nigeria business news today
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Business Dana Air trains 27 pilots, decorates five in Lagos – The Guardian Nigeria
Dana Air has decorated two captains and three first officers among 27 that were trained in 2017, as part of its effort to boost local capacity. The airline, at a brief ceremony held at the Murtala Muhammed Airport II (MMA2) in Lagos recently, decorated as Captain, Kalu Sylvester and Ibrahim...- curator
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Business Concerns for banks as WhatsApp adds payment – The Guardian Nigeria Newspaper
Whatsapp has introduced payments to its messaging app in India, making it the latest service to let users transfer money to one another with a text. After the pilot in India, this peer-to-peer payments, would be available in Nigeria and other African countries and it will have profound effect...- curator
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Business CEOs Worried about Availability of Key Skills – Thisdaylive
The digital age is promising exciting new ways to work and create value, a report has stated. However, the new skills required to thrive in this new era are in short supply, forcing companies to examine their workforce capabilities. Read more via Thisdaylive – http://ift.tt/2Hllmma Get...- curator
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Business Why single digit inflation may not appear till after 2019 – Nairametrics
The National Bureau of Statistics on Tuesday released its Consumer Price Index report for revealing an inflation rate of 15.13% for the month of January 2017. This is the 13th consecutive month of disinflation recorded by Nigeria. Disinflation is a month on month drop in the rise of inflation...- curator
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Business NCC gives update on N330bn fine slammed on MTN – Daily Post Nigeria
MTN Nigeria has paid a total of N110bn into the coffers of the government out of the N330bn imposed on it by the Nigerian Communications Commission (NCC). Executive Vice Chairman of the NCC, Prof. Umar Danbatta, said this at a workshop on Code of Corporate Governance organised Read more...- curator
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Business Ericsson Completes 5G Platform For Operators – Leadership Nigeria Newspapers
Ericsson has finalize 5G-readiness for operators by enhancing its 5G Platform with new solutions for the radio and core network. Today, the company launched 5G Radio Access Network (RAN) commercial software, based on the recently approved first 3GPP 5G New Radio (NR) standard. It also introduces...- curator
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Business Nigeria To Benefit From Facebook’s $10m Investment – Leadership Nigeria Newspapers
Nigeria’s technology communities are set to benefit from Facebook Community Leadership Programme, a global initiative that invests in people building communities. The platform will commit tens of millions of dollars to the programme, including up to $10 million in grants that will go directly to...- curator
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Business NPA Pays $23m Equity Funding In Lekki Deep Seaport Project – Leadership Nigeria Newspapers
The Nigerian Ports Authority (NPA) has paid about $23 million as part of its counterpart funding for the Lekki Deep Seaport Project. The project is a tripartite project between the promoter, Tolaram Group, the NPA and the Lagos State Government. The equities in the seaport included 20 per cent...- curator
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Business Why Nigerians are not feeling impact of budget – Expert – Punch Newspapers
The structure of Nigeria’s budget whereby huge amount of money is allocated to recurrent spending and debt servicing have been identified as major reasons why Nigerians are not feeling the impact of budgetary spending. The Chief Executive Officer, RTC Advisory Services Ltd, Mr Opeyemi Read...- curator
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Business LIRS Commences Automated Collection Of Consumption Tax From Hotels, Restaurant, Event - PM Express
In line with global best practice in the use of technology and automated solutions, the Lagos Internal Revenue Service (LIRS) has introduced recently an Electronic Revenue Assurance (ERA) System for Hotels, Restaurants, Night Clubs and Event Centres in Lagos State Read more via...- curator
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Business Foreign exchange market gets CBN ’s $210m boost – The Nation Nigeria
The inter-bank Foreign Exchange Market has received 210 million dollars from Central Bank of Nigeria ( CBN ) to meet customers’ requests in various segments of the market. The CBN acting Director, Corporate Communications, Mr Isaac Okorafor, said 100 million dollars was sold to authorised...- curator
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Business SEC yet to receive application from MTN on Initial Public Offering – Vanguard News
The Securities and Exchange Commission (SEC) on Monday said it was yet to be notified by the MTN Group on plans to raise about 500 million dollars from the Nigeria’s capital market. A source who pleaded anonymity told newsmen in Lagos that the commission was yet to receive Read more via...- curator
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Business How 9mobile acquisition delay triggered N5.5bn revenue loss – Vanguard News
NIGERIA’s fourth telecom operator, 9mobile, has suffered a loss in market share estimated at N5.5 billion in six months, occasioned by the confusion and delay in the sale of the company. The telecom company which prides itself as the most innovative, having tailored Read more via...- curator
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Business Generator makers set sight on Nigeria’s $9.2 billion off grid market – BusinessDay
What is the best way to measure the momentum of renewables in Nigeria? Apparently, by the speed at which big generator makers in the country are considering branching into renewable energy to find a growth path for their businesses to build a sustainable enterprises. Read more via...- curator
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Business Solid minerals net N14.6bn into federation account – Newtelegraph
The solid minerals sector remitted N14.6 billion revenue into the federation account in the last eight years, revenue chart of Revenue Mobilization Allocation and Fiscal Commission (RMAFC) exclusively sourced over the weekend revealed. Read more via Newtelegraph – http://ift.tt/2BmkugO...- curator
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Business Nigeria to export 1m barrels of first oil from $16bn Egina project in January, 2019 – Vanguard News
There are indications that the coming on stream of the $16 billion Egina project will enhance the revenue profile of Nigeria and other stakeholders as plans have been concluded to export one million barrels in Read more via Vanguard News – http://ift.tt/2Bp6IKr Get more: Nigeria...- curator
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Business Banana peels Nigeria’s surviving airlines must avoid – The Sun News
A fortnight ago, Med-View Airlines announced the suspension of its Lagos-Abuja-Dubai operations which it launched on December 7, 2017 with a lot of fanfare. The suspension, according to the airline’s Managing Director/CEO, Mr. Muneer Bankole, became necessary following the breakdown of the only...- curator
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Business ‘Why Kaduna refinery is not working, profitable’ – The Guardian Nigeria Newspaper
On Thursday February 15, it would be exactly one month since the Kaduna Refining and Petrochemical Company (KRPC) shut down operations, due to the non-availability of crude oil.Besides the non-availability of crude, the facility, like others around the country has been Read more via The...- curator
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Business 2018 Lagos State marathon May Have Generated Over ₦100 million in Revenue – Nairametrics
Athletes at the 2018 Lagos State marathon. Lagos State government today, played host the third edition of the Access Bank marathon. The full marathon which is 42 kilometres, started at 6.30am at the National Stadium, Surulere, and ended at Eko Atlantic City, Victoria Island. Read more via...- curator
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Business NBC sanctions 78 broadcast stations – Vanguard News
The National Broadcasting Commission, NBC says it sanctioned 78 broadcasting stations between October and December, 2017. Mallam Modibbo Kawu, DG NBC A statement released by the Commission yesterday showed that the affected stations breached several broadcast offences ranging from: Read...- curator
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