Business Hilights

Tracking Nigeria's Headline Business News Online

Business Hilights

Guinness Nigeria donates water facility to Benue Community

In furtherance of its continued commitment to interventions that transform lives and improves the health and well-being of communities in Nigeria under its Diageo Water of Life Scheme, Guinness Nigeria Plc has constructed a self-sustaining motorised solar-powered water facility in…

Seafarers’ raises alarm over fake merchant navy operatives

The Nigerian Merchant Navy Officers and Water Transport Senior Staff Association, NMNOWTSSA, has raised alarm over the activities of fake merchant navy operatives. They said their activities pose a threat to the already fragile security situation in the country. President…

Adesoye, new board chairman of NPA sets due process as key target

The new Chairman of Nigerian Ports Authority (NPA) Board of Directors, Emmanuel Olajide Adesoye, has vowed to pursue due process to the letter in all the dealings of the agency in line with the anti-corruption campaign of the federal government….

NIMASA denies report of ejection from Lagos office

The Nigerian Maritime Administration and Safety Agency (NIMASA) has refuted news making the rounds that it is indebted to the landlord of one of its offices located at the Atlantic House on Wharf Road Apapa. Deputy Director Corporate Communications, Hajia…

Fashola’s Wharf Landing Fee in trouble as FG goes to court, seeks refund

Worried by dropping volume of revenue at a time the economy is in recession, the Federal Government has gone to Court seeking not only the abolition of Wharf Landing Fee instituted by the Fashola administration in Lagos few years ago,…

TSA, forex fuelled sudden undercapitalization of 7 big banks—Report

Dubai-based research driven International  Investment bank, Arqaam Capital, has indicated that seven Nigerian banks are undercapitalised to the tune of N1tn ($3.2bn). This is as analysts have fingered the implementation of Treasury Single Account (TSA) as the major culprit for…

Price of Rice to fall next month — Ogbeh

Indications have emerged that going by the quantum of private sector and states governments’ investments in rice farming; next harvesting season of rice which is November will see huge harvest and possible saturation of the market. States where rice is…

ADVAN moves to strengthen growth of SMEs in Nigeria

Advertisers Association of Nigeria (ADVAN) is poised to scale up its goal of growing Small and Medium-Sized Enterprises (SMEs) in Nigeria with the introduction and expansion of some categories of this year’s ADVAN marketing excellence awards. President of the group,…

nass complex
ICT

NASS commends MTN on 4G LTE introduction

President of the Senate and former Governor of Kwara State, Dr. Bukola Saraki has commended MTN Nigeria for investing in the 4G Long Term Evolution. He said the recent launch of the technology will among other things  give impetus to…

CBN may revisit forex policy to stimulate real sector again—Emefiele

Indication emerged yesterday that the nation’s grounding economy sector may soon get some reprieve as the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, promised to review some aspects of the bank’s flexible exchange rate policy. He…