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Tag Archives: Business Hilights

Experts list losers in FinTech, draw roadmap on inclusion @ NITRA summit

NITRA 2017 best

Segments of the Nigerian population that were apparently left behind in Financial Technology (FinTech) inclusion  have been revealed. It would be recalled that the World Bank had in earlier days of technology revolution, averred that Financial Inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs and delivered in a ...

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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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Shell yet to pay $200m yearly counterpart fund for Ogoniland cleanup–MOSOP

Ogoni cleanup

More facts suggesting that the cleanup of polluted Ogoniland in Rivers State may remain a mirage emerged in Port Harcourt on Wednesday as the leadership of Movement for the Survival of Ogoni People (MOSOP) has alleged that Shell Petroleum Development Company (SPDC) is yet to pay $200m, its share of the counterpart funding. Before now, there had been claims and ...

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Ghana Ports set to switch on central single window, paperless transactions Sept 1

Ghana Ports

Whereas Nigerian maritime agencies are still wobbling back and forth on their respective single windows rather one central platform operations which is global best practices to ease business for port stakeholders, Ghana is now set to flag off seamless central single window powered by innovative paperless transactions at the nation’s ports from September 1, 2017. The paperless transactions at the ...

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NATCOMS seeks N10,000 air time for failed stoppage of unsolicited sms, calls

NCC head office, Abuja

The National Association of Telecoms Subscribers of Nigeria (NATCOMs) has flagged off a mouth watering campaign for the payment of N10,000 worth of airtime to subscribers whose official request for end to unsolicited sms and calls to any network fails henceforth. This according to the body is coming on the heels of observed failure of networks to respect subscribers’ requests ...

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Immigration officials hit Zte Osborne office, arrest Chinese without work permits

Zte Nigeria

Enforcement team of the Nigerian Immigration Service (NIS) on Thursday, arrived the head office of a Chinese telecoms service company, Zte Nigeria at the early hours and wished away an unconfirmed number of Chinese expatriates who were said to be working in the country for months without work permit from the agency. Before yesterday’s raid, Business Hilights had been working ...

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Hacking kingpins designing ransomware to hit N3.5tn trapped by BVN in banks

Cyber attacker

Indications have emerged revealing that Nigerian cyber criminals are now working day and night with their international hacking kingpins on a tailored ransomware attack that will hack into commercial banks and cause disruptions that will provide a window for them to transfer the over N3.5tn trapped since the expiration of Bank Verification Number (BVN). Deadline for the BVN had ended ...

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Building national carrier from combined assets of Aero Contractors, Arik toxic—AMCON


The viral speculation that government is working on a template, via the Assets Management Corporation of Nigeria (AMCON) to convert assets of Aero Contractors and Arik Airlines has been described as the most toxic business plan for the nation’s aviation industry. Currently both airlines are troubled and under the administration of the corporation. Managing Director of AMCON, Ahmed Kuru, who ...

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Fear of exposing expatriates to pollution hazards behind non-relocation of IOCs— Reports

Oil firms

A report released by the Business Hilights Economic Research Team (BHERT) on Monday in Port Harcourt after one week of intelligence gathering on why International Oil Companies (IOCs) in oil communities have shown that the reason behind the rejection of the presidential order is to avoid exposing its expatriates to the hazards of environmental pollution. BH had few days after ...

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Dangote may buy near moribund Peugeot assembly plant from AMCON sooner


AMCON’s Chief Executive, Ahmed Kuru, has hinted the chances of of leading industrialist, Aliko Dangote to buy up near moribund Peugeot Assembly Plant, Kaduna in partnership with Kaduna and Kebbi States. Bank of Industry (BoI) is also in the picture of new possible investors. This means that the quartet mat soon become new core investors that will revive the plant and effectively ...

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