Business Hilights

Tracking Nigeria's Headline Business News Online

Month: June 2018

Just in: LASEMA clears, opens Otedola Bridge in Lagos for traffic after inferno

Following coordinated joint activities of security agencies, traffic officials from FRSC, LASEMA, NPF, RRS, NSCDC, Lagos State Fire service, and LASTMA throughout last night, the government of Lagos State around midday today, concluded the clearing of vehicles wreckage touched by…

Oranto Petroleum developing vast potentials of Africa’s frontier oil, gas markets—Eze

… Farms into Zambian oil blocks Pan-African explorer, Oranto Petroleum, promoted by Anambra State born investor, Prince Arthur Eze, on Thursday sealed a new deal with Zambian government to hold a 90 percent stake and ZCCM Investment Holdings and also…

CBN to introduce smarter guidelines on Cyber Security for Banks, PSPs

As part of caution ahead of fears of emerging sophistication in cyber attacks on global financial institutions, the Nigeria Central Bank (CBN) has announced the release of draft risk-based framework and guidelines on cyber security for deposit money banks and…

NIS Muhammed Babandede
ICT

Wrong systems integration, cause of NIS biometric visa-on-arrival crisis—Expert

As the recent payment crisis that rocked the Online Integrated Services (OIS) of the Nigerian Immigration Service (NIS) has continued to elicit reactions, a leading payment systems integration professional, Mr. Chuks Etebo has linked the development to wrong systems integration….

MDXI MD, Gbenga Adebiji
ICT

MainOne’s MDXI hits TCCF to become most certified Data Center in Nigeria

MainOne’s Data Centre subsidiary, MDXI has just received its Tier III Constructed Facility certification (TCCF) from the Uptime Institute. Industry analysts say with this new milestone, MDXI becomes the leading Data center in West Africa with the top 5 certifications…

Shippers’ won’t stop paying into CVFF but NIMASA must disburse the facility—Ogbeifun

Leading commentator on maritime issues, Chief Executive Officer of Starzs Investment Company Limited and President of Ship Owners Association Nigeria (SOAN), Engr. Greg Ogbeifun has made it clear that Nigerian shippers may not stop remittances to the Cabotage Vessel Financing…

Obiano restates July 1 Motorcycle ban, disowns fake Tricycle loan scheme

The Anambra State Government has released further directives affirming the July 1st 2018 ban on the use of Motorcycles within Onitsha, Awka and other selected areas. A repeated public service announcement on the enforcement order signed by the Secretary to…

Olu of Warri seeks stakeholders’ support for NPA in dredging Warri Port Channel

The Olu of Warri, HIS Royal Majesty, Ogiame Ikewoli 11 has called on all stakeholders in the Delta Port complex to give maximum support to the Management of Nigerian Ports Authority (NPA), under Hadiza Bala Usman so that the transformation…

FG reduces gas flare to 10%, steps up gas utilization, monetization—NNPC

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has disclosed that the federal government is targeting 10 per cent of the world’s market share in traded Liquefied Natural Gas (LNG) as it intensifies gas capturing,…

Meters without NEMSA certification seals are fake—Agency maintains

At a time millions of Nigerian electricity consumers are in search of prepaid meters up the approval of about 85 Meter Asset Providers (MAPs) to serve as agents, the Nigeria Electricity Management Service Agency (NEMSA) has urged power users not…