Business Hilights

Tracking Nigeria's Headline Business News Online

Month: January 2017

2nd phase of Clean Energy scheme by JICA to be handed over to Nigeria Tuesday

All is set for the Japan International Cooperation Agency (JICA) to hand over the 2nd phase of the “The Project for Introduction of Clean Energy by Solar Electricity Generation System” to Nigeria next week Tuesday. The Communication Officer of JICA,…

UK court blocks Niger Delta pollution claims against Shell

A British court on Thursday blocked pollution claims against Anglo-Dutch energy giant Shell by more than 40,000 Niger Delta residents demanding action over decades of oil spills in the region. Members of the Ogale and Bille communities had applied for…

NPA, NSC, NIMASA policies to return transit cargo business to Nigerian ports

There are strong signals that several reforms and policy refining processes going on since late last year in the nation’s maritime sector are set to turn around the hitherto frustrating fortunes of the ports. Since last decade when it was…

Nigerian Customs denies sacking 48 officers

Contrary to speculations and news report that the Nigeria Customs Service (NCS) has fired over 48 senior officers fingered in cases of abuse of office and corruption, the Acting Public Relations Officer of Customs, Joseph Attah said the officers concerned…

SMEs

Lagos ETF beneficiaries hit 705, access total of N1bn

The Governor of Lagos State, Mr. Akinwunmi Ambode on Thursday gave our cheques worth over N1billion to 705 beneficiaries of the Lagos State Employment Trust Fund (ETF) pilot scheme. In his remarks, he urged beneficiaries to utilise the funds responsibly…

Apple deepens legal fight with Qualcomm, files fresh suit in China

Apple Technologies has took its legal war with Qualcomm to China, filing lawsuits there accusing the chip-making giant of illegally wielding monopoly power. Apple confirmed the suits and referred AFP to comments it released when it filed an antitrust suit…

NIMASA seeks stakeholders’ inputs to Port Reforms

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has called on Maritime stakeholders to make input in the ongoing Port Reform Agenda of the present administration in other to reposition the maritime industry…

N14bn contract doesn’t mean end to PPP arrangement for 2nd Niger Bridge—Fashola

The Minister of Power, Works and Housing, Mr. Babatunde Fashola recently raised what can be described as fresh twist to the snail speed in the construction of 2nd Niger Bridge. Explaining more on why government of Muhammadu Buhari went ahead…

Experts see tactical caution from MPC rates review as CBN denies naira floatation

Though the first Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting has come and gone Tuesday, reviewing rates in the following manner; vis, benchmark interest rate at 14 per cent, Cash Reserve Ratio (CRR) and liquidity ratio were…

FirstBank takes Financial Inclusion drive to campuses

FirstBank of Nigeria Limited is stepping up its ongoing campaign in tertiary institutions tagged ‘Campus Storms’ to provide students and others in communities; the opportunity to experience convenient and accessible banking offerings right at their doorstep. Having kicked off at…