Business Hilights

Tracking Nigeria's Headline Business News Online

Month: January 2019

NITDA new rules on IT
ICT

Software developers, OEMs doubt NITDA’s claims, say support for local IT discouraging

A number of Software developers in Nigeria has disagreed with the latest position of the National Information Technology Development Agency (NITDA), which claimed that the patronage of local Information Technology equipment have continued to grow by about 100% in the…

smartphones
ICT

How refurbished phones crashed smartphone production in Q1

Latest statistics on global smartphone production volume by TrendForce Group has shown that manufacturing slowed for the first quarter of 2019 (1Q19) to 307 million units, showing a 10% year-on-year (YOY) drop. According to the group, there has been a…

CBN tightens loopholes in end-to-end electronic payment with new sanctions

Considering rising complaints from Nigerians over incessant electronic payment infractions by both banks and other financial bodies, the Central Bank of Nigeria (CBN) has issued a regulation on the end-to-end electronic payment of salaries, pensions and other remittances, suppliers and…

Ghana seals deal to deliver first African LPG powered 400MW plant

Strong boost is coming the way of Ghana electricity sector following new deal sealed with a consortium of investors led by Early Power Ltd., to deliver a 400MW power plant known as Bridge Power for Ghana. The plant valued at…

Aviation world has left Nigeria behind due to ineffectual polices—NANTA boss

President of the National Association of Nigerian Travel Agencies (NANTA), the downstream sector of the aviation sector, Mr. Bernard Bankole has decried the season of toothless policies and regulations that have been keeping the nation’s Aviation industry in retrogressive motion…

Experts see EFCC’s role in tracking crude oil vessels as NIMASA’s job

Contrary to the policy of the Federal Government through the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu in tracking vessels conveying Nigerian crude oil to the international market with the anti-graft agency, the Economic and Financial Crimes Commission…

Terminal JPS Simon-Travers
ICT

JPS Terminal investing $62m in infrastructure upgrade to deepen services— Travers

The Managing Director of Josepdam Port Service (JPS) Nigeria Limited, Mr. Simon Travers, has opened up on the 2019 development plan of the Terminal. In an interview, he said “We are upgrading the facility to world class, importing all their…

CCECC was warned about Barracks bad spot where tanker exploded—Police

More details have emerged on the truck load of 33,000 litres of petroleum product that felled Wednesday morning at Barracks Bus Stop, along the Mile 2/Badagry Expressway, Ojo, Lagos, spilling its content on the ground and triggering wildfire. Checks by…

Atiku, at Lagos Island Club, explains how to get Nigeria working again

…As OBJ gives reasons why Atiku remains the best for Nigeria now Former Vice President and presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, in Lagos on Wednesday, reaffirmed his readiness to bring back Nigeria to the…

glo logo
ICT

Why Globacom sealed deal with Nokia Alcatel-Lucent, Vocalcom in France

More facts have emerged on why Nigeria’s leading and foremost telecommunications company, Globacom, consummated a deal with Nokia Alcatel-Lucent, a global telecom equipment manufacturing company, and Vocalcom Technology, another French company. Details made available to Business Hilights show that while…