Business Hilights

Tracking Nigeria's Headline Business News Online

Month: April 2018

Nothing to show that FG’s targeted seven per cent growth between now, 2020 is feasible

Contrary to the latest permutation of the federal government that economy will hit seven per cent growth rate between now and 2020, experts have chided the speculation, saying there is yet nothing on ground to suggest that. Business Hilights recalls…

Court weakens National Assembly, rests elections re-ordering bill but…

The Federal High Court in Abuja on Wednesday temporarily ended ongoing move by the National Assembly to re-order the general election sequence, saying the bill was in clear breach of the provisions of Paragraph 15(a) of the Third Schedule of…

NCC Shittu
ICT

Until NCC, through FG reviews RoW in states, Infracos can’t do much—ATCON boss

The President of Association of telecoms Companies of Nigeria (ATCON), Engineer Olusola Teniola, has opened up on the key challenge frustrating the effective delivery of broadband services across the country by all the licenced Infrastructure Companies (Infracos). Infracos are companies…

TradeDepot
ICT

TradeDepot in $3m deal by Partech to digitize FMCG sales to retailers in Africa

TradeDepot, the innovative SaaS platform for FMCG distribution in Africa, Thursday, announced $3 million in funding to drive use of technology in distributing goods across the informal retailers’ population. Partech’s recently launched Africa Fund led the Series A round which…

NIMC Buhari
ICT

Lack of hamonised database of Nigerians may derail target deliveries of ERGP—FG

The federal government may have agreed finally that hamonising all biometric database of Nigerians remains a key factor in the success of its key development template, the Economic Recovery and Growth Plan (ERGP). Indications to this were made public by…

CBN dumps circulation of new lower denomination notes as mutilation deepens

During the midweek of last two months, the Central Bank of Nigeria (CBN) had responded to remarks by House of Representatives, who decried at plenary that lower denomination notes of Naira are becoming very dirty and can cause shocks in…

Ecobank shareholders approve resolutions as bank ends 30th AGM in Lomé

…Chairman hails improved outlook, new business plans Ecobank Transnational Incorporated, parent of the Ecobank Group, the leading pan-African bank with operations in 36 countries across the continent, concluded its 30th Annual General Meeting in Lomé, Togo on Wednesday with chairman,…

Procurement experts list five key factors frustrating contracts execution in Nigeria

Nigerian experts in contract procurement and supply chain management sector have listed five factors that usually derail majority of shallow or deep pocket contracts of the federal or state governments over the years till now. According to them, the factors…

Does it mean that Oyegun can’t see handwriting on the walls of APC convention?

Though there are earlier signals that the ruling All Progressive Congress (APC) may have wanted continuity of the existing party structure at the national level based on the short-lived approval for tenure elongation, President Muhammadu Buhari’s idea for fresh party…

2019: More group rise up for Atiku, RNI gathers support from youths, women

Barely one week after former Vice president and Peoples Democratic Party (PDP) presidential hopeful, Alhjai Atiku Abubakar tweeted that he will never say that Nigerian youths are lazy, more social and political groups have continued to realign with his political…