Customs FOU Ikeja sweeps smugglers, impounds items worth N784m in 16 days
Anti-smuggling surveillance team of the Federal Operations Unit (FOU) Zone ‘A’ of the Nigerian Customs Service (NCS) has set new record as it impounded various classes of contraband and goods that were falsely declared by their importers worth N784m in…
US warns of tropical cyclone off coast of West Africa within days
The U.S. National Hurricane Centre (NHC) has warned that an area of low pressure, located just offshore of the coast of western Africa has a 30 per cent change of developing into a tropical cyclone in the next 48 hours….
N200b Dangote world class Varsity berthing in Abuja soon
Formal expression of interest and documentation of approval processes for the construction of Dangote University in Abuja have begun in earnest, Business Hilights can authoritatively report. Documents bumped upon by our Abuja Bureau Chief on Monday showed that African leading…
To avoid Omatek experience, BoI warns women entrepreneurs over loan abuse
The Bank of Industry (BoI) has commenced disbursement of loans to about 1,000 women entrepreneurs in Plateau State, with stern warning to beneficiaries to avoid diversion or abuse of the facility. Business Hilights recalls that the major problem that pushed…
Osinbajo set to commission fertiliser plant in Edo today
The Vice President, Prof. Yemi Osinbajo, will today, Tuesday inaugurate the Edo State Fertiliser and Chemical Company Limited in Auchi, Etsako West Local Government Area of the state. A statement issued in Benin, by the Special Assistant to the Governor…
Minister unveils Stock Exchange data centre in Lagos
L-r: Mr. Oscar N. Onyema, Chief Executive Officer of the Nigerian Stock Exchange (NSE); Ade Bajomo, Executive Director, Market Operations and Technology, NSE; Honorable Minister of Science and Technology, Dr. Ogbonnaya Onu; Chief Patrick Ezeagu, Chairman, Association of Stockbroker Houses…
Scarcity of STBs frustrating digital switch on of Ilorin, Kaduna, others—NBC
…reviewing applications for Radio licence renewals All logistics and needed infrastructure settings are on ground to the effective Digital Switch Over (DSO) of Ilorin in Kwara State and Kaduna state, but for the scarcity of Set Top Boxes (STBs), popularly…
Underinvestment in technology killing old refineries—Siemens boss Tifase
Contrary to claims by several petroleum refining experts in government circle that first generation refineries have defiled all maintenance processes to remain inefficient, the Chief Executive Officer, Siemens Limited Nigeria, Onyeche Tifase, has stressed that only use of latest technology…
NCC, FCT to harmonise exorbitant fees, QoS ahead of smart city deal
More challenges that will hobble the emerging regime of smart city in the Federal Capital Territory (FCT) will soon be resolved as the Ministry and the regulator, the Nigerian Communications Commission (NCC) are set to partner to drive the deal….
Lagos leads FCT, 4 others in FDI as 31 states remain investment-dry in H1—NBS
Latest capital importation report from the National Bureau of Statistics (NBS), has shown that Lagos State is still enjoying its high return on investment as it lead the Federal Capital Territory (FCT) and four other states with flexible investment policies…
