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Monthly Archives: October 2017

Expatriates working with us’ll leave in 3 years—- Ohuabunwa, GDT boss

GDT launch 22

Group Managing Director (GMD) of the digital technology firm and set-top boxes (STBs) manufacturing plant, Gospell Digital Technology (GDT), Sir Godfrey Ohuabunwa has disclosed that said that expatriates working in the company has only two to three years to transfer technology to Nigerian engineers and leave. In an interview on the readiness of the company to fast track the nation’s ...

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London refurbished phones spoiling markets for Note 8, others


Market research conducted by Business Hilights Intelligence Unit barely two months after several new high caliber android phones were launched into the Nigerian market has shown that over 80 per cent of Nigerians ready to buy new android powered phones go for London refurbished phones. Many respondents agreed that their driving forces in going for refurbished phones include their cheap ...

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Additional borrowing in Nigeria not sustainable—W’Bank tells Adeosun

World Bank Nigeria

Based on the observed drying trends of Nigerian government revenues and volatility in oil prices, the World Bank has disagreed with the Minister of Finance, Mrs. Kemi Adeosun, saying Nigeria’s debt was no longer sustainable. Giving the insights through its Senior Economist, Gloria Joseph-Raji, in Abuja, World Bank said the cost of borrowing or paying interest on Nigeria’s debt is ...

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Dubai Global Business Forum skips Buhari, invites 5 Heads of State

GBF Africa

The 4th Global Business Forum on Africa (GBFA), is set to host five African heads of state, 12 ministers, and more than 1,000 top-level government and corporate decision-makers and industry experts beginning from November 1st and 2nd, 2017, in Dubai. The forum, organised by the Dubai Chamber of Commerce and Industry, will be held under the theme “Next Generation Africa.” ...

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Until consumers’ regain purchasing power, recession remains an issue—Guinness

Guinness logo

Though Nigeria may have officially exited recession, the Managing Director and Chief Executive Officer of Guinness Nigeria Plc, Peter Ndegwa, has argued that “To consolidate on this, the country needs more quarters of positive GDP growth until consumers regain their purchasing power”. Barring his mind in an interview, the mater brewer argued that “At the moment, the costs of buying ...

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Vodafone remits $478m home, fails to pay tax in Ghana for 6 year


…Hearing comes up today in court     Leading telecoms service provider in Ghana, Vodafone, has not paid Company tax for the last six year it has been operating in the country, but has remitted GH¢2.1 billion ($478m) to its parent company within the period under review. This was part of the revelation of the Ghana Revenue Authority (GRA) in a 29 ...

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2-day summit on digital PR begins today in Lagos

lai Mohammed

The Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR), will today at the Nigerian Institute of Management, kick off the second edition of its digital media training programme. The organizers said in a statement that the Lagos Digital PR Summit is an experiential gathering of hundreds of Generation X and Millennial communicators, marketers and social media professionals ...

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Most false declarations in connivance with Customs officials—Survey

Customs training Sch

Undercover investigations carried out by Business Intelligence Unit (BIU) of Business Hilights Publications between September 15 and October 15, 2017 in both Lagos ports of Apapa and Tincan have revealed that there is no case of false declaration by an importer that has no hand with at least one or three Customs officials to sail through or be caught. In ...

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Disquiet at NIMASA over NLNG’s demands for $315m judgement debt

Nimasa boss, Dakuku Peterside

Palpable disquiet can best be described as the scenario at the management hierarchy of the Nigeria Maritime Administration and Safety Agency (NIMASA) since Monday when the Nigeria LNG Limited made it public that it had formally issued a demand notice for $315,598,823.29 judgment debt to the federal agency. Several attempts by our correspondent to reach any top official to comment ...

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No proof that masts, BTSs release harmful radiation—NCC

NCC in Katsina

The Nigerian Communication Commission (NCC), has once again reiterated its stand that there is no evidence to back the claims that masts or Base Transceiver Stations (BTSs) produce radiation that is  harmful to human health. Speaking at the recent 88th Edition of Consumer Outreach Programme held in Katsina, the Commission’s Director of Consumer Affairs, Abdullahi Maikano, said “With respect to ...

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