Business Hilights

Tracking Nigeria's Headline Business News Online

Month: June 2019

NBC Vs AIT Logos
ICT

Just in: NBC restores AIT, Raypower’s suspended licence

The Nigerian broadcast regulatory agency, the National Broadcasting Commission (NBC), Friday announced the withdrawal of the suspension of operating licence of Daar Communications Plc, owners of Africa Independent Television (AIT) and Raypower 100.5FM. This was the outcome of consultative meetings…

NCC 99
ICT

Ghana’s NCA plans SIM re-registration based on national ID card

As the Federal Government is yet to make it mandatory for the use of National Identity Number (NIN) for registration of new Subscriber Identity Module Card (SIM) cards, the Ghanaian telecoms regulator, National Communications Authority (NCA), this week, announced the…

With structures in place, we expect 45m Nigerians in tax net by July—FIRS

The Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has revealed that all things being equal, Nigerians that regularly fulfill their tax obligations to the Federal Government will hit about 45 million before the end of July. In…

What can Kachukwu say he achieved in office as Minister of State for Petroleum?

Whereas several industry pundits have described the regime of former Minister of State for Petroleum Resources, Dr Ibe Kachukwu in the recently dissolved cabinet of President Muhammadu Buhari, as lacking in definite portfolio and executive functions, his recent removal and…

FRSC begins clampdown on Tricycle, Motorcycle without Number Plate, licence

In keeping with its resolve to clean up the Tricycle (Keke) and Motorcycle (Okada) commercial transport system in Nigeria from criminals and untrained users, the Federal Road safety Corps (FRSC) has given operators up to 1st August, 2019, to register…

Cordros Securities sees growth potentials on NASCON offerings

Leading stock and capital market analysts group, Cordros Securities Thursday said it has initiate coverage on NASCON Allied Industries (NASCON) with a ‘Buy Rating’ and a one-year TP of NGN25.97. This, according to a statement made available to Business Hilights,…

S’East Govs., Benue reject FG’s Ruga Settlement for Fulani herders’

Governor of Imo state, Rt. Hon Emeka Ihedioha, has rejected the plan of the federal government to set up Ruga farm settlements for Fulani herdsmen in the state. Explaining more through his Special Adviser Media, Steve Osuji, the Governor wondered…

Smile Skyroam deal
ICT

Smile Telecom seals deal with SkyroamSimo to deepen 4G services

Smile Telecom, a Pan-African 4G LTE telecommunications group has formally entered into a partnership with SkyroamSimo, the world’s leading mobile Platform as a Service (PaaS) company providing global data access services. With Smile operations in Nigeria, Uganda, Tanzania and the…

NCC CBN
ICT

Nigerians tired of hearing about licensing Infracos from NCC for years—Expert

A leading telecoms investor (name with held), has advised the leadership of the Nigerian Communications Commission (NCC) to save itself, the energy of continually repeating itself at every occasion that it has given out licenses to telecoms Infrastructure Companies (InfrCos)…

MTN suits
ICT

MTN Vs. FG: AGF request for long adjournment to Oct 29, granted by High Court

Leading telecoms giant, MTN Nigeria Plc, yesterday expressed readiness to continue their claims of innocence over allegations of tax irregularities leveled against it by the Office of the Attorney General of the Federation (AGF) whenever the case is called up…