Business Hilights

Tracking Nigeria's Headline Business News Online

Month: January 2019

Gbenga Adebayo
ICT

Pay disputed taxes, seek legal redress later, ALTON advises MTN

In the interest of innocent subscribers and network stability and safety, the Association of Licensed Telecommunications Operators of Nigeria (ALTON), has advised embattled telecom giant, MTN Nigeria to see how it can pay the disputed taxes in Kogi State and…

Monarch who opened Fidelity Bank account with N1,000 becomes millionaire

Since last year and still ongoing, the Fidelity Bank current promo tagged; Get Alert in Millions (GAIM), has continued to make many Nigerians millionaires. Earlier this week Alhaji Oluwa Kareem Amodu, the Baale of Dankaka Community in Ajeromi Ifelodun Local…

Less than 10% of CBT centres charge JAMB’s exact registration fee—BHIU

The recent announcement by the Joint Admissions and Matriculation Board (JAMB) that it has suspended the University of Benin’s information communication technology (ICT) Computer Based Test (CBT) centre and several others found to have breached the code governing the 2019…

How EcobankPay cuts off risk of e-payments, by Akinwuntan

Leading continental financial giant, Ecobank Nigeria Limited, has brought in fresh innovation into Nigeria’s e-Payment environment with the introduction of EcobankPay solution. Giving insights on how it works in Lagos recently, the Director/Chief Executive, Ecobank Nigeria Limited, Mr. Patrick Aknwuntan…

FG’s fuel subsidy regime remains rent, drain pipe to ailing economy—LCCI

More interest groups have continued to voice condemnation to the way and manner the current government is running the fuel subsidy regime. Latest commentator on the issue is the the Director of Research and Advocacy, at the Lagos Chamber of…

Vitafoam Nigeria unveils 8 new products, warns against hasty ratification of AfCFTA

Pioneer foam manufacturing company, Vitafoam Nigeria has launched eight innovative products into the Nigerian market and cautioned against hasty signing of the African Continental Free Trade Agreement (AfCFTA) by the Federal Government. The Group Managing Director, Vitafoam Nigeria, Taiwo Adeniyi…

Between Customs 45% and LCCI’s 15%, can indigenous firms survive?

Strong fireworks are raging on what percentage will the Federal Government peg the current 70 per cent import levy on vehicles coming into Nigeria, there are two key stakeholders contending with divergent rates. Whereas the Nigerian Customs Service (NCS) calls…

NPA boss bags FIN Award of Excellence

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has received an Award for Excellence from Foreign Investment Network (FIN) for her contributions to the Maritime Industry during the 2019 Petroleum Industry Award in Abuja. The organizers…

Senate may rely on Supreme Court judgment to begin impeachment proceedings if…

“I have a feeling that the upper house of the National Assembly who has the stronger powers to initiate impeachment proceedings on any seating president if found to have breached any provision of the Constitution may have resorted to approaching the Supreme Court to secure a ruling that will shut every mouth that will challenge it if it begins impeachment process after getting a salutary judgment”.

Just in: Reps shun NCS’s ₦27,000, pass Tripartite Committee’s ₦30,000 NMW

The Federal House of Representatives today, Tuesday, January 29, 2019, passed the relied on the recommendation of the Tripartite Committee to pass New Minimum Wage (NMW) at  ₦30,000…