Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2017

Agip begins feasibility studies on new 150,000bpd refinery

In keeping with its resolve to deepen investment in Nigeria’s oil and gas sector, Nigerian Agip Oil Company (NAOC), a subsidiary of Italian oil major, Eni, has begun feasibility studies for the construction of a new 150,000bpd refinery in the…

Aviation: Can emerging concessionaires inject $50bn in 30 years?

The Nigerian aviation industry seems to be at a cross road considering the revelation by industry experts that the sector is in need of $50bn in the next 30 years. Discussants at the recent Colloquium 2017, Vision 2050 for Aviation…

NIMASA appeals judgment compelling it to pay NLNG N101bn

After studying the latest court judgment in favour of Nigeria Liquefied Natural Gas (NLNG), the Nigerian Maritime Administration and Safety Agency (NIMASA), has appealed the judgment of the Federal High Court Lagos. The matter is between Nigeria Liquefied Natural Gas…

9Mobile
ICT

9Mobile loses ‘Orange’ opportunity to Airtel Sierra Leone

Orange, one of the world’s leading telecommunications operators, announced on Wednesday, the official launch of its brand in Sierra Leone after it successfully completed the acquisition of Airtel Sierra Leone to become Orange Sierra Leone. Many Nigerian industry analysts said…

NITDA
ICT

Three reasons why Nigerian tech start-ups’ won’t grow

Recently in Kenya, the TechCrunch Battlefiled Africa contest was organized by Facebook. Just as all the three prizes were swept away by Ghanaians and one Kenyan, Nigerian startups failed to win anything. Nigerian contingents have since come empty handed, but…

Laptop battery
ICT

Yudala reveals 5 ways laptop batteries can last longer

Fresh discoveries made by the Research and Development Unit of Yudala, Nigeria’s fastest growing composite e-commerce outfit, have shown that while laptop batteries often depreciate with constant use over time, misuse or wrong usage often leads to this happening within…

Nigerians list things FCC’s new equity monitoring portal won’t see

Chances of balancing appointments’ and distribution of national resources across the six geo-political zones in Nigeria got brighter earlier in the week as the Federal Character Commission (FCC), inaugurated a portal that would monitor and ensure justice and fairness in…

Reduce pump price to up purchasing powers of Nigerians, Expert tell FG

…Chides NNPC on stockpiling 2b litres Nigerians have called on the Federal Government to reduce fuel price as a complementary response to rising global oil price, saying announcement of stockpiling over two million litres of Premium Motor Spirit (PMS), to…

Tanzania hits 62% financial inclusion in two years

East African emerging economy, Tanzania has hit 62 per cent in financial inclusion. According to leading MicroFinance Bank, FINCA, the platform got to the height through massive awareness in FinTech innovation. According to the 2014–2016 Tanzania National Financial Inclusion Framework,…

FRSC enforcing use of driving licence is punishing Nigerians—-Motorists

A cross-session on Lagos motorists have responded to the announcement made by the Corps Marshal of the Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi that the agency is organising a special operation targeted at detecting the violators of the…