Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2023

Global Gateway: EIB, EC seal deal to invest in ACP countries

The European Investment Bank (EIB) and the European Commission signed agreements for a total volume of €4 billion; consisting of Guarantee Agreement that will mobilize up to €3.5 billion in lending and €500 million Trust Fund contribution, to support businesses…

NLNG gas off-takers building facilities in Apapa, Lekki to saturate market

Nigerian gas retail market is set to witness boom considering the number of upcoming receiving facilities in Apapa and Lekki waterfront corridors. Already, the Nigerian Liquefied Natural Gas (NLNG) Limited is growing plan of supplying LNG to the Nigerian market…

ICT

Teledensity jumps to 118.5% as MTN maintains subscription lead

Newest industry data from the industry regulator, the Nigerian Communications Commission (NCC), has put the nation’s teledensity at 118.51 percent. Recall that teledensity is the number of active telephones per 100 people living within an area. Also the new statistics…

Obasanjo’s Open Letter to Buhari on INEC irregularities’

2023 NIGERIA PRESIDENTIAL ELECTION – AN APPEAL FOR CAUTION AND RECTIFICATION Nigerian Brothers and Sisters, greetings to you all. I am constrained to speak at this point. I crave the indulgence of the President of the Federal Republic of Nigeria,…

EFCC wins case against firm that defrauded NPA N25bn

An Ikeja Special Offences Court has imposed a N100 million fine on the Transport and Port Management System Ltd. (TPMS) for stealing 29 million Euros (about N24. 7 billion), from the Nigerian Ports Authority (NPA). The Economic and Financial Crimes…

FIFA Congress to discuss remedies for World Cup human rights abuses

Reacting to the growing pressure on FIFA from its own members, led by the Norwegian Football Association, for it to remedy human rights abuses connected to the 2022 football World Cup, Amnesty International’s Head of Economic and Social Justice Steve…

ICT

Tales on Social media and the 2023 elections

By Sonny Aragba-Akpore Apart from various polls by real and or ponzi pollsters that dotted the social media of happenings around the country,the 2023 general elections may go down as one of the most popular events where technology played strange…

INEC declares Tinubu winner of 2023 presidential election

The Nigerian electoral commission, the Independent national Electoral Commission (INEC), has declared Bola Tinubu, the candidate of Nigeria’s ruling party, APC, as the winner of Saturday’s presidential election. Mr Tinubu defeated 17 other candidates who took part in the election….