Business Hilights

Tracking Nigeria's Headline Business News Online

Day: April 25, 2019

Assuming Lagos procured all 820 Mass Transit Buses From Innoson Motors…

Part of the major projects executed by the outgoing Governor Akinwunmi Ambode administration in Lagos State, was the commissioning of 820 Mass transit Buses currently parked at the new Oshodi Transport Interchange. However, it was not clear if the procurement…

Is Lagos getting equivalent of its 70% contribution to Nigeria’s tax revenue?

The recent revelation coming from the summit of the Society of Women in Taxation (SWIT) that 70 per cent of the N5.2 trillion taxes collected in 2018 came from Lagos State alone, has continued to raise questions on a number…

Broadband Fibre-Optic-Cable
ICT

New GSMA report on Nigeria doubts NCC’s 31% broadband penetration, others

Fresh controversy has engulfed the entire statistical figures rolled out by the telecoms regulator, the Nigerian Communications Commission (NCC) earlier in January on Nigeria’s achievement of 30.9% broadband penetration following the latest GSMA report on Nigeria and entire West Africa….

MTN and Glo and others
ICT

Glo records 400,000 new subscribers to become highest gainers in February

Massive ongoing investments on its network nationwide have earned national telecommunication company, Globacom additional 400,000 new subscribers to emerge the number one network on the gainers’ table in the month of February, 2019. Latest statistics released by the regulator, Nigerian…

States’ facing high de-industrialisation, manufacturing dying, MAN cries out

President of the Manufacturers Association of Nigeria (MAN), Engineer Mansur Ahmed, has made a startling revelation that since the narrow exit from recession, “most states were experiencing high de-industrialisation with almost half of its thriving manufacturing establishments becoming obsolete.” Giving…

Upon Customs assurance on vacancy portal response, site still inaccessible

More than 24 hours after the management of Nigeria Customs Service (NCS) assured of fixing applicants complaints of ill-responding recruitment portal and non-capturing of some institutions, attended by applicants in the portal plus poor network system, the portal, vacancy.customs.gov.ng has…

Indigenous coy drags NCDMB, ExxonMobil to court over abuse of local content

Akwa Ibom based indigenous player in the nation’s oil and gas industry have started internalizing the provisions of the Local Content Act in the industry. Accordingly, leading indigenous oil servicing group in Akwa Ibom State, Pioneer Divers Int’l (PDI) Limited,…