Business Hilights

Tracking Nigeria's Headline Business News Online

Month: August 2017

Breaking news: Shooting rages as Okorocha demolishes Eke-Ukwu Owerri, Imo State

One boy has been allegedly shot dead and so many others injured by security forces guarding the demolition of Eke-Ukwu Owerri today, Saturday, August 26 and latest report says serious confusion is unfolding across the hitherto sleepy metropolis of Owerri,…

glo logo
ICT

Glo drags EFCC to Court over alleged interest in contractual matter, seeks N50m

Leading telecoms giant, Globacom Limited has approached a Lagos State High Court in Igbosere to stop the Economic and Financial Crimes Commission (EFCC) from further investigation and or any other form of involvement over a petition written against it by…

NBC Kawu Modibbo
ICT

Rights groups protest DStv, GOtv exploitation, StarTimes free China stations

A joint protest session carried out by three rights group, People Against Corruption and Injustice (PACI), Human and Consumer Rights Advocacy Centre (HCRAC) and Campaign Against Impunity and Domestic Violence (CAIDV) in Abeokuta, Ogun State capital has called for sanctions…

Dangote deepens backward integration in sugar, seals N166b pact with Niger State

Basking on the euphoria of the tremendous success achieved in cement backward integration few years ago, Dangote Group has inked a Memorandum of Understanding (MoU) with Niger State Government to drive similar feat in sugar production. The agreement was in…

Why FG introduced N61bn local content intervention fund

The Minister of State for Petroleum Resources, Dr. Ibe Kachukwu has explained that the key target of the inauguration of $200m, about N620bn local content intervention fund, saying the   Federal Government bought the idea to grow activities of local investors…

Recession: BrickWall Group, notable economists give antidote for businesses

Rising from a one day seminar, tagged, ‘Succeeding in recession’, experts in development economics have conceptualized strategic way out of recession for young entrepreneurs in Nigeria. The seminar stemming from the viewpoint of entrepreneurship was put together by a not-for-profit…

N4.7bn debt to Intels forces Court to order seizure of Oando’s oil rigs

Consequent upon suit number FHC/PH/CS/102/2017 filed by INTELS Nigeria Limited, an oil and gas logistics services firm, against three drilling rigs as 1st to 3rd Defendants; Oando Energy Services Limited, Oando Marketing Plc and Oando Plc as 4th to 6th…

Nigeria satisfies all conditions for joining aviation emission reduction league—NCAA

Having fulfilled all terms and conditions for joining the International Civil Aviation Organisation’s (ICAO) implementation of the pilot phase of the Carbon Offsetting Reduction Scheme for International Aviation (CORSIA), the Nigerian Civil Aviation Authority (NCAA), has said January 2021 date…

Nigerian air accident investigators off to São Tomé & Principe

Certified team of air accident investigators from the Nigeria’s Accident Investigation Bureau (AIB) has landed in São Tomé and Principe to investigate the recent crash of an A-74 aircraft, which occurred on the West African Island. The invitation to Nigeria’s…

FG begins construction in 33 states to boost national housing scheme

As part of drive to reduce housing deficit in Nigerian which has climbed to 20 million at the end of 2016, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Thursday, said the Federal Government has commenced construction…