Business Hilights

Tracking Nigeria's Headline Business News Online

Month: April 2021

Nigeria ranks 8 on cryptocurrency global average annual online searches

Latest report at Invezz.com has shown that upon the official rejection by the Federal Government, Nigeria is ranked 8th amongst countries that search most on cryptocurrency. With the value of the Dogecoin cryptocurrency increasing by 88% last week, there has been…

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CNN’s Connecting Africa explores Africa’s telecommunications industry

The latest episode of Connecting Africa, CNN International’s Eleni Giokos looked at how Africa’s telecommunications industry is transforming business and gearing up for a more interconnected continent. Giokos interviews the CEOs of several major telecommunications companies and sees how their…

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NITDA on the part of driving Nigeria’s digital economy—NCC boss

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has disclosed that the National Information Technology Development Agency (NITDA), remains a critical agency, capable of enabling Nigeria to achieve and sustain its digital technology transformation. Speaking…

Growth in non-core income items soars UBA’s performance in Q1

The United Bank for Africa’s (UBA) released unaudited Q1-2021 report late Monday, though showed that the bank recorded a strong performance during the period, deeper review showed that the performance was supported by growth in non-core income items as growth…

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TECNO mobile releases new-gen Spark 7P

TECNO mobile, a global premium mobile brand, has freshly launched the innovative Spark 7P smartphone for Gen Z. Packed with the dynamic 16MP AI Triple Camera and new Helio G70 chipset, the Spark 7P delivers the most captivating cinematic experience…

Global Gaming PC Shipments to Hit 30% Increase in Five Years

The COVID-19 continues fuelling impressive growth of the entire gaming industry, with millions of people spending more money on games and gaming equipment. According to data presented by 123scommesse.it, global gaming PC shipments are expected to hit over 65 million…

Ghana beats Nigeria again, receives $2.7b FDI in 2020

More salutary facts on why US digital giant, Twitter chose Ghana ahead of Nigeria as its African regional headquarters are still emerging. Just as global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to…

Konga and the $10b target by 2026

By Dr. Aje Boluwatife The Nigerian e-Commerce sector is a much-touted lucre that has attracted a number of players. The growing interest is buoyed by the rise in a youthful population, growing smartphone and internet penetration, the aspirational mind-set of…

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The story of NITDA explains Nigeria’s journey to a digital economy—DG

The Director General of National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi has revealed that “The story of NITDA explains Nigeria’s journey to a digital economy”. In his address at the 20th anniversary of the agency in Abuja on…

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200 NIN registration centres not enough—Nigerians

Whereas the Nigerian Communication Commission (NCC) has said that over 200 officially endorsed National Identity Number (NIN), registration center are active to ensure seamless registration and compliance with COVID-19 protocol, many Nigerians have argued that 200 centres are not enough…