Business Hilights

Tracking Nigeria's Headline Business News Online

Month: June 2017

NERC begins consumer awareness drive, opens up on rights of electricity consumers

The Nigerian Electricity Regulatory Commission (NERC), the body empowered to meet the yearnings of Nigerians for stable, adequate and safe electricity supply, has taken the bull by the horn by releasing to the public, the rights of every electricity consumer….

W/Bank’s report faults non privatization of transmission segment of power sector

Latest report of the World Bank on power in Africa has faulted federal government’s idea of not involving private participation in transmission infrastructure, saying the segment is in need of massive investment which only the private sector can provide. The…

Delta Community indicts Army, NDPC, others in oil pollution cover up

Disquiet is raging currently in lead oil producing community in Burutu Council Area of Delta State, Yeye Community over an oil spill at Ekeremo Manifold in the area. A statement signed by Pastor Philip Fianka and Prince Onaro, Chairman and…

Commercial banks on the know, accomplices in illicit funds transfer—Osinbajo

Photo Caption: Acting President, Prof. Yemi Osinbajo, (right); Justice Minister, Abubakar Malami; Chairman, Presidential Advisory Committee Against Corruption (PACAC), Prof Itse Sagay and Minister of Foreign Affairs, Geoffrey Onyeama, at the conference on promoting international co-operation in combating illicit financial…

No business, entrepreneur can make profit borrowing at 28 or 29 per cent—-Saraki

More facts have emerged on why the Senate president, Dr. Bukola Saraki has began a move to lower banks’ interest rate to borrowers. The lawmaker and former Governor of Kwara State had weekend raised serious concerns on the high interest…

More confusion trailing Federal Character Commission on appointments

There has been a range of complains trailing a number appointments made by the federal government which several Nigerians have been seeking the attention of the Federal Character Commission for clarifications. Though the Senate has welded into the recent recruitment…

Electronic payment systems eroding significance of physical locations of banks—Emefiele

The Governor of Central Bank of Nigeria (CBN), Dr. Godwin Emefiele has agreed that in no distant time, physical locations of financial institutions may become mere buildings where little or no financial transaction is done. Speaking recently during the Nigeria…

NITDA pantami
ICT

NITDA assesses websites of MDAs, only 25% has reachable phone lines

Contrary to claims by all ministries that they have repositioned to drive ease of doing business which is now a core value of the government, a new investigation by an agency has raised a serious question mark on the claims….

Ntel Kamar-Abass-
ICT

Abass explains why nTel’s network is called 4G LTE Advanced network

The Chief Executive Officer of nTel, Nigeria’s leading latest entrant to GSM services, Kamar Abass has opened up on why the system is known as 4G /LTE Advanced network provider. In an interview, he revealed that his own interest in…

Ekeh Zinox 22
ICT

Zinox boss, Ekeh warns Africa of lagging behind in digital evolution, manpower dev

Pioneer investor in Information and Communications technology (ICT), and chairman of Zinox Group, Leo Stan Ekeh has projected that if Africa continues with the slow pace in developments around technology, chances are that most African states may not match the…