Business Hilights

Tracking Nigeria's Headline Business News Online

Month: September 2017

Faure Gnassingbe
ICT

Internet shut down, social media blockage in Togo enter 2nd week as protest rages

Indications emerged Sunday evening showing that nationwide internet shutdown and social media blockade have entered second week in Togo as opposition leaders weekend, rejected planned discussion of veiled political change and constitutional reform by the parliament this week. Internet services…

9Mobile shop
ICT

9mobile reloads subscribers’ data experience with Moreflex hybrid premium bundles

Telecoms giant, 9mobile, has deepened its commitment to improve positive customer experience for its subscribers with the launch of a new service ‘Moreflex Hybrid Premium Bundles.’ Moreflex Hybrid Premium Bundles is a prepaid package that offers cost effective roaming experience…

Opeke Mainone
ICT

IXPN wires Ghana’s internet exchange point to grow sub-regional independence

Indications have emerged showing that Africans are beginning to adopt the position of the chief executive of the leading cable group, MainOne, Ms. Funke Opeke, who recently challenged the continent to work towards domesticating its internet exchange points and end…

Arik shareholders’ ambush FG, Ethiopian Airlines with N20bn suit over ‘veiled’ takeover

For being left incommunicado upon several media reports flying around on alleged plan between the Federal Government and authorities at Ethiopian Airlines to bundle away their investments in the company, shareholders of Arik Air Limited has filed a N20 billion…

Banks’, payment companies suffered most cyber attacks in 2nd quarter—Report

Fresh report released by leading financial intelligence group, ThreatMetrix, has inferred that commercial banks and emerging payments management companies were most hit by cyber criminals in the second quarter (Q2) of 2017. This was contained in the latest report presented…

Why Fidelity Bank posted 66% profit jump in audited Half Year results

Managing director and chief executive officer of Fidelity Bank Plc., Mr. Nnamdi Okonkwo has linked the impressive performance of the tier 2 lender which jumped to double digits growth in earnings and profits to operational resilience, management discipline and tailored…

FG owes Akwa Ibom over N140bn on completed road projects

The Akwa Ibom State Commissioner of Works, Mr. Ephraim Inyang has decried federal government’s silence over the N140billion debt it owed the state for various federal roads projects it executed in the state. According to him, all efforts made so…

Expect real impact of recession exit in 2019—-PwC

Lead audit firm, the PricewaterhouseCoopers (PwC) Nigeria has given fresh insight that full economic recovery from recession in the country can begin to reflect in 2019, if sustained real sector investment is driven. Analysts at the multinational consulting firm, said…

Amaechi may end up not driving national air or sea carrier before leaving office—Experts

Contrary to earlier hopes and believes, both stakeholders’ in air and sea transportation are beginning to nurse fears of gross failure in the establishment of either a national shipping line or airline before the end of this administration. This, according…

Upon recent amendments, terminal operators still abuse CEMA Act—Amiwero

Indications have emerged showing that sharp practices surrounding waivers are currently compelling importers to abandon goods in ports, a scenario capable of hobbling business activities in the ports. The act is sequel to undermining of Customs and Excise Management Act…