Business Hilights

Tracking Nigeria's Headline Business News Online

Month: September 2017

NCDMB to boost manpower base, create 300,000 jobs with N14b

Nigerian oil and gas sector has been experiencing capacity boom in the last few years since the creation of the Nigerian Content Development and Monitoring Board (NCDMB). Speaking in Lagos on Tuesday, at a Two-Day Nigerian Gas Summit jointly organised…

Recent win over Ivory Coast boosts Tullow Oil production in Ghana

Leading Africa’s biggest independent oil producer, Tullow Oil has braced up for oilfield expansion after border dispute ruling which favoured Ghana ahead of neighbour Ivory Coast in their many years of maritime border dispute. Otherwise, Tullow Oil, is back on…

Just in: Police keys into ease of doing business, bans road blocks nationwide

Nigerian Police authorities under the headship of the Inspector-General of Police, Ibrahim Idris Monday night issued a terse statement ordering the immediate dismantling of all roadblocks nationwide. Major highways named in the order include but not limited to Lagos-Ibadan, Sagamu-Benin,…

Abimbola Ogunbanjo in, Aig-Imoukhuede out as NSE President

A new president was on Monday, elected to drive the Nigerian Stock Exchange (NSE). He is Abimbola Ogunbanjo, former first vice president of the institution. The new President of the National Council of the NSE succeeded Aigboje Aig-Imoukhuede who has…

NCC at ITU
ICT

Missing in 2018 ‘Where to invest in Africa’ minus for Nigeria at ITU

…priceless data floor may also weaken investors The 2017 edition of International Telecommunications Union (ITU) Telecoms conference in Busan, South Korea, kicked off on Monday with the Minister of Communications leading over 30 delegates peopled by officials of the Nigerian…

Uwaje C
ICT

Uwaje explains why Nigeria’s eReadiness remains 119 out of 139

Contrary to massive condemnation of the new eReadiness Report which placed Nigeria at a paltry level of 119 out of 139 countries rated, upon the level of ICT development in Nigeria, leading ICT pundit and current Director General of Delta…

RLG Group
ICT

rLG to refund N1.5bn to Ghana for short supply of laptops in 2010

One of the Original Equipment Manufacturers (OEMs) in Nigeria, rLG Communications Limited which also runs a plant in Ghana, has agreed to repay an amount GH¢6 million (about N1.5bn) to Ghanaian government after it failed to supply 12,733 laptops under…

Samsung shop
ICT

Pre-registration for Galaxy Note 8 begins in Nigeria

Ahead of the official launch of the Galaxy Note Series, the Galaxy Note 8 in Nigeria, the Samsung Electronics West Africa has announced that the Smartphones are now available for pre-registration in Nigeria from September 21 to October 12, 2017….

70 to 80 % of import cargoes falsely declared—-Customs CG

Fresh reason has emerged on why clear single window connecting all federal agencies at the nation’s ports may not be realized. This is based on the body language of the Customs Comptroller General, Hameed Ali who has made it public…

FCMB excites more customers with ‘Millionaire Promo Season 4’ 3rd draws

First City Monument Bank (FCMB) recently raised the life bar of another set of 644 customers with cash and various exciting gifts at the third draws of the Bank’s ongoing bumper reward scheme tagged, ‘FCMB Millionaire Promo Season 4’. The…