Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2022

Energy Transition Key to Tackle Global Energy, Climate Crisis

Short-term interventions addressing the current energy crisis must be accompanied by a steadfast focus on mid- and long-term goals of the energy transition. High fossil fuel prices, energy security concerns and the urgency of climate change underscore the pressing need…

Access Bank completes holdco structure, changes in subsidiary

Access Holdings Plc has made public, board changes at its banking subsidiary, Access Bank Plc, with the completion of the scheme of arrangement and holders of its fully paid ordinary shares of 50k. This is coming on the completion of…

ICT

ALTON raises alarm on possible telecom blackout in Kogi, 9 others if…

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) wishes to express its concern about the shutting down of telecommunications facilities in Kogi State as a result of disputes arising from unusual taxes and levies demanded by the Kogi State…

NGX All-Share Index opens weak, down 0.14%

Opening this week on Monday, March 28, 2022, Nigerian equities closed the trading session weaker as the All-Share index lost 0.14% to close at 46,898.23 points – the lowest point since 31 January 2022. Losses in banking names, FCMB (-6.89%),…

Fidelity Bank presents N10m to Winners of GAIM 5 Monthly Draw

Rewards 150 customers with N55.4m in savings loyalty scheme Ten customers of Fidelity Bank Plc have smiled home with N1million each having emerged winners in the fourth monthly draw of the Fidelity Bank Get Alerts in Millions season 5 promo…

Akwa Ibom stops ExxonMobil from secret sale of assets

Plan by folding energy giant, ExxonMobil to sell off its exploration assets without recourse to its host state, Akwa Ibom has hit the rock. Otherwise, the Akwa Ibom State government has dragged ExxonMobil to court over an attempt to sell…

ICT

Smart Building Developments to Exceed 115m Globally in 2026—Report

A new study from Juniper Research has found that the number of buildings globally deploying smart building technologies will reach 115 million in 2026, from 45 million in 2022. This growth of over 150% reflects increasing demand for energy efficiency…

Can Amazon survive e-Commerce challenges in Africa?

By Tarila Ben-White (Ph.D.) Feelers indicate that Amazon may now be ready to explore what the continent has to offer on the e-commerce front but the nous and experience of indigenous giants such as Konga will come in handy if…

Dangote bankrolls Ogun, Enugu Trade Fairs, floods pocket friendly products

As part of efforts to rev up commerce, industry and economic activities, Dangote Industries Limited is sponsoring the ongoing international trade fairs in Abeokuta and Enugu, the capitals of Ogun and Enugu States respectively. The trade fair in Abeokuta is…

Rehabilitation of the Minna-Baro railway track to gulp N80bn—NRC

Nigerian Railway Corporation (NRC) has said that the rehabilitation of the Minna-Baro railway track will cost the Federal Government more than N80 billion. Mr Fidet Okhiria, Managing Director, NRC disclosed this on Friday in Minna during a meeting with officials…