Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2017

AEEPM seeks compensation for Nigerians as FG fails to end dirty fuel imports July 1

Considering the lack of political will and policy summersault at play in the inability of the Federal Government to enforce ban on the importation of dirty fuels into the country from July 1, 2017 as announced in December last year,…

At $150,000, refinery licensing fee still discouraging—Experts

Discordant voices have started trailing the review of fees for granting Licence to Establish (LTE) and Licence to Operate (LTO) of a petroleum refinery put at $150,000 by the Department of Petroleum Resources (DPR). Though the agency review of its…

Shippers Council loses Appeal to control NPA in landmark judgment

After years of legal tussle on the soul of the powers to regulate the ports, the Court of Appeal seating in Lagos has delivered judgment, affirming the powers of the Nigeria Ports Authority (NPA) to control the ports and not…

PTML voids NIWA claims, provides barges to its off dock terminal in Mile 2 Lagos

Contrary to the position of National Inland Waterway Authority (NIWA) that there is no plan to move cargos using the ports waterways, the management of Ports & Terminal Multiservices Ltd (PTML Terminal) Lagos has commenced evacuation of Customs cleared containers…

Gbenga Adebayo
ICT

Review data price floor now to raise investment in infrastructure, QoS–ALTON

The chairman of Association of Licenced Telecoms of Nigeria (ALTON), Engineer Gbenga Adebayo has join the barrage of clarion calls on the federal government and mainly the telecoms regulator, Nigerian Communications Commission (NCC) to review the current floorless status of…

NITDA pantami
ICT

Why NITDA warned all IT service providers on service delivery standards

The National Information Technology Development Agency (NITDA) has revealed that it has for some time now, been inundated with barrage of complaints from Ministries, Departments and Agencies (MDA), the organised private sector and individual consumers of IT goods and services…

Mobile Ecosystem
ICT

Asia’s mobile ecosystem created 16m jobs in 2016 GSMA Report

Latest report released by leading global ICT survey group, GSMA has shown that Asia’s mobile ecosystem created approximately 16 million jobs in 2016, directly and indirectly, and made a substantial contribution to the funding of the public sector. GSMA said…

African banks embracing disruptive technologies a lot quicker—Agbaje, GTB Boss

Managing Director and CEO of Guaranty Trust Bank (GTBank), Mr. Segun Agbaje has revealed the African banking sector is very much ahead in terms of mobile banking because they are smart and quicker in embracing disruptive technologies. In a recent…

Fatal swallow: Nigerian who injested 79,000 euros in condoms charged in France

A Nigerian man (name with held) has been arrested in eastern France after being found with condoms stuffed with 79,000 euros ($90,000) hidden in his stomach, customs officials said Monday. The man, arrested Saturday in Strasbourg, had another 13,000 Swiss…

Upon prevailing matter in court, Customs begins e-auctioning of seizures, cars

Contrary to earlier speculations that the authorities of the Nigerian Customs Service (NCS) will avoid what can be seen as contempt of court by stepping down the resumption of the July 1 e-auctioning of seizures, it went ahead as planned….