Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2021

Seplat Petroleum offers $650m senior notes due 2026

Seplat Petroleum Development Company Plc, has priced its offering of $650 million in aggregate principal amount of senior notes due 2026. The Notes priced at a yield of 7.75 per cent representing a significant pricing reduction from its $350 million…

ICT

Anambra hosts largest Broadband Stakeholders’ Conference today

By Dr. Omoniyi Ibietan At 2.00 pm West Africa Time today (30th March 2021) a virtual conference will be hosted by the Government of Anambra State on FACILITATING BROADBAND ACCESS THROUGH A FAVOURABLE RIGHT OF WAY REGIME. Attendance is free…

Winners emerge in Heritage Bank’s ‘YNSPYRE’, Cream Platform Promo

Winners have emerged at the Heritage Bank Plc, ‘YNSPYRE’ Cream Platform Promo held in Abuja recently. CREAM Platform, Nigeria’s premiere creative reward platform officially kicked off its partnership with Heritage Bank’s YNSPYRE Initiative with the commencement of the CREAM Monthly…

ICT

Recession looms as telecoms faces hard times over NIN restrictions

Strong indications have started showing that the Nigerian economy may be drifting back to recession which it exited few weeks ago due to the SIM card restrictions imposed by the Nigerian Communications Commission (NCC) on the directive of the Minister…

How Konga, e-Commerce are rescuing 23 million unemployed Nigerians

By Hassan Kuja Nigeria is currently mired in the throes of a worsening unemployment tide. As you read this, the situation is so bad that out of every three Nigerians you encounter, one of them is unemployed. Numbers wise, Nigeria’s…

57 marginal oilfield bid winners pay off their bonuses—FG

Following the conclusion of the bid round for the award of 57 marginal oilfields, won by 161 of the bidding companies, the Minister of State for Petroleum, Chief Timipyre Sylva has revealed that over half of the bid winners have…

Anambra Int’l cargo airport ready for use in April—Obiano

Outgoing Anambra State Governor, Chief Willie Obiano has revealed that the Anambra Cargo Airport in Umueri, Anambra East Local Government will be ready for use in April. Obiano disclosed this when he led the joint committee of the National Assembly…

Why Buhari reappointed Alex Okoh, BPE boss for another 4 years

Concerned by the need to deliver on record time, ongoing planned concessioning of several moribund national assets, President Muhammadu Buhari has re-appointed Alex Okoh as the Director-General of Nigeria’s Bureau of Public Enterprises for a second four-year term. Senior Special…

New directive on MTN Mobile Money cash out transactions worry users in Ghana

MTN Mobile Money (Momo) users in New Juaben North Municipality have expressed dissatisfaction over the network’s decision to introduce a valid ID in its cash out transaction, saying it would increase fraudulent activities. The directive is not yet introduced in…

Heritage Bank marks 2021 World Water Day with donation of boreholes

Heritage Bank Plc, last week joined the rest of the globe to celebrate the World Water Day (WWD) 2021 with plans to assist a community in dire need of clean water by installing a bore hole. The theme for this…