Business Hilights

Tracking Nigeria's Headline Business News Online

Month: April 2017

Transport

SOAN confused, lacks courage to pressure NIMASA for disbursement of CVFF—Observers

Stakeholders in the nation’s shipping industry have decried the high level of sycophancy being displaced by the leadership of Ship Owners Association of Nigeria (SOAN) following the congratulatory message it sent to Dr. Dakuku Peterside, the Director General of the…

NEITI begins review of oil earnings from 2015 to 2016 to trace unremitted funds

As part of consolidated moves to track oil earnings diverted in the process of oil exploration in Nigeria between 2015 and 2016, the Nigeria Extractive Industries Transparency Initiative (NEITI), on Thursday gave indication of reviewing the audit of the oil…

ATCON AGM 2017
ICT

ATCON @ AGM, seeks removal of ICT equipments from 41 items restricted in forex access

The Association of Telecoms Companies of Nigeria (ATCON) has traced the observed drop in the level investments in the telecoms sector to the prevailing restriction of forex access to some basic equipment needed in the development of the sector. The…

KPMG Consulting
ICT

Experts that can detect, protect and respond to cyber attacks limited in Nigeria—KPMG

That Nigeria as a country is under serious threats of cyber attacks is no more news, but the major problem according to the Director, Technological Advisory, KPMG, John Anyanwu, is that skilled people who could detect, protect and respond to…

NCC Danbatta
ICT

BEEC felicitates with NCC, Danbatta over BPSR rating, hails leadership direction

More bodies and prestigious agencies have continued to congratulate the Nigerian Communications Commission (NCC) on the recent honour and world class rating received from the Bureau of Public Service Reforms (BPRS). Only recently, the Business Education Examinations Council (BEEC) has…

S/East loses out if NASS approves Buhari’s $6.4 billion China, W/Bank loans

Analysts have started giving analogy of how the South Eastern states will become worst losers by joining in paying for a loan that did not add any value to their lives if the presidency finally secures National Assembly approval to…

States’ debt profile jumps to N2.9trn, Lagos, Delta, Akwa Ibom lead. Anambra lowest

Details form the Debt Management Office (DMO) has shown that as at December 31, 2016, the total domestic debt profile of the 36 states of the federation stood at N2.958 trillion Lagos State is leading the pack with about 10.5…

Fidelity Bank leads in disbursement of CBN’s SMEs funds, gives out N2.2bn

Statistics made available to Business Hilights has shown that Fidelity Bank has so far disbursed N2.2 billion to operators of Small and Medium Enterprises (SMEs) out of the N220 billion earmarked for the sub sector by the Central Bank of…

Banking/Investments

FCMB commences eye surgeries in 3 states tagged; ‘Priceless Gift of Sight’

Leading money deposit bank, First City Monument Bank (FCMB)’s has commenced its yearly sponsorship of free eye screening and cataract surgery programme known as, Priceless Gift of Sight, has commenced in Kebbi, Cross Rivers and Imo states. The Corporate Social…