Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2017

3 more days for SERAP to sue Fashola, Discos over hoarding of prepaid meters

Today, May 25, will make it four days into the prevailing 7-Day Ultimatum handed down to the Minister of Power, Works and Housing, Mr. Babatunde Fashola to either compel electricity distribution companies (DisCos) to provide Nigerians with free pre-paid meters…

Creation of continental free trade area may kill surviving Nigerian industries—Expert

Contrary to the permutations of the Federal Ministry of Finance and the Nigerian Customs Service (NCS) that the enthronement of Continental Free Trade Area (CFTA) will grow manufacturing in Nigeria and the country will gain more from intra-African trade, leading…

Import process guidelines: FG begins real time tracking of imported goods from July 11

To ensure total compliance with the reviewed guidelines on import procedures, the Federal Government, through the Nigerian Customs Service (NCS), will effective July 11, flag off tracking of goods that come into the country. A memo from the NCS to…

#I AM A NIGERIAN campaign can ‘kill’ already weak ‘Change begins with me’

For the fact it failed to amass the promoted catchment of followership and acceptability at launch, the Ministry of Information’s ‘Change begins With Me’ may finally fade away from tomorrow, when the Acting President Yemi Osinbajo, would be the Special…

ICT

MainOne, others seek greater investments tailored to drive data market in Africa

Experts at the International Telecoms Week conference in Chicago have highlighted the need to accelerate investment in Africa to facilitate the continent’s broadband data explosion. Data center operators lead by MainOne Cable Company said the best thing to happen in…

passport Nigeria
ICT

NIS appeals to foreign investors to use online platform for ease of Visa on Arrival

In view of documentary hitches so far recorded by the Nigeria Immigration Service (NIS) in processing Visa on Arrival (VoA) for visitors at arrival points across the country, the agency has advised foreign investors and companies willing to apply for…

Akufo Addo
ICT

Only indigenous investors can build a viable ICT industry in Ghana— e-Solutions boss

The chief executive officer of leading indigenous Information Technology (IT) group, e-Solutions Ghana, Mr Solomon Adiyiah, has argued that leaving both policy formulation and drive in the hands of the government may not take IT development to where it should…

Again, Tincan Port intercepts 440 pump action guns concealed with POP cement

Relying on strategic surveillance intelligence in line with the renewed vigour and enthusiasm for effective Service delivery by the Nigeria Customs Service (NCS), the Tincan Island Command intercepted a total of 440 pieces of assorted Pump Action Riffles. Earlier in…

Banking/Investments

Fashola opens up on how to unlock potentials of Nigerian housing sector at NSE

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday at the Nigerian Stock Exchange (NSE) gave an insight on how best to unlock the untapped potential of the nation’s housing industry. In a keynote address presented at…

New strategy tailored to reduce oil production cost to $2 per barrel coming

Indication has started to emerge showing that Nigerian government has been working on the possibility of reducing aggregate cost of producing one barrel of oil to as low as $2. This is coming on the heels of a new deal…