Business Hilights

Tracking Nigeria's Headline Business News Online

Day: October 28, 2016

PZ invests N91.5b in backward integration

The apparent success of backward integration achieved by Dangote Cement which led to the end of cement importation has started encouraging other industrial conglomerate, including PZ Cussons Nigeria Plc to tap from the scheme. Already, the Managing Director and Chief…

WACT unveils digital platform in aid of cargo movement

West Africa Container Terminal (WACT), operated by APM Terminals at the Port of Onne, has introduced an online terminal services platform, which enables customers to have better control over their cargo’s movement. Details gathered show that the digital platform will…

NPA board set to mediate on lingering crisis in logistics sector

Even though the matter is before the Presidency, the newly inaugurated Board of the Nigerian Ports Authority (NPA), has promised to made inroads into the lingering crisis in the oil and gas logistics value chain. The Board, led by its…

‘ExxonMobil divested from downstream to boost brand’

American multinational oil and gas corporation, ExxonMobil has said that its divestment of 60 per cent stake in Mobil Oil Nigeria Plc, to Nipco Plc., would create opportunity for growth of the company’s brand. It would be recalled that shareholders…


MTN ups subscriber in Q3 by 2.5%, as smartphones on network hit 19.2m

Indication emerged yesterday that upon the ongoing troubled waters of official suspicion hitting the South African telecoms giant, MTN Nigeria, the group has reported a 2.5 per cent increase in its subscriber base to 60.5 million (QoQ) in the country….


‘Internet of Things, catalyst for Nigeria’s ‘Smart Cities drive’

Believers’ in evolution have long painted a vision of the revolutionary “smart city”; a gleaming metropolis of clean streets and punctual public transport, where issues of crime, congestion and pollution have been engineered into irrelevance. Experts believe that building the…


Netflix, Spectranet ink deal on server deployment in W/Africa

Global leaders in Internet TV service, Netflix, and Spectranet, Nigeria’s pioneer 4G broadband service provider, said they have successfully deployed one of the first dedicated Netflix servers in Africa. At CES 2016, Reed Hastings, Netflix co-founder and chief executive announced…


GSMA wants regulators to ‘reset’ competition policy for productivity

No doubt, digital platforms, mobile communications, big data, cloud computing, and the social media have been seen to be changing the nature of products and services and the way in which people interact. This is driven by the global economy…

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Bharti Airtel Africa’s loss slashed to $91 million

India’s business mogul, and core investor in Bharti Airtel, Sunnil Bharti Mittal, has hinged the cut from $170m loss last year to $91m on growth in data customers and consumption and currency stabilisation in most markets, except for Nigeria, where…