Business Hilights

Tracking Nigeria's Headline Business News Online

Month: January 2017

Just in: Intercepted 661 pump-action guns, left Apapa port without Customs due checks

It was shock of the century for some Nigerians who saw the displayed cartons and some of the impounded American made Pump-Action riffle guns number 661 at the Lagos State Command of the Nigeria Customs Service (NCS) on Monday. Eagle-eyed…

Bharti-Airtel-Executive-Producer
ICT

Just in: Bharti Airtel denies plans to exit Ghana, other 14 African economies

Emerging conglomerate, Airtel Africa, a leading telecommunications company with operations in 15 countries across Africa, has refuted speculative media reports erroneously stating its possible exit from Africa. The organization has reaffirmed that it remains committed to Africa and will continue…

NCC Danbatta
ICT

NCC aware of subscribers challenges over QoS, warns networks

Rising from a recent Consumer Town Hall meeting held in Oye, Ekiti, where subscribers voiced their anger in dwindling Quality of Service (QoS), the Nigerian Communications Commission (NCC) has once again warned networks to rise to the challenge of provisioning…

ICT

Etisalat steps up CSR, donates items to Gbagada General Hospital, Lagos

Nigeria’s most innovative and customer friendly telecommunications company, Etisalat Nigeria, has again affirmed its commitment to the development of the Nigerian health sector with the donation of computers to General Hospital, Gbagada,Lagos. Speaking at the handover ceremony, Director, Regulatory and…

ICT

New Ghana national ID scheme’ll harmonise all database—-VP

The newly inaugurated President of Ghana, Nana Akufo-Ado has kicked off strategic schemes that will drive development planning for the country. Among the first steps is the take off of national Identity Card project, a top electoral promises during his…

As ex-depot price rises above N139, petrol at N145 per litre no more feasible—Marketers

Another round of fuel price hike related confusion is about to rout the nation as investigations at several depots discharging Premium Motor Spirit (PMS) at Ibru Jetty Apapa Monday revealed that ex-depot price has left the official range between N123.28k…

How forex round-tripping landed some banks in CBN’s net

For serious infractions stemming from round-tripping, manipulating foreign exchange (forex) transaction rates and related financial crimes around forex by some banks, the Central Bank of Nigeria (CBN) has queried the affected banks. Build up to the query revealed that the…

Banking/Investments

How FCMB’s e-Savings Account stood out of the crowd in driving inclusion

Taking a look at e-saving accounts across the Nigerian banking industry, it is important to understand that the key reason why the system is expanding is because of the inherent flexibility in service access and stress-free service delivery by the…

Dangote expands coast, plans investment in Zambian energy, agriculture

Indications have emerged that Aliko Dangote has the desire to further consolidate his existing investments in Zambia and other African countries by venturing into energy and agricultural sectors. Dangote currently runs a cement factory in Zambia, which employs hundreds of…

‘Compel mall developers’ to sell Nigerian alternatives to foreign fruits’

An indication has emerged revealing that the visibility of foreign agricultural products especially fruits in new and oil mega shopping malls, thus threatening the ongoing agriculture driven diversification of the ailing economy. Some of the leading fruits found in all…