Business Hilights

Tracking Nigeria's Headline Business News Online

Month: June 2017

Glo Etisa
ICT

What if Globacom or Dangote buys Etisalat to rest loan default crisis, grow sector?

Crack analysts and deep pocket pundits in the nation’s telecoms sector have started putting figures, trends and happenstances together on a tactical way forward that can better the lot of the industry in Nigeria. One of their proposals is tilting…

NCC head office, Abuja
ICT

NCC not recruiting, warns Nigerians to ignore fraudulent job offers on social media

The Management of the Nigerian Communications Commission (NCC), has received enquiries on the advertisement for recruitment into various vacancies in the Commission. In a post on the agency’s Facebook account, it said “The Nigerian Communications Commission hereby notify the general…

Adebayo Shittu
ICT

Paucity of fund forces Minister to postpone June ‘Smart Cities Summit’

Minister of Communications, Alhaji Adebajo Shittu, on Tuesday in Abuja announced the sudden postponement of the planned Smart Cities Summit Nigeria, a conference designed to weigh the preparedness of Nigerian cities in adapting modern technologies. Though the minister claimed that…

ICT

MTN employees bankroll 2017 ‘21 Days of Y’ello Care’, deepen education for students

Employees of MTN Nigeria (alongside their colleagues across Africa, Asia and the Middle East) have kicked-off the 11th annual “21 Days of Y’ello Care” with focus on using ICT to increase access to education, promote knowledge sharing and support improvements…

What has Innoson, Nnewi gained from all these visits by FG officials since this year?

Earlier in the year, the Innoson Vehicle Manufacturing Company Limited (IVM) plant at Nnewi was a pilgrimage of sort for top government officials. Even before the Acting President visited few months ago, there have been other Ministries, Departments and Agencies…

How the raging Gulf crisis may consume Qatar, if it fails to watch its back

The Arab states of the Persian Gulf are in the grips of an unprecedented regional crisis. In Monday’s early hours, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt released coordinated statements, announcing a diplomatic break with the tiny-yet-wealthy peninsular…

How Lagos State shut S/West to lead others in 2016 regional IGR generation

The newly released report on 2016 Internally Generated Revenue (IGR) by geopolitical region and states has shown that every state has enough potentials to grow it economy, but for lack of foresight or laziness.   The IGR per region in…

Nigeria, no more a dumping ground, Minister warns China, India, others

The Minister of Communications, Alhaji Adebayo Shittu has warned again that Nigeria will no longer tolerate any infraction of dumping or bringing into Nigeria outdated technology of any sort. Speaking in his opening remarks on Tuesday in Abuja at the…

CAC Registrar General highlights strategic reforms, success rate

The Registrar General of Corporate Affairs Commission (CAC), Mr. Bello Mahmud has revealed how effective some of the reforms he has introduced to the operations of the Commission, saying Nigeria is set to move up 20 steps in the World…

Growth in manufacturing, CBN forex interventions can converge exchange rates

New report by the Central Bank of Nigeria (CBN) on the Purchasing Managers Index (PMI) for the manufacturing sector has shown that it rose to 52.5 points in May from 51.1 points recorded the previous month. In the first quarter…