Business Hilights

Tracking Nigeria's Headline Business News Online

Day: October 30, 2017

SGF: Babachir Lawal out at last, Boss Mustapha of NIWA in

First step to facing the music of corruption trial for the embattled former suspended Secretary to the Government of the Federation, Babachir Lawal has started on Monday afternoon with the official termination of his appointment and immediately replaced by the…

Intels weighs court action against OGFZA over false allegations

Indications have emerged showing the readiness of leading logistic giant and port concessionaire, Intels Nigeria Limited (INL) to initiate legal action against the Managing Director of the Oil and Gas Export Free Zone Authority (OGFZA), Umana Okon Umana, for levelling…

BVN: Diaspora remittances, financial inclusion may collapse if….

Analysts have started picking holes in the recent High Court order to commercial banks to freeze all accounts without Bank verification Number (BVN). According to them, the order if implemented will lead to massive drop in Diaspora remittances from Nigerians…

More reasons why CBN can’t achieve rates convergence emerge

The sustained struggle by the Central Bank of Nigeria (CBN) to drive exchange rate convergence in the face of liquidity squeeze and forex crisis is now close to one year without the expected result. There were signals that the target…

Experts query CBN on how it can achieve single digit inflation in 2018

Last week’s speculative position of the Central Bank of Nigeria’s (CBN) Governor, Godwin Emefiele, that he expected the inflation rate to fall at a faster pace and hit high single-digit rates mid-next year has attracted divided attention from financial experts….

Strike balance between work, home affairs, Don tells Nigerian workers

…Business Hilights hails Chevron, PAU partnership Nigerian workers both men and women have been charged to always strike a comfortable balance between their official activities and family management to limit the chances of marriage breakup and being seen by other…

MTN boss, Rob Shuter

MTN weeds away 50.3m subscribers’ through value redefinition in W’Africa

A new initiative introduced by MTN Group to really track and remain with real subscribers on its networks across West Africa, tagged ‘Subscriber-redefinition’, has weeded away about 50.3m liability subscribers. An official of the company explained that the exercise was…

NIMC DG explaining issue during a press conference in Lagos

Like Nigeria, Ghana says no passport from 2018 without national ID

Barely two months after the Head of Nigerian Immigration Service (NIS) in collaboration with the National Identity Management Commission (NIMC) said effective January 2018, no application for International Passport without National Identity Number (NIN), will be attended to, Ghanaian Minister…

NBC DSO Sheraton

NBC corrects erroneous impression, explains DG’s speech at Kano forum

The attention of the Management of the National Broadcasting Commission (NBC) has been drawn to a sensational and incorrect report circulating on the internet, where it was falsely alleged that the Director General of the Commission, Mallam Ishaq Modibbo Kawu,…

Fero launch

Fero Mobile ups presence in Nigeria with Royale X2 Smartphone

New entrant, and fast growing mobile phone brand in Nigeria, Fero Mobile, weekend, unveiled the Royale X2 Smart phone device into the Nigerian Markets in Lagos. In his remarks during the launch, Nigeria and Emerging Markets Group, Mr. Phiroze Seth,…