Business Hilights

Tracking Nigeria's Headline Business News Online

Month: August 2017

Harmonization of taxes by all levels of government to 10, best for economy—PwC

Leading tax analyst and Head, Tax and Regulatory Services at PricewaterhouseCoopers, Mr. Taiwo Oyedele, has said that the best thing to happen to the nation’s tax system is a constitutional review that will not only reduce, but streamline the number…

Why lead labour unions oppose FG’s N39bn loan to Discos

Leading labour unions in Nigeria’s energy sector, the National Union of Electricity Employees (NaUEE) and the Senior Staff Association of Electricity and Allied Companies (SSAEADC), has joined the Trade Union Congress (TUC) to mount opposition campaign against the planned release…

Gas shortfall from Nigeria forces Ghana to seal new supply deal with E’Guinea

The Government of Ghana weekend, signed a Heads of State Agreement with Equatorial Guinea for the supply of 150 million to 200 million standard cubic feet of Liquefied Natural Gas (LNG) per day. The new deal was sealed during President…

Oil fields bid: Issues that suffered during Buhari’s vacation receive attention

More issues that tactically suffered official attention while President Muhammadu Buhari was away on medical vacation are beginning to receive treatment. Just as the report on the embattled Secretary to the Federal Government (SFG), David Lawal, was the first to…

Need for review of fine on gas flaring reechoes as FG loses N96bn in 5 months

Africa Environmental & Economic Peace Mission (AEEPM), weekend said it may approach a Federal High Court to seek for immediate review of the nation’s penalty regime on gas flaring. This is in response to the recent revelation of an estimated…

Liberian Electricity Corporation cancels electricity connection fee

As part of new efforts to deepen seamless access to electricity in rural and under-served regions of the country, the Liberia Electricity Corporation (LEC) has officially removed the upfront service connection fee. The corporation also reiterated that electric power items…

US ends 5-day audit of airports safety, says report to be ready before year end

…NCAA DG confident on Nigeria retaining Category 1 status A top official of the four-man United States Federal Aviation Authority (FAA) team who were in Nigeria last week to audit the nation’s airports safety standards has assured the readiness of…

NPA moves managers, Aliyu now GM, CSC Division

…Reshuffles GM structure to 22 As part of new drive to restructure and situate official organogram for efficiency, the Nigerian Ports Authority (NPA), has shuffled its management team with immediate effect. Already, the Board of the NPA has approved the…

NOTAP fails, as banks continue to buy foreign software to run new products

Barely two months after announcing in Abuja that it will start refusing the application of banks for foreign software purchases because of the drain on the nation’s foreign exchange reserves, the National Office for Technology Acquisition and Promotion (NOTAP), has…

StarTimes plots market control mechanism, considers retraining of staff

At a time there had been rising allegations and counter allegations bordering on unconfirmed cases of victimization and abuse of Nigerian staff by Chinese officials in the company, pioneer digital terrestrial TV group, StarTimes has launched a new policy that…