Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2017

Mobile West Africa 2017 begins tomorrow, Wednesday in Lagos

Two days to the opening ceremony, logistics are nearing perfection for the hosting of the 7th edition of Mobile West Africa in Lagos from Wednesday. The planned two days of unrivalled conferencing, with more than 60 contributors and a delegation…

NITDA pantami
ICT

NITDA opens helplines for Nigerians as ransomeware ravages 99 nations, machines

World record cyber attacks occurred Saturday piercing though over 99 nations and hitting leading conglomerates across every continent on earth. Though several global cyber security firms are having tough days, fixing shattered systems since Saturday evening, the management of National…

Venn Spectranet boss
ICT

Only upward review of data price floor’ll drive more investment on networks—Venn

The managing director of Spectranet 4G LTE Limited, Mr. David Venn has sounded it loud and clear that the prevailing pricing template for data services does not have what it takes to spur the needed investments by networks to raise…

CyberSecurity
ICT

Cybercrime has moved from site hacking to institutional sophisticated attacks—Expert

Emerging cyber crime detective and Business Development Manager of Asseco Nigeria, Peter Uka, has noted that cybercrime has moved from basic websites hacking and stolen of users’ data to more sophisticated methods of targeting e-Commerce sites, financial, tertiary institutions, insurance…

smile
ICT

Smile Telecoms appoints Ahmad Farroukh board member to drive operations

Smile Telecoms, a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, has announced the appointment of Ahmad Farroukh to its Board as Executive Director, Operations, since first of May, 2017. Ahmad is…

Banking/Investments

If BoI is shopping for N1tn to assist SMEs, why is DBN established? —BH Analysis

Barely one month after the take off of Development Bank of Nigeria (DBN), indications have emerged that Bank of Industry (BoI) that had hitherto been dull in driving the growth of Small and Medium Enterprises (SMEs) has suddenly woken up….

Zenith Bank notifies NSE to revalidate $500m on second tranche for operations

Banking and stock market pundits have confirmed that the coast is very clear for leading money deposit bank, Zenith Bank Plc to raise up to $500 million under its global Medium Term Notes programme established in 2014 following last week’s…

Lagos, 21 others improve on IGR in 2016 financial year, 13 others recorded decline

Fresh figures from the National Bureau of Statistics (NBS) has revealed that Internally Generated Revenue (IGR) indices for 35 states in the 2016 fiscal year have shown that 22 states lead by Lagos and Rivers States were able to shore…

CAC cert now compulsory for accessing all business deals with MDAs—Minister

As part of consolidation new drive for ease of doing business, the Federal Government has banned ministries, departments and agencies (MDAs) from transacting business with companies and other corporate bodies that are not duly registered by the Corporate Affairs Commission…

Anxiety brews as returned DG of NIMASA, Omatseye set to resume work this Wednesday

Palpable confusion seems to be brewing at the 4, Burma Road head office of the at the Nigerian Maritime Administration and Safety Agency (NIMASA), since the Court of Appeal in Lagos reversed the sentence on former Director General of NIMASA,…