Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2024

ICT

ITU Gives Nigeria Excellent Mark in Digital Transformation Readiness

Latest report of the International Telecommunications Union (ITU), has ranked Nigeria very high at 71 per cent, in comparative legal, policy and governance frameworks towards G5 – advanced state of readiness for digital transformation known as G5 with Germany, Finland…

ICT

TECNO Begins Renewal of 100 Football Pitches Across Africa from Lagos

In a memorable event at the office of the Director General of the Lagos State Sports Commission, TECNO signed a Memorandum of Understanding (MOU) to kickstart a project aimed at refurbishing a local football pitch in Lagos. This signing marks…

Another look at that NNPCL fake 20% shares in Dangote Refinery

In January, the NNPC, after intense pressure, released their Audited Financial Report for 2022. In the report, they stated that they purchased 20% shares in the Dangote Refinery for $2.7 billion. They claimed to have obtained $1.036 billion (as part…

Shareholders Condemn Demarketing of Dangote Refinery

Leading quoted companies’ shareholders have strongly defended Africa’s foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt…

South East Development Commission Now An Act of Parliament

In keeping with his resolve to reactivate the three ‘R’ declared at the end of the Nigeria-Biafra Civil war and redevelop South East, President Bola Ahmed Tinubu, on Tuesday, signed a Bill for an Act to establish the South East…

ICT

Glo subscribers to win cash in new offer, Glo Flex Win

Nigeria’s digital solutions provider, Globacom, has introduced a new customer-oriented offering, Glo Flex Win, through which subscribers can have fun and win cash by showcasing their intelligence. In a statement in Lagos, Globacom said, “subscribers will be presented with trivia…

Reviewing The Untold History of Okada Air

OKADA Air is Nigeria’s first private airline (1983-1997), owned by Sir Chief Gabriel Igbinedion, the Esama of Benin Kingdom. The airline began charter operations in September 1983, featuring the Queen Idia mask as its official logo. Okada Air operated in…

Politicians Using Wanted Bandit leader to Attack Matawalle Should Stop

By Ikechi Iheanacho The recent sponsored accusations against Honourable Minister of State for Defence, H.E. Dr. Bello Muhammed Matawalle, by a notorious bandit leader, murderer, gang leader and cattle rustler Bello Turji Kachalla, have raised eyebrows. It appears that some…

Upon jumping Inflation, CBN’s MPC Hikes Interest Rate

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) Tuesday voted to increase the Monetary Policy Rate (MPR) further by 50bps to 26.75% (Previous: 26.25%) at its July policy meeting. The Committee’s decision to raise the policy…

Gabonese President Nguema Seeks Dangote Investment in Cement, Fertilser

President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote to invest in Cement and Fertiliser production in Gabon. The President urged Dangote to explore potential investment opportunities in…