Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

Hameed Ali blinds Customs key role of trade facilitation for income earnings

A danger signal capable of derailing the original statutory function of the Nigerian Customs Service (NCS) is seriously emerging since the appointment of retired Army Colonel, Mr Hameed Ali. Investigations and reports suggest that ever since his coming in, he…

Data sharing’ll drive safety of KYC on digital transaction channels—Fidelity Bank

Fidelity Bank Plc has called for digital synergy in customer data management so as to assist banks in the country to drive new levels of customer engagements across digital channels and systems. Speaking as a panelist at the recent 10th…

FG frustrating cashless policy with unnecessary fees, VAT—ABCON

The leadership of Association of Bureaux De Change Operators (ABCON), has described the processing fees for cash-less policy operations and the government’s planned hike in Value Added Tax (VAT) rate as discouraging ease of doing business. The group also noted…

Banking/Investments

1969 Petroleum Act empowers FG to take flared gas from IOCs for free—Derefaka

The Program Manager, Nigeria Gas Flare Commercialisation Programme (NGFCP), Office of the Minister of State for Petroleum Resources, Mr Justice Derefaka has opened up on the enabling legal framework upon which the Federal Government is relying on to assume sole…

NNPC/Chevron JV, NDPHC Olorunsogo, GACN seal GSAA, reassure service delivery

Chevron Nigeria Limited (CNL), in its capacity as Sellers’ Representative for the Nigerian National Petroleum Corporation (NNPC) and itself, has signed a Gas Sale and Aggregation Agreement (GSAA) with Olorunsogo Generation Company Limited, Niger Delta Power Holding Company Limited (NDPHC)…

UBA holds 2019 Forum in Lagos, reassures on customer’s target needs

Africa’s global financial giant, United Bank for Africa (UBA) has reassured its commitment to surpass the expectations of its customers through the provision of products and services that meet their needs. The Bank made this promise at a special Customer…

Why Access Bank, NB Plc avoided far North in ‘Access the Stars’ reality show

Fresh fact has emerged on why the coverage of debutant music reality show, ‘Access the Stars’ powered by Access Bank and Nigerian Breweries (NB Plc) did not go beyond Abuja even though larger number of Nigerian youths reside across the…

UBA’s Wise Savers’ promo holds final draw as 80 win N120million

United Bank for Africa (UBA) Plc midweek, rewarded another 20 customers who have emerged winners in the final draw of the UBA Wise Savers Promo, winning N1.5 million each, bringing the total amount won by 80 customers for the duration…

Investment Bank offers IMSG N100b Project Funding Support

Recent drive for both local and foreign investors by the Imo State Governor, Hon Emeka Ihedioha has started yielding fruits as a Nigerian Investment Bank, FSL Securities Limited has offered to assist Imo State Government in raising about N100bn for…

Banks’ deposit with CBN receding due to new Loan-to-Deposit Ratio of 65%

Since the Central Bank of Nigeria (CBN) increased the Loan-to-Deposit Ratio (LDR) from initial 60% to 65%, there had been a serious drop in banks’ deposit with the apex bank through the Standing Deposit Facility by 68 per cent in…