Business Hilights

Tracking Nigeria's Headline Business News Online

Month: April 2017

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ICT

Glo’s Professor Johnbull soup dissects issues of multiple taxation

Current episode of the weekly TV Drama Series, Professor Johnbull, sponsored by Globacom, is challenging the propriety or otherwise of the age-old problem of multiple taxation in the business environment. The fresh episode, aptly entitled “Tax and Revenue”, according to…

FG deepens boost for tomato production with new production policy

Barely one month after the Dangote Tomato factory resumed operations in Kano, the Federal Government on Tuesday announced a new policy for tomatoes to drive massive investments in the sub sector. The new policy is designed to grow the production…

Dangote explains deepening investments in agricultural sector

Leading industrialist and President of Dangote Group, Aliko Dangote said the new initiatives of Dangote Group in the agricultural sector would have a major impact on the economy within a very short time. Responding to media chat shortly after celebrating…

Industry

Customs set to issue licenses to new Bonded Vehicles Terminals

In keeping with its new drive to grow ease of doing business and seamless revenue build up, the Nigeria Customs Service (NCS) has given signals of increasing the number of Bonded Vehicles Terminals to ease congestions at ports. Service spokesman,…

CBN’s new special forex window for SMEs’ll drive cut forex settlement period

Analysts have hailed the tactics used by the Central Bank of Nigeria (CBN) to open a special foreign exchange window for the Small and Medium Enterprises (SMEs), saying it would help in growing the sector faster. Before now, many SMEs…

Malabu Oil & Gas seeks legal redress over $13.5bn deepwater project

Just as at the Federal Government is calling for the arrest of former top government officials who were enmeshed in the dirty deals involving Malabu Oil and Gas Limited, on Tuesday, the embattled company sued the apex government at a…

FG tightens conditions for oil import licence, says debtor oil marketers barred henceforth

As part of new efforts to drive in sanity into the petroleum products import and marketing, the Federal Government has come up with new policy, saying it would no longer issue petroleum product import licences to oil marketers who failed…

Nigerians disagree over plans by power firm to export electricity

A communiqué issued at the end of the 14th monthly meeting of the Minister of Power, Works and Housing, Mr. Babatunde Fashola, with operators of the power sector, at the National Control Centre, Osogbo has hinted plans by a private…

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ICT

How Payporte, others milked N780m from Nigerians in recession, gave 3 only N35.5m

Whereas the excitements generated by the just ended BBNaija Reality Show is still in the air, Business Hilights Economic Research Team (BHERT) has revealed that a total of N780 million was raked in from sms votes alone from the beginning…