Business Hilights

Tracking Nigeria's Headline Business News Online

Month: February 2019

Akufo-Addo silent as US Visa restriction hits government processes

…As Embassy stops issuance of NIVs to Ghanaian diplomats from today More than four days after the US Department of Homeland Security announced a visa restriction on Ghana government executive, legislative employees and their families for not providing passports to…

Onnoghen may seek Umar’s ineligibility today as S’Court begins Senate suit Tuesday

Strong indications emerged weekend that barring any last minute change of tactics, defence team of embattled Chief Justice of Nigeria, Justice Walter Onnoghen, may seek the self-disqualification of the chairman of Code of Conduct Tribunal as his trial begins today….

StandChart skips Nigeria, begins ‘digital-only’ retail banking in 4 African markets

Standard Chartered Thursday announced the resumption of its second phase of its digital-only retail banking services across Africa. The drive is coming from growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution…

Zenith Bank plans to raise retail loans to four percent in 2019—Amangbo

Leading Tier 1 financial giant, Zenith Bank Plc has given fresh indication that it is planning to up its retail loans as a percentage of total credit to about four per cent this year from less than one per cent…

MTN Nigeria
ICT

Why MTN is challenging Kogi State in court, by Okigbo

MTN Nigeria has launched a multimillion naira court action against the Kogi State Government and its revenue agency, the Kogi State Internal Revenue Service (KGIRS) for sealing up its base station in Lokoja, the state capital, since January 23. Though…

NCC 99
ICT

NCC steps up awareness campaign against cybercrime in Niger State

The Nigerian Communications Commission (NCC) has taken its ongoing enlightenment campaign against cybercrime to Mokwa Local Government Area of Niger State and sensitised telecommunication consumers in the state on the role they needed to play in order to protect themselves…

Only metering’ll guarantee tariff collection efficiency index for Discos—Expert

Reference to recent third quarter report by Nigerian Electricity Regulatory Commission (NERC), which revealed that the total billing to electricity consumers by the 11 electricity distribution companies (DisCos) was N172.9bn in the third quarter of 2018 but only a total…

IPP lights up Ariaria Market manufacturing activities with 9.5MW plant

Fresh lifeline has come the way of thousands of Small and Medium Enterprises (SMEs) doing business at the popular Ariara Market in Aba commercial city of Abia State following the inauguration of the new Independent Power Project (IPP) with a…

NESG disturbed on selective growth since recession exit, seeks balancing

Fresh report rolled out by the lead economic study group in Nigeria, the Nigerian Economic Summit Group (NESG) has painted a gloomy picture of the way and manner of recovery trailing the economy since exit from recession. According to the…

Monopoly fear deepens as Coca-Cola completes buy over of Chi Limited

Strong fears of possible price hike have engulfed the marrows of regular consumers of products of Chi Limited products in Nigeria following the announced completion of the acquisition of Chi Limited by Coca-Cola group. Chi Limited was founded in Lagos…