Business Hilights

Tracking Nigeria's Headline Business News Online

Month: February 2022

ICT

QNET stands by distributors in Nigeria

QNET has been made aware of the detaining of more than 100 of its distributors, also known as Independent Representatives (IRs) in Gombe, Nigeria. QNET would like to reiterate the company’s solidarity for its IRs and encourage the authorities to…

ICT

NITDA pledges developmental project in Kwara State

In commemoration of the International Education Day and bridging digital gaps in Kwara State through implementing the National Digital Economy Policy and Strategy, NDEPS, the Director-General of the National Information Technology Development Agency (NITDA) Kashifu Inuwa, CCIE, has promised to…

ICT

MTN: Q4-21 standalone PAT rose by 28.5% y/y to NGN78.34 billion

MTN Nigeria Communications Plc (MTNN) released its 2021FY audited results at the close of business on Friday (28 January). The report revealed that Q4-21 standalone PAT rose by 28.5% y/y to NGN78.34 billion while EPS stood at NGN3.85 (+28.5% y/y),…

Dangote Cement empowers 245 youths in host communities

…Ogun thumbs up cement company No fewer than 245 youths from Dangote Cement Ibese Plant’s 16 host communities have been trained and empowered till date in different skills since the commencement of operations in Ibese with significant impact on the…

NIMASA grossed conditional survey of flag registration by 43.6% in 2021

Port State Inspection grows by 24.2 % As Jamoh Reiterates Agency’s Commitment to Shipping Development. The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh has announced an increase of 43.6% in condition survey for…

(Special Report) How NIMASA boosted FG’s STA account year-on-year

Director General of Maritime Administration and Safety Agency (NIMASA), NIMASA, Dr Bashir Jamoh, has disclosed that his agency boosted the Federal Single Treasury Account (STA) by contributing N37,691,630,450.02 (N37.6b) to the federation account, compared with N31, 839,917,978.20. (N31.8b) within same…

ICT

NITDA assures continuous support for PLWD on digital inclusion

As part of efforts to promote digital inclusion, the National Information Technology Development Agency,  NITDA, has assured that it would continue to give equal opportunities to the vulnerable especially People Living with various forms of disabilities in the country. This…

ICT

New SMS-based Android Malware, TangleBot, Unleashed by Cybercriminals

The Nigerian Communications Commission (NCC), again, has been informed of a new high-risk, critical and Short Messaging Service-based malware, TangleBot, infecting Android mobile devices. TangleBot employs more or less similar tactics as the recently-announced notorious FlutBot SMS Android malware that…

Dangote Cement booms jobs creation in Tanzania, Defence College

The National Defence College (NDC) of Tanzania has commended Dangote Cement for fueling job creation in the country. The Commandant of the College, Major Gen. IM Mhona, stated this when he led a delegation of participants from the institution as…

QUANTRON accelerates decarbonisation in goods,passenger transport

Prof. Dr.-Ing. Raimund Klinkner, Chairman of the Executive Committee of the German Transport Forum (DVF): “Quantron AG is converting diesel-powered commercial vehicles to realise emission-free drive technologies. This facilitates a faster conversion of truck and bus traffic to climate-neutral drive…