Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2017

DSS arrested Capital Oil boss, Ifeanyi Ubah over N11 billion dirty petrol runs

The Department of State Security (DSS) has given the reason behind the weekend arrest of Mr. Ifeanyi Ubah, the chairman of Capital Oil and Gas Limited. In a statement issued by the Service and signed by the spokesman, Tony Opuiyo,…

NAPE members frustrated by political undercurrents trailing PIB at NASS—Adesanya

President, Nigerian Association of Petroleum Explorationists (NAPE), Mr. Abiodun Adesanya has opened up on why they are beginning to lose interest following the National Assembly in the process of driving home the much expected petroleum Industry Bill (PIB) which is…

Air Peace secures IOSA endorsement, graduates to code-share pact

Emerging leaders in Nigerian domestic aviation sector, Air Peace, has gained entry into the prestigious registry of the International Air Transport Association’s Operational Safety Audit (IOSA). This was recorded after completion of its safety audit and found compliant with all…

BoI crashes interest rate of youths’ loans to zero percent to grow SMEs

Though the Minister of Finance has failed to streamline the role borders between all development banks following the recent takeoff of Development Bank of Nigeria (DBN), there are signals that Bank of Industry (BoI) is now raising its game in…

GTB lifts over 100 SMEs, says National Food & Drink Festival now, yearly

Guaranty Trust Bank Plc., convener of yearly Food & Drink Festival featuring farmers’ market in order to grow agro-business has assured that considering the gains of the 2017 edition which was well attended, the bank will continue the scheme on…

Expert sees bias in Stutern Report on Varsities that produce most employable graduates

The recent report released by Stutern Group in partnership with Jobberman and BudgIT, saying that  graduates from Covenant University were the most employable, followed by the University of Agriculture, Abeokuta, and Obafemi Awolowo University, Ile-Ife, has been roundly faulted by…

Lagos GDP hits $136b, joins league of fastest developing mega cities in the world

More reasons have emerged showing how Lagos State has become one of the fastest growing mega city in the world. This was made public by the State Governor, Akinwunmi Ambode who revealed that the Gross Domestic Product GDP of the…

Lagos rakes N20.774 bn from land transactions in one year, gives 4,445 e-C of O

The Special Adviser to Lagos State Governor on Urban Development, Mrs. Yetunde Onabule, has revealed that diversification of the economy has started yielding results in the state, saying  the state has raked in N20.774 billion on land related transactions in…

Shareholders applaud NASCON management, accept 70k dividend

Shareholders of NASCON Allied Industries Plc have unanimously lauded the decision of the company to pay a dividend of 70 kobo per share as against the 55 kobo paid in 2015. Chairman of the Independent Shareholders Association, Chief Sunny Nwosu,…

ICT

Just in: Confusion trials exact number of freed Chibok Girls by Boko Haram; 82 or 62?

Whereas Sahara Reporters claims it exclusively obtained information that the Islamist terrorist group, Boko Haram, has released of a batch of more than 80 kidnapped Chibok high school girls who were abducted in mid-April 2014, Aljazeera TV said it was actually…