Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2018

Govs forum’s view alien to tripartite Committee decision, labour movement—NLC

The leadership of Nigerian Labour Congress (NLC), yesterday voided to the decision of the Nigerian Governors Forum (NGF) who proposed N22,500 as minimum wage, saying the existence of the forum is strange both on issues of deciding new national minimum…

MTN Nigeria
ICT

MTN still weighing listing upon recent CBN, AGF accusations—Shuter

…Hires 15 SANs in suite against FG as AGF not represented in court Contrary to speculations that the weight of the recent sanctions, claims and counterclaims bordering on alleged breaches on extant laws and regulations guiding rule of engagements on…

Key gains of Access/Microsoft partnership to reflect in seamless banking—Wigwe

Access Bank Plc has reechoed its resolve to take next generation banking in Africa with the tenacity it deserves. The new direction which analysts say may not be unconnected with the bank’s recently consummated partnership with US based digital giant,…

Nations need creative young minds to continually break boundaries—Chevron MD

…Gives prizes to winners of 2018 National Art Competition for schools The chairman/managing director, Chevron Nigeria Limited (CNL)/Mid-Africa Business Unit, Mr. Jeff Ewing, on Tuesday declared that “A knowledge economy is a winning economy; every nation needs creative minds to…

From 5,000bpd modular refinery to 100,000 is our target—Waltersmith Oil boss

Contrary to the trending fears of heavy losses in the nation’s emerging Modular Refinery segment of the oil and gas industry, the chairman/chief executive officer of an indigenous exploration and production company, Waltersmith Petroman Oil Limited, Mr. Abdulrazaq Isa, has…

Nigeria’s Arthur Eze’s Oranto Petroleum inks oil block deal in Niger Republic

The Ministry of Petroleum of Niger has granted Oil Blocks R5, R6, Dibella and Dallol to Oranto Petroleum Group in the Agadem Rift Basin as the Nigerian indigenous oil giant receives the technical data. The deal is coming as the…

Nigerian used cars takeover market as auto policy, harsh environment hit producers

Strong indications have emerged revealing that Nigeria’s auto market is now dominated by Nigerian used cars instead of new cars and fairly used imported vehicles, popularly called ‘Tokunbo’. Checks by Business Hilights in Lagos and other mega cities in Nigeria…

NPA seeks enhanced cargo clearance framework for African ports

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has advocated for an African framework targeted at enhancing the conveyance of cargos and quality logistics in a more predictable manner. The Managing Director advocated that such a…

BPE targets N300b from concession of LITFC, others to fund last lap of 2018 Budget

…Set to announce bid winner for complex next month The Director-General of Bureau of Public Enterprises (BPE), Dr Alex Okoh, yesterday in Lagos gave update on the activities of the agency, saying the agency is about to raise over N300…

NITDA E Nigeria
ICT

Cybercriminals use social engineering, phishing mails, sms more in Nigeria—NITDA

The Director General, National Information Technology Development Agency (NITDA), Dr Isa Ibrahim Pantami, said his agency has taken up the challenge of massive awareness creation on the trending ways used by cybercriminals in defrauding vulnerable Nigerians. Speaking in Abuja recently,…