Business Hilights

Tracking Nigeria's Headline Business News Online

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2022 GITEX: “Shap-Shap” Emerges Global Best in Mobility and Smart Cities

Despite the beehive of innovations at 2022 GITEX, a Nigerian Startup, Shap-Shap has clinched the trophy as the winner in the Mobility and Logistics Innovation category in the Supernova Challenge Pitch Competition. The CEO,  Khalil Halilu who was among the…

FEC Okays MTN on Enugu-Onitsha expressway reconstruction

The Federal Executive Council (FEC), Wednesday endorsed the completion of the ongoing Enugu-Onitsha expressway by telecommunication company, MTN Nigeria PLC, at the cost of N202.8 billion via the Tax Credit Scheme of the Federal Government. Minister of Works and Housing,…

ICT

PR: US Tech Billionaires Lost $500bn of Their Wealth Since the Year Began

According to MoneyTransfers.com, the top richest tech moguls in the US have lost a combined $500 billion since the beginning of 2022. The biggest loser on the list is Facebook’s co-founder Mark Zuckerberg, whose net worth has tumbled by $77.4…

ICT

2 Start-Ups Qualify for finals at GITEX Expo Pitch Competition 2022.

Two Nigerian tech start-ups have qualified for the final of the Supernova Challenge Pitch Competition at the ongoing GITEX 2022. It was reported on Monday that the two Nigerian start-ups that emerged as finalists were among the nine that first…

ICT

Nigeria, Microsoft Sign MOU to Train Citizens on Digital Skills

The Nigerian government has signed a Memorandum of Understanding (MOU) with global tech giant, Microsoft Corporation, to train five million citizens on high-demand technological skills that are needed to advance their respective careers. While signing the agreement on behalf of…

ICT

MTN Nigeria, INTELLIGRA unviel smartphone device financing scheme

Nigeria has the highest number of internet users in Africa, while data shows that the country still has one of the highest average costs of smartphones. Citizens spend over 30% of their monthly income to purchase one, and this endangers…

e-commerce-1
ICT

eCommerce Losses to Online Payment Fraud to Exceed $48bn Globally in 2023

…16% Growth in eCommerce Fraud Losses in Just 12 Months Hampshire, UK – 12th October 2022: A new study from Juniper Research has found that the total cost of eCommerce fraud to merchants will exceed $48 billion globally in 2023,…

Social Media
ICT

Limits of social media, telecom advert regulations

By Sonny Aragba-Akpore In their quest to boost revenue collection for the government,the Advertising Regulations Council of Nigeria (ARCON) and telecommunications regulator,.the Nigerian Communications Commission (NCC) recently made very important moves that are likely to jolt service providers and consumers….

ICT

Telecom Infrastructure Critical to 2023 Elections Success – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has said telecom infrastructure is very critical to successful 2023 elections, therefore, every Nigerian in every community should join hands in protecting it for the benefit of the…

ICT

Fintech has helped move many Nigerians out of poverty – DG NITDA

The Director-General of NITDA, Kashifu Inuwa CCIE emphasized the fact that Nigeria is doing pretty well in the Fintech industry and Environmental, Social, and Governance (ESG) especially with the application of developmental regulation approach and enabling policies toward co-creating the…