Business Hilights

Tracking Nigeria's Headline Business News Online

Month: June 2022

MPR: LCCI seeks intervention to boost productive sectors– Sun

Following the hike in Monetary Policy Rate (MPR), the   Lagos Chamber of Commerce & Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to expand its targeted intervention schemes to support the productive sectors of the economy to reduce…

Nigeria-Morocco-Spain gas pipeline to boost Nigeria economy

More details have emerged on the recently Nigeria-Morocco-Spain gas pipeline, revealing that it would not only supply the two nations, but pass through the 15 ECOWAS nations for supplies also. According to the Minister of State for Petroleum, Chief Timipreye…

US, UK Diaspora congratulate Ezeala College of Nursing Imo State

Following its recent breakthrough in securing federal approval as the first Nursing Polytechnic in Southern Nigeria and also being the first running A & E program in Nursing Sciences, East of the Niger, plus being granted permission to run a…

ICT

Konga Mid-Year Shopping Festival kicks off

Konga, Nigeria’s leading composite e-commerce giant, has promised huge savings for shoppers as it flags off the maiden edition of the much-anticipated Mid-Year Shopping Festival. A month-long mega discount sale, Konga Mid-Year Shopping Festival kicks off today, Wednesday, June 1…

ICT

NCC, Stakeholders seek Effective Telecoms Regulation, Industry Growth

The Nigerian Communications Commission (NCC) has hosted the second edition of the Nigerian Telecoms Leadership Summit, in line with its tradition and commitment to engage with stakeholders in the telecom ecosystem with a view to pursuing proactive regulatory interventions targeted…

Major Breakthrough in Search to Develop “Clean Gas” Energy Source

A disruptive technology company Tuesday, 31 May 2022, confirmed it has made a major breakthrough in its search to innovate a ground-breaking “clean gas” energy source that will not only provide an alternative supply to natural gas, but also boasts…

NGX All-Share Index extends downtrend, loses 0.25%

Tuesday, 31 May 2022, the domestic bourse extended losses from the previous session, bringing the All-Share Index down by 0.25% to close at 53,637.14 points. The extended rout in the market was primarily driven by selloffs in NB (-9.96%), WAPCO…

ICT

18.71m connected lines added from March 2020 to March 2021

Latest report from the portal of the telecom regulator, the Nigerian Communications Commission (NCC) has revealed amongst others that about 18.71 million connected lines were added between March 2020 and March 2021 in Nigeria. The report also noted that Nigerians…

Customs, Huawei seal $3.2bn digitisation deal, FG targets $176bn revenue

The Nigeria Customs Service and a consortium, Trade Modernisation Project Limited, on Monday, signed a concession agreement worth $3.2bn to digitalise operations of the border security and revenue collection outfit. This is just as the Federal Government expects to generate…

NNS Kada to deepen maritime Security Architecture—Jamoh

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Jamoh said the arrival of Nigerian Naval Ship NNS KADA will greatly enhance security in the Nigerian maritime domain, and commended the Chief of Naval Staff…