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Monthly Archives: September 2017

Banks’ working collectively for early sale of 9Mobile—Okonkwo, Fidelity Bank CEO

9Mobile shop

As the 180 days window handed down to the receiver managers of 9Mobile continue to count, the managing director of Fidelity Bank Plc, Mr. Nnamdi Nwankwo, has said that all the banks whose money is trapped are working together for smooth sale of the telecoms on or before the end of the year. Explaining industry issues in a recent interactive ...

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Costly connectivity, power supply key problems of data business—MDXi

Opeke Mainone

The Product Manager at MDXi Data Centre, Vremudia Oghene-Ruemu, has listed the major challenges frustrating data centre business in Nigeria. In his presentation as a panelist at the just concluded Capacity Africa Conference which held in Kampala, Uganda, he explained that despite the limitations in Nigeria, MDXi has continuously innovated to surmount the power and connectivity challenges in the country. ...

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CWG Plc, ENSG seal 5-year deal to refrom Gaming Commission

CWG Plc, Agada

The government of Enugu State, South East Nigeria has signed fresh five year partnership agreement with leading ICT firm, CWG Plc to fast track transformation of the Enugu State Gaming Commission (ESGC). Business Hilights recalls that the ESGC, was inaugurated earlier this year. During the inauguration, the Chairman, Chief Harrison Ogara the Chairman, averred that “The commission is carrying out ...

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ABCON boss leaks key cause of persistent naira fall to dollar

ABCON Aminu-Gwadabe

Illicit dollar (cash) traffic to Dubai is the key factor that has been frustrating the efforts of the government in firming naira. This was the revelation of the President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, who added that the steady traffic by enemies of the economy which had been elusive to security ...

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Buhari, ministers lure investors with new policies at 72nd UNGA


President Muhammadu Buhari and three ministers on Tuesday addressed the world on new business and investment windows in Nigeria at the ongoing 72nd United Nations General Assembly (UNGA), New York. In his emotion-laden speech, Buhari touched several global challenging issues in need of collective attention of the world and called on international investors to see Nigeria as the destination. President ...

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Disquiet again at Tincan Ports over fresh seizure of 475 Pump Action guns

Customs Tincan Yusuf-Bashar

Though the Public relations officer of Tincan Customs Command, Mr. Uche Ejesieme, insisted in a telephone interview on Tuesday that it remains a rumour, other top officials of the command who pleaded anonymity confided in Business Hilights that on Monday, September 18, 2017, the Command swooped on yet another set of 475 Pump Action Rifles smartly concealed with connecting pipes ...

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Ecobank upgrades mobile app to boost Xpress Cash, others

Ecobank Boss

As part of back up to deepen its new product, Xpress Cash and others, the Ecobank Group has upgraded its mobile app. Ecobank said Xpress Cash service allows customers access to cash from Ecobank Automated Teller Machines using e-tokens generated from their mobile app. The bank in a statement, noted that “The Xpress Cash e-token gives the customer total control ...

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Help us monitor activities of our truck drivers’, Dangote begs Nigerians

Dangote group

The Management of Dangote Industries Limited (Dangote Group) has issued a passionate appeal to members of the public to assist in monitoring and reporting both recklessness and illegal haulage of contrabands goods by some of its truck drivers. The company has also set up hotlines for the public to report such truck drivers, with a promise to appropriately compensate calls ...

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Confusion as workers protest planned concession of Lagos, Abuja airports


Disruption rented the air around the Murtala Muhammed International Airport (MMIA) vicinity in the early hours of Tuesday as workers of the Federal Airports Authority of Nigeria disrupted activities at the Airport during their protest against the proposed concession of the airport and the Nnamdi Azikwe Airport, Abuja. The workers in their hundreds said they will do everything within their ...

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MAN, others stand on biannual basis, reject monthly electricity tariff review

Babatunde Fashola

Members of the Manufacturers Association of Nigeria (MAN) and other consumers of electricity in the country have rejected a sudden proposal by the Nigerian Electricity Regulatory Commission (NERC) to review power charges on a monthly basis. The manufacturers stood their ground that status quo must remain which is biannual review as provided by NERC regulations. Apart from MAN, the Nigerian ...

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