Business Hilights

Tracking Nigeria's Headline Business News Online

Day: April 30, 2018

Spectrum regime

NFMC with NCC, NBC must find level playing ground on access to 700Mhz—Teniola

Since MTN Nigeria bought the supposedly broadcast frequency; 700Mhz, from the National Broadcasting Commission (NBC) which was said to be lying fallow when payment of N34b was made, there has been some levels of disquiet in the industry on the…

NBC DSO Sheraton

NBC releases stations sanctioned in Q1 due to various broadcast breaches

The National Broadcasting Commission (NBC), has released the quarterly list of broadcasting stations that contravened the provisions of the Nigeria Broadcasting Code for the 1st Quarter, 2018. In a statement signed by Acting Head, Public Affairs, Mr. Ekanem Antia, NBC…

Orange Telecoms

Orange Digital Ventures invests in Africa to deepen clients’ expansion strategies

The Orange investment fund initiative for Africa known as Orange Digital Ventures Africa (ODVA), launched last June has announced its first investment designed to help Africa’s Talking (AT) to raise $8.6 million alongside the IFC World Bank and Social Capital….

Why CBN pegged daily money transfer via mobile phones at N100,000

Fresh details weekend, emerged on why the Central Bank of Nigeria (CBN) has set the maximum amount a bank customer can transfer via mobile phones using shortcodes at N100,000 in a day. A terse statement signed by Director, Banking and…

Activities that shaped Nigerian economy last week ending April 28, 2018

The business week started on Monday, with the World Bank release of its latest Migration and Development Brief. It showed that remittances to Nigeria rose by 10% to USD22 billion, from USD19.64 billion in 2016, supported by improving economic growth…

ABC Transport Plc celebrates 25 years of operations in Nigeria, West coast

Though the leading indigenous driver of transport business in Nigeria, ABC Transport Plc., had its ground finale of all celebration and activities put together to mark the Silver Jubilee (25 years) of the transport giant weekend at Owerri, the Imo…


To tame incessant demurrage disputes, NSC working on MoU with shipping firms

End to intractable trade disputes hobbling shipping companies on issues of container deposit regime and the Nigerian Shippers’ Council (NSC) may soon be a thing of the past. This is coming on the basis of a new Memorandum of Understanding…

Ogoni clean-up timetable delivered as submission of bids for contracts ends today

The Federal Government, weekend said it has completed timetable for the clean-up of hydrocarbon impacted communities in four local government areas of Ogoniland in Rivers. The Minister of State for Environment, Malam Ibrahim Jibril, who made the revelation while inspecting…

NPDC to become Nigeria’s leading daily oil producer, builds 330,000mtpd gas plant

One of the subsidiaries of Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC), is set to deepen daily production of crude oil to half a million barrels to assume the plum position of the country’s leading producer….

Ghana Oil Company Ltd jumps profit to 21%, pushes up earnings per share to 0.167

Ghanaian leading indigenous oil marketing company (OMC), just like the Nigerian National Petroleum Corporation (NNPC) known as Ghana Oil Company Limited (GOIL) had paid a total sum of GH¢1.128 billion to the government of Ghana in taxes and levies in…