Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2019

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…

If 9th Senate agrees $30bn loan, Buhari’ll set record of $55.7bn external borrowing

Details recently released on Nigeria’s debt profile showed that the external debt that stood at $10.32 billion in June 2015, rose to $25 billion by March this year, showing an increase of $15.3 billion. Now, should in case the current…

Ecobank, StandChart drive Capital Importation to Nigeria in Q3 2019—NBS

Latest release from the National Bureau of Statistics (NBS) has shown that Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to become foreign investors’ favourites for investment deals. Details of the Bureau report…

NIPOST stamp
ICT

Labour worried on why Panatmi remained mute on NIPOST’s uselessness

Whereas there had been serious argument that the Minister of Communications and Digital Economy, Dr Isa Pantami, may have engulfed the day to day running of Nigerian Communications Commission (NCC) and National Information Technology Development Agency (NITDA), experts and mainly…

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ICT

World Bank defines digital economy for Minister, decries inadequacies

Barely one month after the Minister of Communications and Digital Economy, Dr Isah Pantami, convinced President Muhammadu Buhari to add control of ‘Digital Economy’ to his watch in the ministry, World Bank decries Nigeria’s inadequate digital infrastructure. However, whereas the…

Energy

Nigeria already tracking key provisions of Malabo Declaration on Gas—Derefaka

Following days of strategic deliberations by both African and international experts on gas at the just concluded 5th Gas Exporting Countries Forum (GECF) Heads of State Summit in Malabo, Equatorial Guinea, participants have rolled out a continental gas development master…