87 high sea piracy incidents recorded in first half of 2017
The IMB Piracy Reporting Centre has revealed that between January and June this year, the globe recorded a total of 87 piracy attacks compared to 97 for the same period last year. The half year report however, showed a continuing…
Moody’s first rating of Dangote Cement sees stable outlook, strong future
Leading global corporate rating agency, Moody’s has for the very first time put leading African Cement conglomerate, Dangote Cement on its list of ratings and placed it on a strong outlook status. In a statement from the rating agency, it…
Bread scarcity looms nationwide as bakers plan strike over rising price of flour
The rising price of flour upon observed fall in the price of raw materials is about to force a mass action by members of the Association of Master Bakers and Caterers of Nigeria (AMBCON). In an interview on Thursday, the…
Dangote, Rabiu see price of cement crashing before year end
Whereas leading African cement magnate, Alhaji Aliko Dangote has revealed that backward integration in cement production has saved the nation, about $2bn annually, the Chairman of BUA Cement, Alhaji Abdulsamad Rabiu, on Thursday disclosed that the price of cement may…
All set for Stanel Gas plant inauguration today, July 7
Logistics are now in place for the launch of Stanel Group ultra-modern mega gas plant in Awka, the Anambra state capital today. The 1.5 million litres capacity mega gas plant is strategically located between the state-owned university, Nnamdi Azikiwe University…
‘Only an Act’ll compel IOCs to relocate to Niger Delta, not youths’ threats, others
Contrary to feelings in some quarters that the presidential directive issued by Acting President Yemi Osibanjo during his peace tour of the Niger Delta region will compel the International Oil Companies (IOCs) to move, legal experts have argued that only…
Senate’s investigation of NPA’s JV enterprises highly welcomed—Usman
Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala-Usman has welcomed the decision of the Nigerian Senate to look into the activities of the Joint Venture Enterprises (JVE) of the NPA, saying the investigation was in line with…
Disquiet at NBC over alleged secret allocation of N2.5bn to signal distributor
Though details are still sketchy as at Wednesday’s evening, tension is gathering momentum over an allegation that contrary to laid down terms and conditions for the bidding of signal distributorship in the Digital Switch Over (DSO), the National Broadcasting Commission…
Yudala Research Unit unveils 6 WhatsApp scams smartphone users should avoid
Research and Development Unit of Yudala, has come up with information on six WhatsApp scams everybody android user should look out for and be very careful about. Business Hilights recalls that the App was created in 2009 as an alternative…
‘Giving job to Microsoft after damaging statement on diversion of $30bn centre painful’
Outrage is rising across the nation’s ICT industry following the hiring of United States (U.S.) technology giants including Oracle and Microsoft by the federal government to help in saving costs and fighting corruption. Apart from Oracle which has a strong…
