Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2016

Dangote tackles illegal haulage on Nigerian highways, arrests 244 suspects

More sanity in terms of the excesses of trailer drivers on Nigerian roads may begin a downward trend following new strategic measures put in place by the authorities of National Patrol Unit (NPU), a division of the Dangote Transport Otherwise,…

How Ghana raked in $16b from mining between 1983 and 2015

New report in Ghana has revealed that investment inflows into the mining sector from 1983 to 2015 have increased the output of all minerals production in Ghana, bringing in about $16 billion. The report said gold production increased by 93…

High costs of executing contracts by local firms hobbling IOCs

The observed drop in oil and gas activities linked to sustained downward trend in global oil prices has been traced to be the reason for dullness in local content growth in the sector. The Nigerian Content Development & Monitoring Board…

Fashola warns Discos against ‘debt blackmail’, excuses for poor supplies

The Minister of Power, Works and Housing, Babatunde Fashola has warned Power Distribution Companies (Discos) against using cheap blackmail to avoid investing heavily in the delivery of their services nationwide. In anger, the minister said giving excuses with paucity of…

Lagos tackles ocean surge with N36 billion, approves 3 new estates

As the impacts of the emerging Eko Atlantic City (EAC) continue to grow flooding concerns in downtown communities in Ajah and lekki axis, the Lagos State Government has earmarked N36 billion to proffer lasting solution to the incessant ocean surge…

ICT

Erratic power supply may divert incoming N3tn FDI in data centres to Ghana, others

Analysts are beginning to observe that there may not have been any synergy or understanding between the GSM majors who recently rolled out 4G LTE and the federal government on the availability of steady power to drive the emerging data…

MultiChoice
ICT

DStv explains why MultiChoice reduced tariff in others except Nigeria

Leading Africa’s Pay TV conglomerate, MultiChoice have opened up on why it reduced tariffs in all African countries where they are doing business excluding Nigeria. In an interview, Caroline Oghuma, public relations manager of DStv insisted that Nigeria remains the…

NBC logo
ICT

Abuja, Niger State ready for DSO as Minna invest N600m on digitization

All is getting set for Niger State to follow the Federal Capital Territory (FCT) closely in the ongoing drive to migrate from analogue to digital terrestrial TV transmission. Whereas sources at the National Broadcasting Commission (NBC) Tuesday confided on our…

ICT

ATCON flags off TERF today in Lagos

The Association of Telecommunications Companies of Nigeria (ATCON) will today, Thursday in Oriental Hotels, Lagos hold its 4th edition of the Nigeria’s Telecoms Executives and Regulators Forum (TERF). Whereas Professor Garba Danbatta, the Executive vice chairman of the Nigerians Communication…

States decry FG’s delays in paying their approved over-deductions on foreign loans

Barely one week after the federal government has out of pressure from states agreed to refund N522.74 Billion being their share claims of over-deductions for external debt service arising between 1995 and 2002 as a result of First Line Charge…