Business Hilights

Tracking Nigeria's Headline Business News Online

Day: February 11, 2019

Just in: Buhari’s stone hits aide as Tinubu, Osibanjo run for life at Ogun rally

…Amosun speechless, Oshiomhole main target The All Progressive Congress (APC) crisis in Ogun State that apparently saw the governor, Senator Ibikunle Amosun shift his guber support base for another party, turned a violent page Monday as the party national chairman,…

Zenith Bank notifies customers on weekly deduction of S’Duty on transactions

Zenith Bank Plc weekend notified all its customers on the flag off of weekly deductions of cumulative sums of N50 Stamp Duty paid per transaction both e-transactions and over the counter deals. Business Hilights recalls that banks had been under…

Greenpeace sees trouble off South Africa’s coast over Total’s new oil scheme

Global leading environmental watchdog, Greenpeace has reacted to latest move by French oil giant, Total in planning exploration following a significant oil and gas discovery 175 km off the southern coast of South Africa. According to Greenpeace Africa’s Senior Climate…

9mobile 88
ICT

Teleology Nigeria visits NCC, hails joint efforts with CBN to save 9mobile

After months of silence, back and forth decisions of both the Nigerian Communications Commission (NCC) and Central Bank of Nigeria (CBN), strong indication has emerged showing that the entire acquisition crisis trailing 9mobile has rested. Strong pointer to this emerged…

Broadband Fibre-Optic-Cable
ICT

Minister dumps Infracos, sees $100m Indian loan as catalyst for 70% BP by 2021

Just as the December 2018 claims by the Nigerian Communications Commission (NCC) that Nigeria has achieved 30.9 per cent Broadband Penetration (BP), has remained very hard for industry stakeholders to agree, strong indication emerged weekend revealing that the Federal Government…

Meris chat
ICT

Meristem unveils Zedd, an AI driven personal investment advisor

Leading investment group, Meristem Securities Limited has launched an artificial intelligent (AI) solution, Zedd which interacts with users in a human-like pattern to onboard prospective investors while offering more personalized services to clients. In his remarks at the launch, Head…

Huawei Technologies
ICT

Huawei claims shipping more than 200m smartphones in 2018

Leading global technology conglomerate, Huawei has said it shipped, sold over 200 million smartphone shipments in 2018 business year. A statement issued by Integriti News Agency (INA), linked the massive sales to the enthusiastic support of consumers and partners around…

Upon NNPC claims, Nigeria flares more gas than recovered, commercialized—Data

Latest data from the review of monthly operations and financial reports of the Nigerian National Petroleum Corporation (NNPC) in 13 months has showed that Nigeria still flares more gas than recovered for use both for power generation firms and other…

NNPC refineries goldmines ‘poisoned’ by fuel subsidy—Dangote

More strategic revelations are still emerging from the recently concluded 2019 Nigeria International Petroleum Summit (NIPS) in Abuja. The latest is the revelation of the Technical Adviser to the President of Dangote Group on Refinery and Petrochemicals, Mr Babajide Soyode,…

Dangote takes over Peugeot, lists needed policies to drive local auto industry

Following the official transformation of Peugeot Nigeria to Dangote Peugeot Automobile Nigeria (DPAN), the Acting Managing Director/CEO of DPAN, Engr. Ibrahim Gachi, has opened up on preparations from mass production and what government can do to support local content in…