Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2017

Customs FOU, Ikeja deepens anti-smuggling, nabs goods worth N200m in one month

Gallant officers and men of the Federal Operations Unit (FOU), Zone A, Ikeja Lagos of the Nigerian Customs Service (NCS) has raised the bar in its renewed anti-smuggling campaign within the zone in the month of June leading to the…

Airlines give conditions for seamless remittance of VAT, others

The joint team of delegation from Airline Operators of Nigeria (AON) and the International Air Transport Association (IATA) who paid the Chairman of Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler has given terms and conditions for a smooth administration…

Etisalat banks
ICT

Etisalat’s 18.5m subscriber base bad for foreign buyers, good for Glo—BH Analysis

Contrary to speculations that Etisalat Nigeria loan default crisis will finally terminate with foreign investors coming to acquire its assets and liabilities, analysis of facts and figures on ground has shown that the possible deal in this circumstance is merger…

UNN VC
ICT

UNN explains targets of ‘Roar Nigeria’, first Varsity tech hub in West Africa

Vice Chancellor of the University of Nigeria, Nsukka (UNN), Prof. Chukwuma Ozumba has revealed that the plan of the management to make UNN a Smart University via the adoption of the ‘Roar Nigeria’ has been bought by everybody and major…

GERMANY-G20-SUMMIT
ICT

Trump soft paddles on cyber unit with Russia after harsh criticism

U.S. President Donald Trump has backtracked on his push for a cyber security unit with Russia, tweeting that he did not think it could happen, hours after his proposal was harshly criticized by Republicans who said Moscow could not be…

Can 2017 budget survive if OPEC compels Nigeria to cut output on falling oil price?

Indication has emerged that the Nigerian economy as planned to be driven by the 2017 national budget may be under serious threat, if the speculation making the rounds on the possibility of oil cartel, OPEC, compelling Nigeria to join production…

Wema Bank’s IT head lists 4 new risks coming with latest technology in banking

Head of Information Technology Department in Wema Bank Plc, Mr. Adewale Saka has revealed four critical types of risks stemming from use of technology for banking services. In an interview, he averred that “These risks could be due to human…

CBN 2010 Directive: WEMA, Sterling banks now shopping for CEOs

Relying on the extant directive issued vide a circular to all banks by the Central Bank of Nigeria (CBN) in January 2010, there is no doubt that the managements of Wema Bank Plc. and Sterling Bank Plc. are on search…

30 years of railway negligence forced highways to continuous collapse—Amaechi

The Minister of Transportation, Mr. Rotimi Amaechi has linked the steady failure of federal highways to regular use of the infrastructure by heavy duty articulated vehicles which ordinarily would have moved by the rails. In his address in Abuja on…

NMLA charges NIMASA not to derail in repositioning Nigerian maritime industry

President of the Nigerian Maritime Law Association (NMLA), and a Senior Advocate of Nigeria (SAN), Mr. Luke Chidi Ilogu, has called on the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside to work towards…