Business Hilights

Tracking Nigeria's Headline Business News Online

Month: November 2017

CBN, FAAC agree to remit forex proceeds from $9bn to federation account

Henceforth, proceeds from forex transaction would be remitted into the Federation Account for the three tiers of government to share, and reduce budget deficit. This is part of a new agreement reached between the Central Bank of Nigeria (CBN) and…

FG, NNPC mute on outcries for scholarship to Okafor after offering Bugaje

Since this week, there has been a trending anger on social media claiming that the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru announced award of scholarship to an Electrical/Electronic Engineering graduate, Al-amin Bugaje, who…

Buhari-led administration foot-dragging Ogoniland cleanup—wike

Rivers State governor, Nyesom Wike, has accused President Muhammadu Buhari administration of foot-dragging the cleanup of Ogoniland. In his remarks after the Senate Committee visit of the sites, he noted that failure by the Federal Government to commence the exercise,…

AfDB targets 25m jobs from Africawide Presidential Youth Advisory Group

President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth. The new deal is part of the Bank’s Jobs…

NIMC DG explaining issue during a press conference in Lagos
ICT

NIMC ups NIN registration centres to 809 nationwide, insists no NIN no passport

The leadership of National Identity Management Commission (NIMC) has announced the increment of registration centres across the nation to 809 points as part of efforts to ease access to Nigerians to get their National Identity Number (NIN). In a recent…

CTO DBC Forum 17
ICT

CTO urges Caribbean nations to fast track switch to digital broadcasting

Secretary-General of the Commonwealth Telecommunications Organisation (CTO), Shola Taylor, has warned Caribbean countries to step up their speed in driving transition to digital broadcasting. According to Taylor, the feat will enable them join the comity of nations in enjoying the…

Glo Hyundai
ICT

Am porting all my family members to Glo—Car winner promises

Winner of the star prize of Hyundai Accent car in Globacom’s customer-reward offer, Everyday Bonanza, Tanini Shishi has promised to port all his family members to the Glo network. Shishi, a forty-four-year-old native of Taraba State who was presented with…

NIMASA killing shipping industry by withholding $100m cabotage fund—NSIA

There are serious indications that the current leadership of the Nigeria Maritime Administration and Safety Agency (NIMASA), may have balkanized the togetherness existing between all associations of ship operators in Nigeria. Otherwise, since this year, discordant voices have been coming…

Fayose flags off demolition of abandoned, uncompleted houses

Just as the Lagos State Government seems to have abandoned its 2016 threat that it will either demolish or auction earmarked 115 uncompleted highrise structures dotting parts of Lagos Island and Ikoyi, on Tuesday, the Ekiti State Government begun demolition…

Shell: Amnesty seeks probe on alleged complicity in Ogoni murder, torture

London-based global rights watchdog, Amnesty International (AI), on Tuesday began a campaign that will terminate in the prosecution of oil giant, Shell Nigeria over its complicity in allegedly aiding Nigerian military to commit human rights abuses in the oil-rich south…