Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

CBN denies credit crisis in 7 banks

The Central Bank of Nigeria (CBN) has refuted the claims by a Dubai-based international financial group that about seven Nigerian banks are at the risk of collapse while two are already down. These were part of the resolutions of yesterday’s…

FG assures total review of tax system to encourage investments

Vice President, Prof. Yemi Osinbajo has assured surviving local manufacturers, business owners and foreign investors on the readiness of the federal government on improving ease of doing business in the country. He said the idea is to accelerate Nigeria’s economic…

CBN committed to sustainable exchange rate regime—Gov

The Central bank of Nigeria (CBN) has once again reassured Nigerians that the institution will continue to do the needful in the struggle to drive the economy to sustainable development. The Director, Monetary Policy Department of the Central Bank of…

Senate halts proposed sale of N309m bond for NERC

The Senate, yesterday, ordered the Federal Government to stop the proposed sale of bonds worth N309 billion to finance the shortfall in the Nigerian electricity market. The motion was sponsored by Mustapha Bukar, who is the Senator representing President Muhammadu…

VP says FG targeting N1trn for housing delivery

Vice President Yemi Osinbajo has disclosed that the Federal Government is working with stakeholders to raise N1 trillion to provide affordable housing for Nigerians. Osinbajo disclosed this yesterday at the 22nd Nigerian Economic Summit in Abuja where he chaired a…

C/River now seating on N1.3trn investment, says Gov

Cross River Governor, Prof. Ben Ayade has said his Economic Roadmap has so far attracted ₦N1.3 trillion worth of investments into the state. Revealing the cheering news while addressing members of Traditional Rulers Council from the 18 local governments in…

Customs invades Lagos markets, impounds 6 trailer loads of smuggled rice

Less than three days of confusion rising from false information on lifting ban on the importation of rice via land borders, operatives of the Nigeria Customs Service (NCS) have stormed some markets in Lagos in search of smuggled rice. As…

Top 10 Int’l Private Investors in Nigeria now revealed, Lebanese lead chat

The latest edition of The Top10 Magazine has released the list of the top ten international private investors in the Nigerian economy. Lebanese investors seemed to be on the high side as the Magazine named the Chagoury brothers, Gilbert and…

Anxiety as UAE halts issuing Visa to Nigerians

Latest findings on the international diplomatic circles point to the fact that the authorities of the United Arab Emirates (UAE) have stopped issuing visas to Nigerians, following the stabbing of a police officer by a group of six boys. The…

FG fingered in frustrating growth of indigenous businesses at 22nd NESG

As the 22nd Nigeria Economic Summit Group (NESG) conference ends, the Federal Government and governments at all levels has been accused by chief executives of some small and medium scale business of not supporting businesses in the country and of…