Business Hilights

Tracking Nigeria's Headline Business News Online

Day: March 25, 2019

UBA adopts Cost Efficiency, Improved Asset Quality to drive performance in 2019

As sub-Saharan economies continue to battle squeeze, Pan African financial institution, United Bank for Africa (UBA) Plc has assured its local and international investors that it’s prudent focus on improved asset quality as well as the continuous adoption of strict…

Zenith targets Nigeria’s most electronic banking giant in 5 years—Amangbo

The management of Tier 1 financial giant, Zenith Bank Plc has vowed to turn the table in becoming Nigeria’s most digital bank in the next five years. Rolling out planned strategic investments in modern banking technology, the bank at its…

Road cutting for FOC
ICT

Will NCC’s subsidy to InfraCos foot discouraging RoW bills by states?

The weekend cheerful news from the telecoms regulator, the Nigerian Communications Commission (NCC) hinting that it has concluded process leading to the disbursement of subsidies to the six licensed Infrastructure Companies (InfraCos) has been received by stakeholders with mixed feelings….

Huawei Li
ICT

Huawei helping enterprises expand business coasts via technologies—Li

The Chief Executive Officer, Huawei Enterprise Nigeria, Tank Li has assured indigenous enterprise organizations of provision of high level ICT innovation solutions, technologies including 5G, AI, IoT, and cloud computing to expand the boundaries of their businesses. Explaining more at…

(Special Report) Ondo, Edo may gain from $7.1b Africa’s cannabis market if…

Growing legalization of cannabis usage across the world may become a huge investment window for both Ondo and Edo states of Nigeria currently famous for salutary soils for the production. This is coming from a new global report which revealed…

Air Peace now face of Nigeria in global aviation industry—CEO

Following last week’s arrival of the third Boeing 777 aircraft, recently acquired by Air Peace, Chairman and Chief Executive Officer of the airline, Allen Onyema has averred that the carrier had proved beyond doubt that it was the face of…

NNPC begins TAM on Port Harcourt refinery, mute on cost, contract terms

A number of industry pundits have started asking questions ranging from where did the Nigerian National Petroleum Corporation (NNPC) get the capital being used to carry out the purported first phase of the rehabilitation of the 210,000 barrels per day…

Ongoing software upgrade for Boeing 737 Max may raise hopes of continued usage

…As software fix expected early this week, US approval in April Contrary to earlier speculations that the recent worldwide grounding of Boeing 737 Max 8 and 9 following the back-to-back crashes in Indonesia and Ethiopia, hopes of fixing the suspected…

Revealed: How Discos gain from not evacuating all produced electricity

An independent investigation carried out by an aggrieved Nigerian electricity consumer, Citizen Emma Anya has painted an annoying picture of how power Distribution Companies (Discos) bleed Nigerian residential consumers. According to him, “When Power, Housing and Works Minister, Mr Babatunde…

Minister to inaugurate Nominees for RFQ, REP Evaluation Process In April

To ensure integrity and transparency in the evaluation process of Statements of Qualification (SOQs) and Request for Proposal (RfP) package from interested parties for participation, the Minister of State for Petroleum, Dr. Ibe Kachukwu will next month, inaugurate the approved…