Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2016

Rid your shops of GMO or risk total closure, FG warns Shoprite, others

The National Biosafety Management Agency (NBMA), has issued a seven-day ultimatum to retail store giants, Shoprite and Next Cash ‘N’ Carry to withdraw any product that contains Genetically Modified Organisms (GMO) from their shelves or risk a total shutdown. The…

Development Bank of Nigeria coming before year end–FG

President Muhammadu Buhari has hinted that a new financial institution, Development Bank of Nigeria (DBN) would soon begin operations to strengthen the government’s economic diversification programme. A statement issued by the Senior Special Assistant (SSA) to the President on Media…

Oando Marketing becomes OVH Energy Marketing Limited

Leading player in Nigeria’s downstream sector, Oando Marketing Limited has formally announced the restructuring of its business leading to a change of name to OVH Energy Marketing Limited. In a statement, the company explained that the name change was a…

Air Peace hails CBN for sector’s forex soft landing

Emerging strong force in domestic air travel, Air Peace has described the special foreign exchange (forex) procurement window granted airlines and manufacturers by the Central Bank of Nigeria (CBN) at the weekend as a great relief to the aviation industry….

ICT

NCC, Swiss envoy, others set for Nigeria Innovation Summit

Nigeria Innovation Summit, a leading annual event in Nigeria that focuses on the need for the country, to become more innovative and apply innovation to drive economic growth and sustainable development will hold early next month at Sheraton Hotel, Ikeja,…

NDDC warns against fake empowerment schemes

The Niger Delta Development Commission (NDDC) has warned the public against falling into the trap of scammers using forms for enrolment for agricultural empowerment programme purportedly being circulated by the commission. The acting Managing Director of the commission, Mrs. Ibim…

Confusion in Seme border as $3Bn Nigeria-bound rice hang in balance

More facts are beginning to emerge as to why a set of elements in the Customs and their allies in online media for spreading a fake news that the Nigerian Customs Service (NCS) has delisted Rice from ban on land…

ICT

Glo extends 4G LTE network to 8 more cities

Globacom is currently deepening its rapid rollout of newly launched 4G LTE service in more locations across the country. The group announced weekend that it has extended the network to 8 more Nigerian cities. The new locations that have been…

dANBATTA
ICT

We’ll continue Consumer Outreach Programme to deepen awareness – NCC

The Nigerian Communications Commission (NCC) weekend revealed that it has been consistent with organizing the Consumer Outreach Programme (COPs) because of the several benefits and awareness creation on issues concerning the telecoms sector. Deputy Director, Consumer Affairs Bureau at NCC,…

My story and the CWG Plc today, Okere opens up

Austin Okere is the Founder of Computer Warehouse Group (CWG) Plc, the largest Systems Integration Company in Sub-Saharan Africa & Entrepreneur in Residence at CBS, New York. He serves on the World Economic Forum Business Council on Innovation and Entrepreneurship….