‘Telecoms outlook bleak as threatening indices remain active’
Looking at the latest data on the nation’s telecommunications industry in the last three quarters, occurrences are beginning to show danger signals if critical policy decisions are not taken very fast. Even though the sub-sector contracted by -1.92% in Q2…
Confusion trails new DSTV/GOtv Pay-Per-View model
Following sustained agitations by subscribers over the years on switch to pay-as-you-go billing system, MultiChoice, owners of DSTV/GOtv Pay TV services may have yielded but is working out a rather hard to understand model it called Pay-Per-View (PPV) Subscription Model…
Nigerian economy stabilizing as oil price zooms to $57 per barrel
Chances of recovering Nigerian economy from recession strengthened on Wednesday as oil prices rose to $57 per barrel in spite of a rise in US crude inventories. On Friday, the Organization of the Petroleum Exporting Countries (OPEC) and other producers…
NIMASA DG indicts self in London, says Africa not ship financing continent
As Nigerian maritime stakeholders continue to express worry on non implementation of Cabotage Vessel Financing Fund (CVFF), a statutory responsibility of the Nigerian Maritime Administration and Safety Agency (NIMASA), the Director General, Dr. Dakuku Peterside, who spoke at the London…
Dangote deal spurs FG to adopt tax reliefs in funding road projects
A new road project financing model is emerging in Nigeria following the recent seal of agreement between the federal government and Dangote group in the reconstruction of Apapa-Oworonshoki Expressway which allows the company to complete the job and enjoy 10…
Fitch confirms GTBank’s rating at B+ with stable outlook
…GTB-Ogun State Principals Cup finals holds today Leading financial sector’s rating group, Fitch Rating has affirmed the stability and buoyancy of GTBank at B+ with a strong outlook for the rest of the financial year. Besides, the grand finale of…
Excitements rise on Egina project’s capacity to boost oil production by 200,000bpd
News of readiness of the Egina FPSO in Samsung fabrication facility, South Korea has started eliciting reactions in the oil and gas industry. According to the Deputy Managing Director of Total Nigeria, a principal partner of the Egina Project, Mr….
Concessioning 4 viable airports disservice to aviation sector—BH Analysis
Barely 24 hours after the aviation workers’ union demonstrated against the planned concession of four viable airports out of 22 across the country, the Federal Government has said there was no going back on the process. The airports in contention…
NPA takes over Agura Hotels, appoints former image maker, Ajayi GM
The leadership of the Hadiza Bala Usman as the managing director of Nigerian Ports Authority (NPA), on Wednesday, recorded yet another feat at it finally takes over the ownership of Agura Hotels, Abuja. This is coming after judgment was given…
Nigeria offers both highest risks, returns on investment across Africa—Report
Latest report released by UK-based Control Risks, in partnership with NKC Economics, on the “Africa Risk-Reward” index has shown that Nigeria is leading in both being the highest risks and corresponding level of returns on investments when compared with two…
