Business Hilights

Tracking Nigeria's Headline Business News Online

Day: October 10, 2019

Just in: ‘Fear Not,’ who disarmed solider on Gov Umehi’s convoy arrested

Gradual peace has begun to return to Ebonyi State, barely four days after a deadly criminal named Chibuike, popularly called ‘Fear Not’ was caught by massive manhunt staged day and night by community youths and the Army. He was Thursday…

Vodacom NTITA awards
ICT

Vodacom sweeps laurels at ATCON powered NTITA 2019 Awards in Lagos

Leading pan-African total communications solutions provider, Vodacom Business Nigeria received multiple awards at the just concluded 3rd Nigeria Tech Innovation and Telecom Awards (NTITA), powered by InstinctWave and the Association of Telecommunications Companies of Nigeria (ATCON). The awards, according to…

Investment Bank offers IMSG N100b Project Funding Support

Recent drive for both local and foreign investors by the Imo State Governor, Hon Emeka Ihedioha has started yielding fruits as a Nigerian Investment Bank, FSL Securities Limited has offered to assist Imo State Government in raising about N100bn for…

Senate chambers
ICT

Ghana begins 9% hike in communication tax as Bill passes 1st reading in Nigeria

Official hike from 6% to 9% in Ghanaian Communication Service Tax (CST) levied on all telecoms subscribers’ took effect from October first this year. The increase stemmed from the mid-year review and supplementary budget presented to Parliament by Mr Ken…

Banks’ deposit with CBN receding due to new Loan-to-Deposit Ratio of 65%

Since the Central Bank of Nigeria (CBN) increased the Loan-to-Deposit Ratio (LDR) from initial 60% to 65%, there had been a serious drop in banks’ deposit with the apex bank through the Standing Deposit Facility by 68 per cent in…

Coca-Cola repackages improved 5Alive in handy bottle

As part of its ongoing products repackaging process to meet the yearnings of its massive customer base, Coca-Cola Nigeria Limited has transitioned Nigeria’s favourite fruit drink, 5Alive from tetra pack to a handy bottle. This refreshing transformation is available in…

Ekesons Transport set record, creates first-class cabins in luxury buses

Leading national luxury bus operator, E Ekesons Bros Nigeria Limited, has stepped up customer care and innovative service delivery by introducing buses with special demarcations for First-Class and Economy travelers in Nigeria. The new set of custom build buses have…

Abuja Declaration from GMNC organized by NIMASA

International delegates at the Global Maritime Security Conference (GMSC) rose at the end of the three days engagement from Monday 7th to Wednesday 9th October, at the International Conference Centre in Abuja, with a firm declaration to globally criminalise acts…

Cost of solar plant maintenance to soar as global demand increases

Just as global adoption of renewable energy resources and mainly solar is jumping; a new report has disclosed that costs of repairs and maintenance of solar panels, batteries and associated fittings are now on the rising spree. According to the…

Complication as Buhari squeezes in N’ East data collection to EAC terms

Fresh mandate tactically brought by President Muhammadu Buhari to the original terms and reference of the members of Presidential Economic Advisory Council (PEAC) during their inauguration, has created disquiet amongst development economists and public affairs analysts. President Buhari, who on…