Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2018

DEMOCRACY DAY: President Muhammadu Buhari’s full speech today, May 29, 2018

ADDRESS BY MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA IN COMMEMORATION OF THE 2018 DEMOCRACY DAY CELEBRATION, TUESDAY, 29TH MAY, 2018

9mobile 88
ICT

9Mobile: Investment plans of Teleology Group clear on repayment of bank debts—Source

Just as several sponsored campaigns of calumny are firing the preferred bidder of embattled 9mobile, Teleology Holdings Limited from every angle, a usually dependable source in the company has brushed aside all the media war, saying the company has all…

Africast 2018
ICT

NBC unveils plans for Africast 2018 scheduled for Abuja in October

The management of National Broadcasting Commission (NBC) has drawn up strategic plans for a successful hosting of this year’s Africast Summit designed to gather broadcasting pundits for fruitful discursions on how best to deliver Digital Switch Over (DSO) in Africa….

ICT

New law coming to criminalise breach of Executive Orders in Nigeria—Minister

Considering the observed violation and rampant breaches of several Executive Orders (EO) so far signed and introduced by the federal government, the Minister of Communications, Barr Adebayo Shittu has revealed that the Presidency is working on an executive bill that…

Fidelity Bank set to join Tier-1 big boys over smart completion of 4-year growth plan

At a time several Tier-2 banks are struggling to remain afloat in the segment, all is set for the most SMEs friendly bank, Fidelity Bank is set to join tier-1 banking giants. Though analysts say adverse macroeconomic environment, and regulatory…

Rule of law provides that 13% derivation must be deducted from the $1bn–Wike

Whereas a Niger Delta group, the United Rivers and Bayelsa State Indigenous Association (URBSIA), Lagos Chapter, has charged the Federal Government to release the derivation components of the N1bn moved from the Excess Crude Act (ECA) for fighting insurgency to…

2019: Penchant for dismissing inherited projects, policies key problem in Nigeria—VP

Vice president Yemi Osinbajo has raised a very critical issue that has been frustrating the process of continuity in governance in Nigeria. Speaking last week in his keynote address at the Leadership Newspapers Awards and Conference 2017, with the theme,…

Buhari directs Amaechi to provide security equipment worth $50m paid upfront to HSLi

Fresh fallout on the canceled controversial Nigerian waterways security deal brokered by Minister of Transportation, Mr. Rotimi Amaechi on behalf of HSLi Group of Israel, has emerged. Otherwise, in line with the presidential order directing the termination of the contract,…

Amaechi silent on quashed Israeli waterway deal, speaks on maritime capacity building

The Minister of Transportation, Mr. Rotimi Chibuike Amaechi has said that the President Muhammadu Buhari led Government is committed to building capacity for all the segments of the Transport sector in order to progress the Nigerian economy. Speaking at the…

Double edged-sword: Rising oil price may upturn economic recoveries if…

The unfortunate truism that whenever crude oil price is rising, it presents two-way conditions for Nigerian economy is beginning to play out since the oil prices began to steady at above $70. It would be recalled that Minister of Finance,…