Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2021

Nigerian-born Adeyemo becomes first black US deputy secretary of treasury

The US Senate has confirmed the nomination of Nigerian-born Adewale Adeyemo as the deputy secretary of the treasury department. The feat makes him the first African American to hold the position. Adewale Adeyemo’s appointment was confirmed on last Thursday on…

‘No indication that oil sheen on Delta water is from Chevron installations’

Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL is aware of a report in the media and some communities about an alleged oil spill from Abiteye, Makaraba and Utonana Fields…

‘AfCFTA trade bloc a game changer for African people, business’

Exploring strategies to deepen private sector participation in the implementation African Continental Free Trade Area (AfCFTA) was the highlight of a panel session during the 2021 WTO Aid-for-Trade Stocktaking meeting. The African Development Bank (www.AfDB.org), the United Nations Industrial Development…

Asteven Energy, Kwara team up on solar farm tunnel scheme

Kwara State government has partnered with Asteven Energy Group through its Renewable Energy Academy (REA) to develop technical capacity for the state’s energy ministry staff. This is even as the State has become the toast of the African Energy Industry…

Anambra means business on int’l cargo airport—NCAA DG

The Director General and chief executive officer of the Nigerian Civil Aviation Authority (NACA), Captain Musa Nuhu, has said that Anambra State means business with the building of its international cargo and passenger airport. Explaining issues during a tour of…

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ICT

‘The Voice Nigeria Season 3’ to Air on Airtel TV today

International singing competition, ‘The Voice Nigeria Season 3’, will air on Views Channel on Airtel TV, on Sunday, March 28, 2021 at 8pm. The content from the show will also be available on-demand from 9pm on Sundays after the live…

Ecobank Group posts N641.8bn revenue in 2020 financial year

Leading Pan African financial giant, Ecobank Group said it recorded a revenue of N641.8 billion for the year ended December 31, 2020. The feat represents nine per cent increase compared with N586.9 posted in the corresponding period of 2019. In…

ICT

NITDA sponsors 5 startups to Taipei Smartcity Expo 2021

The National Information Technology Development Agency (NITDA) has confirmed sponsorship of five startups to take part in this year’s Smart City Summit and Expo (SCSE) organized by the Taipei Computer Association. SCSE is a professional tradeshow that provides opportunities for…

ICT Industry

HP, Samsung, Infinix, Unilever, others lines up for Konga Battle of Brands

All is getting set for the inaugural edition of Battle of the Brands, a much-anticipated campaign exclusive to Nigeria’s leading composite e-Commerce giant, Konga. Battle of the Brands kicks off on Friday, March 26 and will run till Wednesday, March…

Why CBN voted to hold all key parameters constant at MPC meeting

Faced with the dilemma of (1) maintaining an accommodative monetary stance to stimulate economic growth or (2) hiking interest rates to tame rising inflationary pressures, the Monetary Policy Committee (MPC) voted to hold all key parameters constant. However, unlike the…