Business Hilights

Tracking Nigeria's Headline Business News Online

Day: March 6, 2020

Just in: Postpone any imminent trip to COVID-19 hard-hit countries now—Minister

Nigeria’s Minister of Health, Dr Osagie Ehanire this morning in Abuja, warned Nigerians with imminent plans to travel out of the country to coronavirus (COVID-19) hit nations to shelve the trip to limit further complications. Though he failed to list…

Electronic payments to soar as banks’ enforce N150,000 cheque cash limit

Strong indications have suggested that the speed with which the Nigerian economy is adapting to cashless economy will soar going forward as all commercial banks have started the enforcement of dishonouring cheques with face values exceeding N150,000. Checks at some…

Buhari cabinet
ICT

3 Ministries, visiting ILO-ITU team seal synergy on digital economy

Barring official inconsistency and individualistic tendencies inherent amongst MDAs, a new synergy is emerging between three Nigerian ministries to begin harmonization of duties and responsibilities to drive digital economy and limit cases of wastages from roles duplications. This is coming…

ICT

Telephony penetration rise as unserved, underserved people drop to 31.16m—USPF

The Universal Service Provision Fund (USPF), now under the direct supervision of the Ministry of Communications and Digital Economy with a substantive Executive Secretary,  has reported a slim rise in the number of Nigerians residing in unserved and underserved areas….

Has Amaechi lost grip at power corridor as Peterside exits NIMASA?

No doubt, the ferocious approach with which former Rivers State governor and current Minister of Transportation, Chief Rotimi Amaechi swooped the entire South East and South-South in 2015 presidential election campaign against his former party, the Peoples Democratic Party (PDP),…

NCDMB, Shell seal fresh deal on Gas Facility at Polaku, targets 30,000 jobs

As part of its capacity expansion drive, the Nigerian Content Development and Monitoring Board (NCDMB) has signed an agreement with Shell Nigeria Gas (SNG) for the lease of one hectare of NCDMB’s land at Polaku, Bayelsa State, for the development…

COVID-19: WHO, OGSG hailed every step we have taken so far— Lafarge CEO

The Chief Executive Officer of Lafarge Africa in Nigeria, Mr Khaled El Dokani, has disclosed that both Ogun State and the World Health Organisation (WHO) have appreciated the entire corporate responses since the detection of coronavirus into Nigeria from an…

Nipco lists four anti investment forces in CNG sub-sector

Managing Director of leading player in Compressed Natural Gas (CNG) subsector, Nipco Gas Limited, Mr. Sanjay Teotia has identified lack of access to land, paucity of infrastructure, inappropriate pricing, and non-existence of a regulating agency as the key drawbacks against…

Bad foreign engine oil products forced NNPC to launch lubricants—Okoye

The Managing Director, NNPC Retail Limited, Mr Billy Okoye has given further insights as to why the company embarked on producing world class lubricants for vehicles and engine use in Nigeria. Speaking in an interview shortly after the unveiling of…