Business Hilights

Tracking Nigeria's Headline Business News Online

Business Hilights

Banana Island, Nigeria’s Most Exclusive Estate Where Richest Nigerians Live

Who are you here to see?” Even though I expected the question, it still feels off guard. I convinced the security guards at the main gate that I have been invited and after a call to the person I am…

Corruption: Ranking 150 out of 180 under Buhari’s 8 years means he failed

The Civil Society Legislative Advocacy Centre (CISLAC), and Transparency International (TI), on Tuesday released the 2022 Corruption Perception Index, CPI, showing that Nigeria ranked 150 out of 180 countries. The Executive Directive, CISLAC/TI-Nigeria, Auwal Rafsanjani in a press briefing in…

Petronella drags INNOSON to FCCPC for delivering substandard cars

A company named Petronella (Nig) Limited has sued INNOSON Vehicle Manufacturing (IVM) Company owned by Chief Innocent Chukwuma to the Federal Competition and Consumer Protection Commission (FCCPC) over failure to deliver all twelve vehicles paid for with manufacturing specifications. The…

Dangote emerges as Vanguard’s personality of the year

The Management of Vanguard Newspapers over the weekend bestowed the honour of “Personality of the Year” on the President of Dangote Group, Aliko Dangote. The Newspaper rolled out red carpet in celebration of men and women who have distinguished themselves…

ICT

10 Konga shoppers set for exclusive weekend mentorship with Ekeh, Zinox boss

The contest for places among customers of Konga, Nigeria’s leading composite e-commerce giant, for the all-expense paid Knowledge Weekend mentorship programme with the Chairman, Zinox Group, Leo Stan Ekeh is set to reach a climax this week, with only two…

New Notes Scarcity: CBN unleashes EFCC to branches over allegations of breaches

Fresh angle to the intractable scarcity of new naira notes has emerged. This time, the Central Bank of Nigeria (CBN) has opened up and agreed that apart from possible infractions by Money Deposit Banks (MDBs), there are some bad eggs…

ICT

Danbatta Bags Vanguard’s Regulator of the Year Award

The Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, was at the weekend in Lagos, decorated with the 2022 Regulator of the Year Award at the prestigious 11th Edition of the Vanguard Personality…

Lebanon: QatarEnergy, TotalEnergies, Eni begin exploration on two blocks

TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The agreements were endorsed in Beirut on January 29, during a ceremony attended by His Excellency…

Choscharis Boss, Maduka other dignitaries at 2022 Sun Newspapers Awards

PRESIDENT OF THE COSCHARIS GROUP, DR. COSMAS MADUKA, CON; UNITED NIGERIA AIRLINE MD, PROF. OBIORA OKONKWO, OFR; FORMER PDP PUBLICITY SECRETARY, OLISA METUH; AND THE SUN PUBLIC SERVICE ICON WINNER/MD, NATIONAL INLAND WATERWAYS AUTHORITY (NIWA), DR. GEORGE MOGHALU…AT THE SUN…

Understanding the Weekly Debit Alert of Electronic Money Transfer Levy

Many Nigerian bank customers may be wondering the meaning of Electronic Money Transfer Levy of N50 being deducted from their account almost every week. Hereunder is the meaning. Recall that the Minister of Finance, Budget and National Planning (“the Minister”),…