Business Hilights

Tracking Nigeria's Headline Business News Online

Month: August 2017

Customs blocks criminal access to military camouflages, seizes container load in Lagos

Eagle-eyed monitoring and evaluation officials of the Nigeria Customs Service (NCS), Kirikiri Lighter Terminal (KLT) command have impounded a 40-feet container laden with 732 roles of plain army uniform and 666 camouflages to officials of the Department of State Security…

Breaking: Buhari cancels FEC meeting today, receives reports on SGF, NIA

Contrary to earlier hopes that returned President Muhammadu Buhari will today, Wednesday chair for the first time in more than three months, the constitutional Federal Executive Council (FEC) meeting, Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi…

Utomi explains floating of $135m commodities exchange firm

Leading professor of political economy, former presidential aspirant and public affairs analyst, Prof Pat Utomi has floated Integrated Produce City Limited (IPCL), an agricultural commodities exchange firm in Nigeria. An indication to the establishment of the group had earlier been…

Rodents overrunning Buhari’s office means poor maintenance culture, but…

Fresh angle has emerged on analogies trailing why rodents were allowed to takeover President Muhammadu Buhari’s office and damage several furniture and electrical fittings during his 103 days medical vacation in London. Whereas many Nigerians who were disturbed on the…

Glo Ofala
ICT

Glo inks deal to sponsor Onitsha Ofala Festival for another 3 years

In keeping with its tradition of corporate support for arts and culture in Nigeria, Globacom, recently signed a fresh Memorandum of Understanding (M0U), at the palace of Obi of Onitsha, Igwe Alfred Nnaemeka Achebe to bankroll the Ofala Festival for…

ICT

Nigeria set to produce ‘Mark Zuckerberg’—NITDA boss, Pantami reveals

The Director General and chief executive officer of the National Information Technology Development Agency (NITDA), Dr. Isa Pantami has hinted that all things being equal, Nigerian startup ecosystem, with proper regulations and support, has what it takes to produce capacity…

Again, Court orders forfeiture of 56 houses traced to Diezani Alison-Madueke

Barley less than one month after a Federal High Court in Lagos, ordered a permanent forfeiture of twin palatial condominiums situated in choicest part of Banana Island in Lagos on grounds of being proceeds of crime, on Tuesday, another Federal…

Ambode reechoes devolution of power to states, fiscal federalism at NBA summit

Governor of Lagos State, Mr. Akinwunmi Ambode has called on lawyers in the country to raise their voices in support of the demand for devolution of power to States and fiscal federalism, especially the review of the current revenue sharing…

FG secures 20 hectres for ICT Varsity campus in Enugu—Minister

The Minister of Communications, Barrister Adebayo Shittu, has secured 20 hectares of land from the Enugu State Government for the Enugu Campus of the ICT University of Nigeria. In a letter of request for additional plots of land personally handed…

Ecobank redefines excellence in service delivery, opens lounge in P/Harcourt

As part of drive to deepen service delivery to premier customers, Ecobank Nigeria has opened a state-of-the-art banking lounge in Port Harcourt for the South South region of the country. Group Head of Personal Banking, Olukorede Demola–Adeniyi, said the banks’…