Business Hilights

Tracking Nigeria's Headline Business News Online

Year: 2022


(Special Report) Return of NCC’s InfraCo Licenses Imminent in 2023?

In the strategic wisdom of the lead telecoms regulatory agency, the Nigerian Communications Commission (NCC), it structured what it called Infrastructure Companies (InfrCos) to drive the deployment of broadband infrastructure across the nation about 10 years ago. However, that has…


(Analysis) How Smile Communications Roared VoIP Segment in 2022

In the beginning, Smile Communications made it clear that it aims to become the broadband provider of choice to everyone in Africa and enable Smile customers to fully benefit from the internet world. Our vision is a connected Africa. Currently,…


How political will killed Nigeria, China $23bn deal for three refineries in 2010

Earlier in May 2010, the Nigeria National Petroleum Corp (NNPC) and China State Construction Engineering Corporation (CSCEC) signed a $23bn (£16bn; 18bn euros) deal to build three refineries. The two will jointly seek financing and credits from Chinese authorities and…

ALTON Awonuga-Gbenga-Olajide

Telcos seek NCC approval to disconnect banks over N80bn USSD Debt

Consortium of Nigerian Telecoms operators have reached out to the Nigerian Communications Commission for approval to phase out the Unstructured Supplementary Service Data offered to banks due to over N80bn. The Chairman, Association of Licensed Telecoms Operators of Nigeria (ALTON),…

Foreign Vessels Violating Fishing Regulations, Orakwusi Reveals

The Chief Executive Officer, Morbod Group, Mrs Margaret Orakwusi, has alleged that fish poachers with foreign vessels fail to conform to rules and regulations on African waters. Orakwusi, explained that foreign vessels extract the bottom-to-the-top approach without considering the future….

CCECC-CRCCIG Consortium emerges preferred Bidder For 4th Mainland Bridge

Lagos State Government has announced Messrs CCECC-CRCCIG Consortium as the preferred bidder for the proposed Fourth Mainland bridge project. The Special Adviser to the Governor on Public Private Partnerships (PPP), Mr Ope George said at a briefing at the PPP…

Ajaokuta Steel: Avoid previous shrouded concessioning, Expert to FG

Due to the monumental failures of promises made by politicians especially during campaigns, a Development Economist, Ken Adedeji has cautioned the out-going administration not to conduct the kind of concessioning that is killing the nation’s power sector. He said handing…


Harvest of awards for Digital Encode at BusinessDay Leadership Award 2022

At the Nigerian Business Leadership Awards, organized by BusinessDay Newspaper held in Lagos on December 03, 2022, the co-founders, with many laurels in the bag, received industry-wide accolades for their outstanding contribution to the growth of information security industry and…

Dangote Refinery Awards Scholarship To 460 Students

In continuation of its Corporate Social Responsibility (CSR) policy, Dangote Petroleum Refinery and Dangote Fertiliser Limited have awarded scholarships to 460 students of secondary schools and tertiary institutions from its host communities in Ibeju Lekki, Lagos State. The company said…


FG moves to transform Nigeria into hub for talent, innovation

The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE has said the Federal Government is prioritising efforts to establish Nigeria as a leading hub for talent and innovation in Africa. Inuwa said this at the closing ceremony…