Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2022

Konga alerts customers, public on antics of scammers

Nigeria’s leading composite e-commerce giant, Konga, has raised the alarm over the activities of suspected fraudsters using its brand name to scam unsuspecting victims, even as it cautioned the public and its customers to remain alert to the antics of…

ICT

FG, Microsoft enterprise agreement to reduce cost of IT products

The Federal Executive Council (FEC) has approved an Enterprise Licensing Agreement for Microsoft Products to minimise Information Technology (IT) costs in public institutions. FEC also endorsed the clearing up of C-band Spectrum, in order to accelerate the deployment of 5G…

On The Recent Concessioning of Onitsha River Port

After several years of delay, the federal government, on Thursday this week, concessioned the Onitsha River Port in Anambra State for N4 billion under a public private partnership (PPP) arrangement. The deal will also see the FG earn N23 billion…

(Special Report) Another look at that money-spinning APC Primaries

1) Sen. Bola Ahmed Tinubu ₦100mn 2) Prof. Yemi Osibanjo          ₦100mn 3) Rotimi Amaechi.                ₦100mn 4) Sen. Godswill Akpabio.    ₦100mn 5) Dr. Ogbonnaya Onu.         ₦100mn 6) Sen. Chris Ngige.              ₦100mn 7) Sen. Rochas Okorocha.   ₦100mn 8 Sen. Ibikunle Amosu.        ₦100mn…

$1bn natural gas exported to Portugal in 2022—NNPC

The Nigerian National Petroleum Company (NNPC) Limited has said it had sold over $1bn worth of natural gas to Portugal this year. It disclosed this during the Nigeria-Portugal Business and Trade Forum, which held on the sidelines of the state…

Blockchain banking
ICT

Blockchain: FG to Fast-track Development of Healthy ICT Ecosystem

The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami) has assured key industry players and indeed Nigerians of the Federal Government’s commitment to create and enforce regulations that will Fast-track effective utilisation of Blockchain technology for the…

UK, FG, Media to raise awareness on illicit finance.

UK Government said it was extending partnership and support to the Nigerian Government, Civil Society, and media to launch a campaign aimed at raising awareness of illicit finance. The British High Commission in Nigeria in a statement on Thursday said…

CBN gives December deadline for banks to comply on cyber security framework

The Nigerian apex bank, Central Bank of Nigeria (CBN) has given all banks in the country a deadline of December 1, 2023 to fully comply with the Cyber Security Framework or risk shutdown. According to the Apex Bank, the directive…

ICT

Onyinye Ikenna-Emeka now General Manager, Fixed Broadband at MTN Nigeria

MTN Nigeria has appointed Onyinye Ikenna-Emeka as General Manager for its Fixed Broadband Business. Onyinye is a business leader with over 23 years of experience in the telecommunications, logistics and education sectors. Her expertise includes sales, marketing and customer management,…

NGX All-Share Index posts best half-year performance in five years

The Coronation Daily Market Wrap earlier Thursday afternoon carried incorrect data for the final dividend of Access Holdings plc. The final dividend was given as N0.07/share while the correct data is N0.70/share (70 kobo per share). We apologise to our…