Business Hilights

Tracking Nigeria's Headline Business News Online

Day: November 18, 2019

FinTech disrupting conventional banking models—CBN

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has warned operators in the nation’s banking system that Financial Technology (Fintech) in the industry has come to stay He said the rapid growth in FinTech is not only…

NITDA Isa Pantami
ICT

Telecoms endless wait for Minister’s directive on multiple taxation

In line with the recent speed of regulatory directives coming from the Minister of Communications and Digital Economy, Dr Isah Pantami in the last few weeks, telecommunications operators in Nigeria have raised question of urgent industry importance on why he…

Fuel scarcity looms in Lagos as IPMAN fumes over Customs seizures

…Petroleum products imports drops at seaport Strong indication emerged weekend, showing serious chances of fuel scarcity within Lagos metropolis beginning from today depending on official responses. Trouble leading to the fears is linked to the position of the Independent Petroleum…

Shell opens up on unlocking African countries’ economic potentials

The Vice President, Exploration Middle East & Africa, Shell, Colette Hirstius has explained that the African oil and gas industry faces unique challenges and opportunities. She noted that “These are often driven by geology, the maturity of the industries and…

Innoson Motors deepens capacity, installs automated bus manufacturing plant

Resilient indigenous auto giant, Innoson Vehicles Manufacturing (IVM) has announced the installation of automated bus manufacturing plant at its plant in Nnewi, Anambra State. Delivering his address during the completion of the installation process, chairman of the group, Chief Innocent…

Dangote, others still suffering border closure as ECOWAS reject shipped goods

Even as diplomatic drives powered by Ministers of Foreign Affairs from Nigeria, Benin and Niger inch closer to resolving key issues leading to the border closure, leading Nigerian manufacturing concerns have continued to count their loses in the current border…

Nigeria: Another look at Biafran Spirit and ingenuity during Border Closure

By Emeka OBASI Motor Park economists say we are approaching El Dorado as Nigeria’s land borders remain shut. I know nothing about paper economics since most practitioners say different things each returning day. Some big guns in Abuja think this…