Just in: FG slashes fuel pump price from N145 to N125
The Federal Government Wednesday afternoonbegan move to slash the pump price from N145 to N130 first and later down to N125 to reflect the current global oil price relaities. The move was in consideration of the fact that Nigerian pump…
Just in: MTN assures business continuity, COVID-19 protective measures across markets
Leading continental and global telecoms services provider of African origin, MTN Group Wednesday, announced series of precautionary measures to ensure continuity of services and safety of its stakeholders including employees, customers, communities and suppliers following growing official confirmation of Covid-19…
Just in: FG suspends Visa on arrival, bans travel from UK, 12 others
The Federal Government has announced travel restrictions from 13 high risk countries including UK, US, China, Italy, Spain, Germany, South Korea and five others. No African country made the new list. Business Hilights recalls that the ban is coming barely…
Confusion over Polaris Bank’s bailout repayment as CBN grants 1 year moratorium
Fresh confusion may have emerged as to when the Central Bank of Nigeria (CBN) appointed management team of the rescued Polaris Bank will pay back the total of N789bn bailout fund with which the apex bank used in resuscitating the…
Bank of Ghana rolls out monetary safety measures over COVID-19
…Warns against panic withdrawals As part of renewed efforts to protect the economy while taking serious precautionary measures against spread and impacts of the COVID-19 pandemic on domestic economy, the Bank of Ghana (BoG) has rolled out stringent measures for…
At last, NIWA begins concession process for Onitsha Port, decries Baro access road
The Managing Director of the National Inland Waterways Authority (NIWA), Dr George Moghalu has given a strong indication that a strategic process is ongoing for the emergence of the preferred concessionaire of Onitsha River Port. Recall that the process had…
Dormant BTSs near land borders raise security concerns in Seme, others
Full scale implementation of none delivery of petroleum products to filling stations located within a radius of 20kms to the nation’s land borders have finally crashed telecoms services and signals within Nigerian land borders. A recent visit to Seme, Benin…
Legislate on generation, distribution of power not ban on generators, NECA tells NASS
The Director-General of Nigeria Employers’ Consultative Association (NECA), Dr. Timothy Olawale, has described the proposed bill to criminalise the importation, selling and usage of generators by Nigerians as a clear move to kill surviving businesses in the country. In a…
How sinking oil price exposed impacts of herdsmen on agro export, diversification
Rewinding back to May 29, 2015 when the current administration of President Muhammadu Buhari was first inaugurated, there were high hopes of strategic diversification of the economy that will be powered by agro-revolution. Virtually every state and community geared up…
Cross River State-owned Calabar Garment factory seals NYSC kitting deal
Fresh production capacity expansion deal has been sealed between the management of the Cross River state-owned Calabar Garment factory and National Youth Service Corps’ (NYSC) for the production of 8,000 pairs of uniforms. Business Hilights recalls that the now growing…
