Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2016

AIF floats $150,000 contest for African innovators

The African Innovation Foundation (AIF), driver of The Innovation Prize for Africa (IPA), has called for applications across the continent for the sixth edition of the IPA awards. The competition once again offers Africa’s top crop of innovators a share…

‘Well implemented AGOA in agro, SMEs will ease recession’

Leading development finance analyst and adviser to the USAID Small & Medium Enterprises scheme (SMEs), Mr. Bob Ezumah has called on the authorities to retrain operators of SMEs and redirect many unemployed youths to agriculture where they can engage in…

Banking/Investments

FCMB rakes in average of 53,000 new customers’ monthly—Corporate chief

The, Group Head, Corporate Affairs of First City Monument Bank (FCMB), Mr. Diran Olojo, has revealed that the bank now welcomes  about 53,000 new customers on a monthly basis. He said the feat is possible due to the bank’s rising profile…

ICT

N500m MTN bribe: Buhari’s COS may be free if…, Panel source

Following the emerging indications that the Chief of Staff to President Muhammadu Buhari, Alhaji Abba Kyari is under investigation by the Special Investigation Panel of the Nigerian Police Force over bribery allegations, a credible source at the Presidency revealed Friday…

ICT

NCC denies involvement against graft allegation over MTN fine slash

The Nigerian Communications Commission (NCC) has brushed aside, allegations that some of its officials were bribed in the negotiation and ongoing settlement of the N330Billion fine the agency slammed on GSM network provider, MTN Nigeria. Director, Consumer Affairs Bureau, Abdullahi…

MTN boss
ICT

We complied with relevant fund transfer rules—MTN

Contrary to speculations that MTN carried out the transfer of $13.9 billion without due process, the telecoms giant said yesterday that it complied with Nigerian fund transfer rules and did not send money out of the country until it obtained…

FG has endorsed new maritime security architecture –Amaechi

Minister of Transportation, Hon. Rotimi Amaechi recently hosted the executive of the Association of Maritime Journalists of Nigeria (AMJON) in Abuja. During an interactive session, he revealed that the Federal Government is worried over criminality in the Nigerian maritime domain…

Ecobank to capture 100m customers using ‘Ecobank Masterpass QR’—CEO

Ecobank Group has launched a mobile payment app tagged ‘Ecobank Masterpass QR’ with a strategic target at increasing customer base to 100 million across Africa by 2020. The group said Masterpass QR is the first mobile-driven, Person-to-Merchant (P2M) payment solution….

Forex: Experts speculate stable naira early next week

If the views of currency watchers are anything to go by, the naira is expected to be stable at the official interbank and parallel markets next week following the sale of $313m by the Central Bank of Nigeria (CBN) to…