Business Hilights

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Business Hilights

Foreign e-Commrece, shopping malls investors don’t grow economy but kill

…Need for local content in percentage of goods on sale stressed Contrary to trending belief that the sudden surge in foreign e-Commerce and shopping malls operators into the economy translates to answers to the Federal Government’s quest for foreign direct…

Nigeria’s infrastructure gap needs $3tn in 26 years to fix—Ovia

Founder and current chairman of Zenith Bank Plc., Mr. Jim Ovia has revealed that for ease of doing business in Nigeria to stand on the right footing, the economy must first, bridge the infrastructure gap by implementing the Nigeria Integrated…

Fidelity Bank committed to supporting non-oil export, votes N30bn

The Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has restated the resolve of his bank to grow non-oil export especially Nigerian made goods by way of providing ease to financial access. Speaking recently at a joint programme with…

Zinox donates N50m to Owerri market victims’, Uzodinma, others seek enquiry

More Imo State citizens have continued to respond to the weekend’s demolition of Eke-Ukwu Owerri market by the state government which claimed the life of one boy, Somtockwukwu several valuable properties. It would be recalled that Business Hilights broke the…

ALBON cries to Buhari for security on highways, morns killed members, passengers

Interstate and long distance bus owners, the Association of Luxury Bus Owners (ALBON), has called on the Federal Government to come to their rescue on the highways considering the surging cases of deadly armed robbery attacks in recent times. The…

Two Nigerians ‘Okada’ robbers nabbed, jailed 15 years each in Ghana

An Accra Circuit Court judge, Mr Aboagye Tandoh, has jailed two Nigerians from Rivers and Abia States, Ikenna Amadi Darlington, and Uchenna Uwachukwu aka Yeye, both Okada riders for using their motor bike to cross the complainant, Mr. Bright Mensah…

S’East, S’South Govs intensify calls for IOCs to relocate head offices, refute security risks

Rising from it second meeting in Port Harcourt, the South East, South South Governors Forum (SESSGF) has renewed its calls on the International Oil Companies (IOCs) operating in the 11 states to relocate their head offices in line with Presidential…

Power still epileptic as NNPC claims raising gas supply by 123 %

Even as power plants across the country continue to decry shortage of gas to power stations, the Nigerian National Petroleum Corporation (NNPC) on Tuesday announced that it had increased daily average natural gas supply to gas power plants by 123…

NNPC moves 55 top staff to reposition corporation

On Tuesday, no fewer than 55 top management staff of the Nigerian National Petroleum Corporation (NNPC), were affected in a massive reshuffle ordered by Group managing director, Dr. Maikanti Baru. In his pre-announcement briefing, NNPC boss informed the staff that…

Ghana takes delivery of 450MW floating gas-to-power vessel

As part of new drive to maintain steady power supply in Ghana, a private investor has taken delivery of 450MW gas-to-power vessel which arrived Ghana’s territorial waters weekend. The supplies from the vessel will be fed into the national grid…