Drop in oil production: Fitch Solutions foresees Angolan GDP to drop to 1.5%
Angolan economy may be close to recession before the end of the year following discovery by global rating agency, Fitch Solutions which saw its GDP growth below expected last month. According to Fitch Solutions, “From the expected 2.8% growth, the…
C&I Leasing Plc: Successful bond issuance yields 2 new vessels to marine fleet
Nigeria’s leading leasing group, C&I Leasing Plc., has announced the successful acquisition of two brand new 2018 ‘ASD 2913 Tugboats’ christened ‘MV Chidiebube’ and ‘MV Folashade’ to its growing vessel fleet. Business Hilights recalls that C & I Leasing Plc…
Ghana bans use of tyres in processing meat on health, environmental reasons
…Nigeria yet to ban process in Lagos, others Whereas the Nigerian authorities are yet to take a decisive regulation against using flames from tyres in process meat, a Ghanaian region, the West Akyem Municipal Assembly has passed a bye-law banning…
Marriott International begins Africa wide expansion drive
Leading global hotel and hospitality group, Marriott International, has announced at the end of the 2018 Africa Hotel Investment Forum (AHIF) in Nairobi, Kenya, that it has concluded plans for massive rollout of services across Africa. The group revealed that…
Egina FPSO: Samsung deepening corrupt tendency in Nigeria—Prof Oditah
Legal luminary and lead counsel to Lagos Deep Offshore Logistics Base (LADOL), Prof. Fidelis Oditah, has accused Samsung Heavy Industries (SHI) – a subsidiary of the Samsung Group, Korea of trying to entrench its corrupt tendencies in Nigeria. The accusation…
Business Hilights wishes our followers happy celebrations, renewal on Ngr@58
Full text of President Muhammadu Buhari’s 58th Independence Day address Monday, October 01, 2018 Fellow Nigerians, Today is a day of celebration and solemn reflection. It is the anniversary of the day Nigerians realised one of the most cherished of…
Novel management ideas do not necessarily come from bankers’—Zenith CEO
The Group Managing Director/CEO of Zenith Bank Plc, Mr. Peter Amangbo, has averred that in banking management and corporate development, “experience has shown me that it is not necessarily the bankers that will give you the appropriate challenge or novel…
FG’s silence on design of Nigeria Air’s logo abroad minus for buy-Nigeria drive
The observed silence of both the Director General of National Information Technology Development Agency (NITDA), Dr Isah Pantami and the Minister of Science and Technology, Dr Ogbonnaya Onu, on the design of suspended Nigeria Air’s logo by a Bahraini communication…
‘NCC seems helpless in ending call masking, simboxing amongst networks’
A number of telecoms stakeholders’ are beginning nurse the feeling that the regulator, Nigerian Communications Commission (NCC) may be lacking the leadership will and discipline to end prevalence of call masking and simboxing fraud currently hobbling the industry. Call masking/refiling…
‘Booming African mobile internet uptake offers appealing traction to cybercriminals’
Indications have emerged revealing that African countries have suddenly become choice targets for cyber-criminals due to unprecedented growth in uptake of mobile internet. A new report by a cyber-security solutions (name with held) noted that even though the continent’s internet…
