CBN reveals two regulatory policies to shape payment system in 2020
The Central Bank of Nigeria (CBN), Monday opened up on two key regulatory initiatives that will shape the Nigerian digital payment space from next year. Speaking on a Channels TV Business Morning Programme, the Director, Payment Systems at the apex…
2020 is your year of consumer protection, CBN tells account owners’
Just as the Nigerian Communications Commission (NCC) in 2018 declared that the year is the year of telecoms consumer protection, the Central Bank of Nigeria (CBN) Monday assured millions of Nigerian bank account owners that 2020 will their year in…
Just in: ECOWAS endorses Adesina for second term at AfDB
The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank (AfDB) President , Dr Akinwumi Adesina for a second term at the helm of the institution. The decision was announced at the end of…
CBN gives cashless policy human face, brushes down charges on financial services
Following endless complains against rising bank transaction charges on Nigerians at a time the Federal Government is pursuing financial inclusion and digital economy principles, the Central Bank of Nigeria (CBN) on December 20, 2019 released two (2) regulatory guidelines to…
Released Q3 Manufacturers’ CEOs Confidence Index show stifling productivity
Contrary to claims of the Central Bank of Nigeria (CBN), latest released Nigerian Manufacturers’ CEOs Confidence Index for the third quarter of 2019, has indicated lending rates by commercial banks have remained at double digits. The report also showed that…
(Special Report) EFCC’s seized Alamiesigha’s Chelsea Hotel rotting away in Abuja
A new report released Thursday in Abuja, by Business Hilights Intelligence Unit (BHIU), an independent business research arm of Business Hilights Media Group, has revealed colossal loss on the side of the Federal Government for not running seized Chelsea Hotel…
CBN’s acclaimed NIRSAL Microfinance Bank yet to be seen in many NIPOST
Contrary to the claims of the Central Bank of Nigeria’s Governor, Godwin Emefiele that NIRSAL Microfinance Bank it created in 2019, are now operational in NIPOST outlets nationwide, checks in parts of the country showed otherwise, rather abandoned and lifeless…
Manual cargo examination by Customs worst drawback in a 21st century economy
In as much as issues of port inefficiency are still linked to matters of poor port access roads, overtime goods and lack of multi-modal transportation, the issue of manual cargo examination by the Nigeria Customs Service (NCS), remains the worst…
‘Freight rate: FG to save $30.87 per MT of petroleum products from Dangote Refinery’
Considering the Lagos location of upcoming Dangote Refinery, Business Hilights Intelligent Unit (BHIU), an independent business research arm of Business Hilights Media Group, publishers of Business Hilights Online and Markets Business Hilights Newspapers, has revealed that the from the onset…
2020 Cordros outlook for commercial banks depicts uncertainty, fears
Whereas facts and figures in the nation’s banking sector growth in 2019 remained resilient through tumultuous periods, 2020 will usher in fresh phase, wherein industry players are legislated to transact in the more traditional business of banking. Otherwise, activities in…
