Business Hilights

Tracking Nigeria's Headline Business News Online

Month: November 2016

Electrical fault linked in Brazilian plane crash that killed 76, 5 survive in Columbia

Police in Colombia have said 76 people were killed when a plane carrying members of the Brazilian football team Chapecoense crashed in the early hours of Tuesday morning. Only five persons survived. The sixth survivor later died in hospital. A…

Militancy forced NNPC to buy crude for Kaduna refinery from Niger rep

Indication has emerged on why the Nigerian National Petroleum Corporation (NNPC) decided to source crude oil supply source for its Kaduna Refinery from Niger republic. The reason is to avoid cases of vandalisation of pipelines along crude oil supply line…

OPEC scrambles to agree crucial oil output cut tomorrow

OPEC members will seek to give oil prices a boost in Vienna on Wednesday by nailing down their first output cut in eight years, although a deal is far from certain. Failure to get an accord could send oil prices…

Only investments in infrastructure’ll create jobs in Nigeria, others—AfDB

The African Development Bank (AfDB) has made it clear to African countries clamouring for job creation to stop deceiving themselves and invest massively in infrastructure, saying this is the best antidote to seamless job creation. The bank and its allies…

Dangote partnering with FG to ease recession

Leading indigenous conglomerate, Dangote Group has assured the Federal and Kano State governments of its readiness in exploring key sectors of the economy to cushion the effect of the recession among Nigerians. In a statement released on Monday in Abuja,…

Lafarge Africa aligns with G4, unveils sustainability report

Lafarge Africa Plc has launched its debut sustainability report in line with the latest standard of the Global Reporting Initiative’s G4. The 2015 Sustainability Report was made public at the grand finale of the third edition of the Lafarge Africa…

Renew your licenses on or before March 31st next year, NCS warns agents

As part of its renewed drive for sanity in revenue generation, the Nigeria Customs Service (NCS) has directed all licensed customs agents to ensure they renew their licenses for year 2017 on or before March 31st 2017. The Service gave…

Customs FOU seizes N1.1B contraband, makes 18 arrests

The Federal Operations Unit, (FOU) Zone ‘C’ of the Nigeria Customs Service (NCS) has succeeded in the seizure of 29 prohibited items with a Duty Paid Value (DPV) of N1,074,099,739.00 and under payment recovered of over N54 million. Impounded items…

Include Apapa, Tincan access roads in 2017 budget, NPA tells Fashola

Considering the level of disrepairs on all access roads leading to and fro the major seaports including Apapa and Tincan, the Managing Director of Nigerian Ports Authority (NPA), Hadiza Usman has appealed to the Minister of Power, Works and Housing,…