Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2021

CBN earmarks N41bn through Heritage Bank for Dry Season wheat projects’ farming

In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple States for the expansion…

Nigeria’s Green Bond Market Exceeds N55Bn Mark

The Chief Executive Officer, NGX, Temi Popoola CFA, disclosed this during the Sustainable Finance Training 2021  hosted by NGX in collaboration with the International Finance Corporation (IFC), while adding that The Exchange is committed to fostering the growth of sustainable…

Dangote Cement Partners FRSC for accident-free road transportation

As a way of deepening its CSR, Dangote Cement Plc, Ibese has embarked on road safety awareness campaign as well as provision of road safety kits to motorists and commercial motorcyclists to help ensure accident-free road transportation. Also, the Company,…

Over 50,000 unreturned containers fuel hike in freight rate – FG

The Executive Vice Chairman of the Presidential Task Team on the Restoration of Law and Order in Apapa Port, Dr. Kayode Opeifa, has said that over 50,000 unreturned empty containers are responsible for hike in freight rate in the country….

ICT

63.97 million lines disconnected amid SIM–NIN linkage

63.97 million lines were disconnected in one year amid the National Identity Number-Subscriber Identity Module data verification, data obtained from the Nigerian Communications Commission show. The NCC data revealed that the total number of connected lines in the country fell…

FG denies TIN-for-bank account requirement in Finance Bill

The Presidency said on Sunday that there is no provision in the Finance Bill (2022) that states that banks will be required to request for Tax Identification Number before opening bank accounts for individuals and existing account holders must provide…

Konga Yakata 2021 records over 180% growth

Konga, Nigeria’s leading e-commerce giant, has drawn the curtains on a hugely successful 2021 edition of its annual Black Friday sale tagged Konga Yakata, with the company witnessing a massive 180% growth in Gross Merchandise Value (GMV). The record-breaking development…

ICT

Glo to create 10 more car owners in December’s Joy Unlimited Extravaganza Promo

Telecommunications company, Globacom, is poised to bring joy to its customers as it plans to give 10 more brand new Kia Rio cars to lucky winners in its Joy Unlimited Extravaganza promotion this December. Globacom has already organized four prize-presentation…

ICT

Blockchain tech; needed for digital transformation—NITDA

With the advent of emerging technologies which are disrupting the existing traditional processes by revolutionizing the way people interact and transact businesses, the Director General of the National Information Technology Development Agency, Kashifu Inuwa CCIE has said that Blockchain technology…

ICT

5G: NCC Carries out Successful Mock Auction of 3.5 GHz Spectrum

The Nigerian Communications Commission (NCC) has successfully carried out a mock session for the 3.5 gigahertz (GHz) spectrum auction for the deployment of the Fifth Generation (5G) network in the country. The simulated auction, which took place on Friday, December…