Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2019

Lai M
ICT

Osinbajo, Lai Mohammed on different direction over social media regulation

Barely less than one week the Vice President, Prof Yemi Osinbajo made it clear that government has no interest in regulating social media, Minister of Information and Culture, Alhaji Lai Mohammed, on Tuesday said it was working on how to…

Ghana CBG
ICT

2nd Ghana’s biggest bank, CBG goes live on Temenos core banking platform

Temenos AG, the banking software company, Tuesday announced that Consolidated Bank Ghana Limited (CBG) has gone live with Temenos T24 Transact, the next generation in core banking, to power its operations for retail and corporate banking. Temenos’ cloud-native, cloud-agnostic platform…

Banking halls may soon look like dusty Post offices if…

The Retail Banking Report 2019 has shown that fast emerging digital deposit and payment platforms globally, are beginning to change the financial transaction behavior of bank customers by taking them away from the physical branches to digital platforms especially in…

Fidelity Bank’s 9 months profits jumps to N23bn set to deliver 2019 targets

Leading retail banking giant, Fidelity Bank Plc has posted an impressive financial performance for the 3rd Quarter of 2019 and is on course to finishing strong in the 2019 Financial Year (FY). Details of the 9-months results for the period…

Revealed: Benin based smugglers’ importing rice in containers from Tin Can Port

Desperate chronic rice smugglers hitherto using Cotonou Port in Benin Republic for Nigeria-bond rice, have devised yet another deadly means by stocking bags of rice in containers and declaring such another non-contraband goods to escape impoundment. However, Tuesday, luck ran…

NAMA begins to end blind spots in Eastern corridor of the Nigerian airspace

Ahead of full resumption of runway repairs at the Akanu Ibiam International Airport, Enugu, the Nigerian Airspace Management Agency (NAMA), this week flagged off installation of equipments to end blind spots in the eastern corridor of the Nigerian airspace. Key…

IOCs shielding their operational data from NDR— NAPE President

The President of the Nigerian Association of Petroleum Explorationists (NAPE), Ajibola Oyebamiji, has opened up on the dearth of critical operational data in the oil and gas industry, saying many International Oil Companies (IOCs) are sabotaging efficiency in the build…

Warri, Kaduna refineries to bounce back next year as repairs continue on PH

No doubt, Nigeria and Nigerians are now faced with two delivery dates for all four national refineries which had been moribund for decades. Whereas the first delivery of 2023 was given by the GMD of Nigerian National Petroleum Corporation (NNCP),…

Coca-Cola Beverages Africa seals digitization deal with Siemens

As competition for digitalization of production lines to boost flexibility and efficiency in Food and Beverage rages, the Nairobi Bottler’s Embakasi Plant based in Nairobi, Kenya, which is a fully owned subsidiary by Coca-Cola Beverages Africa (CCBA), has received a…

Fidelity Bank raises business security at Lagos trade fair complex with 3 Hilux

The Managing Director of Fidelity Bank Plc, Mr Nnamdi Okonkwo, Monday fulfilled his promise to the business community at Lagos Trade Fair complex, Badagry Expressway by donating three brand new Toyota Hilux for security and surveillance patrols within the corridor….