Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2023

ICT

PC Industry Faces Sales, Revenue Decline in 2024—Report

The global PC industry outlook for 2024 doesn’t look optimistic, as the excess inventory and crushed consumer purchasing power keep pulling revenue and shipments deep below the levels seen in recent years. According to data presented by Stocklytics.com, the PC…

Zenith Bank wins Best Bank For Digital Solutions @ EuroMoney 2023 Awards

Leading financial giant, Zenith Bank Plc has been named the “Best Bank for Digital Solutions in Nigeria” in the Euromoney Awards for Excellence 2023, underscoring the bank’s pioneering and outstanding achievements in delivering cutting-edge digital financial solutions. Speaking on the…

CBN Denies Reports of Looming Takeover, Says Banks are Healthy, Safe

The Central Bank of Nigeria (CBN) has noticed reports, in certain media outlets, about a recommendation for the Federal Government to take over some CBN-supervised financial institutions. For the avoidance of doubt, Nigerian banks remain safe and sound. The CBN…

Sophos
ICT

Cybersecurity in 2024: Towards Ever Greater Sophistication of Tactics

By Chester Wisniewski, Director Global Field CTO, Sophos With 2024 fast approaching, what are the results for 2023 and what are the developments in the threat landscape for this new year? The year 2023 was marked by persistence in the…

2024 FG, States Budgets At A Glance

  ??Federal Govt: ₦27.50tn   ?South West: ₦4.20tn ?South South: ₦3.43tn ?North West: ₦2.50tn ?South East: ₦2.29tn ?North Central: ₦1.89tn ⚫North East: ₦1.60tn   1 ?Abia: ₦567.20bn 2 ⚫Adamawa: ₦225.89bn 3 ?Akwa Ibom: ₦845.63bn 4 ?Anambra: ₦410.10bn 5 ⚫Bauchi: ₦300.22bn…

Minister congratulates new Generals, harps on deliveries

The Minister of State for Defence, Dr. Muhammed Bello Matawalle MON, extends his heartfelt congratulations to the distinguished officers recently promoted across the Nigeria Armed Forces. Recognizing their dedication, sacrifice, and commitment to national security, Dr. Matawalle commends the exemplary…

Nigerian Oranto Petroleum extends Ugandan exploration licenses

Oranto Petroleum, a Nigerian independent energy company founded by Prince Arthur Eze has, on 22 December 2023, been granted a two-year exploration license extension to its Ngassa Deep and Ngassa Shallow exploration contract areas in Uganda. This extension allows Oranto…

ICT

Glo celebrates HNI subscribers with biz class return tickets to Europe

As part of funfair heralding Christmas celebrations for high net-worth customers of digital solutions provider, Globacom, as the company on Friday presented business class return tickets to Europe (Lagos-Paris-London-Lagos) to winners in its Festival of Joy promo. This followed the…

ICT

Hyerspace Secures Patent for Blockchain Technology, cipherCHIP tap2verify

The second Patent & trademark for Hyperspace Technologies in 2023 Hyperspace Technologies Limited has secured its second patent and trademarks for cipherCHIP tap2verify: A blockchain-integrated contactless product authentication & verification system. The Lagos-based Web3 startup specializes in next-level smart security…

NIMASA, NSML Partner To Train 150 NSDP Cadets

The Nigerian Maritime Administration and Safety Agency (NIMASA) has signed a training agreement with the Nigerian Liquified Natural Gas, NLNG Ship Management Limited, NSML, to facilitate Certificate of Competency (CoC) examinations for beneficiaries of the Nigerian Seafarers Development Program (NSDP)….