Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2017

Transport

NPA maintains uniform tariffs across all ports in Nigeria including Rivers Port—Umar

The Port Manager of Rivers Port Complex, Mr. A. G. Umar has made a clarification, saying the Nigerian Ports Authority (NPA) operates a uniform tariff across all port complexes in Nigeria. This has therefore put to rest, claims that tariff…

About 120 S/African firms doing business in Nigeria, but no Nigerian firm in SA

Fresh facts have emerged on why the Minister of Information and Culture, Alhaji Lai Mohammed only stopped at telling the Ambassador of South Africa, Mr. Lulu Mnguni, who paid him a courtesy visit that “there are over 120 South African…

How data segment boosted Bharti Airtel’s 2016 Q4, 2017 Q1 earnings

Indications have emerged showing that the reported $6 million profit from Nigeria and other African countries where Bharti Airtel has operations, stemmed from earnings on growth in the data customer base and consumption. Besides, the overall revenue growth was helped…

How IOC’s lobbying is grounding lawmakers’ national interest in passage of PIB—-BH Report

New report released by Business Hilights Research Team (BHRT) has fingered the unseen forces apparently operating from the camp of International Oil Companies (IoCs) as the stumbling block in the passage of the Petroleum Industry Bill (PIB) at the National…

OPEC seeks ‘collective efforts’ to contain emerging US oil output glut

Ahead of fears that the United States of America (USA) may saturate the market with Shale oil even as OPEC’s cuts regime goes on, the global cartel weekend said oil producers needed to make more joint efforts to match supply…

Energy

Total Nigeria Plc deepens delivery of Solar Energy Solutions in Nigeria

Total Nigeria Plc is reiterating its commitment to better energy not only through the introduction of the first solar service station in West Africa in 2013 but also further deployment of solar hybrid solutions in its strategic service stations spread…

NERC empowered to punish Discos rejecting supply of power for distribution

Due to observed non evacuation of generated power from Gencos by Discos, the Federal Government has directed the regulatory, Nigerian Electricity Regulatory Commission (NERC) to henceforth, sanction distribution companies that reject electricity allocated to them by the Transmission Company of…

Unprecedented cyber attacks hit nations, conglomerates weekend, Microsoft begins rescue

It was hell weekend across the world and mainly in Europe as teams of technicians worked “round the clock” Saturday to restore hospital computer systems in Britain and check bank or transport services in other nations after a global cyber…

Eliminate 41 restricted items, if you hope to get unified exchange rate—Soludo warns CBN

Indication has emerged that the conjuncture and or dreams of the Central bank of Nigeria (CBN) to rely on the prevailing restriction of 41 items from forex window and momentary injection of dollars to the market will drive unified exchange…