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How Tincan Port Customs boss, Yusuf, drove revenue to N183b in 8 months

Customs Ali 33

The Nigeria Customs Service (NCS), Tincan Island Port Command has announced the raking in of N183 billion between January and August the year. In a statement issued by the Command’s PRO, Mr. Uche Ejesieme, on Wednesday, the Customs Area Controller, Comptroller Basher Yusuf, hinged the success story to the coordinated activities and innovative spirit of the Controller and the entire ...

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Aulic, Lagos Trade Fair concessionaire faults VP, NCP over ‘announced’ revocation

Aulic Eze 2

Twist has emerged on the purported announcement of the revocation of the 2007 Lagos Trade Fair concession as the concessionaire, Aulic Nigeria Limited (ANL), has distanced itself from the news report, saying such a miscarriage of judicial process cannot stand. In a telephone interview with Business Hilights on Tuesday, the chairman of company, Prof Nick Ezeh, who expressed shock on ...

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More excitements as Nigeria narrowly gets off the hook of recession, but…

NBS kale

It was joyous moment amongst federal lawmakers and other financial experts as the nation’s economy was declared out of recession on Tuesday by the data rolled out by the National Bureau of Statistics (NBS). With the report, Gross Domestic Product has returned to positive growth. According to the NBS report, the GDP grew by 0.55 per cent (year-on-year) in real ...

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How NCDMB plans to reverse Nigeria’s loss of $380bn in oil industry


The Executive Secretary and Chief Executive Officer of the Nigerian Content Development Monitoring Board (NCDMB), Simbi Kesiye Wabote, has given a new roadmap on his agency will change the narrative in the national loss of estimated $380 billion in 50 years from capital flight in all oil industry fabrication, engineering, and procurement. In an interview with Business Hilights in Abuja, ...

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Ecobank explains Target Saving Promotion drive


Leading commercial bank, Ecobank Nigeria has given more explanation on why it has instituted the Target Saving Promotion (TSP) scheme, saying the campaign is designed to encourage saving among Nigerians. The promo tagged ‘Double Your Target Savings Promo’ which commenced in August is designed to reward both new and existing customers of the bank within the six months period. It ...

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FG reveals why it opted for out of court settlement in suit with 7 banks over TSA

Udoma, Buhari, Adeosun

The Accountant General of the Federation (AGF), Idris Ahmed, has given a graphic explanation on why the Federal Government, after taking seven commercial banks to court over breach of provisions of Treasury Single Account (TSA), made a U-Turn to seek for out of court settlement. In an interview during a recent workshop in Abuja on ‘Prospects and challenges of TSA’, ...

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Ogoja Rice, improved Abakaliki rice to saturate market before year end

lake rice launch

Before the end of 2017, more states that have stepped up rice farming will hit the Nigerian market with their improved products. Indication to this development stemmed from a recent declaration by the Cross River State Governor, Prof Ben Ayade, who averred that “the ultra-modern rice mill currently under construction in Ogoja Local Government Area of the state will roll ...

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Why Nigeria may not ban plastic bags as Kenya has done, by AEEPM

ban plastic bags

Following the success story recorded by Senegal, since January 5, 2016, in banning manufacture and use of certain plastic bags, and the recent take off of similar ban from Monday last week in Kenya, leading environmental experts in Nigeria have started weighing why the rule cannot be effective in Nigeria. The head of research at Africa Environmental & Economic Peace ...

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Calm returning to Owerri as traders move to Naze, Relief, Egbeada markets

Eke-Ukwu Owerri 2

Palpable calm is gradually coming back to Owerri, the Imo State capital, as frayed nerves that greeted last Saturday’s demolition of Eke-Ukwu market at the city centre begin to relax. Business Hilights had on last Saturday broken the news of the market demolition as it was going on. The exercise was marred with sporadic shootings by security operatives who were ...

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How MTN assisted Diamond Bank to reach unbanked Nigerians

Diamond Dozie

The Head of Retail Banking Businesses at Diamond Bank, Mr. Robert Giles has revealed how leading telecoms giant, MTN Nigeria provided the communication leverage to the bank to drive financial inclusion to millions of unbanked Nigeria over the years. Explaining issues at a workshop organised by Diamond Bank to exchange ideas on how best to reach more women with digital ...

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