Business Hilights

Tracking Nigeria's Headline Business News Online

Day: December 3, 2019

Border Closure: Amiwero writes Buhari, seeks solution on genuine stranded goods

Whereas the Federal Government continues to insist that the nearly three months land border closure is gainful to the economy, indications have emerged that legitimate goods currently stranded at the borders have built unprecedented losses on owners. More insights on…

Mainone Avanti
ICT

MainOne’s Submarine Cable now live for service in Cote d’Ivoire— Oladepo

Nigerian emerging telecoms conglomerate, MainOne Cable Company, Monday announced the installation completion of its submarine cable in Cote d’Ivoire, saying service is now live and ready for data enthusiast. This is coming at a time the group has started delivering…

Transport Varsity in Daura, one of conditions for CCECC rail contracts—Minister

…Says Daura isn’t in Niger Republic, Biafra or Mali At the groundbreaking ceremony of new Federal University of Transportation, Daura, President Muhammadu Buhari’s home town in Katsina State on Monday, the Minister for Transportation, Mr Rotimi Amaechi, revealed how he…

Ghana to join Nigeria next year on e-visa to boost tourism

Barely one year after Nigeria introduced e-Visa on entry to drive seamless arrival documentations for credible investors and tourism, Vice President of Ghana, Dr Mahamudu Bawumia has announced that the government would launch e-visa next year. He said “Tourists and…

Dangote Refinery’s key crude oil processor arrives after 8 weeks of sail from China

Confidence of early delivery of the multibillion dollar Dangote Petroleum Refinery and Petrochemicals Company was on Sunday boosted with the arrival of the crude oil processor from China after eight months of sail. Business Hilights gathered that it took Chinese…

FG lists efforts at driving LPG production, affordability, accessibility

Federal Government of Nigeria has given details on its efforts at deepening the local production, affordability and accessibility in the country. Speaking in an exclusive interview with Business Hilights at the just concluded two-day summit of Nigeria Liquefied Petroleum Gas…

No more forex for products’ with local comparative advantage—CBN

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has warned that sooner than later, Nigeria may not have foreign exchange (forex) to support some activities including import of goods that have viable local comparative advantage. Recall that already,…

TEF opens entries for 2020 TEF Entrepreneurship Programme on January 1

Africa’s leading philanthropy dedicated to empowering African entrepreneurs, the Tony Elumelu Foundation (TEF), has said it will kickoff acceptance of applications for the 2020 cohort of the TEF Entrepreneurship Programme, effective Wednesday, January 1, 2020. In line with its official…

Minister’s mention of Biafra as another country raises hate speech concerns

At a time issues of gagging Nigerians against the use of provoking or inciting language in national life vide emerging Hate Speech Bill which had passed second reading at the Senate, the utterance of the Minister of Transportation, Rotimi Amaechi,…

Fidelity Bank beats UBA at 2019 NBG football competition, wins trophy

All Hail the new Nigerian bankers’ football Champions! Leading retail banking giant, Fidelity Bank Plc Football Team, Sunday trashed UBA Team in the 2019 Nigeria Bankers Game (NBG) football competition in Lagos. From the blast of the kickoff whistle to…