Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2016

5% of loots for whistle-blowers belated, but fantastic—Mefor

Chief Law Mefor, ageless political analyst and former Special Adviser to the former Senate President, Dr. Ken Nnamai, has welcomed the latest graft fighting policy of the federal government which earmarks about 5 per cent of every successfully recovered to…

Customs losing N200b yearly to diversion of cargoes to Cotonou ports

Before the placement of total ban on importation of cars via the land borders, the federal government has been losing over N200bn annually to the Port of Cotonou in Republic of Benin. The key fact is that Nigerian importers are…

‘Punish firms that undertook private placement but failed to list on Exchange’

Nigerian investors in private placements has raised alarm, calling on the regulator, the Security and Exchange Commission (SEC) to recover their money or force companies who had done private placements to get listed on the Nigerian Stock Exchange so that…

Buhari
ICT

No going back in meeting 2017 Digital Switch Over deadline – Buhari

In view of the hitch-free Digital Switch Over (DSO) from analogue to digital terrestrial TV broadcasting in Abuja Thursday, the Federal Government has promised to meet up the June 17, 2017 international deadline. President Muhammadu Buhari dropped this hint yesterday…

Funke Okpeke, Mainone boss
ICT

MainOne, Microsoft work together to drive #InABox, Productivity Solution for SMEs

Emerging leaders in data services, MainOne Cable Company has partnered with another technology giant, Microsoft to unveil a new product offering, SME-in- a-Box Pro (InABox) targeted at enabling small and medium businesses in Nigeria. In a statement, the new solution…

ICT

Why Nigeria overtakes S’Africa, others African economies in online shopping

More facts have emerged on why the Nigerian online shopping space is dominated by South African firms. A recent survey has shown that Nigerians shop more online than other sub-Saharan African (SSA) countries. GeoPoll is the world’s largest mobile survey…

vodacom-logo
ICT

Vodacom deepens CSR drive, gives Lagos schools facelift

Leading business technology support group, Vodacom Business Nigeria has stepped up its delivery of Corporate Social Responsibility (CSR) as it built and donated a fully-equipped library to the pupils of SS. Peter & Paul School, Ikate Elegushi. The school is…

Lagos poor supply traced to drop in energy allocation as EKDC announces outage soon

The General Manager, Communications of the Eko Electricity Distribution Company Plc, Mr. Godwin Idemudia has attributed recent frequent outages within the company’s network to the drop in energy allocation to it. He said that the company was receiving less than…

Power generation drop by 964MW traced to gas shortage

Latest figure on status of power delivery in the country has shown that it has dropped from 4,285 megawatts recorded on September 16 to 3,321 megawatts on December 1 due to dearth of gas. According the figure gathered from the…

How paucity of fund stalled N6bn power transmission projects

At a time the country is battling to resolve the puzzle of steady power supply, facts have emerged that power transmission projects worth about N6bn have remained stalled in the past few years due to lack of government funding. Power…