Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2023

Air Peace widens capacity, unveils direct flights to Mumbai, India

As part of its expansion plan, and a respite to Nigerians and Indians who have to travel for so many hours to India with stopovers via other countries, Nigerian flag carrier, Air Peace, today March 31, 2023 has launched direct,…

ICT

MTN discusses massive investment in Abia with incoming Otti

A team of the senior management staff of telecommunications giant, MTN Nigeria, on Wednesday visited the Abia State Governor-Elect and former chief executive of defunct Diamond Bank Plc, Dr Alex Otti, to discuss investment opportunities and areas of cooperation. The…

ICT

FG drives N24.2bn Free Internet in key public places

Two deep pocket contracts worth N24.20bn for the provision of broadband projects expected to drive free internet facilities for markets, tertiary institutions, and 20 airports across the country have been sealed by the Federal Government. Government said the move is…

Just in: Another Anambra son begins global airline, Obike Air

Following the success story of the Ihiala, Anambra State born-Chief Allen Onyema, chairman of Air Peace, another Anambra State-born billionaire Ifeanyi Obike is set to launch new global airline, Obike Air. Obike Air’s will compete with the likes of British…

Weak progress in DDEP, eternal debt restructuring hitting back at Ghana economy

Negative sentiments dominated the Ghanaian macroeconomic space in Q1-23, exacerbated by the frequent delays with the Domestic Debt Exchange Programme (DDEP) and limited progress on the external debt restructuring negotiations. While on a positive note, the government eventually concluded the…

ICT

Huawei, TD Africa roll out sales deals of cutting-edge products for SME market

Leading multinational technology company, Huawei, has partnered with TD Africa, Sub-Saharan Africa’s biggest tech, solutions and lifestyle distributor to unveil a range of state-of-the-art products targeting the Small and Medium Enterprises (SME) market in Nigeria and beyond. They include the…

Ecobank deepens PBT by 13% to $540m in FY22

Leading pan-African financial institution, The Ecobank Group has reported growing its profit before tax (PBT) by 13 per cent to $540m in the 2022 financial year. This was disclosed in its audited results for the year ending December 31, 2022,…

NITDA seeks adoption, adaption of digital technologies

The survival of the 21st century Micro, Small and Medium Enterprises, (MSME) has been said to largely depend on the adoption and adaptation of digital technologies, hence, the call on entrepreneurs by the National Information Technology Development Agency (NITDA), to…

NPA hosts Q1 Charter Ministerial Servicom Committee Meeting in Lagos

L-R: Managing Director of Nigerian Ports Authority (NPA), Mohammed Bello Koko receives a souvenir from the National Coordinator/CEO of SERVICOM in Nigeria, Nnena Akajemeli (Madam SERVICOM) during the Global Ministerial SERVICOM committee meeting at NPA corporate headquarters in Lagos.  

King Charles III visits Hamburg, Europe’s Hreen Hydrogen Hub

The British monarch Charles III and his wife Camilla have headed to Germany on their first official overseas trip. Following a visit to Berlin, the royal couple will be in Hamburg, Germany’s second largest city, on Friday, 31 March. In…