Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2016

N30bn bankers’ intervention fund takes off next year at single digit interest rate

All is set for a new N30bn intervention window expected to be injected into the financial system early next year by a consortium of all commercial banks in Nigeria in partnership with the Central Bank of Nigeria (CBN). The facility…

NPA partnering with US Coast Guard to transform Nigerian ports

The Managing Director of Nigerian Ports Authority (NPA), Ms. Hadiza Usman has disclosed that her leadership is currently partnering with experts from the United States of America (USA) Coast Guard to re-position key infrastructure at the Nigerian ports. Addressing journalists…

Relief as FG orders immediate payment of bonuses to Falcons

More than one week after the Nigerian female national team, the Falcon returned victorious from the 2016 African Female Nations Cup in Cameroun, payment of bonus controversy has engulfed the euphoria of their victory as they had refused to accept…

Senate links SFG’s company to failed contracts at IDP camps, seeks his resignation

The Senate has called for immediate resignation of the Secretary to the Federal Government, Mr. David Babachir over the complicity of his company in the execution of several contracts on the care Nigerians leaving at Internally Displaced Persons (IDPs) camps…

AUN opens contest for 49 scholarship slots to boost education, entrepreneur

The American University of Nigeria will hold scholarships examination nationwide for newly accepted students on Saturday, December 17, 2016. A statement issued by the school authority said a total of 49 scholarships will be offered for winning in 3 categories….

End to smuggling, adulteration will spur Dangote back to Tomato production

The outgoing President of the Nigerian Agribusiness Group (NABG), Alhaji Sani Dangote has made it clear that they will commence production of tomato paste as soon as issues of smuggling of tomato paste and adulteration of the product are addressed…

ICCN committed to deepen FDI inflow to Nigeria

The International Chamber of Commerce Nigeria has once more renewed its resolve to raise commitment in improving the inflow of foreign direct investment (FDI) into the country. ICC global network which Nigeria is a member comprises more than six million…

Finally, FG amends gazette on HPRP to tame oil pollution, gas flaring

The Minister of Environment, Mrs. Amina Mohammed has disclosed that the federal Government has approved a memo for the amendment of the gazette for the establishment of the Hydrocarbon Pollution Restoration Process (HPRP). The amendment would help to put in…

Benue may join Lagos next year to become oil producing state if…

The recent discovery of oil in Benue State has continued to elicit reactions from top government officials in the state. Though experts say the discovery has not confirmed whether it is in commercial quantity like that of Lagos, exploration activities…

Winners begin to emerge in Airtel’s reloaded Red Hot Promo

In less than one week after Airtel Nigeria, returned for the fourth time, the Red Hot Promo regime, winners of various exciting prizes have emerged from across the country. The Promo is an annual reward initiative and one of Nigeria’s…