Month: February 2017

NASS bent on amending NLNG Act, plans separate agency to track 187trn gas reserves

• Energy

NASS bent on amending NLNG Act, plans separate agency to track 187trn gas reserves

Business Hilights February 20, 2017

Few weeks after the Senate was halted by Nigerians in their planned review of the Nigerian Liquefied...

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Steady naira depreciation weakening banks’ capital buffers—Khan

• Banking & Fintech

Steady naira depreciation weakening banks’ capital buffers—Khan

Business Hilights February 17, 2017

More banking experts have continued to raise alarm on the dangers of sustained erosion of naira value...

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Anxiety as cargo throughput continues on downward trend since last year at ports

• Banking & Fintech

Anxiety as cargo throughput continues on downward trend since last year at ports

Business Hilights February 17, 2017

Since last, there had been a sustained drop in cargo throughput at virtually all Nigerian seaports. Business...

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Recession begins to hit banks as Fitch downgrades FirstBank, 3 others to negative

• Banking & Fintech

Recession begins to hit banks as Fitch downgrades FirstBank, 3 others to negative

Business Hilights February 17, 2017

More sectors of the economy are beginning to feel the impacts of the squeeze occasioned by recession...

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NCC signals emerging hike in voice services as it determines voice termination rate

• Technology & Innovation

NCC signals emerging hike in voice services as it determines voice termination rate

Business Hilights February 17, 2017

Indications are beginning to emerge on possibilities of sudden rise in the cost of voice services provided...

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NCC begins arrest of SIM agents violating ‘Controlled Environment Registration’ policy

• Technology & Innovation

NCC begins arrest of SIM agents violating ‘Controlled Environment Registration’ policy

Business Hilights February 17, 2017

In keeping with its latest SIM registration policy known as ‘Controlled Environment Registration’ (CER), the Nigerian Communications...

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FG to expand TSA coverage to boost e-Payments, e-Commerce

• Technology & Innovation

FG to expand TSA coverage to boost e-Payments, e-Commerce

Business Hilights February 17, 2017

More use and advancements are coming the way of Treasury Single Account (TSA) of the federal government...

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Arik, a serial delinquent debtor, makes N7bn monthly—- AMCON boss

• Banking & Fintech

Arik, a serial delinquent debtor, makes N7bn monthly—- AMCON boss

Business Hilights February 17, 2017

The Managing Director of Asset management Corporation of Nigeria (AMCON) has described annexed Arik Air as a...

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InnJoo, TD unveil slimmest Laptop in Lagos

• Technology & Innovation

InnJoo, TD unveil slimmest Laptop in Lagos

Business Hilights February 17, 2017

Relying on excellence, globally renowned mobile devices manufacturer, InnJoo Mobile Thursday consummated a partnership deal with Sub-Saharan...

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Nigeria may soon overtake Angola as production output grosses at 2mbpd

• Energy

Nigeria may soon overtake Angola as production output grosses at 2mbpd

Business Hilights February 17, 2017

Indications have emerged that Nigeria may soon retake its position as being Africa’s number one oil producing...

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