Business Hilights

Tracking Nigeria's Headline Business News Online

Business Hilights

New 20 meter manufacturers underway

To boost local capacity, the Federal Government has issued fresh licenses to 20 new local meter manufacturers in preparation for the next phase of the government’s free four million metering programme. The development came about eight months after the free…

FG revokes 3,402 mining titles, generates paltry N3.7bn in 2022

For defaulting on the terms of their licences, the Federal Government has revoked titles of 3,402 mining companies. The disclosure was made by the Director General of Nigeria Mining Cadastre Office, Mr Obadiah Nkom, during a State House briefing organised…

Energy

FEC approves NNPC request to pump N1.9tn in 44 Federal Highways

The (FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest N1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy. The council gave the approval at its meeting presided…

Fidelity Bank introduces cardless withdrawal service

Fidelity Bank customers can now enjoy increased convenience with their Automated Teller Machine (ATM) transactions as the bank recently announced the introduction of its cardless withdrawal service. The feature allows Fidelity Bank accountholders to make withdrawals at any Fidelity Bank…

WEF 2023: Global energy security depends on geopolitical stability – Saudi FM

Geopolitical stability is “absolutely key” to global energy security, Saudi’s Foreign Minister told the World Economic Forum’s 2023 Annual Meeting in Davos on Tuesday. During a high-level panel titled ‘Keeping the Lights amid Geopolitical Fracture’, His Highness Prince Faisal bin…

Eluding Saudi’s $680m SFD gifts $80m to Carribbean nations

As Nigeria, Africa’s highest volume of Hajj pilgrims continue to miss access to the international development fund, the Saudi Fund for Development (SFD), the Fund Wednesday, January 18, 2023, expanded operations in the Caribbean countries with agreement to fund expansion…

NPA MD, Bello Koko meets Minister Adegoroye, at 9th Shippers Day in Lagos

Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko (right), Minister of State for Transportation, Prince Ademola Adewole Adegoroye (left) and Director General, NIMASA, Bashir Jamoh (middle) during the 9th African Shippers’ Day in Lagos.

Escaped captive Tiger euthanized in South Africa

A captive tiger that escaped from a private farm near Johannesburg in South Africa over the weekend has been euthanized (killed mercifully). Edith Kabesiime, Wildlife Campaigns Manager at World Animal Protection says; “Sheba the Tigress’s life has been ended prematurely…

5G and others
ICT

5G and subscribers endless wait in Nigeria

By Sonny Aragba-Akpore Despite the hype around the 5G auctions in Nigeria, first in December 2021 and later in December 2022, with three licenses issued so far by the Nigerian Communications Commission (NCC),potential subscribers may wait longer than necessary. Although,…

Another look at Fayose’s Review of Obi’s presidential chances

Ayo Peter Fayose, former Governor of Ekiti State said as follows: I love Igbos but I have to tell them the truth because I love them. It is now a law to transmit votes electronically, that means rigging of elections…