Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2018

CBN threatens banks’ CEOs, chairmen with sack in case of delayed annual results

The Central Bank of Nigeria (CBN) has read fresh riot Act to chief executives and board chairmen of commercial banks warning that any observed delay in the publication of their audited annual results and accounts at the end of the…

Ahmed Buhari opens up on why he wants to be Nigeria’s president come 2019

…Three other presidential aspirants give their reasons too One of the youngest declared presidential aspirant, Mr. Ahmed Buhari (not related to President Muhammadu Buhari by any means as both are not from same state), has given insights on why he…

If it’s God’s will for me to become president, even OBJ, others can’t stop me—Atiku

Former Vice President who deputized former President Olusegun Obasanjo between 1999 and 2007, Alhaji Atiku Abubakar has reacted to a trending comment by his former boss that he won’t lead Nigeria while he was alive. Atiku, who looked unruffled, said…

Saraki at NYSC camp, says ‘Our youths have capacity to match their peers worldwide’

More prominent Nigerians are continuing to denounce the recently trending comments made by President Muhammadu Buahri which tend to suggest that Nigerian youths are lazy, waiting to eat free oil money. President Buhari made the comment while addressing Commonwealths body…

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AMCON boss at Lecture, seeks CBN’s kind of monitoring on banks’ for local airlines

Barring any last minute change, airlines may soon be monitored the way and manner the Central Bank of Nigeria (CBN) is on the toes of banking institutions to avoid bankruptcy and collapse. Already, the Managing Director, Asset Management Corporation of…

FG to send memo on N210b remodeled 2nd Niger Bridge to BPP this week

Indications that the second Niger Bridge will for the fifth time, be used by a ruling government to campaign for votes from the South East emerged weekend following the revelation by the Ministry of Power, Works and Housing that the…

Revealed: Soot enveloping Port Harcourt coming from cells of illegal refineries

At last, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has umasked the origin of unprecedented black cloud of soot that have taken over the hitherto serene atmosphere in Port Harcourt, the Rivers State capital, saying they…

8 months after Govs outburst in PH, FG begins first oil & gas Park in Bayelsa

…Four more underway in oil states—FG Barely eight months after the South East, South South Governors’ Forum (SESSGF) met in Port Harcourt, the Rivers State capital as part of the regions’ build to greater socioeconomic collaboration, the Federal Government has…

Oil Mining Lease (OML) 30 peaks at 75,000bpd from zero level in March 2017

Just as oil price remains on the rising stretch, a strong boost to more income for the Nigerian economy was confirmed on Monday as Oil Mining Lease (OML) 30 peaked at 75,000 barrels per day from zero level in March…

Blue Diamond Logistics boss, Chief Mbisiogu inaugurated as NIDO head in China

Chairman/chief executive of Blue Diamond Logistics China, Mr. Festus Mbisiogu, honoured recently as Head of Nigerians In Diaspora Organization (NIDO), Guangdong Province for his outstanding performance in bridging the gap between Nigeria and Chinese investors. Present at the inauguration are…