Business Hilights

Tracking Nigeria's Headline Business News Online

Day: October 3, 2019

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Minister warns Police, DSS against embarrassing Nigerians with laptops, devices

The rise in the  reported cases of Police and DSS operatives swooping on every Nigerian youth either moving along the streets or on transit with a laptop and related devices has caught the attention of the Minister of Communications, Dr…

Danger as MTEF 2020-2022 collapses CAPEX, pushes up recurrent spending

Strong indications have been smoked out from the recently approved Medium-Term Expenditure Framework (MTEF) 2020-2022 which is expected to drive the Nigerian national budgets between 2020 and 2022. From the document, upon the country is in dire need of infrastructure…

Verve @ 10, will continue to champion inclusion, seamless payment—Elegbe

Founder/GMD, Interswitch Group and promoters of Verve digital payment card in Africa and Nigeria in particular, Mitchell Elegbe has reinforced assurance that the group will continue to drive financial inclusion across borders with seamless payment platform. Speaking in Lagos during…

Deposit charge on cashless policy implementation anti MSMEs—MAN

…Says CBN acted without consultations The leadership of Manufacturers Association of Nigeria (MAN) has again, faulted sudden imposition of surcharge especially on cash deposits from N500,000, saying such unilateral policies will have negative impact on the Micro, Small and Medium…

NASS directs committees to drill seven IOCs over none remittance of over $21bn

The Nigerian Senate Wednesday, charged three key committees to review the activities of seven international oil companies (IOCs) operating in Nigeria over their official silence and refusal to remit about $21 billion to the national treasury. The resolution followed a…

Obiano earmarks only N6bn for construction of Cargo Airport in his last lap

Infrastructure financing experts have started picking holes on why upon the media campaigns mounted on the Anambra State International Cargo Airport at Umueri since the state governor, Chief Willie Obiano came into power about seven years ago; the first reasonable…

Dangote votes $20m for African Center to change continental narratives

As part of his drive to cause positive change on the battered African policy, business and culture narratives in the global community, Chairman, Aliko Dangote Foundation, Aliko Dangote has made a philanthropic donation of $20 million to The Africa Center…