Business Hilights

Tracking Nigeria's Headline Business News Online

Day: October 16, 2019

Just in: Exploded fuel tanker fire at Upper Iweka, sweeps Ochanja main market

Due to bad road at Onitsha, Anambra State, a 45 litres fuel tanker heading Enugu from Warri in Delta State ran into a deep gallop at Upper Iweka, exploded and burst in flames with thick black smoke. Business Hilights South…

Hameed Ali blinds Customs key role of trade facilitation for income earnings

A danger signal capable of derailing the original statutory function of the Nigerian Customs Service (NCS) is seriously emerging since the appointment of retired Army Colonel, Mr Hameed Ali. Investigations and reports suggest that ever since his coming in, he…

tax on GSM
ICT

Can Senate drop Ndume’s Comm Tax Bill now Ghana has halted theirs?

…As ATCON fears shrinking N450bn yearly contribution to GDP Confusion may be the best word to describe a scenario that is currently playing out at the National Assembly over the recent introduction of Nigerian Communication Tax of 9% Bill by…

NNPC assures NASS of reviving refineries, silent on delivery time

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari has once again assured Nigerians that the Corporation has the best hands to revive the moribund national refineries, but failed to either give details of renewal plans…

Julius Berger oil & gas coming

In line with its strategic partnership and joint investment agreement with Petralon Energy for the acquisition and development of oil fields in Nigeria, leading construction giant, Julius Berger Nigeria Plc, has notified the Nigerian Stock Exchange (NSE) of readiness to…

As FRSC avoids raiding Lagos, State agency impounds 134 Motorcycles

Just as authorities of the Federal Road Safety Corps (FRSC), Lagos State Command has remained silent on why it never carried raids on Motorcycles and Tricycles without plate numbers and vehicle licence as widely publicized for October, taskforce of the…

Border closure pushes up food inflation to 13.51% y/y from 13.17% in August

More blows have continued to hit the Nigerian economy following the August 21st unilateral closure of land borders. The latest minus for the economy is coming from the Consumer price index (CPI) or inflation rise in the month of September…