Business Hilights

Tracking Nigeria's Headline Business News Online

Month: August 2021

Declining piracy to end war risk insurance, shipping cost—NIMASA

– As Shippers’ Council Calls for Improved Inter-agency Synergy Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has stated that a sustained reduction in reported cases of piracy and other maritime crimes in Nigerian…

Glo 88
ICT

Glo heralds 18th Anniversary with FREE Calls, Data for Customers

Leading digital telecommunications solutions provider, Globacom, has announced it will give its customers FREE airtime and data to commemorate its 18th anniversary. The operator currently has over 50 million subscribers on its network. In a special anniversary statement released to…

NNPC Records N287b Profit After Tax In 2020

President Muhammadu Buhari, who doubles as Minister of Petroleum Resources, has announced a Profit after Tax of N287 billion by the Nigerian National Petroleum Corporation (NNPC) in 2020. Buhari in a statement issued on Thursday by his Special Adviser, Media,…

ICT

Konga Co-CEO, Nnamdi Ekeh to speak on global E-Commerce today

Prince Nnamdi Ekeh, Co-CEO of Nigeria’s leading e-commerce giant, Konga Group and Founder, Yudala.com, has been solely selected to speak on a global conversation on e-commerce in Africa. The session holds on Friday, August 27, 2021 by 5pm. Specifically, the…

NGX CEO Lauds Lafarge Plc for Commitment to Sustainability

The Chief Executive Officer, Nigerian Exchange Limited, Mr. Temi Popoola,  has commended Lafarge Africa Plc for demonstrating its commitment to adopting sustainable business practices. This was expressed at the Facts Behind the Sustainability Report presentation by Lafarge Africa Plc on…

ICT

ICT dominates record contributions to GDP at 17.92%, says Minister

The Honourable Minister of Communications and Digital Economy, Isa Ali Ibrahim Pantami, PhD is highly delighted to hear of the growth of the contribution of the Information and Communications Technology (ICT) sector to Nigeria’s Gross Domestic Product (GDP) in the…

Nigeria’s real GDP jumps by 5.01% y/y in Q2-21

The recently released Q2-21 GDP report by the National Bureau of Statistics (NBS) showed that Nigeria recorded the third consecutive quarter of growth as the low base effect from the prior year magnified the impact of the sustained reopening of…

ICT

SMEs crucial to economic growth, stability—NITDA boss

Small and Medium Enterprises (SMEs) are predominantly the backbone of economic growth in any country and have accounted for the successes of most businesses globally, with ICT being a major driving force for enhancing efficiency. This was made known by…

5G and others
ICT

5G: Our State of Readiness is Very High—-Danbatta

Shortly after the Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami revealed the Federal Government’s position on the deployment of 5G networks in Nigeria, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba…

Delta continues fleet renewal with 30 additional Airbus A321neos

Delta continues to refresh and upgrade its fleet, adding 30 incremental A321neo aircraft to its existing order book with Airbus. This transaction further positions the airline as a leader in the recovery and beyond. Agreement with Airbus adds 30 state-of-the-art…