Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2018

Onitsha-PH road in worst state as FG claims investing N16bn Sukuk Bond on S’East roads

Serious doubts from leaders of though in South East Nigeria have started trailing recent claims by the federal government that it has invested N16.6 billion of the N100 billion Sukuk Bond for the rehabilitation of some roads in the South…

Relief coming on Apapa-Wharf road as 1st section gets ready mid March

Chances of the disappearance of intractable traffic gridlocks frustrating socio-economic activities within Apapa axis of Lagos due to ongoing road reconstruction activities may begin to wane from mid of this month. This is based on the revelation of the Director…

MAN, NECA raise alarm over new 0.5% tax for Competition/Consumer Protection

At a time the International Monetary Fund (IMF) has revealed that Nigerians are getting poorer by the day due to rising cost of essential commodities and dearth of business supporting infrastructures, the Manufacturers Association of Nigeria (MAN) has joined forces…

Why UBA sealed 7 year $100m financing deal with China Development Bank

More details have emerged on why Africa’s global bank, United Bank for Africa (UBA) Plc, and China Development Bank (CDB), the world’s largest development finance institution, sealed a $100 million seven-year letter of intent agreement. A credible source at the bank…

‘INEC technically challenging NASS in issuing 36 years election timetables’

There are strong indications that the Independent National Electoral Commission (INEC), may have started playing a strange script since the Senate passed a new election sequence. The latest election sequence as adopted by the National Assembly (NASS) shows that whereas…

Positive trading session ends February activities at Nigerian Stock Exchange

EQUITIES The equities market closed the month with a positive trading session, as the ASI (43,330.54 points) recorded its largest gain in the month of February, 2.44%, following interests in large cap stocks. However, the Month-to-Date return remained negative at…

NITRA 2017 best
ICT

Okere drags Ausso Leadership Academy to Nigeria to grow business mentorship

Drawing strong inspirations from the rare global success achieved by software developers and other IT tacticians in entrepreneurship at Silicon Valley, which has been underpinned by a strong mentorship culture, pioneer entrepreneurial advocate and founder of CWG Plc, Austin Okere,…

Ghana II
ICT

Ghana technically reducing official corruption via digitalisation drive—Group

Leading anti-corruption campaign group in Ghana, the Ghana Integrity Initiative (GII), has observed progressive drop in incidences of official corruption across government financing and activities in the last few year the country had embraced digitization of every government activity and…

IOCs need to help Africa drive projected objectives in oil industry—-Ewing, Chevron CMD

Contrary to speculations that Nigerian oil and gas sector still has a long way to go in terms of direction and growth, the Chairman and Managing Director of Chevron Nigeria Limited (CNL), Jeffrey Ewing, has seen a bright future for…

Ghana moves to tame over-pricing of contracts, fraudulent arrears

Excessive bulk of payment arrears for contractors in Ghana is forcing the Ministry of Finance to apply due diligence in the assessment and review of all federal government contracts to avoid payments for over-priced contracts and undelivered jobs. This was…