Business Hilights

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Business Hilights

FG steps up diversification, plans 327,000-tonne iron, steel plant in Ogun State

Though the minister was very economical with words on the current status of the crisis and reconciliation efforts of the federal government on the moribund Ajaokuta and Delta Steel mills, Dr. Okechukwu Enelamah, the Minister of Industry, Trade and Investment…

Continued drop in inflation rate sign of economic recovery from recession

Economic pundits have started seeing the month-on-month drop in Nigeria’s inflation rate which receded to 16.1 per cent as early signs of recovery from recession. Experts who spoke to Business Hilights on Monday shortly after the release of the nation’s…

LAWMA marks 10th anniversary of tree planting campaign to green Lagos

Lagos Waste Management Authority (LAWMA) joined her counterparts across the state to mark the 10th anniversary of the Tree Planting Campaign. In the last 10 year, the State Government had set aside, a day to create awareness on the need…

NPA begins probe into Calabar tank farm explosion, condoles victims

The management and board of the Nigerian Ports Authority (NPA) has commiserated with the Cross River State Government and families of people who lost their lives in the fire incident which occurred at the Linc Oil and Gas tank farm…

East African aviation body set to classify regional flights domestic to drive revenue

A report by the East African, a leading aviation group has said that by the end of 2017, flights between countries in the region will be classified as domestic, thus lowering the price of air tickets and increase the number…

Partial closure of Wharf road derails EO on ease of doing business at ports

The recent flag of Executive Order (EO) on ease of doing business at the ports by the Nigerian Ports Authority (NPA) is under threats since the beginning of this month following the partial closure of Wharf road for reconstruction, Business…

Drone technology, Nigeria’s aviation’s new found business opportunity—Minister

The Minister of State for Aviation, Senator Hadi Sirika has disclosed that advancing aviation technology in Nigeria in line with the economic opportunities of Remotely Piloted Aircraft System (RPAS) popularly known as Drones is now a target of the ministry….

Governor Rochas Okorocha explains why he made 305 youths millionaires in Imo

Imo State Governor, Owelle Rochas Okorocha has explained why he chose to empower one youth each from the 305 wards in the state with One Million Naira (N1m) each stating that he did that to encourage the youths to succeed…

Shittu 66
ICT

How Shittu failed to accomplish repositioning NIPOST for digital banking services

Two months after several assurances that arrangements have been concluded by the Ministry of Communications to effectively return moribund Nigerian Postal Agency (NIPOST) to relevance and profitability by introducing delivery of digital banking services across its outlets in Nigeria, the…

Customs checkpoint
ICT

First victim of internet fraud emerges on Customs e-auction portal, payment system

An indication has emerged that contrary to the claims by the Comptroller general of Nigerian Customs Service (NCS), Hameed Ali that the ongoing e-auction of seizures cannot be tampered by fraudsters; the first victim has emerged from the Idi -Iroko…