Utomi links collapse of companies to regulatory risk, lack of national strategy
Leading political economist and former presidential candidate, Prof Pat Utomi has given insights on why many Nigerian companies collapse few years after set up. Speaking in Lagos at the Regulatory Conversations 4.0 themed ‘Foreign Exchange Restrictions on Food Imports and…
InterContinental Hotels Group, Aleph Hospitality to deepen visibility in Africa
InterContinental Hotels Group (IHG®), one of the world’s leading hotel companies, has signed a Master Development Agreement (MDA) with Aleph Hospitality to develop ten franchise hotels across IHG’s portfolio of brands in midscale and upscale segments. This is coming at…
Nigerien President reveals root cause of Fulani/farmers crisis in Nigeria, others
Nigerien President Mahamadou Issoufou has opened up on the core factors fueling land related violence and endless killings across bordering countries of the desert threatening countries in the African Sahelian region including his country, Nigeria and others. Speaking at the…
Banks’ that may be trapped by CBN’s 60% Loan-to-Deposit Ratio in time race
A number of commercial banks’ that hitherto shy away from supporting SMEs and loan access are now pursuing depositors with all manner of loan packages so as to beat the of growing loans by N800bn following CBN’s directive. Fact checks…
NCC still mute on remaining 2.6MHz, reserves 26, 38, 42 GHz for 5G
Part of the reasons why 4G uptake and quality of service have remained insignificant has been traced to the inability of the telecoms regulator, the Nigerian Communications Commission (NCC) to complete the auctioning of 2.6MHz it suspended two years ago….
ATCON plans evaluation of Nigerian telecom industry from 2015 to date
As part of its mandate, the Association of Telecommunication Companies of Nigeria (ATCON) has announced plans to review problems and prospects of the Nigerian telecoms industry from 2015 to 2019. In a statement signed by the Executive Secretary, Mr Ajibola…
Amaechi not too sure of Lagos-Ibadan rail delivery by CCECC in December
Contrary to some media reports that the Minister of Transportation, Rotimi Amaechi is quite hopeful that contractors handling the Lagos -Ibadan Rail project will meet December deadline, he has expressed disappointment with the slow pace of work being done, saying…
Radisson Hotel Group seals fresh 11 hotels deal to boost African visibility
Barely two days after hospitality giant, Hilton announced milestone of hitting 100 hotels ownership in Africa, Radisson Hotel Group, one of the world’s largest hotel groups has also informed of signing 11 new hotels in Africa within the first nine…
Africa’s Biggest Fashion Event, GTBank Fashion Weekend 2019 holds Nov
GTBank has announced readiness for its 4th edition of the GTBank Fashion Weekend planned for Saturday the 9th and Sunday the 10th of November 2019 at the GTCentre in Lagos. Organizers told Business Hilights in Lagos that the 2-day event…
‘Tying access of N600bn power fund to new 0.75% admin charge on gas Greek gift’
Body of power generation companies (Gencos) under the auspices of Association of Power Generation Companies (APGC), has rejected the sudden introduction of 0.75 percent ‘unregulated’ administrative charge for gas supply transactions being introduced by the Nigerian Bulk Electricity Trading Plc…
