Business Hilights

Tracking Nigeria's Headline Business News Online

Day: September 24, 2019

Mandilas most organized fashion accessories centre in Lagos—Okeke

President of Mandilas International trade Centre (MITC), Lagos International Trade Fair complex, owned by Mandilas United Traders Association, Chief Anthony Okeke has explained that the centre remains the most well structured and oragnised trade centre in Nigeria. In an interview…

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ICT

Growth in Fintech pushes Growth in Cyberattacks— Kaspersky warns players’

Credible reports have revealed that Africa’s Fintech ecosystem has surged 60% in the last two years and the continent’s Fintech firms have grown to 491 from 301 in 2017, with $132.8 million raised in 2018. The mileage, according to observers,…

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ICT

ATCON inducts Ajisebutu, Ndukwe, Ekuwem, Disu into Hall of Fame Saturday

All is set for the third edition of the Nigeria Tech Innovation and Telecommunications Awards (NTITA) 2019 scheduled to take place on Saturday, September 28, 2019 at Ball Room, Oriental Hotel, Lekki, Lagos. The event is put together by Instinct…

Ecobank Transnational steps up innovations, appoints Diallo Fintech Advisor

Leading pan-African bank, Ecobank Transnational Inc has appointed Mrs. Aissatou Djiba Diallo, formerly of Microsoft, as its new Senior Fintech Advisor to strategically raise Ecobank’s support for the fintech sector. Details made available to Business Hilights on Monday revealed that…

Another look at planned VAT increase in Nigeria: pluses, minuses

The federal government has proposed an increase in Value Added Tax (VAT), from the current 5% to 7.2%. The increment is linked to the implementation of Nigeria’s new minimum wage which has informed the need for an increase in revenue,…

Power Nigeria 2019 begins today in Lagos

From today, September 24 to 26, all roads for global energy experts will lead to the Landmark Centre – Water Corporation Road, Eti-Osa, Lagos, Nigeria for the yearly Power Nigeria summit. Whereas online registration is now closed, the organizers say…

NPA steps up efforts to drive investments to Eastern Ports—Hadiza Usman

Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has reinstated the Authority’s commitment to the optimal utilisation of Eastern Ports, saying the renewed commitment is in line with President Muhammadu Buhari’s administrations Ease of Doing Business Policy….

NNPC, CPDC $875.75m financing deal to deliver financing edge

The Nigerian National Petroleum Corporation (NNPC) has explained the key reason behind the latest $875.75 million funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated Oil Mining Lease (OML) 65. The Corporation…

Rare milestone as Hilton hits 100 Hotel Milestone in Africa

Hilton Group on Monday, announced at the African Hotel Investment Forum (AHIF), the signing of Hampton by Hilton Sandton Grayston, has pushed the conglomerate to a milestone of 100 hotels trading or under development on the African continent for Hilton…