Business Hilights

Tracking Nigeria's Headline Business News Online

Day: June 9, 2023

Ibom Air unveils MRO Hanger in Uyo

Akwa Ibom recently unveiled its (MRO) Maintenance, Repairs, and Overhaul Hangars at The Victor Attah International Airport. Now, if you happen to encounter any issues with your aircraft, be it tire problems, bumper damages, or plug malfunctions, worry no more!…

Tinubu fires CBN Gov., Emefiele, begins investigations on his regulatory rascality

Incumbent Commander in Chief of the Armed Forces and President, Federal Republic of Nigeria, Senator Bola Ahmed Tinubu, Friday evening, June 9, 2023, suspended the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, CFR, from office with immediate effect….

LASTMA has legitimate power to arrest, persecute defaulting motorists—Agency

The attention of the Lagos State Traffic Management Authority (LASTMA) has been drawn to the recurring fake news circulating on social media, purported to have been said by the Governor of Lagos State Mr. Babajide Sanwo-Olu that, “Henceforth no LASTMA…

NGX to host workshop on cross-border trading requirements

Nigerian Exchange Limited (NGX) is set to host capital market stakeholders to African Exchanges Linkage Project (AELP) webinar tagged “Exchange Linkage Project – facilitating Trades across borders. The Webinar, which will hold on Wednesday, 14 June 2023, is designed to…

FCCPC unveils regulatory framework for digital money lenders

On August 18, 2022, the Federal Competition & Consumer Protection Commission (Commission) as part of the Joint Regulatory and Enforcement Task Force (JRETF) introduced a Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022 (Guidelines 2022 or “Guidelines”), as…

ICT

NITDA Bags ‘Certificate of Excellence’ at APRA 2023

Pursuant to its concerted efforts to in tackling public misconceptions about the ‘Nigeria Code of Practice for Social Media and Online Platforms’, the National Information Technology Development Agency (NITDA) has honoured with Certificate of Excellence in the Public Relations/Government Relations…

Just in: Why Access Bank launched American Express cards in Nigeria

Expressing his unquantifiable happiness via a verified tweeter handle “Excited to be part of @myaccessbank’s groundbreaking launch of American Express cards in Nigeria, the CEO of Access Holding Plc., Mr. Herbert Wigwe averred that “It’s a glimpse into the future…

How Buhari Administration spent $19bn on moribund refineries, By Gov. Sule

In a recent media chat with Channels Television, the governor of Nassarawa state, Gov. Abdullahi Sule, made it clear that former President Muhammadu Buhari spent more than 19 billion dollars on sick refineries without results, yet Dangote’s refinery is several…

ICT

How Telecom Sector amassed N2.508tn to Nigeria’s GDP

Available credible statistics has shown that the telecommunications and Information Services sector in Nigeria, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per…

Key Benefits Of 2023 Electricity Act Signed By President Tinubu

This week, President Bola Tinubu assented to the new Electricity Act, which replaces the 2005 Electricity and Power Sector Reform Act, thus empowering states and private companies to uild power plants and sell at will. Recall that the Electricity Act…