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Author Archives: Business Hilights

How funding frustrations neutralised NITDA’s 2016/2017 Scholarship scheme

NITDA pantami

The originally targeted speed in building up technology capacity in the younger generations of Nigerians vide NITDEF Scholarship, organized by the National Information Technology Development Agency (NITDA) has been punctured this year as the program hanging on account of paucity of fund from budgetary allocation. However, the director general of the Agency Dr. Isa Pantami has given some explanations over ...

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IXPN wires Ghana’s internet exchange point to grow sub-regional independence

Opeke Mainone

Indications have emerged showing that Africans are beginning to adopt the position of the chief executive of the leading cable group, MainOne, Ms. Funke Opeke, who recently challenged the continent to work towards domesticating its internet exchange points and end Europe routing spree. An Internet exchange point (IXP) is a physical infrastructure that allows several Internet Service Providers (ISPs) and ...

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Banks’, payment companies suffered most cyber attacks in 2nd quarter—Report

Cyber attacker

Fresh report released by leading financial intelligence group, ThreatMetrix, has inferred that commercial banks and emerging payments management companies were most hit by cyber criminals in the second quarter (Q2) of 2017. This was contained in the latest report presented by ThreatMetrix, a global cyber security company. According to the 2017 Q2 Cybercrime Report made available to Business Hilights Economic ...

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Why Fidelity Bank posted 66% profit jump in audited Half Year results

Fidelity wins award

Managing director and chief executive officer of Fidelity Bank Plc., Mr. Nnamdi Okonkwo has linked the impressive performance of the tier 2 lender which jumped to double digits growth in earnings and profits to operational resilience, management discipline and tailored execution of the Banks medium term strategy. Business Hilights recalls that Fidelity bank’s had since mid last year keyed into ...

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FG owes Akwa Ibom over N140bn on completed road projects

Udom E

The Akwa Ibom State Commissioner of Works, Mr. Ephraim Inyang has decried federal government’s silence over the N140billion debt it owed the state for various federal roads projects it executed in the state. According to him, all efforts made so far in this present administration to recover the fund have remained futile as the debt is impacting negatively on the ...

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Expect real impact of recession exit in 2019—-PwC


Lead audit firm, the PricewaterhouseCoopers (PwC) Nigeria has given fresh insight that full economic recovery from recession in the country can begin to reflect in 2019, if sustained real sector investment is driven. Analysts at the multinational consulting firm, said empirical evidence suggests that it takes one year for real Gross Domestic Product (GDP) to recover to the pre-recession level. ...

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Amaechi may end up not driving national air or sea carrier before leaving office—Experts


Contrary to earlier hopes and believes, both stakeholders’ in air and sea transportation are beginning to nurse fears of gross failure in the establishment of either a national shipping line or airline before the end of this administration. This, according to Business Hilights investigations, stemmed from the palpable silence that has come to trial the hitherto regular mention and pronouncements ...

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Upon recent amendments, terminal operators still abuse CEMA Act—Amiwero

Amiwero Lucky

Indications have emerged showing that sharp practices surrounding waivers are currently compelling importers to abandon goods in ports, a scenario capable of hobbling business activities in the ports. The act is sequel to undermining of Customs and Excise Management Act (CEMA Act as amended) by terminal operators who are driving the abandonment of cargoes at the ports by over burdening ...

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Continental cement merchant, Dangote eyeing South Africa’s cement company

Aliko Dangote

Leading industrialist and emerging continental cement conglomerate investor, Aliko Dangote, has been linked to a fresh move to buy into PPC Group Limited, by way of counteroffers to bid for South Africa’s largest cement company. A credible source in the know of the emerging deal revealed weekend, that Dangote Cement Plc sees a bid for the Johannesburg-based company as a ...

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NACCIMA joins league of recession exit doubters, says economic shock looms

NACCIMA Briefing

Even though many experts and private sector groups are still finding it hard to believe released statistics that the economy attempted a snail growth of 0.55 in the second quarter, some that had little faith, are upbeat that continued dependence on imports will make it susceptible to external shocks. This formed the key position of the nation’s leading industry group, ...

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