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Author Archives: Business Hilights

#I AM A NIGERIAN campaign can ‘kill’ already weak ‘Change begins with me’

I-AM-A-NIGERIAN campaign

For the fact it failed to amass the promoted catchment of followership and acceptability at launch, the Ministry of Information’s ‘Change begins With Me’ may finally fade away from tomorrow, when the Acting President Yemi Osinbajo, would be the Special Guest of Honour at the launch of the #I AM A NIGERIAN campaign, on Thursday, May 25, 2017 at the ...

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MainOne, others seek greater investments tailored to drive data market in Africa

Mainone ITW 2017

Experts at the International Telecoms Week conference in Chicago have highlighted the need to accelerate investment in Africa to facilitate the continent’s broadband data explosion. Data center operators lead by MainOne Cable Company said the best thing to happen in Africa is to drive massive investments in data segment. Others that joined the Chief Executive of MainOne, Ms. Funke Okpeke ...

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NIS appeals to foreign investors to use online platform for ease of Visa on Arrival

passport Nigeria

In view of documentary hitches so far recorded by the Nigeria Immigration Service (NIS) in processing Visa on Arrival (VoA) for visitors at arrival points across the country, the agency has advised foreign investors and companies willing to apply for the new VoA to always do so through the NIS online platform before arriving. The VoA platform was recently introduced ...

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Only indigenous investors can build a viable ICT industry in Ghana— e-Solutions boss

Akufo Addo

The chief executive officer of leading indigenous Information Technology (IT) group, e-Solutions Ghana, Mr Solomon Adiyiah, has argued that leaving both policy formulation and drive in the hands of the government may not take IT development to where it should be in Ghana. In a recent press briefing in Accra, he said “transforming the public and other sectors in the ...

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Again, Tincan Port intercepts 440 pump action guns concealed with POP cement

Tincan Arm lead 2

Relying on strategic surveillance intelligence in line with the renewed vigour and enthusiasm for effective Service delivery by the Nigeria Customs Service (NCS), the Tincan Island Command intercepted a total of 440 pieces of assorted Pump Action Riffles. Earlier in January, the same Command bumped on a container from America concealed with 661Pump Action and made one arrest. The seizures ...

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Fashola opens up on how to unlock potentials of Nigerian housing sector at NSE

REITs - Conference

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday at the Nigerian Stock Exchange (NSE) gave an insight on how best to unlock the untapped potential of the nation’s housing industry. In a keynote address presented at the opening of the Sub-Saharan Africa Real Estate Investment Trust (REITs), he drew analogy from the performances of former Governor ...

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New strategy tailored to reduce oil production cost to $2 per barrel coming

offshore-oil-platform

Indication has started to emerge showing that Nigerian government has been working on the possibility of reducing aggregate cost of producing one barrel of oil to as low as $2. This is coming on the heels of a new deal sealed by stakeholders in the oil and gas industry to evolve new strategies towards reducing the cost of oil production ...

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IMF names confused budgets, two other factors frustrating sub-Saharan economies

imf visit

The International Monetary Fund (IMF) has come up with a bang saying economies of the sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people in order to grow out of poverty and recession. These were the three-pillared prescription from the IMF as expressed by one of its top Africa researchers, Celine ...

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More confusion trail power distribution as Discos demand tariff hike, Gencos cry for debts

fashola switches op transmiter

The growing confusion in the nation’s power sector may be getting out hand when latest developments in the industry are pout on the table. Before now, the Distribution Companies (Discos) had been calling for tariff hike which was not allowed. The Generation Companies are also being crippled by a debt of over N504bn and the worst case scenario can be ...

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Making Naira convertible international trading currency’ll lift rating, value—Mailafia

Obadiah-Mailafia, former Deputy Gov at CBN

Leading finance analyst and former Deputy Governor of Central Bank of Nigeria (CBN), Dr Obadiah Mailafia, has presented another tactical solution to the myriads of efforts to save Nigerian Naira. In an interview on Monday in Abuja, he advised the Federal Government to take measures that will make Naira convertible international trading currency. He recalled that about 40 years ago, ...

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