Business Hilights

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2020 Tax Report says Africa making headway in tackling tax evasion, others

African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report, launched Thursday, revealed. Tax Transparency in Africa 2020 – produced…

Nigeria economic indices still looking bleak

From a record USD6.95 billion deficit reported in Q4-19, Nigeria’s Current Account (CA) deficit shrank by 29.8% q/q to USD4.88 billion over Q1-20. When viewed as a percentage of GDP, this translates to -1.3%. The blend of a marked reduction…

Revealed: Why Access Bank floated digital lending portal, ‘Cashflow Loans’

Renewed zeal to fast-forward Small and Medium Enterprise (SMEs) in growing and expanding their businesses across the country, leading tier one financial giant, Access Bank has floated on-the-go digital lending portal, christened ‘Cashflow Loans’. Business Hilights gathered that the scheme…

Adesina’s 2nd term at AfDB gets boost as bank ranks 4th in global transparency

Contrary to alliance of international opposition forces led by the United States against the second tenure of Nigeria’s former Minister of Agriculture, Dr Akinwunmi Adesina at the African Development Bank (AfDB), more rare feats capable of frustrating all the opposition…

UBA sponsored RedTV Men’s Club for re-launch July 22

No doubt, the RedTV Men’s Club are back with a big bang and will formally launch on July 22, an indication that the Boys are Back In town! The organisers said “Whist they may not necessarily be bringing music, they…

ATCON plans virtual meeting on Data Protection Regulation Act 2019

The management of the lead industry stakeholders’ group, the Association of Telecommunications Companies of Nigeria (ATCON) and the entire member companies under ATCON, has announced plans to hold a stakeholders’ review of the Nigeria Data Protection Regulation Act 2019 at…

PSHAN, Aig-Imoukhuede flag off design phase of PHC Adoption Programme

Aigboje Aig-Imoukhuede, in collaboration with the Private Sector Health Alliance of Nigeria (PSHAN) have unveiled a new initiative geared towards significantly improving Nigeria’s healthcare system at the grassroots level. The innovative strategy, in furtherance of a vision from an earlier…

Africa’s agriculture value chains must go digital to become gainful—AfDB

Speakers at a webinar jointly hosted by the FAO Investment Centre and the African Development Bank (AfDB), have made it  clear that  Africa must seize the opportunity of the COVID-19 pandemic to deepen the digitalization of agricultural value chains and…

Konga@8 discount sale goes live today, runs until July 7

As Konga, Nigeria’s foremost e-commerce powerhouse, turns eight this June, plans to celebrate its eight years of consistent innovations and leading the Nigerian e-commerce ecosystem have been perfected. From the front, the management of Konga has put together a memorable…

Cordros Capital reviews Nigeria’s economic outlook 2020

The intersection of global and domestic developments has had a weighty impact on the Nigerian economy, and by extension, the Nigerian capital market in the first half of the year. As a background to our view of the domestic economy…