Business Hilights

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Business Hilights

NGX to host workshop on cross-border trading requirements

Nigerian Exchange Limited (NGX) is set to host capital market stakeholders to African Exchanges Linkage Project (AELP) webinar tagged “Exchange Linkage Project – facilitating Trades across borders. The Webinar, which will hold on Wednesday, 14 June 2023, is designed to…

FCCPC unveils regulatory framework for digital money lenders

On August 18, 2022, the Federal Competition & Consumer Protection Commission (Commission) as part of the Joint Regulatory and Enforcement Task Force (JRETF) introduced a Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022 (Guidelines 2022 or “Guidelines”), as…

ICT

NITDA Bags ‘Certificate of Excellence’ at APRA 2023

Pursuant to its concerted efforts to in tackling public misconceptions about the ‘Nigeria Code of Practice for Social Media and Online Platforms’, the National Information Technology Development Agency (NITDA) has honoured with Certificate of Excellence in the Public Relations/Government Relations…

Just in: Why Access Bank launched American Express cards in Nigeria

Expressing his unquantifiable happiness via a verified tweeter handle “Excited to be part of @myaccessbank’s groundbreaking launch of American Express cards in Nigeria, the CEO of Access Holding Plc., Mr. Herbert Wigwe averred that “It’s a glimpse into the future…

How Buhari Administration spent $19bn on moribund refineries, By Gov. Sule

In a recent media chat with Channels Television, the governor of Nassarawa state, Gov. Abdullahi Sule, made it clear that former President Muhammadu Buhari spent more than 19 billion dollars on sick refineries without results, yet Dangote’s refinery is several…

ICT

How Telecom Sector amassed N2.508tn to Nigeria’s GDP

Available credible statistics has shown that the telecommunications and Information Services sector in Nigeria, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per…

Key Benefits Of 2023 Electricity Act Signed By President Tinubu

This week, President Bola Tinubu assented to the new Electricity Act, which replaces the 2005 Electricity and Power Sector Reform Act, thus empowering states and private companies to uild power plants and sell at will. Recall that the Electricity Act…

Acting MD of Nigeria Air, Olumide opens up on the launch ‘scam’

In view of the need to put facts straight on the Nigeria Air fraudulent launch during the very last working day of former President Muhammadu Buhari administration under the former Minister of Aviation, Senator Hadi Sirika, it is important to…

Operational Efficiency key to NPA’s success—Bello-Koko

The Managing Director/Chief Executive Officer, Nigerian Ports Authority (NPA), Mohammed Bello Koko, Thursday commissioned Control Towers of the Lagos Port Complex and Tincan Island Port. Business Hilights reports that Control towers in port operations serve a multiplicity of functions such…

Innoson invents CNG-based buses to override subsidy removal on PMS

As part of efforts to cushion the impacts of the rise in the price of gasoline, Innoson Vehicle Manufacturing (IVM) has unveiled mass-produced versions of Compressed Natural Gas (CNG) buses. The CNG vehicles were displayed at the company’s Nnewi, Anambra…