Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2020

ICT

Danbatta set for confirmation as Senate Committee lauds 5-year Scorecard

The Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, is set to be confirmed by the Senate for his reappointment by the President for another five-year term in office…

AKSG, others applaud Agbami parties on donation of Science Laboratory

The Akwa-Ibom State government has applauded Star Deepwater Petroleum Limited (a Chevron company and operator of the Agbami unit) and its parties in the Agbami field, Famfa Oil Limited, Nigerian National Petroleum Corporation (NNPC), Equinor Nigeria Energy Company Limited, and…

Heritage Bank upgrades HB ‘Padie’ Mobile App for easy access to banking services

Heritage Bank plc, Nigeria’s most innovative banking service provider has upgraded its HB ‘Padie’ mobile application to HB ‘Padie’ 2.0, which comes with new improved features for convenient, quick, secure and affordable way for seamless 24/7 banking transaction. The HB…

Capacity training programme with hands-on joint learning good for FG—Minister

Honourable Minister of Finance, Budget, and National Planning, Mrs. (Dr.) Zainab S. Ahmed, at the Capacity Building for Special Advisers and Technical Assistants of the Ministers of the Federal Republic of Nigeria in Abuja, on Sunday, July 19, 2020, has…

Nigerians banks not just coming, they’ve already arrived in Kenya

The sale of Kenya’s Transnational Bank to Access Bank of Nigeria should have been a big headline. Access is not the first Nigerian bank to get a foothold in Kenya; Guaranty Trust (GT) and UBA already have a presence here….

NLNG fights Reps back, denies alleged $1.05bn illegal withdrawal

The management of NLNG Limited and the Managing Director/Chief Executive Officer, Tony Attah, has reacted to the ongoing probe of alleged withdrawal of $1.05bn by the Nigerian National Petroleum Corporation (NNPC). In a statement weekend, NLNG averred that its attention…

Nigerian headline inflation soars y 12.56% in June 2020 ― NBS

Nigeria’s consumer price index (CPI) which measures inflation jumped by 12.56 per cent (year-on-year) in June 2020. This is 0.16 per cent points higher than the rate of 12.40 per cent recorded in May 2020. The National Bureau of Statistics…

Gulf of Guinea, off West Africa accounts for 90% of 77 piracy cases—Report

The International Maritime Bureau’s (IMB) latest piracy report has indicated the Gulf of Guinea, in spite of all efforts to the contrary, is the world most dangerous, where seafarers daily face attackers armed deadly weapons. The report specifically noted the…

Customs FOU Owerri Zone continues onslaught on smugglers

The doggedness of operatives of the Nigeria Customs Service Federal Operations Unit Zone ‘C’ Owerri, covering the Benin axis, has continued to pay off with seizures of 10,080 pieces of used tyres, 205 bales of second hand clothing, used bags,…

NERC plans strange variations in power supply, tariff regime on new hike

If the revelations of the chairman of Nigeria Electricity Regulatory Commission (NERC), Prof James Momoh on Monday, is anything to takeaway, it means that the Nigeria poor should get ready to receive and pay for poor quality of electricity which…