Strong connivance between Abule-Egba pipeline vandals, NNPC exists—residents
Residents of Abule-Egba and environs who are still recovering from loses and destruction caused by the early morning pipeline inferno early Wednesday this week have pointed accusing fingers on what they described as an illicit romance between vandals kingpins and…
Ecobank allays fears on alleged overstatement on ETI balance sheet, statement
Leading continental financial institution, Ecobank Transnational Incorporated (ETI), has said its attention has been drawn to recent publications in some online media (Business Hilights not involved) alleging overstatement of ETI’s balance sheet and income statements emanating from incorrect exchange rates…
Globacom sparks off endless entertainment with launch of ‘Glo GameBox’
National telecom carrier and leading indigenous telecoms investors, Globacom, has unveiled a new customer –oriented package, the Glo GameBox, a mobile game application packaged exclusively for the endless entertainment of its teeming subscribers. The company in a terse statement released…
Paucity of fund, fear of borrowing force FG to trim down 2019 budget to N8.83trn
In line with his earlier communication to all states governors that the economy is in bad shape, President Muhammadu Buhari on Wednesday unveiled a federal budget of N8.83trn for the 2019 fiscal year. The 2019 total budget estimate is N300bn…
Customs total seized rice figure clash with number of bags given to IDP camps in 2018
Though the Nigeria Customs Service (NCS), has given its scorecard for the year beginning from January to November, saying it seized arms and ammunitions, dangerous drugs as well as vehicles, it impounded a total of 238,094(50kg) bags of rice across…
Oil marketers now picking their payment promissory notes, to mature in 2019
Frayed nerves over the N800bn debt owed petroleum marketers which is capable of convulsing 2018 Yuletide celebrations in Nigeria has been doused. This is revealed by the Chief Operating Officer, Downstream at the Nigerian National Petroleum Corporation (NNPC), Mr. Henry…
Like Nigeria, IMF warns Ghana to watch jumping debt profile
Barely three months after the International Monetary Fund (IMF) had warned the Nigerian government of being mindful of its galloping debt profile both domestic and foreign; the international finance watchdog has extended similar caution to Ghana. Business Hilights Ghana Bureau…
Confusion, ‘four more years!’, ‘no more years!!’ greet Buhari’s budget at NASS
It was a costly drama laced with breach of protocols and shouting match as President Muhammadu Buhari on Wednesday, December 19, 2018, presented 2019 Appropriation Bill at the Joint seating of the National Assembly. The breach of protocol was observed…
Expect completion of Diamond, Access Bank merger in mid-2019—Board
Whereas it is no more news that name ‘Diamond Bank’ is heading to extinction vide the ongoing hostile acquisition by Tier I financial institution, Access Bank, strong indication emerged Tuesday from the Board of Diamond Bank Plc that it expects…
MainOne hails year 2018 business year, plans big for next year
The management of leading Cable Company and telecoms Infrastructure Company (Infraco) in Nigeria, MainOne Group, has described its business activities in the ending year 2018 as eventful, revealing that “New milestones including expansion to Francophone West Africa via submarine cable…
