Business Hilights

Tracking Nigeria's Headline Business News Online

Month: February 2017

Ambode on working visit
ICT

How emerging Smart City’ll situate Lagos, drill 1m residents on computer coding

As roll-out of CodeLagos, a digital revolution to make living in Lagos seamless draws near, the Lagos State Ministry of Education has said the programme would teach at least one million Lagos residents to code by 2019. The scheme will…

TSA compelled MDAs to close 20,000 bank accounts in banks, saves N4.7bn monthly

Government has revealed that since the commencement of the Treasury Single Account (TSA) in September 2015, money deposit banks who had been riding on the deep pocket deposits of Ministries, Departments and Agencies (MDAs) have lost not only the custody…

CBN refutes Mailafia’s claims, says less than 1% fake naira notes in circulation

Barely less than one week after a former deputy Governor of the Central Bank of Nigeria (CBN), Mr. Obadiah Mailafia had disclosed that the total percent of fake naira notes in circulation is in the region of 20 per cent,…

Union Bank begins centennial celebration, redesigns for industry leadership

After months of hype, one of the first generation commercial banks, Union Bank Nigeria Plc Tuesday commenced the celebration of its 100th anniversary in Nigeria with a promise to keep celebrating its stakeholders, impacting the environment and maintaining a leadership…

Why Shell voted $1bn for development of Niger Delta

Details have emerged on why leading oil and gas conglomerate, Shell voted up to $1bn for the planned redevelopment of oil rich Niger Delta. In an interview with a top official in Lagos who pleaded anonymity, the senior staff said…

FG bent on selling national assets—Bloomberg report

Contrary to earlier claims by the apex government that it is not actually planning to sell any national asset when the new broke late last year, a new report released by new agency, Bloomberg has proved otherwise, alleging that the…

Only credible jobs can discourage illegal refiners to leave the business—Osinbajo

The best option to discourage the growing spate of illegal refineries in Niger Delta has been named by the Acting President, Prof Yemi Osinbajo. Speaking in Port Harcourt during his recent tour or the state, he said “Our approach to…

Landing cost, tax pushing petrol pump price above N145

More revelations have emerged on why independent marketers are still inching for upward recalibration of petrol pump price. Since the mid of last month, marketers have been scheming for increase in pump priced or reduction in landing cost so as…

FG declares emergency in P/Harcourt over soot, shuts firm

The federal Ministry of Environment has declared emergency on the hovering soot of smoke engulfing parts of Port Harcourt, the Rivers State Capital in the last eight weeks. Whereas investigation to ascertain any other possible cause of the pollution in…

Coalition petition President Biya over Internet shut down in S/Cameroun

DigitalSENSE Africa, in collaboration with Cyber Rights Advocacy Coalition (CRAC) has petitioned the President of the Republic of Cameroun, Mr. Paul Biya, over the Internet shut down in the southern part of the country. The group recalls that the incident…