Business Hilights

Tracking Nigeria's Headline Business News Online

Day: April 13, 2020

OPEC+ slashes production, saves Oil Industry from collapse

In a watershed moment for the oil and gas industry, OPEC and its allies in the OPEC+ group finalized a deal on Easter Sunday that, in conjunction with efforts from the G20 and International Energy Agency, could see up to…

NNPC Will No Longer Run Refineries – Kyari

The Nigerian National Petroleum Corporation (NNPC) will no longer be involved in the management of the nation’s refineries after their rehabilitation. This was disclosed Wednesday by the Group Managing Director of NNPC, Mallam Mele Kyari. He disclosed that upon completion…


DEMS Volunteers’ cautions pastor, purveyors of fake news on 5G in Nigeria

Digital Economy Media Support Volunteers’ (DEMS Volunteers’), a non-governmental Advocacy group of media and telecoms practitioners creating awareness on digital economy, has described it as strange, the resent social media onslaught on the telecommunications infrastructure deployment in parts of Lagos….

How oil price war ended with historic OPEC+ deal to cut output

The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war between Saudi Arabia and Russia. This is coming after a week-long marathon of…

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NCC targets socioeconomic transformation with ICT Parks schemes

Nigeria’s independent telecoms regulatory authority, the Nigerian Communications Commission (NCC), has embarked on the building of six Information and Communication Technology (ICT) Parks to promote socio-economic transformation of Nigeria. The ICT Parks are to provide Innovation Labs and Digital Fabrication…