Business Hilights

Tracking Nigeria's Headline Business News Online

Yemi Osinbajo

66th most powerful in the world, Dangote, gives tips to FG on how to grow tax net

At a time the federal government is pursuing every means possible to capture many Nigerians, businesses and multinationals into its currently shallow tax nets, leading industrialist, 66th most powerful person in the world and President of Dangote Group, Alhaji Aliko…

Osinbajo opens N4.1b new Nestlé factory, enjoins FCMG producers to take cue

Vice President Yemi Osinbajo, last week, called on other manufacturers of Fast Moving Consumer Goods (FCMG) in the country to take a cue from Nestlé Plc’s expansion drive to domicile their factories in Nigeria, saying the country remains the preferred…

Julius Berger on site, assures steady work as water level becomes salutary

Contrary to speculations that work had stopped at the second Niger Bridge, Onitsha, checks bu Business Hilights South East Bureau Chief on Monday, showed that activities are on top gear to deliver the infrastructure on schedule. President Muhammadu Buhari had…

Aulic, Lagos Trade Fair concessionaire faults VP, NCP over ‘announced’ revocation

Twist has emerged on the purported announcement of the revocation of the 2007 Lagos Trade Fair concession as the concessionaire, Aulic Nigeria Limited (ANL), has distanced itself from the news report, saying such a miscarriage of judicial process cannot stand….

Sectors, issues that suffered during Buhari’s 104-day medical vacation—BH Research

BACKGROUND: President Muhammadu Buhari jetted out of the country on Sunday, May 7, 2017 for medical reasons and ceremoniously returned on Saturday, August 19, 2017, making a total of 104 days out of office. However, in compliance with the provisions…

Shell yet to pay $200m yearly counterpart fund for Ogoniland cleanup–MOSOP

More facts suggesting that the cleanup of polluted Ogoniland in Rivers State may remain a mirage emerged in Port Harcourt on Wednesday as the leadership of Movement for the Survival of Ogoni People (MOSOP) has alleged that Shell Petroleum Development…

FG’s silence on Varsity, community refineries may return hostilities in N’Delta

Palpable tension is gradually brewing across the oil communities over what some of their leaders and notable critics see as official silence of the federal government on key demands for peace made by the Niger Delta region. Though a government…

Nigeria’s power supply epilepsy enters second quarter—NOIPolls

Whereas the Acting President, Prof. Yemi Osinbajo and the Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday in Abuja claimed that much has been achieved in the power sector in the last two years, latest electricity availability…

How power sector lost N1.43 bn on June 17 to gas, grid disruptions

Fresh figures statistics released by the Presidential Advisory Power Team (PAPT) overseen by the Acting President, Yemi Osinbajo on Wednesday revealed that the nation’s power sector lost about N1.43 billion to constraints associated with grid and gas in one day…

2018 budget’ll hit the National Assembly before October this year—Udoma

Indications have emerged that the annual budgetary timing challenge which frustrated both the 2016 and 2017 budget may not rear its head again. This is coming on the heels of the revelation made by the Acting president, Yemi Osinbajo shortly…