Business Hilights

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Business Hilights

Missing of 759 British defence ministry’s laptops sends worrying signals

The recent announcement by the British Ministry of Defence that about 759 laptops were stolen has sent shocks to the marrows of other security agencies in other parts of the world, indicating a new format of cyber crimes. A total…

FG yet to decide as Halliburton settles class action suit for $54 million

Just as the Nigerian government continues to go back and front on the case involving a former minister and other politically-exposed-persons (PEPs) in the country, Petroleum service giant, Halliburton said it has reached a $54 million settlement in a class…

AEDC flags off free installation of 500,000 meters to electricity consumers

Following the recent warning by the Minister of Power, Works and Housing, Mr. Babtunde Fashola to Discos to begin the distribution of meters to consumers across the country to stop estimated billing system, the Abuja Electricity Distribution Company (AEDC) says…

Renaissance Hotel opens in Lagos with 155 elegant guest rooms

RENAISSANCE Hotels, the brand known around the world for helping business travelers discover unexpected experiences, has announced the opening of its first hotel in Sub-Saharan Africa – the Renaissance Lagos Ikeja Hotel. Located in Nigeria’s commercial center and city known…

Soaring forex frustrating aviation fuel imports — Stakeholders

Key stakeholders in the nation’s aviation sector have continued to decry the skyrocketing differences between dollar and naira, saying the development is derailing their efforts to stabilize the supply of the product. According to the Executive Secretary of Major Oil…

Adesanya celebrates Xmas with N10m won in Airtel RedHot Promo

A traffic officer in Ajeromi Ifelodun Local Government Area in Lagos, Oluwasegun Adesanya has won N10m and rewarded at the ongoing Airtel RedHot promo. Adesanya, Civil Servant, was the biggest winner of the week as he danced home with N10…

More trouble for Nigeria as FIFA seeks refund of unaccounted grants

Indications have emerged that the Nigerian Football Federation (NFF) may face ban from the world football governing body FIFA if it fails to heed to the recent warning calling for the refund of grants running into millions of dollars over…

Fluctuation in forex forced Lagos GDP from $131bn to $91bn in 2016—Ambode

Lagos State Governor, Mr. Akinwunmi Ambode has vowed to focus on the growth of Small and Medium Enterprises (SMEs) in 2017, saying sustainable economic growth of any strategic economy is based on the contributions of the sub sector. Explaining plans…