Business Hilights

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Business Hilights

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Vodacom deepens CSR drive, gives Lagos schools facelift

Leading business technology support group, Vodacom Business Nigeria has stepped up its delivery of Corporate Social Responsibility (CSR) as it built and donated a fully-equipped library to the pupils of SS. Peter & Paul School, Ikate Elegushi. The school is…

Lagos poor supply traced to drop in energy allocation as EKDC announces outage soon

The General Manager, Communications of the Eko Electricity Distribution Company Plc, Mr. Godwin Idemudia has attributed recent frequent outages within the company’s network to the drop in energy allocation to it. He said that the company was receiving less than…

Power generation drop by 964MW traced to gas shortage

Latest figure on status of power delivery in the country has shown that it has dropped from 4,285 megawatts recorded on September 16 to 3,321 megawatts on December 1 due to dearth of gas. According the figure gathered from the…

How paucity of fund stalled N6bn power transmission projects

At a time the country is battling to resolve the puzzle of steady power supply, facts have emerged that power transmission projects worth about N6bn have remained stalled in the past few years due to lack of government funding. Power…

Prevailing ban on land borders’ll lead to full port utilization, growth – NPA boss

The leadership of the Nigerian Ports Authority (NPA) has brushed aside speculations that the recent ban on importation of cars and rice via the land borders will not change anything at the ports, saying the ban will spur massive imports…

Timing of S/East economic summit did not favour presidency, S/East Govs.—Finance expert

Contrary to speculations that President Muhammadu Buhari avoided the maiden South-East Economic and Security Summit in Enugu on grounds of fears for some pro-Biafra agitators, leading finance analyst, Dr. Clarus Maduka has voided the claims, saying the timing of the…

FG ceding minerals buying centres to states to limit confusion

The federal government has disclosed that it is ceding the10 newly constructed prototype Minerals Buying centres to state governments in a bid to reduce friction between the two tiers of government on mining activities. A statement from the ministry said…

ISPs burst NCC’s plot with major networks, crash data tariffs to hijack market

At a time the federal government through the Nigerian Communications Commission (NCC) seems to be ganging up with major GSM networks to jerk up price floor, Internet Service Providers (ISPs) have started slashing tariff for their offerings while. Business Hilights…

Data Center Rack Server Market to gross $90.56bn by 2021

A new report has projected geometric rise in market share by global data center rack server market, saying the sector will grow from USD 36.47 billion in 2016 to USD 90.56 billion by 2021, standing at a Compound Annual Growth…

LASG gives details of emerging innovative waste management system, calls for support

Lagos State Government has come up with new strategy to manage solid wastes generated in the state. Explaining the emerging waste management reform tagged “Cleaner Lagos Initiative”, the Commissioner of Environment, Dr. Samuel Adejare said it would make Lagos one…