Business Hilights

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Business Hilights

Banking/Investments

Heritage Bank currently anchored on PPP—Chairman

Chairman of Heritage Bank Plc, Mr. Akinsola Akinfemiwa has revealed that the driving force of the lender is anchored on People, Partnership and Process (PPP). He explained that the bank had relied on the PPP over the period of its…

Wema Bank boosts students’ financial literacy

Wema Bank Plc has stressed the need for students to embrace the principles of savings and investment. The Regional Manager of the bank, Tolu Adegbie, who took the students of Olomu Community Junior Secondary School, Ajah on a financial literacy…

ICT

We can’t grow by importing all ICT products—Minister

Minister of State for Education, Prof. Anthony Anwukah, has said that Nigeria may not attain the desired height in national development and knowledge-based economy if we as a nation continue to import everything we need in the ICT sector. Accordingly,…

ICT

Greater security needed online to tame attacks—US Consul General, NCC

In keeping with its cybersecurity awareness campaign across the world, the United State of America Mission in Nigeria has created a Cybersecurity campaign, tagged: ‘Stop.Think.Connect’. Addressing participants during the event in Lagos, John Bray, Consul General of the US Mission…

ICT

Glo rolls out 4 products to drive loyalty in telecoms service

Leading telecoms group and data grandmasters, Globacom, has launched four customer-empowering products. The new products lead by Glo Borrow Me Data, and reloaded three other products for the benefit of its customers including Double Free Tomorrow, 11k/s for All and…

Reps mull financial autonomy for LGs

A bill to grant financial autonomy to local government councils in the country, scaled through the second reading in the House of Representatives on Wednesday in Abuja. The bill sponsored by Hon. Nkeiruka Onyejeocha (PDP-Abia) seeks to alter section 162…

Oando’s turnover climb to N330bn in 9 months

Oando Plc has announced a turnover of N330 billion for the nine months ended September 30, 2016, an increase of 26 per cent when compared to N262 billion recorded in the same period of 2015. The company, listed on both…

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ICT

FCT High Court fines Airtel N5m for unsolicited messages

Justice Jude Okeke of an FCT High Court Maitama, Wednesday, slammed a fine of N5m Airtel Nigeria Limited for violation of customer’s right to privacy. The plaintiff, Mr. Emmanuel Anene, had on December 21 filed a suit against Airtel for…

Confusion as foreign airline operators can’t get forex concession from CBN

The Association of Foreign Airlines’ Representatives in Nigeria (AFARN) yesterday disclosed that its members are yet to benefit from the concession granted to them to access foreign exchange at the inter-bank foreign exchange market. AFARN President, Mr. Kingsley Nwokoma, said…

FOU Zone ‘C’ Customs Command impounds, destroys N90m poultry products

The Nigeria Customs Service (NCS), Federal Operation Unit (FOU) Zone ‘C’, Owerri, has destroyed 11, 315 cartons of imported poultry products valued at N90.52m in Benin. The Officer-in-Charge of the Benin Axis of NCS, Federal Operation Unit, Zone C, Mr….