Business Hilights

Tracking Nigeria's Headline Business News Online

Month: August 2017

Ghana comes, begging for more Nigerian gas for electricity, others

Energy crisis rocking Ghana can be resolved if Nigeria’s gas is sustained or even increased in volume. This was the revelation of the Minister for Energy, Ghana, Mr. Boakye Agyarko, on Tuesday at the Nigerian Annual International Conference and Exhibition…

Cement backward integration deepens, as Dangote exports 2.3% stake

Details have emerged showing the gaining of Nigeria’s success in the completion of backward integration in cement production which was driven by Dangote Cement before the end of last administration. Fact from the Nigerian Stock Exchange (NSE) on Tuesday, showed…

Henceforth site refineries only in producing areas—SE-SSG Forum

The real deal of the newly inaugurated South-East/South-South Governors’ Forum (SE-SSG Forum), who had their inaugural meeting in Enugu State recently, has emerged. In a statement endorsed by the interim chairman and Governor of Akwa Ibom State, Mr. Udom Emmanuel,…

Brexit: EU businesses considering building fresh economic hub in Paris

If the words of the HSBC Plc’s chief executive, Stuart Gulliver, on Monday that creating a new hub in Paris could cost up to $300 million, is anything to go by, there are chances that key European Union (EU) leading…

Why FG didn’t use GIFMIS on 2017 budget, plans scheme for 2018

The Director-General of Budget Office of the Federation, domiciled in the Ministry of National Planning, Mr. Ben Akabueze, has revealed that the inability of the federal government to train officials on the use of Government Integrated Financial Management Information System…

Onu 3
ICT

MDAs not leading in use of local products like PCs, cars bad for EO3—BH survey

Latest report by the Business Hilights Economic Research team (BHERT) has show that contrary to the ongoing campaign by the federal government through the issuance of the Executive Order (EO) 3 of May 18th , 2017 to drive local contents…

NCC head office, Abuja
ICT

As NCC decries non-renewal of licences, Venn sees DPF killing remaining ISPs

Rising from a one day Stakeholders’ Forum on Internet Services Providers (ISPs) to look at how best to grow the segment in Nigeria, the regulator, Nigerian Communications Commission (NCC) has on the rate of collapse of companies in the sector…

Fresh confusion in Niger Delta over lack of jobs for PTDF graduates

A looming danger is brewing in the oil rich Niger Delta of Nigeria following the rising number of youths who are trained under the Petroleum Technology Development Fund (PTDF), in various petroleum technologies, but nowhere to absorb them now. Otherwise,…

Oil workers 21 day ultimatum for nationwide strikes enter day 3 today

President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Igwe Achese, has said there are strong chances of fuel scarcity in the Federal Capital Territory (FCT), Abuja following the decision taken to stop fuel supply…

Too many talks without action on sea piracy, other marine crimes worry stakeholders

Africa and mainly Nigerian stakeholders in shipping and maritime business have expressed worry over what they described as too much preparation to fight piracy and other criminalities at seas without any real action for some time now. To experts, proposals…