Business Hilights

Tracking Nigeria's Headline Business News Online

Day: February 9, 2018

NBC Radio Frequency
ICT

Enugu comes alive on DSO Monday as Osun joins on Feb 23rd—-Kawu, NBC boss

In keeping with the spirit of regional rollout of Digital Switch Over (DSO) ahead of covering the nation over time, all is set for Enugu and environ to be switched on to the trending TV experience on Monday, February 12,…

NCC 99
ICT

MTN overrides others as internet subscribers hit 98.3m in December

Whereas latest statistics on Nigeria’s internet uptake has shown that users increased marginally to 98.3million in December 2017, the figures revealed that MTN Nigeria grossed network users with 2,642.666, new internet users, thus increasing its subscription in December to 36,069,597,…

MTN Nigeria
ICT

Conditions force MTN to list in Nigeria, Ghana, Tanzania before year end

Contrary to insinuations from the Security and Exchange Commission (SEC), that it is yet to receive any official signal to list shares on the Nigerian Exchange, the MTN Group has moved to raise about $500 million from the sale of…

Nigerian businesses spend much in managing non-digital payments—Afiegbe

The Country Manager of Visa Nigeria, Mr. Emezino Afiegbe has decried the huge loss trailing use of cash in transacting businesses in Nigeria and called on business operators to dump high cash culture and embrace digital payment platforms. In an…

Unity Bank introduces customer-centric mobile banking options shot-coded *7799#

Innovative retail banking giant, Unity Bank has unveiled what it termed ‘Unstructured Supplementary Service Data short code: *7799#’ as part of drive to deepen customer access to quality banking services. The bank noted in a statement that the development was…

Standings at Nigeria’s Stock Exchange on Thursday, Feb. 8, 2018

EQUITIES The equities market closed lower, with the All Share Index shedding 0.49% to 43,326.89 points, following selloffs in consumer goods stocks. Accordingly, the Month-to-Date and Year-to-Date returns fell to -2.29% and 13.29% respectively. The Consumer Goods (-1.98%) index recorded…

‘Don’t broadcast campaigns when electioneering has not commenced’, NBC warns media

As election year draws near, the broadcast watchdog, National Broadcasting Commission (NBC), has called on licensed operators to guide their operational licences very well to avoid severe sanctions capable of throwing them out of business. Speaking in Abuja on Thursday…

Fuel scarcity to remain until oil prices come down to $50 or less—Expert

Leading energy analyst, Engineer Abiodun Adewale has argued that so far the nation’s refineries are not yet delivering at full capacity so as to saturate the country with local products, importation of products when crude price is above a certain…

FG mute on stopping licences for tank farms, prefer road decongestion taskforce

Though the federal government had been able to convince aggrieved members of the Maritime Workers Union (MWU) to suspend their planned strike over poor access to the ports, government was however, silent on the suggestions put forward by the union…

Certifying a troubled aircraft, setting up probe panel not reconcilable–Expert

A US based aviation expert, Dr. Abel Johnson has frowned at the handling of the Dana Air fallen exit door incident, saying, “it is professionally wrong; safety wise to hurriedly certify an accidented aircraft safe within few hours and turnaround…