Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

CBN, NCC still have much to do for agent banking in underserved areas—Owolabi

There seems to a lot of things yet to be considered both by the Central Bank of Nigeria (CBN) and the telecoms regulator, Nigerian Communications Commission (NCC) as far as driving financial inclusion in underserved areas of the country. This…

Just in: Lekki estates’ union, LERSA, seeks AMCON justice on Victory Park, others

Lead union of highbrow residential estates’ within Lekki axis of Lagos State, under the aegis of Lekki Estates Residents and Stakeholders Association (LERSA), the umbrella body of Residents Associations of over 77 gated Estates from 1004 Estate area down to…

Taxpayers’ may stop compliance over none release of funds for capital projects, others

For the first time in Nigeria’s budgetary regime and national planning, current administration of President Muhammadu Buhari’s second term can be said to be the first time the economy has been with a signed national budget, but no release of…

Why Ecobank didn’t renew contract of its third-party recruitment agencies

Fresh details have emerged on why Ecobank Nigeria decided not to renew the contract of its third-party recruitment agencies which expired recently. In a statement issued as reports of sack and un-ceremonial disengagement some staff went viral, the bank said…

UNN beats Unilag, 2 others to produce first 5-seater electric car in Nigeria

Barely six months after the Director General, National Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu, challenged five Nigerian ranking institutions to make proposals on how to produce electric cars in the country, University of Nigeria Nsukka (UNN) has…

Too much money from agro export in the 70s, oil boom killed tax regime—Fowler

…Gives reasons why VAT may be hiked sooner in Nigeria The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has given deeper insights on why tax payment compliance in Nigeria is sounding strange to many Nigerians. Besides, he…

Merger, acquisition fevers engulf banking sector following CBN’s hint

Though the current largest bank in the continent by virtue of branch networks, Access Bank, has hurriedly denied any form of talks either with the management or shareholders of Union Bank relating to either merger or acquisition, industry analysts say…

AfCFTA: What products do Nigeria have comparative advantage now?

…Can NASS save the situation before Nigeria becomes dumping ground? Just as President Muhammadu Buhari has fallen to faceless pressure to sign the African Continental Free Trade Area (AfCTFA) on Sunday at the just concluded 12th Extraordinary Summit of the…

NOVA Merchant Bank launches new website for seamless service delivery

To deepen customer service, NOVA Merchant Bank (www.novambl.com), Monday announced the launch of its newly redesigned website. Business Hilights gathered that the new version has features and functionalities to enhance the accessibility of the website. The navigation of the website…

TEF, UNDP team up to empower 100,000 entrepreneurs in Africa

The global development network of the United Nations, United Nations Development Programme (UNDP), has partnered with the Tony Elumelu Foundation (TEF) to train, mentor and financially support 100,000 young entrepreneurs in Africa for the next 10 years. TEF, Africa’s leading…