Business Hilights

Tracking Nigeria's Headline Business News Online

Year: 2017

Power generation looking up even in dry season, hits 4,000MW

Unlike previous years when power used to drop during dry season due to reduction in water levels at the dams, statistics from the Nigeria Electricity Regulatory Commission (NERC) has shown that after being unstable at 3,000 megawatts for about 10…

150 SMEs got facility from ETF out of 281 micro-enterprises in Lagos

Indications have emerged that about150 small and medium enterprises (SMEs) have received offer letters under the pilot scheme of its Employment Trust Fund (ETF) while 281 micro-enterprises have gotten approval and are waiting for access to the fund before the…

Former LASAA boss, Noah recounts near-death experience in new book

While the 2015 General Elections might have come and gone, psychological scars occasioned by some uncharitable events that played out in its build-up, still haunt many till this day. Otherwise, the personal experiences of Mr. George Noah, the immediate past…

New NBS population statistics raises dusts in all areas ahead of planned census

A new report jointly presented by National Population Commission (NPC) and the National Bureau of Statistics (NBS) have put the current figure of Nigeria’s population at 193,392,517, but associated data have raised serious questions on the authenticity of the statistical…

Aero contractors
ICT

State of navigational aids at airports frustrating as prophets foresee crash in 2017

Leadership of the Airline Operators of Nigeria (AON) has decried the deplorable state of navigational aids at airports around the country. In a statement signed by the Chairman of AON, Nogie Meggisson said the situation had made flying in the…

Heritage Bank denies relationship with suspended Heritage Capital

Even though financial pundits have continued to insist that Heritage Bank has something to do with Heritage Capital just like other banks that have subsidiaries using its key brand name, management of embattled Heritage Bank has said that there is…

More confusion as NAFDAC confirms contamination, says no plastic rice in Nigeria

Recipients’ of the suspected 25KG bag of ‘Best Tomato Rice’ earlier speculated by the Nigerian Customs Service (NCS) that it was plastic rice may start to think twice or become more confused as latest report on the same rice by…

NIMPORT, NIWA begins strategic partnership to drive waterway investments

As part of drive to deepen private sector investments in Nigerian waterways, the Nigeria International Ports and Terminal (NIMPORT), a port and terminal promotion body, has expressed support for the repositioning of National Inland Waterways Authority (NIWA). The new deal,…

Fears force FG to think upgrading of Instrument Landing Systems at major airports.

The recent cancellation of the presidential flight to Bauchi traced to poor Instrument Landing Systems (ILS) is currently compelling the Minister of State for Aviation, Senator Hadi Sirika to agree to upgrade the platform in every airport in the country….

Dangote, CNN extend multi-year deal focusing on energy

Leading manufacturing conglomerate, Dangote Group has sealed fresh investment deal with Cable News network (CNN) that will focus on energy in 2017 amongst other stables. It would be recalled that the Africa’s Energy Surge reports air daily in flagship CNN…