Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2017

Dangote, others task AfroChampions to focus on job creation

As part of new drive in Africa to attain its desired goal in real growth and development, prominent African leaders, entrepreneurs across the continent have been called upon to work effectively towards integrating their economies to enable free trade among…

NPA now working on transfer of pilotage service to another firm—Usman

Indications emerged on Monday showing that chances of change of mind on the termination of its pilotage monitoring and supervision agreement with maritime logistics firm, Integrated Logistics Services Nigeria Limited (Intels), by the Nigerian Ports Authority’s (NPA) may have been…

SITA Tech wins management of new kotoka Airport terminal in Ghana

South African digital giant in airport terminal management, SITA Technology has been selected to provide its airport management solutions to Ghana’s new Terminal 3 at Kotoka International Airport in Accra Analysts say the new move will among other things; drive…

More trouble for Akpobolokemi as his No Case Submission fails

Former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Patrick Akpobolokemi, on Monday, lost out in his bid to use a no case submission to escape the N2.6 billion fraud trial. This is as a Federal High…

After yam embarrassment, Delta mulls export of plantain, garri

Delta State Governor, Senator Ifeanyi Okowa on Monday during the marking of 2017 World Food Day in Asaba, revealed that his government is partnering with farmers in the state to commence export of plantain and garri flour to the United…

N4.7bn Spirits line investment raised Guinness competitive advantage

The Managing Director and Chief Executive Officer of Guinness Nigeria Plc, Peter Ndegwa, has revealed that the company’s recent N4.7bn spirits line for locally manufactured spirits which was inaugurated in Benin has boosted the segment’s competitive advantage. Speaking in an…

Why electricity theft in Nigeria’ll last till 2020, beyond

Indications have emerged on why it will take the government and electricity distribution companies (Discos) another three years to end estimated electricity billing which had been traced to be the driver of electricity theft. This is stemming from a new…

Fresh twist as FG denies any $25bn contract by NNPC

The federal government through the Senior Special Assistant to the Vice President, Laolu Akande, on Sunday changed the narrative of the trending crisis rocking the Nigerian National Petroleum Corporation (NNPC), saying there is no $25bn contract anywhere in the first…

Dangote flags of Rice backward integration in Kogi with graduate youths

…Targets 1mmt of rice in 2018 Leading industrialist, Aliko Dangote has energized a value chain that will fast forward Nigeria’s quest for backward integration in rice production. This stemmed from the a new Youth Farming Initiative (YFI) powered by Dangote…

FG mute on untapped oil wells in S’East, increases search in North

A narrative that is giving experts and many Nigerians headache to explain is playing out on why the federal government through the Nigerian National Petroleum Corporation (NNPC) is wasting scare resources including humans searching for oil deposits in the northern…