Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2019

MTN Chat
ICT

Clickatell assists MTN South Africa to launch chat commerce on WhatsApp

MTN South Africa has partnered with global customer engagement company, Clickatell, to launch MTN Chat, designed to enable its customers to engage with the telco on WhatsApp. Clickatell is a WhatsApp Business solution provider. The WhatsApp Business API provides brands…

Gas flaring: NGFCP ups gas commercialization speed to end yearly loss of N302bn

The Program Manager, Nigerian Gas Flare Commercialization Programme (NGFCP), Mr. Justice Derefaka has given fresh assurance that efforts are on high speed to fast track commercialization of flared gases in Nigeria so as to end the yearly loss of over…

Chevron’s Star Deepwater, Agbami parties bag award at Nigeria’s World TB Day

Star Deepwater Petroleum Limited (a Chevron company and operator of the Agbami unit) and its parties in the Agbami field including Famfa Oil Limited, Nigerian National Petroleum Corporation (NNPC), Equinor Nigeria Energy Company Limited, and Petroleo Brasileiro Nigeria Limited, have…

Dropping MPR from 14 to 13.50% can’t guaranty banks loan give out—Experts

At the end of its 266th meeting (second this year) Tuesday, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) voted to cut benchmark rate by 50 bps – first time is since September 2015. However, financial pundits have…

IMF hails Ghana for stabilizing troubled nine banks

Following the successful completion of recent banking reforms in Ghana which among order things buoyed the stability of trouble nine commercial banks via recapitalization, the International Monetary Fund (IMF) Executive Board has expressed delight on the performance of the Bank…

Crash: We at Ethiopian Airlines’ll feel the pain forever—CEO

The Group Chief Executive Officer of Ethiopian Airlines, Tewolde GebreMariam has noted that whereas investigations continue on the truth of what led to its Boeing 737 Max-8 accident which killed all on board on Sunday, March 10, 2019, “This has…

About 5,706 used cars imported monthly into Nigeria from the US—USDC

A report on used car imports from the United States released by the US Department of Commerce, Office of Transportation and Machinery has revealed that imports for August 2018 showed that Nigeria took an average delivery of 5,706 cars. The…

N3bn scam by FG to resume oil exploration in Ogoniland can’t work—MOSOP

…As NGOs call for withdrawal of presidential order on resumption of exploration Confusion is currently brewing against the planned resumption of oil exploration activities in Ogoniland as the leading pressure group in the community, the Movement for the Survival of…

External borrowing mortgaging Nigeria, 5 other largest African economies—ECA

Contrary to arguments of finance ministers that external borrowings have little or no strong negative impacts on domestic economies, fresh report released at the ongoing 52nd Session of the Conference of African Ministers of Finance, Planning and Economic Development, in…

SIM cards 33
ICT

Networks, govts synergy needed to fight SIM boxing in Africa—Sebbaale

Leading Ugandan based African ICT consultant, Derrick Sebbaale has raised an issue of urgent continental importance on the need to fight to finish, the illegal act of SIM boxing and veiled redirection of international calls, saying the criminality is frustrating…