Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2016

ICT

NCC distances self from VAS providers/networks multibillion naira debts crisis

It was fireworks Thursday as Value Added Services (VAS) providers engaged the industry regular, the Nigerian Communications Commission (NCC), seeking a policy statement that will compel GSM networks to pay their accruing money that always pass through their system without…

ICT

FG, W/Bank plan to integrate biometric database of all Nigerians into one system

The federal government has started fresh move to collate and integrate all biometric data of Nigerians currently scattered in several agencies of the government and some private entities into one central and credible entity. Otherwise, lack of a one stop…

ICT

Minister to launch info dissemination App, decries under-reportage by social media

The Minister of Information and Culture, Alhaji Lai Mohammed has decried the observed poor reportage of Federal Government activities by social media and blamed his ministry’s information handlers for not using the right and current communication channels in their jobs….

Anxiety as NUPENG gives three-day warning strike notice to FG

As yuletide draws nearer, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has issued a notice of a three-day warning strike planned for first week of January over the divestment of multinationals from the country and non-payment of…

RwandAir lose N8b on Lagos-Dubai route due to fake entry visas

Though no arrests were made, it has been revealed that fake entry visas carried by Nigerians travelling to Dubai, the United Arab Emirates, has cost an African carrier, RwandAir, a penalty in excess of $20 million (N8 billion) in the…

Transport

NCC rakes in N55. 4m as Swift Network, Cobranet win 5.4GHz spectrum licenses

The Nigerian Communications Commission (NCC) has auctioned two slots of 5.4GHz spectrum to Swift Networks, Cobranet who were declared winners after a stiff round of bidding process. The two winners are expected to pay N55.4 million within a given time…

Relief as Nigerian pilots, engineers plan to float new airline

Poised by the chances of survival and huge market, the National Association of Aircraft Pilots and Engineers (NAAPE), is is considering floating its airline to address the challenge of unemployment among its members. Addressing media executives Thursday in Abuja, the…

OGFZA to takeover unregistered operators next week

All is set for the takeover of all operators at any of the Oil and Gas Free Zones that have failed to register with the regulatory Oil and Gas Free Zones Authority (OGFZA) before the end of next week. The…

Don’t charge more than one digit interest rate on intervention funds, CBN warns banks

For fear of playing a fast game on Nigerians willing to access capital from the federal government’s intervention fund coming on stream very soon, the apex bank has warned participating commercial banks not to charge interest rates beyond one digit….