Expert explains rising cost of gas, impacts on manufacturing
Leading player in the oil and gas sector and Managing Director of Falcon Petroleum Limited, Prof. Joseph Ezigbo has disclosed that the key reason behind the galloping price of gas is not only because it was benchmarked in dollars due…
Insurgency caused Adamawa over $9bn, crashed IGR from N1bn to N200m—SSG
Technology tactician and Secretary to the Adamawa State Government, Dr. Umar Bindir, has revealed that over three years insurgency driven by Boko Haram caused the state over $9bn. In an interview, he noted that the lost value was thrice the…
Shocker as 92.3 % of Nigerian workers not captured in pension funds
The National Pension Commission has revealed that contrary to insinuations that the growth of pension fund was driven by more workers entering the basket, on 7.24 million workers, representing 7.7 per cent of Nigerian workers, contributing to the Compulsory Pension…
Abakaliki Rice’ll displace other local rice brands soon—Ebonyi Gov
The Governor of Ebonyi State, Chief David Umahi, has vowed that rice production from his state will over run all other local brands before the end of the year considering the volume in investments and land already provided for the…
NCAA yet to receive fine payment from Arik Air as airline decries attack by passengers
The Nigerian Civil Aviation Authority (NCAA) has said it is yet to receive the N6 million fine imposed on the airline for contravening the provisions of the Nigerian Civil Aviation Regulations (Nig.CARs). Though the airline had appealed the fine which…
Recession: Private jet owners drop from 67 to 31 in 3 years
The impacts of recession may have spread across boards as indications have emerged that the number of Nigerians owning private jets has dropped from 67 during the former administration of President Goodluck Jonathan to 31 currently. Whereas did not trace…
Spammers made 23m cyber attack calls in 2016, Egypt, Nigeria involved
Trueinsights recorded 23 million spammers calls last year; from January to October 2016. In 2016, report revealed that there was 90% increase on spam coverage on iOS 10 with callers from countries like Germany, Nigeria, United Kingdom, Egypt, Italy, United…
Microsoft deepens SMEs in Nigeria, drills 10,000 youths on Coding
Microsoft Nigeria has trained over 10,000 Nigerian youths on Minecraft Hour of Code Designer during the 2016 Computer Science Education Week. Business Hilights learnt that ‘Hour of Code’ is an annual, global campaign held during Computer Science Education Week to…
BoI spends N27.17bn in two years on SMEs, says sector strategic to economic development
The Acting Managing Director/Chief Executive Officer, Bank of Industry (BoI), Mr. Waheed Olagunju, has revealed that the bank supported the growth of Small and Medium Enterprises (SMEs) between 2015 and last year. It would be recalled that BoI has a…
Why FG slashed import duties on 115 items
More facts have emerged as to why the Federal Government has approved a reduction in the import duties of 115 items in various sectors of the economy. A copy of the circular sighted by our reporter Thursday showed that government…
