Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2018

10 months after saying Lagos contributes half of Nigeria’s VAT, nothing to show—BHIU

It would be recalled that the Minister of Finance, Mrs. Kemi Adeosun, had on first August, 2017, revealed that more than half of Nigeria’s value added tax (VAT), comes from Lagos State alone. However, checks by Business Hilights Intelligence Unit…

Mixed responses trail IPOB’s Sit-At-Home Order in S’East Nigeria

…Selective compliance in Anambra, Imo, Abia, light in Enugu, none in Ebonyi Whereas majority of residents of Anambra, Imo and Abia States on Wednesday defied the pro-Biafra sit-at-home order to continue their normal socio-economic activities, there was very light compliance…

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ICT

Ghana assures citizens of subsidized set-top-boxes as DSO hits advanced stage

In what may look like taking a cue from the Nigerian states’ governments, the Ghanaian National Media Commission (NMC) has assured that the country’s migration from the analogue to Digital Switch Over (DSO) in television broadcasting would be made simpler…

4 leak points on Trans Ramos Pipeline responsible for shut-in—Shell

More facts have emerged on why Trans Ramos Pipeline in the swamps of Western Niger Delta has remained shut, leading to the loss of well over 100,000 barrels of crude oil per day (bpd) which amounts to revenue loss of…

FG working on providing uninterrupted power supply to Aba manufacturers’–Ikpeazu

In a follow up to Abia State governor’s drive to return industrial productivity of Aba city, the federal government is speeding up the delivery of uninterrupted power supply in the industrial zone. The State Governor, Dr Okezie Ikpeazu, who explained…

Fears over Saudi Arabia, Russia possible glut draw down oil price

Oil prices inched down on Wednesday amid concerns that Saudi Arabia and Russia will pump more crude in the second half of the year in response to falling global crude inventories and rising consumer prices. Saudi Arabia and Russia have…

NACCIMA seeks single window payment system, review of MPR to attract FDIs

To deepen trade facilitation, the leadership of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has listed three conditions government must meet to grow foreign direct investments in Nigeria. The Chamber listed ratification and domestication of…

372 win in PZ Wilmar’s ‘Mamador Kitchen Makeover’s first draw in Lagos

In keeping with its customer service drive and trade promotions for leading cooking oil in Nigeria, Mamador Vegetable oil, PZ Wilmar has conducted first of the three programmed draws for the ‘Mamador Kitchen Makeover’ promo in Lagos. The first draw…

Ebonyi begins expansion of fertilizer plant due to surging demand by farmers

Considering unprecedented surge in demand, the Ebonyi State Government has begun expansion of production lines and installation of equipment to boost the production capacity of the Ebonyi Fertilizer and Chemical Company Limited along the Abakaliki-Ogoja highway in the state capital….

Fewness of centres may weaken vehicle inspection before issuance of certificate in Lagos

Transport experts have picked holes in the latest policy summersault of the Lagos State Government who may have outlawed the issuance of roadworthiness certificate without examination of the vehicle. Experts say with even 30 centres in place, the facilities may…