Business Hilights

Tracking Nigeria's Headline Business News Online

Month: June 2023

Fidelity Bank, NEXIM, Sapphital team up to grow Nigeria’s export sector

Pursuant to the nation’s drives to boost Nigeria’s foreign exchange earnings, the Nigerian Export-Import Bank (NEXIM) has announced a strategic partnership with leading financial institution, Fidelity Bank Plc and Sapphital Learning Ltd. The partnership will help improve the skills and…

Okonjo-Iweala’s WTO, Chinese Agency agree to develop poor countries

Head of the World Trade Organisation (WTO), Nigeria’s former Minister of Finance, Dr. Mrs. Ngozi Okonjo-Iweala with Chairman of the China International Development Cooperation Agency, H.E Luo Zhaohui. They discussed China’s support for least developed countries and South South and…

Just in: Dangote regains Africa’s richest man status with $15.6bn, Says Bloomberg

President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion…

Customs CG harps on deepening the values of Eid-El-Adha

The Ag. Comptroller General of Customs, Bashir Adewale Adeniyi has extended his warmest wishes to all Nigerians, stating that this joyous occasion is a pointer to the values of sacrifice, compassion, and unity. The Ag. CGC enjoins all Nigerians to…

ICT

Just in: China unveils 6GHz Spectrum from July 1

China’s Ministry of Industry and Information Technology will make the 6GHz spectrum available for #5G and #6G systems from July 1, according to a revised regulation made public on Tuesday. The country is the first globally to provide the 6GHz…

Glo 88
ICT

Eid-El-Kabir: Glo celebrates Muslims

Nigeria’s leading provider of integrated telecommunications solutions, Globacom, has urged the nation’s Muslims to use the occasion of the Eid-El-Kabir celebration to advance good neighbourliness, love, and solidarity. In a press release issued in Lagos, the company wished Muslims a…

ICT

Artificial intelligence and the future of SDGs

By Sonny Aragba-Akpore   Can Artificial Intelligence (AI) alter the narrative for growth of global economies? What difference can it really make when it’s knowledge and acceptance remain elusive? There are nearly 15,000 AI member ships platforms globally but how…

Egbin Power hits record-breaking 1000MW, aims more

The largest power generating station in Nigeria, Egbin Power Plc, recorded a record-breaking 1000MW power generation peak on Sunday, June 25, 2023, and also generated nearly one-third of Nigeria’s total power load on yesterday. The total power load supplied by…

Just in: Discos withdraw on tariff hike, await NERC approval

Nigerian electricity distribution companies (Discos), yesterday, backtracked on their earlier announcement of a tariff hike projected to take effect from July 1, 2023, as they stated that the Nigerian Electricity Regulatory Commission had yet to approve the hike. Various public…

A look at CG’s Wale Adeniyi’s Address of ‘New Era of Excellence’

*Being the first address of the new Acting CG of Nigerian Customs Service (NIS), Ag. CG Wale  B. Adeniyi (MFR) on June 26, 2023 shortly after assuming office in Abuja. Today, we gather here to mark the beginning of a…