Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2017

NCC Ojobo
ICT

Operators showing no commitment to improve service quality risk sanctions—Ojobo

The Nigerian Communications Commission (NCC) has given an indication that it is working on a template to rank telecoms services providers on the basis of their service quality, saying firms that are observed to be chronic poor services providers will…

Banks’ll replicate what we did 5 years ago in oil sector to ERGP—FirstBank MD

The managing director and chief executive officer of First Bank of Nigeria Plc., Dr. Adesola Adedutan has give insight on how the Nigerian banks will support federal government’s Economic Recovery and Growth Plan (ERGP). It would be recalled that the…

Minister plans smart city summit to integrate Nigerian cities on ICT compliance

Relying on the observed success story of Rwanda which achieved unparalleled ICT transformation of its cities, the Minister of Communications, Mr. Adebayo Shittu has set June 28 and 29 for smart cities summit in Abuja. He said the summit was…

Aniocha-Oshimili axis in Delta State draws roadmap for Economic Development

In line with the desire to drive self-help development, the Aniocha-oshimili People of Delta state is set to draw up a new economic development blueprint for the development of the area. To achieve this, a non-partisan and non-profit making socio–cultural…

Transport

NPA, NSC in joint frantic efforts to halt truckers, agents’ strike as ports activities ground

The height of paralysis at the nation’s major seaports on Monday has forced the leadership of both the Nigerian Ports Authority (NPA) lead by Hadiza Bala Usman and the Executive Secretary of Nigerian Shippers’ Council (NSC), Hassan Bello to run…

Toyota Nigeria boss, Ade-Ojo lists 3 reasons hampering car imports since this year

Contrary to permutations in government quarters that the ban on land border imports of vehicles will drive traffic at the seaports, the reverse has become the case. Managing Director of Toyota Nigeria Limited, Mr. Kunle Ade-Ojo, who gave the statistics…

Changing from oil for money to oil for technology is ‘best Change’—TB Joshua

Leading African preacher, philanthropist and founder Synagogue Church of All Nations (SCOAN), Prophet Temitope Balogun Joshua has called on African governments and the federal government in particular to change its policy on managing oil resource for the interest of Nigerians…

How far can NNPC go in being sole importer of petroleum products?

Considering what they described as being shut out of business by non recalibration of pricing templates, most oil marketers have stopped fuel importation. Other reasons adduced for their action include shortage of foreign exchange and increase in crude prices, which…

Oil romps to $52 on Russia, Saudi compliance to sustain cut till 2018

Global oil price rose to $52 in reaction to Saudi Arabia and Russia, the world’s largest producers, agreeing to extend the historic OPEC deal till March 2018. A joint statement issued on Monday by Khalid al-Falih, Saudi’s energy minister and Alexander…

Stop using property value for assessment of Company tax, LCCI tells FG

The leadership of the Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Inland Revenue Service (FIRS) to upgrade itself and begin to use technology and reliable indices in assessing values of companies in times of computing…