Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2017

Industry

Usman, NPA’s boss deepens awareness on HSE value chain at work place, operations area

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has assured stakeholders in the Maritime sub-sector of the drive of the agency in prioritizing matters concerning work place and operations areas Health, Safety/Security and Environment (HSE) standards. She…

Combined debts of N136.4b hobbling Olorunsogo, Egbin power stations, darkness looms

Less than two day the operators of Olorunsogo Power Plant in Ogun State has traced their technically moribund status since inception to the debt of N26.4 billion owed it, Egbin Power Plc, has warned that the country is heading towards…

Rising number of buyers for US oil, dangerous for Nigeria’s rising production output

Indications have emerged that barring any disruption in US Shale oil output in the near future; Nigerian traditional oil customers may be fully attracted to US oil and that may mar the chances of foreign reserve rise and delivery of…

NNPC silent on its 2016 pledge to make all refinery work at full capacities this year

Three months into the 2017 production year, signals are yet to emerge that by the end of the year, all refineries in Nigeria will be working and producing products at full capacities. Nigeria currently has four refineries including two in…

Regulatory Commissioner traces weak power sector coordination to low electricity supply

The Commissioner, Engineering Standards and Safety of the Nigerian Electricity Regulatory Commission (NERC), Prof. Frank Okafor has argued that the intractable instability of power is rooted in the sector’s poor coordination and noted that electricity supply will remain epileptic pending…

Poor practice of federalism, oil boom era created room for the rich to evade taxes—Experts

Contrary to the recent pronouncement by the Minister of Finance, Mrs. Kemi Adeosun that there may be no hiding place for Nigerian billionaires, trillionaires , entrepreneurs evading payment of tax in the country, experts have picked holes, saying evasion of…

Fidelity Bank deepening commitment to the growth of SMEs in Nigeria—CEO

In line with its policy of encouraging startups, Fidelity Bank Plc has re-stated its commitment to the development of small businesses in the country, as it rededicates its Managed Small and Medium Scale Enterprises (SMEs) Unit to all entrepreneurs. While…

Jumia Killing
ICT

OLX, latest Jumia experience in Port Harcourt may frustrate online marketing in Nigeria

Indications are beginning to emerge that either Nigeria is not yet ripe for online marketing or there are some missing links in the administration of the business in Nigeria. Just within the first few months of its arrival in Nigeria,…

dANBATTA
ICT

NCC identifies core challenges of telecoms subscribers’, ready with solutions soon

The Nigerian Communications Commission (NCC) has identified improper and inadequate information, coupled with the appropriate channel through which unsatisfied telecommunications subscribers can voice out their grievances as key issues frustrating subscribers in the industry. Explaining more on the issue during…