Business Hilights

Tracking Nigeria's Headline Business News Online

Business Hilights

Security agents’ extortion, brutality forcing NUPENG to go on strike

Worsening fuel scarcity may persist nationwide if security agents are not cautioned to stop their brutality and extortions on tanker drivers along the highways in the country. Otherwise, drivers’ Branch of National Union of Petroleum and Natural Gas Workers, (PTD–…

Manufacturing contribution to GDP to drop from 8.2% in 2023, Says LCCI

The leading manufacturers’ body, the Lagos Chamber of Commerce and Industry ( LCCI) has predicted that the contribution of manufacturing to gross domestic product (GDP) may fall from the 8.2 percent recorded in the third quarter of 2022, except government…

(Special Report) Herdsmen, Boat Capsizing Killing Rice Farmers in Nigeria

Two major killers of Nigerian Rice Farmers in large scale have been identified. They are Fulani Herdsmen and use of rickety large boats that usually cap-sizes mid-sea. These twin challenges are casting doubts on the seriousness of the federal government…

Akwa Ibom the best Tourism assets in Nigeria today—Uko

Nigerian highly decorated Travel Journalist, Mr. Ikechi Uko, has averred that “The biggest Hotel Facility in West Africa-The Ibom Icon Golf Resort. The first Smart Airport in Nigeria ,now the Four point by Sheraton Hotel at Ikot Ekpene and the…

Confusion as CBN stops withdrawal of new notes, ATMs reject new notes

Twin confusion is currently hitting the smooth transition from old to new Naira notes in the country, Business Hilights Intelligent Unit (BHIU) can authoritatively report. These are one; The observed short-supply of new notes by the Central Bank of Nigeria…

Banks, ATMs still dispense old notes as CBN targets 2025 to end cash transactions

Checks across commercial banks Tuesday, January 3, 2023 in Nigerian mega cities have revealed that withdrawals at banks are still on old notes even as ATMs continue to dispense same old notes. Chatting with some bank customers, they argued that…

Access Bank Lagos City Marathon 2023 to host over 60,000 runners – Yusuf Ali

The 2023 edition of the Access Bank Lagos City Marathon will see over 60,000 runners take to the Lagos roads to compete for honours in the Elite Label race, as the status of the Lagos City Marathon rises. The General…

Another look at Bello-Koko’s performance at NPA in 2022, beyond

Whereas in the last couple of months, the Managing Director of Nigerian Ports Authority (NPA), Mr. Mohamed Bello-Koko has been running a failed fictitious media battle to embarrass his glowing image, the master port administrative tactician has continued to maintain…

ICT

Konga Jara: 2 shoppers emerge for exclusive mentorship with Zinox boss

Nigeria’s leading composite e-commerce giant, Konga has formally unveiled the first batch of winners for the highly anticipated all-expense paid Knowledge Weekend programme with the Chairman, Zinox Group, Leo Stan Ekeh have emerged. They are Mrs. Molayo Jebutu and Mr….

Equities on NGX open on strong footing as work resumes for 2023

In the first trading day of the year, yesterday, January 3, 2023, the Nigerian equities opened on a bright note as the benchmark index gained 0.67% to close at 51,595.66 points – the highest point since 22 July 2022. The positive performance…