Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2017

Traffic, security agencies bane of agro products export standards—NAQS boss

Real reasons behind the rejection and banning of Nigeria’s agro products by the European Union (EU) and other countries of the world have been revealed by the leadership of the Nigerian Agricultural Quarantine Service (NAQS). In an interview, the Coordinating…

Anxiety as Nigeria records twin deportations from 2 African countries in 2 days

First was the deportation of 47 Nigerians from Mali on Sunday night and this was successively followed by South Africa who deported 97 Monday evening at the wake of xenophobic attacks. Otherwise, a total of 144 Nigerians were deported from…

Local debts frustrating key sectors of economy, NASS cries out to DMO, others

Relying on feelers from major sectors of the economy, the Senate Tuesday advised the Minister of Finance and Debt management Office (DMO) to join forces with the rising naira to clear local debts so as to save the ailing but…

Analysts explain why GDP squeezed by -1.30% in Q4 2016

Latest economic data released by the National Bureau of Statistics (NBS), in the fourth quarter of 2016, has shown that the nation’s Gross Domestic Product (GDP) contracted by -1.30 per cent (year-on-year) in real terms, from N18,533.75 billion in Q4…

$20b gas industrial park underway in Niger Delta – Osinbajo

Apart from chances of increased royalties to oil rich Niger Delta host communities, emerging peace in the region stemming from the peace efforts of the federal government is about to grow positive multiplier effect as the apex government has approved…

Dangote explains high spoilage of agro products, calls for free movement of haulage trucks

Industrialist and Vice President of Dangote Group, Alhaji Sani Dangote has revealed the reason behind the rising damage of agro products, saying time has come for unhindered movement of trucks carrying foodstuff across the country. Addressing participants at the Nigeria…

S/Africa’s xenophobic attacks mock latest AU stand on free movement of people, goods

The currently momentary xenophobic attacks on foreign nationals and mainly Nigerians in parts of South Africa have put on edge the recently sealed understanding by African Heads of State on free movement of persons and goods across the continent. Business…

Confusion as Navy commissions parallel monitoring system to tame oil theft, piracy

Barely seven months after the Nigerian Ports Authority (NPA) commissioned the Command, Control, Communication & Intelligence System (CCCIS), a digital platform to drive surveillance along the over 86,000 skm of the nation’s territorial waters in Lagos, the Nigerian navy Monday…

OPEC scribe hails FG over seamless exit from joint cash-call debt

The visiting Secretary General of the Organisation of Petroleum Exporting Countries (OPEC) and former managing director of Nigerian National Petroleum Corporation (NNPC), Dr. Mohammed Barkindo, has commended Nigeria for exiting the Joint Venture Cash Call debt. Cash calls is the…

Total Nigeria rewards winners of its 2017 CAF promo in Lagos

Total Nigeria Plc recently concluded its Africa Cup of Nations (AFCON) promotion which ran for the entire duration of the football tournament in all Total service stations nationwide. Customers who purchased items worth N2,000 in its station or Bonjour shops…