Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2016

Banking/Investments

Capture of Sambisa Forest best signal of the year to foreign investors—-Amodu

Just as elated President Muhammadu Buhari has commended the Nigerian Army for moving in and finally crushing the last enclave of Boko Haram in the deadly Sambisa Forest, a development analyst, Haruna Amodu has described the feat as the best…

SON impounds N100m substandard energy saving bulbs, warms importers

The Standards Organisation of Nigeria (SON), has seized two containers of substandard energy saving bulbs worth over N100 million, in continuance of its zero tolerance for substandard products while also safeguarding lives and properties ‎in the country. The Director, Inspectorate…

Peterside approves promotion of 76 management staff, others at NIMASA

The wind of excitement has blown at the Nigerian Maritime Administration and Safety Agency (NIMASA) as the Governing Board of has approved the promotion of 76 Management Staff of the Agency to their next grade levels. In a statement issued…

SMEs: VP, Minister visit artisans in Mpape, Abuja suburb, assure assistance

In a rare show of recognition and readiness of the federal government to support the Small and Medium Enterprises (SMEs) growth in the country, the Vice President, Professor Yemi Osibajo and Minister of Information, Alhaji Lai Mohammed visited artisans plying…

NEMSA outlaws fixing untested bulbs, begins enquiry on circulations of bad meters

The Nigerian Electricity Management Services Agency (NEMSA) has launched an inquiry into rising levels of complaints about faulty electricity meters by distribution companies. NEMSA regulates the use of electrical materials, equipment and instruments for safe power delivery in Nigeria, described…

Total Nigeria bags ‘Most Trusted Quality company’ laurel

For its quality-driven operations and global best practice standards in products and services, Total Nigeria Plc has again been recognised with the award as the ‘Most Trusted Quality Oil & Gas Company’. The laurel was conferred on the company at…

Overland grows operations on Asaba Airport

Emerging leaders on domestic carriers in the country, Overland Airways, has announced the start of flight services from Lagos to Asaba, Delta State, effective December 21, 2016. The new route, according to the operator, will enhance economic activities in Delta…

Nigerian airlines seek bailouts amidst yawning market potentials— Aisuebeogun

Leading analysts in global aviation business have chided Nigerian airline operators over regular request for government assistance when they operate in an environment filled with growth opportunities’. Otherwise, experts say it is only domestic operators begin to look at mergers…

Poor packaging, weak economic team forced NASS to kill $30bn loan plan

More facts have emerged as to why the National Assembly could not be lobbied to allow for the approval of the President Mohammed Buhari’s $29.9bn external borrowing plan. It would be recalled that on Tuesday, November 1, 2016, the senate…