Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2017

MTN shop
ICT

MTN’s September listing plan on Nigerian Stock Exchange alive—Tsaagane

MTN General Manager in Abuja, Mr Nikiwe Tsaagane, has again renewed the hope of listing its shares on the Nigerian Stock Exchange (NSE) this year during a courtesy visit to the Minister of Science and Technology. Dr Ogbonnaya Onu. The…

Yudala
ICT

Rising demands force Yudala to extend Tech Week sales promo

Yudala online and offline e-commerce outfit weekend announced an extension of the ongoing nationwide sales event tagged Yudala Tech Week to Saturday July 8th 2017. The drive is a promotion designed to offer Nigerians a chance to enjoy rock-bottom prices…

Banking/Investments

Belo-Osagie’s resignation opens new Etisalat’s debt liabilities to contractors

Barely few hours after the resignation of the Chairman of Etisalat, Mr. Hakeem Belo-Osagie, another round of debt profile owed contractors has raised its head in the telecoms company. Otherwise, Etisalat will not be battling only the $1.2bn debt to…

NIIA boss, Onyekazi makes case for protection of INTELS investments

The ongoing legal bout between the Nigerian Ports Authority (NPA) and INTELS Group over a directive issued by the Managing Director, Hadiza Bala Usman, that every terminal in the port was free to receive any cargo as far as it…

FG deepens growth in Nollywood, releases final trenche of N420m for movie production

Contrary to speculations that the current government may have dumped support for the Nollywood industry because of the campaign roles a good number of the operators played during the 2015 Presidential campaign, a move suggesting otherwise has been made by…

Nwankwo hands over to Patience Oniha as new DG of DMO

After two terms of five years of meritorious, but hectic service as Director General of Debt Management Office (DMO), Dr. Abraham Nwankwo has handed over mantle of leadership to new DG, Mrs Patience Oniha. This followed her approval by the…

Failed scanners at ports leave Customs with option of 100% exams, cargo delays—Sifax

After several claims and counter claims by the leadership of Nigerian Customs Service (NCS) that it is on top of the challenge of fixing failed scanners at the ports more than two months ago, nothing has happened. This according to…

Apapa gridlock: Why inland waterways is not considered alternative to haulage

The ongoing frustrations faced by cargo owners using Apapa port access roads to move their goods in and out of the ports have raised issued on the need for alternative mode of transportation. Considering the absence of rail system which…

Discos deliberately delaying provision of prepaid meters to customers—Survey

Contrary to claims by all the power distribution companies (Discos) that they are stepping up efforts to increase their provision of electricity meters to millions of unmetered customers, intelligence gathered from the rank and files of workers in some of…

Nigeria’s untapped renewable energy sources, estimated at 93,950MW—UN

The UN Economic Commission for Africa (UNECA) has revealed that the nation’s renewable energy sources are estimated at 93,950MW and urged the Federal Government to explore them. The estimates on dammable rivers or waterways also show that Nigerian rivers can…