Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2017

Just in: We’re going to miss Boss, our hardworking boss—Fadile, NIWA PRO

Reactions have started trailing the appointment of former Managing Director of National Inland Waterway Authority (NIWA), Barr Boss Gida Mustapha as the Secretary General of the Federation (SGF) by the presidency on Monday. NIWA Head Quarters is in Lokoja, Kogi…

Army Buratai
ICT

Burutai indicts NCC, decries rising use of unregistered SIM cards

The Chief of Army Staff, Lt.-Gen. Tukur Burutai, on Monday in Abuja took a swipe on the regulatory intelligence of the telecoms industry by indicting the Nigerian Communications Commission (NCC), for not doing much to end the use of unregistered…

innoson group
ICT

One year after $300m credit, Innoson yet to begin manufacture of STBs

Between the middle and end of October last year, leading indigenous auto manufacturing group, Innoson Vehicle manufacturing (IVM) announced it has join the league of Set-Top-Box (STBs) providers for the smooth migration of the country from analogue to digital television…

Security fears as mainly M’East investors top in bids for airports

In what may look like a coordinated expression of interest, stakeholders in Nigeria aviation sector, including members of the National Assembly, are developing cold feet following discovery that mainly investors from Turkey, Saudi Arabia and Qatar are topping the list…

ERGP success tied to robust banking industry—IMF

Whereas the Central Bank of Nigeria (CBN) has repeatedly claimed that Nigerian commercial banks are all strong and fit, the International Monetary Fund (IMF), has warned that many commercial banks need to raise new capital and boost their capital adequacy…

7 banks yet to move MDAs’ funds to TSA 2 years after

The Minister of Finance Minister, Mrs. Kemi Adeosun has listed seven money deposit banks still holding on to large sums of money belonging to Ministries, Departments and Agencies (MDAs), more than two years after the introduction of Treasury Single Account…

Innoson jeeps, cars won’t have malfunctioned—- Group

Whereas some of the exotic cars delivered to the members of the House of Representatives have developed faults barely 90 days after the automobiles arrived in Abuja, a Non-governmental organization (NGO), Buy Nigeria Group (BNG), has said that “Innoson Motors…

Police arrest 200 cows for farm invasion in Yola, herdsmen accept guilt

Fulani herdsmen are at it again, this time, no killing but the police in Adamawa arrested 200 cows for invading a farmland at Yolde-Pate in Yola South Local Government Area. Police spokesman in the state, Othman Abubakar, confirmed the development…

Why rising external reserves fail to attract real foreign investor

An Economist, Dr. Ken Igboanugo has given an insight as to why little or no foreign investors have decided to rely on the blossoming external reserves to arrive Nigeria for investment in recent time. The Central Bank of Nigeria (CBN)…

CWG Plc steps up CSR, targets IDPs @ 25 year anniversary

Indigenous information technology solutions provider servicing West, Central and Eastern Africa, CWG Plc, at the peak of celebrating its 25 years of operations has unveiled a strategic Corporate Social Responsibility (CSR) initiative tailored at catering for Internally Displaced Persons (IDPs)…