Business Hilights

Tracking Nigeria's Headline Business News Online

Month: August 2018

NCC Media Lagos
ICT

Nigerian economy can’t grow without strong, wider access to broadband—BDI boss

The Administrator of the Digital Bridge Institute (BDI), Dr Ike Adinde, has said there was no future for any economy in the world today without ICT. In his welcome address at the 2018 annual International Telecommunications Union (ITU) regional capacity…

Banking revolution: Are banks’ really coming up with innovations to match Fintechs?

By Bismark Elorm Addo Financial Technology, Fintech for short, is the application of technology and digitization in financial services delivery. Fintech is rapidly changing the face of banking across the world – reducing time taken to access financial services, making…

Again, FG claims no secret plan to sell NLNG

For the second time in this administration, the Federal Government on Tuesday denied that there were plans to sell the Nigerian Liquefied Natural Gas Limited (NLNG). The first plan to sell some national assets including NLNG which was hatched by…

Obi voids FG claims, says debt at N22.7tr, economy now on life support

Contrary to the assurances of the federal government through the embattled Minister of Finance, Mrs. Kemi Adeosun and the Director General of Debt Management Office (DMO) that the economy is not at risk over the surging debt profile of N22.7tr,…

Shell: Confusion trailing JIV Report may delay resumption of Trans Ramos flow line

Though both Shell Petroleum Development Company (SPDC) and the Joint Military Task Force’s (JTF), Operation Delta Safe, have blatantly denied coercing indigenes of Aghoro 1 community in Ekeremor Local Government Area, Bayelsa State to sign report on the latest oil…

Minister succumbs to Senators’ view, says work on Lagos-Ibadan railway too slow

Barely one month after the Minister of transportation, Rotimi Amaechi chided a set of federal lawmakers led by Lagos Senator, Chief Gbenga Ashafa for saying that the Lagos-Ibadan standard railway may not be ready by year end, he has come…

NPA hails formation of NIProcE, says body’ll deepen Procurement Act 2007 regime

Management of the Nigerian Ports Authority (NPA) has thrown its weight to the formation of the Nigeria Institution of Procurement Engineers (NIProcE) – Lagos Chapter, insisting that the establishment of the Institution would enhance the understanding and effective implementation of…

Bad ports access roads, swollen shoot disease threaten Cocoa export in W’Africa

Three key Cocoa producing nations in West Africa are now faced with two critical challenges. Whereas bad port access roads are threatening export of over 30,000 tons in Apapa, Lagos Nigeria, Ghana and Ivory Coast are working together to contain…

With Akpabio, APC has gotten their ‘soup’ completely sour in Akwa Ibom— Victor Attah

…Says Senator Akpabio’s defection can’t make any difference Former governor of Akwa Ibom State, Obong Victor Attah has taken a swipe on the recent ‘Uncommon defection’ of Senator Godswill Akpabio, saying his leaving the Peoples Democratic Party (PDP) for the…

Kebbi pockets N150bn from rice backward integration partnership, Lagos mute

Three days after the Kebbi State government has revealed that it smiled to bank after earning a whooping N150bn from the sale of its locally cultivated rice; the Lagos State government who sealed the successful partnership with the state is…