Business Hilights

Tracking Nigeria's Headline Business News Online

Business Hilights

How CEO Of Mobil Oil Nigeria Plc Rose From Pump Attendant To Big Boss

Tunji Oyebanji is the Chairman and Chief Executive Officer of Mobil Oil Nigeria.  Currently, Mobil Nigeria is one of the top six major petroleum products marketers in Nigeria and leader in the oil industry in efficiency and brand management.  …

VANSO Completes Merger With Interswitch, Set for New Growth Phase

Market leading mobile and security focused financial technology provider, Value Added Network Solutions (“Vanso”), has announced the acquisition of 100% of the equity in the company by Interswitch Limited (“Interswitch”), the leading pan-African digital payments and Commerce Company. Vanso is…

Address of Minister of Power, Works and Housing at the opening ceremony of Power-Nigeria Exhibition and Conference at Eko Hotels recently

Ladies and Gentlemen:   The number and array of exhibitors at this event clearly speaks volumes about the investment appetite for Nigeria’s power sector. More than anything that I could possibly say about the attractiveness of the Nigerian power sector;…

Can Stakeholders’ Stop NASS in passing CST Bill?

Certainly, the massive drop in oil revenue coupled with dearth of business enabling facilities have crippled government’s income base since the beginning of this administration. The development is now forcing government to scout for taxable entities in an economy that…

Akabogu gives insight to why importers prefer neighbouring ports

Leading maritime lawyer and analyst, Mr. Emeka Akabogu has explained why the Nigeria ports are being deserted by majority of Nigerian importers for ports of neighbouring Togo and Benin Republic. In an interview, he identified two principal factors working against…

Past governments ran economy without recourse to liabilities– Adeosun

More reasons on why the economy plunged into recession have emerged. Speaking in Abeokuta, the Ogun State capital during a meeting with States Finance Commissioners Wednesday, the Minister of Finance, Mrs. Kemi Adeosun revealed that one of the key safety…

More FG officials confuse Nigerians on way out of recession

Beginning from late last year, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele said government will soon sale non-performing national assets to raise fund to rejig the economy. Only recently, the National Economic Council (NEC) advised the federal…

OPEC to cut output by 750,000 barrels per day

The Organization of Petroleum Exporting Countries (OPEC) has agreed to cut production by 750,000 barrels a day. The surprise news triggered an immediate spike of more than 5 percent in crude prices, as markets had expected the Algiers meeting to…

Shipping can replace oil sales as nation’s revenue earner–Afolabi, Sifax Bo

Group Executive Vice Chairman Sifax Group, Dr. Taiwo Afolabi has called on the federal government to anchor the ongoing campaign on diversification of the economy on maritime sector considering the capacity of the industry to replace oil earnings in the…

Banking/Investments

CBN yet to reveal banks audit report

Considering high speculation on the would-be content of the ongoing stress test on commercial banks by the Central Bank of Nigeria (CBN), the apex bank has warned some segments of the press over misleading reports purporting to reveal decisions taken…