Business Hilights

Tracking Nigeria's Headline Business News Online

Day: October 24, 2019

NITDA Buhari
ICT

Pantami’s ambition may cause inter-ministerial, agency confusion—Experts

Contrary to wide acceptability expected from many, pundits in communications and telecoms have raised serious concerns over the working templates of the change in the nomenclature of former Ministry of Communications which was renamed Ministry of Communications and Digital Economy…

Innoson Motors reacts, says FG didn’t order our relocation to Lagos or Kaduna

The management of Innoson Vehicles Manufacturing (IVM), proudly Nigeria’s indigenous vehicle manufacturing giant, has reacted to a viral report circulating in social media with claims that the group will continue to suffer serial government’s discouragements pending when it will agree…

Ghana Akufo-Addo
ICT

Ghana moves to criminalise sharing of fake, inapt social media content

In what may translate to gagging ‘Citizen Journalism’, Ghanaian Minister of Communications, Mrs Ursula Owusu-Ekuful, has given strong indication that government is working on a bill that would soon criminalise the sharing of inappropriate social media content. According to her,…

Zenith Bank’s unaudited 9M-19 results show 4.5% y/y jump in profitability

Recently released Zenith Bank Plc’s unaudited 9M-19 results, which analysts at Codros Capital and others say are in line with expectations, see gross earnings grew by 3.5% y/y with supports by non-funded income as interest income growth has remained weak…

No Xmas as completion of Enugu Airport repairs shifted to Easter 2020

From his initial promise of early December 2019, the Minister of Aviation, Senator Hadi Sirika, has said that the possible delivery date for the repair work on the Akanu Ibiam International Airport, Enugu State is no more December this year,…

FG has no business taking W’Bank loan on behalf of Discos—Group

More pressure groups and professional bodies have continued to stand against the ongoing Federal Government’s move to borrow $3billion World Bank loan to finance the power sector. Experts who are opposed to the borrowing spree of the current administration raised…

Backfire as US withdraws $190m concession to Ghana over sack of Discos

Barely one week after the Government of Ghana cancelled Discos concession deal on grounds of irregularity in payments and poor service delivery, the United States government has cancelled the second tranche of the funds made available to Ghana under the…

Industry captains to discuss telecoms mergers, acquisitions in London

All is set for TMT Finance Africa 2019 to take place in London on November 28 2019 with a renewed agenda focusing on investing in the next phase of digital infrastructure. With over 70 TMT C-Level key financial decision makers…