Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2017

Car owners, Unions extra happy with the permanent ouster of VIOs on Lagos roads

A cross section of private car owners in Lagos have welcomed the permanent removal of Vehicle Inspection Officers (VIO) from Lagos roads, saying the agency remains the major cause of traffic gridlock in the state. This is as leading transport…

ICT

Danbatta in Lagos, renews caution on ‘WannaCry’ Virus to operators, subscribers

The Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Danbatta has renewed the official caution sent out to telecoms operators on the wake of the weekend’s merciless global Ransomware Virus attacks code-named “WannaCry”. Speaking in Lagos on Tuesday…

WannaCry V
ICT

Yudala gives 5 antidotes on how to protect devices from trending WannaCry pandemic

Emerging leaders on online and offline eCommerce in Nigeria, Yudala has swiftly reacted to the trending losses suffered by several nations and conglomerates over the WannaCry Virus attack that started last week Friday and peaked Saturday, ravaging machines and some…

Ogbonnaya Onu
ICT

Nigeria missing in Africa’s race to astronomy, Ghana, SA on lead with radio telescopes

New report released by the Scientific America has shown that only Ghana and South Africa have achieved the feat of launching into the world of astronomy. Ghana has already completed the delivery of a functional radio telescope on the continent…

S/East Senators move to stop Buhari’s $6bn loan request for rail over zone’s exclusion

…Proposes inclusion of Aba-Onitsha Railway as solution Indications emerged at the floor of the Nigerian Senate on Tuesday that the $6bn loan request brought forward by President Muhammadu Buhari for the funding of three new railway projects may suffer rejection…

Nigeria shopping for $2tn to bridge infrastructure gap, says ICRC boss, Dikko

The Director General of Infrastructure Concession Regulatory Commission (ICRC), Aminu Dikko, has disclosed that the federal government is currently shopping for about$2 trillion (N398.1 trillion) for infrastructure development over the next three decades. Speaking at the PPP Review Forum organised…

Escrowing Discos accounts contrary to power sector reform Act, policy—ANED

More rejections have continued to trail the planned escrowing of accounts of power distribution firms and their Gencos counterparts, but several industry experts have mounted pressure against the plan. Sunday Oduntan, Executive Director, Association of Nigeria Electricity Distributors (ANED), said…

FG’ll not review power privatization, but causes of poor performance

Strange indications are emerging from the corridor of the federal Ministry of Power, Works and Housing, suggesting that contrary to trending expectations of Nigerians and experts in the sector that the best bet for the power sector remains a review…

Stallion wins Agro Processor of the Year Award, says FG’s agric policy yielding results

Stallion Popular Farms & Mills has won the prestigious award as the “Agro Processor of the Year Award” at 2017 Nigeria Agriculture Awards in Lagos. Responding after the awards, Group Director, Stallion Popular farms & Mills, Hapreet Singh said President…

Industry

NSE concludes move to host inaugural Real Estate Investment Trust (REIT) summit

The Nigerian Stock Exchange (NSE) is pleased to announce that it will host the maiden edition of its Real Estate Investment (REIT) Conference on Tuesday May 23, the NSE Event Centre, Lagos. The Conference themed “Real Estate Investment Trust in…