Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2018

TSA caused recession, not looting—Expert

A development economist, Dr. Ken Igboanugo, has revealed that contrary to earlier speculation that bad economic policies and acclaimed looting by 16 years of Peoples Democratic Party (PDP) caused the 2016 economic recession, it was caused by the implementation of…

ATCON NTITA 22
ICT

Issues on interconnect debts won’t disconnect subscribers from networks—NCC

Telecoms regulator, the Nigerian Communications Commission (NCC), has assured the general public that none of the over 160million telecoms subscribers in Nigeria will be disconnected or suffer service disruptions as a result of its recent order to permit the disconnection…

Qatar, Ghana nearing deal to make Kotoko Int’l Airport sub-Saharan hub

Global choice carrier and national airline of Qatar, Qatar Airways, is closing in on sealing a multibillion dollar deal that will see Accra’s Kotoko International Airport become West and Central Africa hub for Qatar airline. Nigerian aviation pundits had argued…

Funso Aina
ICT

MTN appoints veteran journalist, Funso Aina Snr. Mgr., External Relations

Leading prolific journalist and veteran editor, Mr. Funso Aina, has been appointed Senior Manager, External Relations for ICT giant, MTN Nigeria. With over 22 years work experience in journalism, cultural diplomacy and telecommunications, Funso is a result-oriented professional with varied…

Igbos decry Customs seizures of rice at Onitsha Head Bridge

…Checks show no such checkpoint in other regions Strong anger is brewing across South Eastern states over clear target of Igbos returning for Yuletide with bags of rice at the popular Onitsha Head Bridge by officials of the Nigerian Customs…

2019 budget in trouble as OPEC cuts Nigeria’s quota to 1.68 million bpd

With oil benchmark for 2019 budget set at $60 on a 2.3mbpd as contained in the Appropriation Bill presented before a rowdy Joint session of National Assembly on Wednesday, there are strong indication that it may not flow as Nigeria…

Can Access Bank manage new right issue, Diamond Bank buy over together?

Just as the Nigerian banking industry woke up to the sudden news report of acquisition of embattled Diamond Bank which is expected to be concluded next year, the same bank has signaled fresh move to raise N75 billion from existing…

NCC in Katsina
ICT

‘NCC should deploy requisite technology to cage call masking than decrying losses’

Telecoms industry pundits have advised the regulator, Nigerian Communications Commission (NCC), to liaise with reputable telecoms security firm either in Nigeria or aboard to come up with applications or innovative technologies that will stamp out incidences of call masking in…

T&G Pharma invests, launches Lactose-free milk in Nigeria

Global leading pharmaceutical company, Thompson & Grace Pharmaceuticals Limited (T&G Pharma), Lagos, has introduced the health-giving lactose-free Valio Powdered milk into the Nigerian market. Unveiling the four variants of the milk product at separate events at the Finland Embassy, Abuja,…

Fidelity Bank’s GIAM 3 Promo crowns more millionaires in Lagos

Fidelity Bank has again kept its word when it Tuesday, presented over N19 million in cash and consolation prizes to winners that emerged from the 2nd Monthly/1st Bi-Monthly Draw of its Get Alert in Millions Savings Promo Season 3 (GAIM…