Business Hilights

Tracking Nigeria's Headline Business News Online

Month: November 2018

FG considering fresh options to save power sector means acceptance of failure

Nigerians have described recent pronouncement of the Federal Government through the Bureau of Public Enterprises (BPE) that it is considering a number of options, including cost-reflective tariffs and injecting new investors into the electricity distribution and generating companies as a…

TD Device financing
ICT

TD, MTN, Samsung, Sterling Bank team up to float Device financing scheme

Leading digital products distribution group, Technology Distributions (TD) Mobile Limited has brokered an innovative device access model in partnership with MTN Nigeria, Sterling Bank and Samsung Electronics to deepen seamless purchase of quality smartphones in a strategic financing system that…

EPPAN Workshop 2018
ICT

E-PPAN set for 9th Annual Payment Systems Conference in Lagos Tuesday

Logistics are now receiving finishing touches for the 2018 E-payment Providers Association of Nigeria (E-PPAN) annual conference holding next week Tuesday at The Civic Centre, Victoria Island, Lagos. In a statement, E-PPAN disclosed that this year’s conference will provide a…

Dangote refinery invests in gas gathering systems to unlock gas supplies

More gains are underway for Nigeria from the emerging Dangote’s 650,000bpd refinery as the company has invested in the East West Offshore Gas Gathering System (EWOGGS) project. Explaining the new line of associated investment, Dangote’s Group Executive Director, Devakumar Edwin,…

As trade war rages, oil prices rise for first time in three days

…FG denies rumours of fuel price hike Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the U.S.-China trade war kept pressure on the market. This…

Twist as FG rejects NGF’ N22,500 minimum wage, mute on Committee’s N30,000

Less than 24 hours after the leadership of the Nigerian Governors’ Forum (NGF) announced after an emergency meeting in Abuja that governors have agreed to pay N22,500 as new minimum wage, the Federal Government has dissociated itself from the figure,…

Breakthrough as new US patented vaccine blocks all types of cancer, tumor

Strong indications have emerged at the Dr. Rath Research Institute, Santa Clara, California, United States of America that the global challenge of cancer and tumor may soon be a thing of the past. The breakthrough stemmed from the news that…

Drop in speed of road, rail contracts by CCECC worries FG, States, Nigerians

Though it has managed to deliver the new terminal of Port Harcourt International Airport which was recently inaugurated, strong indications are on ground that several transportation related contracts being handled by Chinese firm, China Civil Engineering and Construction Corporation (CCECC)…

NPA, German Industry, Commerce delegation discuss way forward in shipping

The management of the Nigerian Ports Authority (NPA) on Wednesday played host to a high delegation led by top officials of German Industry and Commerce Authority at the Marina headquarters of the agency. Key discussions were on ways of deepening…

Okorocha’s troubles deepen as Court dismisses in-law’s petition

Barely few days the ruling All Progressive Congress (APC) leadership has described Imo State Governor, Owelle Rochas Okorocha as a bad loser in the just concluded governorship election primaries, the Chief Judge of an Abuja Federal High Court on Wednesday…