Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2016

internet
ICT

Conflicting data on internet access flood Africa, latest keeps usage at 9.3%

There have been rising number of data reports from outside the continent on internet penetration in Africa over the years owing to lack of strong and reliable continental database. Only last month, one of the technical committee at African Union…

launch of Abuja DSO
ICT

FG deepens Digital Access Fund to grow content, DSO consolidation

More details have continued to emerge following last Thursday’s activation of Digital Switch Over (DSO) at the nation’s capital city of Abuja. As part of consolidated efforts to grow the digitization of TV experience in Nigeria after the successful transition…

Rice: Obi confirms Customs’ hatred on easterners, southerners travelling for yuletide

Whereas findings along all routes leading to northern states from Lagos have shown average presence Customs checkpoints, former governor of Anambra State, Mr. Peter Obi has accused the Nigeria Customs Service (NCS) of subjecting Igbo and other southerners travelling to…

Lekki Gardens boss, Ntong opens up on challenges of housing supply

The Managing Director of Lekki Gardens, Mr. Richard Nyong has listed some of the key problems facing major developers in housing industry in Nigeria and Lagos in particular. Top in the list according to him include access to approval, vague…

Guinness Nigeria target fresh N40bn, plans EGM to get approval on Rights Issue

Guinness Nigeria Plc has announced its intention to hold an Extraordinary General Meeting (EGM) of its shareholders to approve resolutions for a rights issue. The rights issue is subject to the approval of the relevant regulatory authorities. Scheduled tentatively to…

Package yourself to access Lagos ETF, Ambode tells unemployed youths

Governor Akinwunmi Ambode of Lagos State has advised Lagos youths to think outside the box, develop a small or medium scale business, and approach the N25 billion Employment Trust Fund (ETF) initiative of his administration to better their life in…

Missing of 759 British defence ministry’s laptops sends worrying signals

The recent announcement by the British Ministry of Defence that about 759 laptops were stolen has sent shocks to the marrows of other security agencies in other parts of the world, indicating a new format of cyber crimes. A total…

FG yet to decide as Halliburton settles class action suit for $54 million

Just as the Nigerian government continues to go back and front on the case involving a former minister and other politically-exposed-persons (PEPs) in the country, Petroleum service giant, Halliburton said it has reached a $54 million settlement in a class…

AEDC flags off free installation of 500,000 meters to electricity consumers

Following the recent warning by the Minister of Power, Works and Housing, Mr. Babtunde Fashola to Discos to begin the distribution of meters to consumers across the country to stop estimated billing system, the Abuja Electricity Distribution Company (AEDC) says…

Renaissance Hotel opens in Lagos with 155 elegant guest rooms

RENAISSANCE Hotels, the brand known around the world for helping business travelers discover unexpected experiences, has announced the opening of its first hotel in Sub-Saharan Africa – the Renaissance Lagos Ikeja Hotel. Located in Nigeria’s commercial center and city known…