Business Hilights

Tracking Nigeria's Headline Business News Online

Month: September 2017

NCC Danbatta
ICT

NCC opens up, warns fake phones responsible for some cancer ailments

Considering the observed proliferation of substandard phones, the Nigerian Communications Commission (NCC), on Thursday warned against use of fake digital products including phones. Speaking during a stakeholders workshop organised by the Ibadan Zonal office of NCC at the popular Fayose…

Smart CS Abuja
ICT

In Tanzania, Nigerian unveils software chip capable of detecting explosives

A Nigerian techprenuer, Agabi has invented and presented a modem-sized technology at the TEDGlobal conference in Tanzania that can detect smells of explosives from a distance. He said the system is made from a mixture of living neurons and silicon,…

NigComSat Limited
ICT

NIGCOMSAT to generate N5bn in 5 years of commercialisation

After observing that Nigerian Communications Satellite known as NigComSat-1R, has failed to meet the target value of its launch by way of being beneficial, the Ministry of Communications has started working out how to redeem its image. The ministry is…

Calm returning to Owerri as traders move to Naze, Relief, Egbeada markets

Palpable calm is gradually coming back to Owerri, the Imo State capital, as frayed nerves that greeted last Saturday’s demolition of Eke-Ukwu market at the city centre begin to relax. Business Hilights had on last Saturday broken the news of…

How MTN assisted Diamond Bank to reach unbanked Nigerians

The Head of Retail Banking Businesses at Diamond Bank, Mr. Robert Giles has revealed how leading telecoms giant, MTN Nigeria provided the communication leverage to the bank to drive financial inclusion to millions of unbanked Nigeria over the years. Explaining…

Fidelity Bank deepens earnings, hits N85.8bn in half year performance

In its results released at the Nigerian Stock Exchange (NSE), Fidelity Bank has shown resilience to recession by posting strong financial performance in the first half of 2017 with gross earnings of N85.8billion in its audited results. Otherwise, the first…

Ghana orders age limit signposts at lotto, gaming points to discourage minors

To discourage under-aged children from gambling and gaming activities, the Ghanaian Ministry of the Interior has advised lotto and associated gaming operators to display sign posts in front of their business centres henceforth or be charged for child abuse. Besides,…

Confusion in Imo as Okorocha burdens retirees to apply for gratuity payments

Contrary to normal practice of relying on documentations gathered over the years by the government to process gratuity for retired state workers, there are indications that the Imo State Government has ordered retires who are yet to receive their gratuities…

Consider economic downturns while making demands, Shell tells Imo communities

To avoid the ongoing intractable facility occupation by Belema community in Rivers State which has entered third week without end insight, Shell Petroleum Development Company of Nigeria Limited (SPDC), may have changed tactics by being proactive on issues of community…

20-year gas sale aggregation deal with Total, others’ll grow domestic use

Energy analysts have started weighing the imports of the recent pact sealed between the Nigerian National Petroleum Corporation (NNPC), Total Exploration and Production Nigeria, Gas Aggregation Company of Nigeria (GACN) and Greenville LNG Limited on the 20-year Gas Sale Aggregation…