, North-West, South-South, South-East and South-West zones (excluding Lagos). In a recent advertorial signed by Mr. Tony Ojobo, Director Public Affairs at…

ICT

Globacom’s 4G LTE hits 16 more cities, counting

National carrier and most indigenous telecoms operator, Globacom Nigeria has announced that 16 more major locations have been connected to its advanced 4G LTE network. The new locations include the Lagos State University and Babcock University in Ogun State. The…

airtel logo
ICT

Airtel ups customers’ excitement, gives Ovajara Bonus on SmartConnect Pack

Since yesterday, (October 26th), Airtel customers has started getting more than six (6) times the value of every recharge on their line. This was the revelation of the company in a statement issued yesterday. The customer largesse is coming from…

Funke Okpeke, Mainone boss
ICT

MainOne picks Minkels to boost lead in West-African Data Center market

MainOne, pioneer data center supplier for premier West African connectivity and data center Solutions Company has drafted in Minkels, part of the publicly traded company Legrand to enhance lead in the sub region. It would be recalled that MainOne blazed…

Ethiopian Airline, SAHCOL seal deal on cargo operations

Ethiopian Airlines has moved its cargo operations to Skyway Aviation Handling Company Limited (SAHCOL) as part of new understanding between the two companies to deepen ease of doing business. A statement issued yesterday by the General Manager, Corporate Communications, SAHCOL,…

Zenith Bank’s profit before tax grew by 16.6%

Zenith Bank Plc has posted a profit after tax of N121 billion in its results for the nine months ended September 30, 2016, indicating growth in profit before tax by 16.6 per cent. The result released by the bank to…

First Bank, Travelex impacts fail to help naira, weakens to N470 on renewed shortage

The recent fiscal policy tumble that produced First Bank and Travelex as lead dealers in forex has signaled failure at the parallel market Wednesday. Otherwise, the naira tumbled to 470 against the United States dollar yesterday; down from 455 on…

Banking/Investments

Bank of Ghana considering CBN’s policy on BVN

Signals have emerged that the gains made by the Central Bank of Nigeria (CBN) in driving Biometric Verification Number (BVN) in the country, may have excited the Bank of Ghana as it begins the process of incorporating BVN in all…