Business Hilights

Tracking Nigeria's Headline Business News Online

Business Hilights

Smuggling will kill rice farming, N200bn investment—RiPAN cries out

Signals are rife that smugglers of foreign rice are currently fine-tuning strategies to smuggle in well over one million tons of foreign into the country using land borders and dangerous creeks along the Lagos and Ogun water bodies. It would…

NIPOST rural banking takes off next year

Authorities of the Nigerian Postal Services (NIPOST) are now currently conferring with select banks on how the numerous postal agencies and mega post offices lying wastes across the local governments can serve as intermediaries. If the deal sails through, Nigerians…

Lack of FG’s guarantee denying investors’ access to N5.96tn pension funds

Indications have emerged that why Contributory Pension Scheme, has been hard to be accessed by many investors are largely due to inability to get the needed guarantee from the federal government. Otherwise, government had been very careful in letting investors…

Help NPA grow activities at Delta ports, Usman begs Okowa

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has called on the government and people of Delta State to support the improvement of the ports in the state. Ms. Usman sought the relief while on facility…

Confusion as Airpeace denies any landing challenge at SMICA

Contrary to trending new across the Nigerian media that one of the AirPeace flights from Lagos to Sam Mbakwe International Cargo Airport (SMICA), Owerri narrowly averted land-crashing due to intelligent maneuvering by the Pilot after suddenly observing the presence of…

2012 flooding rubbished multi billion naira River Niger dredging…NIWA

The National Inland Waterways Authority (NIWA) has revealed that the 2012 flooding that ravaged a number of low-lying states along the River Niger and Benue stretch adversely degraded the dredging scheme carried out by the agency a year before the…

$30bn foreign loan will mortgage Nigeria’s future, Group warns FG

A division of the Christian Association of Nigeria (CAN), the Christian Council of Nigeria, has advised the federal government to withdraw interest in borrowing $30 billion, saying the process of repaying the debt will end up mortgaging the future of…

NLC decries FG’s silence on N56,000 new minimum wage proposal

The President of the Nigerian labour Congress (NLC), Mr. Wabba Ayuba, has urged the government to not only take action on the N56,000 minimum wage proposal given to it few months ago, but use the recovered funds as a substitute…

Dana Air hits 4m passengers nark in eight years, despite breaks

Resilient indigenous airline, Dana Air has marked its 8th anniversary of its commercial flight operations with serious commitment to provide “safe, reliable and customer–centric air transport services to its teeming guests”. A release pushed out by the Media, Communications Manager,…

NNPC set for listing on Exchange after unbundling soon—FG

The endless plans of the Federal Government to restructure the nation’s oil giant, the Nigerian National Petroleum Corporation (NNPC) and list same at the Nigerian Stock Exchange (NSE) got a fresh breath weekend. This is coming on the heels of…