Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2017

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ICT

Why Mobile Money growing in Ghana, Kenya better than Nigeria—Ghanaian expert

Just like in Kenya, the first success story of Mobile Money (MM), Ghana is gradually picking up lead in West Africa ahead of Nigeria in the expansion and wider use of MM. A Ghanaian telecoms expert who spoke to Business…

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ICT

Deepen broadband, mobile internet infrastructure to drive education, business in Africa—Report

A new report released on Monday by the Internet Society during the Africa Regional Internet and Development Dialogue has called on African governments to introduce policies capable of encouraging private sector investments in internet connectivity via broadband and mobile internet…

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ICT

National roaming’ll spur massive investments in telecoms sector—-Teniola, ATCON boss

More insights have been given on the multiplier effects of effective take off of national roaming in the nation’s telecoms sector. Explaining more during the recent Annual general meeting (AGM) of the Association of Telecommunications Companies of Nigeria (ATCON), members…

‘Terrorist’ nature of Lagos VIOs forced Ambode to flush them out for retraining–Survey

More details have emerged on why the Lagos State Government has ordered the Vehicle Inspection Officers (VIOs) to leave Lagos roads with immediate effect. Governor Akinwunmi Ambode handed down the directive on Monday based on surging barrage of public complaints…

First quarter saw 6,789 delay and 318 cancellations out of 10,366 flights—NCAA

The cumulative performance of the nation’s domestic aviation industry has shown serious drop in value chain within the first quarter of 2017. A report released by the NCAA’s Consumer Protection Department disclosed that 10,366 flights operated in the first quarter…

Transport

Nigerians, others to benefit from TK/ME codeshare pact— Turkish Airlines

Turkish Airlines (TK), leading international airline has disclosed that Nigerian passengers and passengers from other countries, who travel on the airlines and Middle East Airlines (ME), will be part of the beneficiaries of the codeshare agreement recently signed by the…

Discos focusing on servicing loans not investing in metering, transformers, others—report

Fresh reason has emerged on why the country may not experience better services from Power Distribution Companies (Discos) any time soon. Otherwise, the Federal Government’s Power Sector Recovery Programme (PSRP) report bumped on by our Energy Correspondent has shown that “Evidence…

How IOCs failed to pay $14.3b penalty for gas-flaring to FG in 8 years

Fresh figures from the Department of Petroleum Resources (DPR) and Nigerian National Petroleum Corporation (NNPC) have shown that International Oil Companies (IOCs) failed to pay about $14.298 billion between April 2008 and October 2016 as penalty for gas-flaring to the…

Dangote raises fraud alert on ‘Happy World Meal Gate’, dissociates group, warns Nigerians

Contrary to the publication widely circulated on social media and mobile instant messaging application suggesting that Dangote group is involved in a new ponzi trick, the Dangote brand has averred that it is neither the initiator nor a partner to…

Industry

Affluent nations using dumping strategy to keep Nigeria food import dependent—Minister

The Minister of State for Environment, Ibrahim Jibril, on Monday in Abuja revealed that some rich nations have been working on unknown strategy to developing countries like Nigeria to keep Nigeria food import dependent. He added that the plot which…