Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2019

(Special Report) Milk, CBN, kids stunted growth and herdsmen/RUGA controversy

Last week’s policy position of the Central Bank of Nigeria (CBN) as revealed by the Governor, Mr Godwin Emefiele that milk import has joined the list of 42 items that will no longer access forex from the apex bank has…

Access Bank a Bank with a rigorous, disciplined capital plan—Wigwe

The Group Managing Director/CEO of Africa’s largest bank, Access Bank Plc, Herbert Wigwe, has revealed that his institution remains a Bank with a rigorous and disciplined capital plan. In his remarks on the successful outing of the bank on issuing…

Heritage Bank’s Training Institute equals CBN’s standard, gets CIBN nod

Heritage Bank Plc’s training school popularly referred to as “The Refinery” for new entrant staff has been accredited by the Governing Council of the Chartered Institute of Bankers of Nigeria (CIBN). The training school supervised by the Bank’s Human Capital…

AfCFTA national action still silent on transportation as FG Okays takeoff

Just as President Muhammadu Buhari has established a national action committee to begin the implementation of the African Continental Free Trade Area Agreement (AfCFTA), there are strong indications that the deficiencies in the nation’s logistics and transportation sector are yet…

Unilever Nigeria’s results for Q2 show N23.42bn turnover, rise in PAT

Contrary to its performance in first quarter (Q1), second quarter results of Unilever Nigeria released recently showed strength with a N23.42 billion turnover in period under review. Facts and figures from the result indicated an encouraging leap in Q2 as…

NNPC: Clearing pipeline corridors that carry next to nothing?

The recent announcement by the Nigerian National Petroleum Corporation (NNPC) that the Army Engineering Corps was set to demolish illegal structures erected along the Port Harcourt-Aba-Enugu-Makurdi oil pipeline corridor, has started to record mixed reactions from Nigerians. Recall that in…

Letter from southern Nigeria groups rejecting peace meeting with Miyetti Allah

Gen.Abdusalami Abubakar (GCFR) Former Head of State, Federal Republic of Nigeria Minna. Dear General, Re: Roundtable on National Issues and Security Greetings to you from the leaders of Southern and Middle Belt Leaders Forum. We individually received your invitation to…

Can Imo State own only 10% in a school recognized as state Varsity by NUC?

Another big issue that must be resolved by the current administration in Imo State is the true ownership of Eastern Palm University, Ogboko in Ideato area of Imo State. There had been rising speculations that the Eastern Palm University was…

mobile-money-ghana
ICT

Just in: MTN Nigeria unveils Yello Digital Financial Services Limited to lead Fintech

MTN Nigeria today (Monday, July 29, 2019) announced the coming on stream of its subsidiary, Yello Digital Financial Services Limited (YDFS) has been granted a full Super Agent Licence by the Central Bank of Nigeria (CBN) to drive financial technology…

MTN Ndukwe Dozie
ICT

How healthy is Ndukwe, Johnson, Okaurus’ inclusion in MTN Nigeria board?

Since the announcement of the retirement of the pioneer chairman and board members of MTN Nigeria and their replacement with yet another range of distinguished but powerful industry captains, sector experts’ reactions have been rising and mixed. Whereas some see…