Business Hilights

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Business Hilights

NIMC DG explaining issue during a press conference in Lagos
ICT

NIMC driving NIN awareness to fast track national identity database, harmonisation

The Director-General of the National Identity Management Commission (NIMC), Engineer Aliyu Aziz, has warned that any Nigerian without the National Identification Number (NIN) issued by the commission runs the risk of being regarded as a non-Nigerian citizen. Addressing a world…

NBC Radio Frequency
ICT

Shut down of FM Radio stations looms as many may not meet licence renewal terms

Unless defaulting FM Radio stations effect necessary reconfigurations on their transmitter powers and other technical infractions, the regulator, National Broadcasting Commission (NBC) is set to deny their licence renewal which had been well long overdue. This was made public by…

NCC at ITU
ICT

Fast return on investment to drive NCC’s trajectory at ITU 2017 in Korea

Indications have emerged on the pivot on which the Nigerian Communications Commission’s (NCC) participation will stand as it gives finishing touches to Nigeria’s build up to the International Telecommunications Union (ITU) Telecom World 2017. The yearly global event hosted by…

NCC Dan
ICT

Why Porting speed is fading away, drops to 32,873 in June

Whereas the Nigerian Communications Commission (NCC), weekend revealed that the initial speed with which subscribers embraced Mobile Number Portability (MNP) amongst telecommunications operators has reduced, hitting all time low of 32,873  in June to 39,535 in May, showing a decrease…

Manufacturers’ expenditure on self-generated energy jumps to 220% in 2016

A new report released after studies by the Manufacturers Association of Nigeria (MAN), on expenditures bordering on self-generated energy in the course of production throughout 2016 was N129.95bn, a more than 220 per cent rise when compared with 2015 figures…

Anxiety rising over plans by India, current highest buyer of Nigerian oil to quit

…Fear hangs over 2017 budget regime if… Indications have emerged that leading buyer of Nigeria’s crude oil; India’s Hindustan Petroleum Corporation is about concluding plans to adopt United States’ low-sulphur oil over Nigeria’s sweet crude. The HPCL’s Finance Chief, J….

Confusion as Lagos, oil states lead in foreign debts

Anxiety is brewing as some naturally rich states including Lagos and key oil producing states are named in the rank of states with domestic and foreign debt stock. Details gathered from the Debt Management Office (DMO), indicates that Lagos and…

African nations seek investments in modular power systems

A new report released by Bloomberg New Energy Finance (BNEF) has shown that “The market for micro-grids and hybrid generation in emerging economies is getting bigger, with particularly strong demand from islands, remote regions, and the mining sector”. The report…

Why NNPC sealed new alternative financing agreements with Chevron, Shell

A top official of Chevron Nigeria Limited (CNL), weekend revealed the reason behind the fresh financing agreement with Nigerian National Petroleum Corporation (NNPC) is to drive incremental revenues of about $16bn within the assets’ life cycle and would boost gas…

Commissioner lists factors driving private investors in Akwa Ibom State

The Akwa Ibom State Commissioner for Information and Strategy, Mr. Charles Udoh has addressed issued bordering on why the state is trailing Lagos in attracting foreign direct investors in the last 20 months. He said the high level transparency leadership…