Business Hilights

Tracking Nigeria's Headline Business News Online

Day: April 1, 2019

Access, Africa’s new largest bank opens business today with N6.1tn asset base

…As Diamond fails to last forever in Nigeria It started with speculations and later went ahead to mature. However, after months of build up ranging from expression of merger interests between Access and Diamond banks, sealing of understanding to merge,…

Ownership confusion engulfs GTBank as Innoson Motors begins takeover?

Since Friday last week, versions of Supreme Court judgment interpretations have started flying between Guaranty Trust Bank Plc (GTBank) and leading indigenous vehicle manufacturing group, Innoson Nigeria Limited following the February 27, 2019 final ruling and a writ of Fifa…

Microsoft 99

Microsoft begins veiled drive for its S’Africa based datacenter in Nigeria

Having successfully denied Nigeria the chances of playing a leading role in digital economy revolution in Africa due to its last minute change of mind to dump Nigeria for South Africa in the establishment of $30bn datacenter, Microsoft have tactically…

SIM cards 33

Replacing lost, stolen, damaged SIM card’ll remain stringent—NCC

Fresh explanation has emerged on why the process of replacing lost, stolen or damaged Subscriber Identity Module (SIM) cards will remain more stringent. The Nigerian Communications Commission (NCC) made the clarification while addressing various service-related concerns and issues raised by…

NCC Retirees

Can NCC recover as 12 senior staff commence terminal leave today?

Effective from today, April 1, 2019, 12 strategic management staff will begin terminal leave to end their service at the Nigerian Communications Commission (NCC). Ceremony for their send forth process was rounded off weekend by the Management of the Commission….

Again, NIMASA fails to disburse $100m Cabotage Fund in 2019 Q1

As the economy begins its journey into the second quarter of 2019 today, it has become very clear that the Federal Government through the Nigerian Maritime Administration and Safety Agency (NIMASA), failed in its promise last year to flag off…

2019 budget: FG’s plan to borrow N1.6tn may crowd out SMEs’ from banks

Strong indications have emerged revealing that contrary to the target of the Monetary Policy Committee (MPC), who voted to cut MPR from 14 to 13.5 per cent is to improve banks’ capabilities to give credit to Small and Medium Enterprises…

25 years idle Independence Building in Lagos’ll go for 20 years—ICRC

Considering the emerging change of economic development tactics by the President Muhammadu Buhari-led second term, attention will henceforth move from government powered economy to private sector-led. Key in the implementation of the new economic policy will be the concessioning of…

(Special Report) BPE opens eyes of Nigerians on why PIB may not fly under Buhari

Nigerians who are hoping to see the nation’s oil and gas industry truly librelised and the Nigerian National Petroleum Corporation (NNPC) privatized to deepen private investments may need to wait till after the end of the current administration in power….

German-African Energy Forum lifts Africa’s Energy Security, Investment

The African Energy Chamber (AEC) congratulates the German Government and the African-German Business Association (Afrika-Verein der deutschen Wirtschaft) on the success of the 13th German-African Energy Forum held in Hamburg on March 27 and 28, under the theme “Realizing &…