Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2017

Banking/Investments

FCMB completes training for school leavers on basic business management

The First City Monument Bank (FCMB) has completed strategic three-month intensive skills acquisition and basic business management training programme for young secondary school leavers. The three months programme is designed as empowering participants with entrepreneurial and employability skills. In a…

FirstBank introduces FirstGem lifestyle to drive women entrepreneurship

To demonstrate its gender sensitivity as a corporate citizen, First Bank, has launched FirstGem lifestyle scheme, a tailored product designed to benefit women professionals, entrepreneurs, SMEs, salaried women and as low income earners, traders and artisans. FirstGem comes in variants…

Customs dares NASS, cuts off duty on old vehicles by 60%, Nigerians kick

As Nigerians begin to drive a sudden campaign for the removal of the Comptroller General of the Nigerian Customs Service (NCS), Mr. Hameed Ali, over recent overbearing influences arising from his policy somersaults and the excesses of officers on patrol…

Amosun condemns manner of Customs raids, killings in the state over rice

The Ogun State Governor, Senator Ibikunle Amosun has condemned in strong terms the killing of two persons by men of the Nigeria Customs Service, at Kobape in Obafemi Owode Local Government Area of the State, along the Abeokuta-Sagamu expressway. Business…

FG to reconstitute suspended board on review of Corporate Governance Code—Minister

As part of smart moves to rebound ease of doing business in Nigeria which recently ranked very poor, the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah has revealed that all is set for the reconstitution of a board…

Port concessioning shaping maritime business amidst reforms—Usman

The Managing Director of Nigerian Ports Authority (NPA), Ms Hadiza Usman, has said that concessioning Nigerian ports have brought tremendous improvement in Seaport development even as there are opportunities for further improvements via reforms. Usman was represented at the recent…

6 months on, LASG yet to gain access to Lagos Presidential Lodge in Marina—Ambode

It is not yet clear if Lagos State is about to have another stretch of strained relationship with the federal Government as it was during the second term of former President Olusegun Obasanjo’s administration. This is stemming from the recent…

FG unveils fresh plan to restore daily crude production to 2.2mbpd, aims N800bn yearly

Riding on the achieved peace in the oil rich Niger Delta and drop in hostilities in the region, the Federal Government has unveiled plans to restore crude oil production to 2.2 million barrels per day (mbpd). The new target is…

Energy

Faulty supply chain responsible for high cost of gas, says Attah, NLNG boss

Contrary to popular speculations that Nigeria Liquefied Natural Gas (NLNG) hiked price of gas, the Managing Director of the company, Mr. Tony Attah, has debunked the claims, saying the company has not increased the cost of gas. However, he listed…

Diamond Bank working with BoI to begin disbursement of N140bn GEEP Fund

Leading smart commercial bank, Diamond Bank Plc., has sealed a partnership deal with Bank of Industry (BoI), to deepen the business activities of micro entrepreneurs in the country. The partnership is a tailored Special Purpose vehicle (SPV) to ease access…