Business Hilights

Tracking Nigeria's Headline Business News Online

Day: July 10, 2020

Just in: Photo shows no social distancing aboard Air Peace airline

Contrary to all the claims that Covid-19 prevention precautions were adhered to at both Lagos and Abuja airports on the first day of flights resumption in Nigeria, emerged photo aboard Air Peace aircraft has proved otherwise. By acclaimed covid-19 precaution…

NITDA BDPlan 22
ICT

NCC heads ministerial broadband implementation steering committee

The Nigerian Communications Commission (NCC) has been saddled with the responsibility of leading the team that will ensure effective monitoring and steering of the overall implementation of the National Broadband Plan (NBP) 2020-2025. This followed the designation of NCC’s Executive…

5G roll out
ICT

31 global facts on 5G everybody must know

5G is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines,…

Downstream oil sector deregulation designed to drive growth—Minister

The Minister of State for Petroleum Resources, Chief Timipre Sylva Thursday averred that the ongoing deregulation of the downstream oil sector was to ensure economic growth and development of the country. Giving further insights in Abuja, he said it was…

FG releases National Standardisation Strategy 2020–2022

The Federal Government has issued the first ever Nigerian National Standardisation Strategy (NNSS) 2020 – 2022. The Strategy was developed by the Standards Organisation of Nigeria (SON) to identify priority areas to focus on, based on national needs assessment. In…

Access Bank closes in on Zambian bank months after acquiring Kenyan bank

Cruising to becoming leading lender across Africa, Nigeria’s top tier-1 financial giant, Access Bank Plc has commenced an exclusive discussion towards full acquisition of Cavmont Bank Limited, a Zambia-based financial institution. Access Bank is seeking to consummate the acquisition through…

Maritime pundits seek probe into LADOL’s investment grants by CBN, BoI, etc

Worried by scanty presence of investments when compared with the volume of grants and funds already pumped in by several financial institutions including the Central Bank of Nigeria (CBN), Bank of Industry (BoI), and the Nigerian Content Development and Monitoring…

Chevron issues official statement decrying fake recruitment information

Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture, has officially distanced self and decried the circulation of false recruitment information posted by unscrupulous persons and organizafake recruitment informationtions in the name of CNL in several media and online…

Oil eases as Covid-19 fears offset gasoline recovery signs

U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 14 cents, or 0.3%, to $40.76 a barrel by 0229 GMT, after rising 0.7% on Wednesday. Brent crude LCOc1 futures slipped 7 cents, or 0.2%, to $43.22, after gaining 0.5% on…

Turn new leaf, support FG’s economic recovery, Compt. Kayode charges smugglers

Worried by incessant involvement in economic sabotage and particularly smuggling, the Customs Area Controller, Federal Operations Unit (FOU) Zone ‘C’ Owerri, Comptroller Olusemire Kayode has called on smugglers to turn a new leaf and support government policies in building the…