Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2024

A Brief On Banana Island, Lagos Nigeria

Banana Island is an area of Ikoyi, Lagos Nigeria, 8.6 kilometers east of Tafawa Balewa Square, part of the Lagos Island Local Government Area of Eti-Osa in central Lagos. It is known for its wealthy, multi-cultural community and has some…

Customs Inaugurates Special Crack Team Against Petroleum Product Smugglers

The Comptroller-General of Customs (CGC) Adewale Adeniyi, on Thursday, 22 May 2024, in Abuja, inaugurates a workshop for a newly formed tactical team, Operation Whirlwind, aimed at combating the smuggling of Petroleum Products to the neighbouring countries. In his opening…

ED, Ndanusa is doing well but we need good road in complex—Mandilas President

The president of Mandilas United Traders Association (MUTA), owners of Mandilas International Trade Centre (MITC), Lagos International Trade Fair complex, Evang. CSP Emmanuel Chukwugozie Ezeani has described the Executive Director/CEO of Trade Fair Management Board, Barr. Vera Ndanusa as a…

Our emerging synergy with NAFDAC’ll end counterfeiting—BBA President

The President of the largest International Centre of Commerce (ICC) in Sub-Saharan Africa, the Balagoun Business Association (BBA), Lagos International Trade Fair complex, Hon. Oscar Paul Ikechukwu Odogwu has opened up on the strategic plans of his administration to end…

ICT

TECNO’s Shines At AMVCA 10th Edition

As the curtains rose on the grand spectacle of the 10th Africa Magic Viewers’ Choice Awards (AMVCA), TECNO again took centre stage, illuminating the night with a blend of technological innovation and unwavering support for the Nigerian movie industry. Amidst…

Matawalle Shows Solidarity with Security Agents on Abuja-Kaduna Highway

On his way to Kaduna, the Minister of State for Defence, Dr Muhammed Bello Matawalle, spotted people gathered in clusters alongside Armed Forces personnel. He promptly instructed his convoy to stop, allowing him to assess the situation. He disembarked and…

Upon Forex crisis, GDP grows by 2.98% y/y in Q1

Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy sustained its positive growth momentum in Q1-24, as the real GDP grew by 2.98% y/y (Q4-23: +3.46% y/y). The growth outturn is 10bps higher than Cordros’…

NAF@60: Minister Speaks on Value of International Synergy in Defence

The Minister of Defence, Muhammed Badaru Abubakar has emphasized the significance of international cooperation and partnership between the Nigerian Air Force and other air forces worldwide. Speaking as a Special Guest of Honour at the 60th Anniversary Celebration and Third…

NNPC Ltd , Schlumberger (SLB) Seal Deal to Boost Upstream Operations

The NNPC Energy Services Limited (EnServ) and Schlumberger (SLB), a renowned global technology company, have signed a technical partnership agreement towards bolstering upstream operations. The agreement was signed at the NNPC Ltd’s Corporate Headquarters in Abuja on Thursday, with senior…

Nigeria, Pakistan form synergy on Defence Equipment Production

The Minister of State for Defence, Dr. Bello Muhammed Matawalle has assured the Pakistan Government of Nigeria’s readiness to partner in the production of Defence equipment and hardware through the newly signed Nigerian Defence Industries Corporation of Nigeria  (DICON) Act….