Business Hilights

Tracking Nigeria's Headline Business News Online

Business Hilights

(Special Report) Is Sanwo-Olu sidelining Ambode’s Oshodi Bus Terminal to decay?

Recent visit to the $70m Oshodi Bus Terminal, located between the Lagos-Apapa Expressway and the Agege Motor Road, which started operation in May 2019, can only reveal decay, maintenance negligence and an infrastructure programmed to fail over time. These observations…

ICT

NCC Implementing Requisite Reforms to Strengthen Telecoms Sector

The Nigerian Communications Commission (NCC) has said it remains committed to its regulatory role of continually implementing requisite reforms to strengthen the communications sector in Nigeria. The Executive Commissioner, Stakeholder Management at the NCC, Adeleke Adewolu, stated this while addressing…

Just in: Edo Deputy Gov. withdraws suit against Obaseki hails peace deal

Peace seems underway in Edo State as the embattled Deputy Governor, Comrade Philip Shaibu has officially written to the Federal High Court, Abuja, withdrawing the suit (SUIT NO. FHC/ABJ/CS/1027/2023) between him and Inspector General of Police, State Security Service, The…

Oyetola moves for total rehabilitation of Apapa, Tin-Can Ports

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has given a clear indication for the immediate rehabilitation of the Apapa and Tin-Can ports in Lagos State, Nigeria. The Minister made the assertion at the Nigeria Ports Authority (NPA) Headquarters…

ICT

NCC: 54 countries due in Abuja for Africa Internet Governance Forum 2023

Finishing touches are being giving to preparations by the Nigerian Communications Commission (NCC) on behalf of the Federal Government, to play host to 54 African nations and other continental Internet governance stakeholder blocs at the 2023 Africa Internet Governance Forum…

Dangote Sugar, Dangote Rice, NASCON merge to become DANGSUGAR

On July 31, 2023, following deliberations by their respective boards, Dangote Sugar Refinery Plc (DANGSUGAR), NASCON Allied Industries Plc (NASCON) and Dangote Rice Limited (DRL) announced the proposed merger of the entities to form one enlarged company, with DANGSUGAR becoming…

Just in: Minister tours NIMASA facilities in Lagos, lists 4 priority areas

The Minister of the Marine and Blue Economy, His Excellency Adegboyega Oyetola, has stated that tackling illegal, unreported and unregulated (IUU) fishing, harnessing marine tourism, safety and security are top of the agenda of his mission in the new Ministry…

Upon renewables, African Oil and Gas Exploration still attractive to Developed World

By NJ Ayuk   Despite the call heard ’round the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa as…

Fidelity Bank’s remains committed to growth, as PBT hits N76.3bn in H1

The Chief Executive Officer (CEO) of leading financial giant, Nneka Onyeali-Ikpe has averred that Fidelity Bank Plc., will continue to remain committed to helping individuals grow, inspiring businesses to thrive in the economy. She made the cheering assertion while reviewing…

On That Sudden NBS’s Acrobatic, Misleading Employment Rate

IN a bewildering display of statistical acrobatics, the National Bureau of Statistics has pushed out a ridiculously low unemployment rate. Claiming a new methodology that stretches the meaning of gainful labour, its Nigeria Labour Force Survey put the jobless rate…