Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

Fight for Stamp Duty collection gets messier between two ministers

The official fight for the soul of the apparently irrelevant Nigerian Postal Service (NIPOST) over who controls collection of Stamp Duty for the Federal Government took a different dimension weekend as the Minister of Communications and Digital Economy, Dr Isa…

200 Ghana Cedis now N12, 000 as Eco currency rattles ECOWAS

During her last Ministers’ meeting of the ECOWAS economies in Abuja, it adopted Eco as the regional currency which all the Fancophone economies, who had hitherto ceded their currency nomenclature to their colonial master, France (CFA), also adopted. Business Hilights…

MTN, others studying US claims of paying protection money to al Qaeda, Taliban

South Africa’s telecoms giant, MTN Group and other global deep pocket multinationals in the United States of paying protection money to militant Islamist groups in Afghanistan including al Qaeda and the Taliban. The allegations included also of providing material support…

CCT consumes another as FG appoints new Acting Registrar-General for CAC

Following the order issued by the Code of Conduct Tribunal (CCT) on Dec. 24, on the immediate suspension of the Acting Registrar-General of the Corporate Affairs Commission (CAC), Ms Azuka Azinge for not declaring her assets, Federal Government Tuesday, appointed…

N37bn NASS renovation: Show Nigerians quantity surveying papers—Surveyor

Apart from discordant voices rising against the National Assembly humongous approval of N37bn in 2020 budget of the FCT for the renovation of the complex, professional bodies and experts have joined in the rejection. In a telephone interview on Monday,…

Just in: Dangote to enjoy N72.9bn tax rebate on delivery of Apapa-Oshodi highway

Clearer view on what Dangote Industries Limited will enjoy for cashing on the Federal Government’s new road infrastructure development initiative between the government and interested private sector participants. On the emerging delivery of the 35-kilometer Apapa-Oshodi-Oworonsoki-Ojota highway currently under construction…

(Special Report): Why Dangote Cement ambushed Lafarge’s Michel Puchercos

Whereas a report from the Nigerian Stock Exchange (NSE) last week revealed that all is set for ageless cement technocrat, the Group Managing Director/CEO of Dangote Cement Plc, Engr. Joseph Makoju will retire as GMD/CEO effective January 31, 2020, facts…

Nigerian economy ends year with more exports than imports for the first time

Available international trading statistics have revealed that unlike previous years, the Nigerian economy is ending 2019 business year on a positive trade balance. Otherwise, relative to the corresponding period of the previous year, Nigeria’s trade surplus position improved markedly by…

Slash in transaction fees: Banks shun yearly sms Christmas wishes to customers’

Many Nigerian banks’ account holders and customers’ have taken their anger to social media over commercial banks’ silence in sending out season’s greetings and best wishes via sms this year. Some of the bank customers’, who vented their anger using…

Chevron, NNPC seal EGTL Settlement Agreements to deepen domestic gas access

…Highlight socio-economic feats in Nigeria The management of the leading international oil and gas conglomerate, Chevron Nigeria Limited (CNL) has given insights on the expected advantages of newly sealed Escravos Gas-To-Liquid (EGTL) Project Settlement Agreements entered into by it and…