Business Hilights

Tracking Nigeria's Headline Business News Online

Month: November 2019

Just in: Dangote celebrates 160 Staff at Long Service Award Ceremony in Lagos

…Eulogizes, presents post-humous award to ex-employees Leading industrial giant and Africa’s pioneer conglomerate, Dangote Industries Limited has presented 160 employees with long service award in recognition of their commitment, loyalty, and exceptional service in Lagos. The company considered the star…

ALTON logo
ICT

USSD issue deserves stakeholders’ meeting not unilateral directive—ALTON

The umbrella body for all telecom firms including main network operators (MNOs), the Association of Licensed Telecommunications Operators of Nigeria (ALTON), has blamed the Minister of Communications and Digital Economy, Dr Isah Pantami, for not convening a broad stakeholders meeting…

Like CBN, BoG ends MPC meeting retaining all rates over inflationary fears

The impacts of negative inflationary trends bugging key economies in West Africa due to certain policy decisions so far taken have forced Nigeria and Ghana monetary policy makers to maintained rates status-quo in their meetings this week. Otherwise, for fear…

Air Peace/IRS Case: Our $212.6m aircraft deal intact—Brazilian firm

Contrary to speculations that the sudden release of incriminating documents believed to have come from the Internal Revenue Service (IRS) of the United States of America’s Northern District Court of Georgia may frustrate the recently sealed bid by Air Peace…

Activate Google Map App before setting your vehicle in motion, FRSC explains

Contrary to a news publication misquoting Sector Commander of the Federal Road Safety Corps (FRSC), Abuja, Corps Commander Wobin Ayuba Goran that the Corps is against use of Google map app while driving, the FRSC Public Education Officer, Mr Bisi…

Whither local content law if Briton succeeds Nigerian-born Avuru at Seplat?

…As Ghana warns against fronting in oil and gas industry Having steered the affairs of leading indigenous oil and gas giant, Seplat Petroleum Development Company, for a successful decade and ready to exit July next year, the notice that outgoing…

Housing industry may pick up as CBN sets new capital base for mortgage firms

Recent new capital base for mortgage firms set by the Central Bank of Nigeria (CBN) has continued to elicit reactions from industry experts. Recall that the apex bank had earlier in the week, set a minimum capital requirement of N10…

Ihedioha: Imo State lucky to have a 21st Century-compliant Governor—Minister

Visiting Minister of Youth & Sports Minister, Mr. Sunday Dare, has hailed the electorates in Imo State for electing as their governor, a 21st Century-compliant Governor, Rt. Hon. Emeka Ihedioha. Speaking while being conducted round ongoing renewal works at the…

Imo’s 53.8% capital expenditure in 2020 budget excellent—Experts

Development economists have continued to hail the government of Imo State for coming up with a development masterstroke in the recently presented 2020 budget of N197.6 billion to the Imo House of Assembly by the Governor, Chief Emeka Ihedioha. The…

ALTON Awonuga-Gbenga-Olajide
ICT

Force majeure imminent on telecom services near land borders—ALTON

The Association of Licensed Telecoms Operators of Nigeria (ALTON) Wednesday announced that the continued restriction of discharge of petroleum products in filling stations within 20km radius to the land borders has started affecting Base Transceiver Stations (BTSs) and masts within…