Business Hilights

Tracking Nigeria's Headline Business News Online

Timothy Olawale

‘FG should tie April new electricity tariff regime to total metering of customers’

…As NECA says proposed hike necessary For the fact the ‘December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020,’ recently released by the Nigerian Electricity Regulatory Commission (NERC) indicates that new tariff…

Jumping debt profile, graft-ridden fuel subsidy twin-evil killing Nigeria—NECA

The leadership of the Nigeria Employers’ Consultative Association (NECA), has refused to be confused into joining the growing bandwagon of economic wishful thinkers spreading the belief that Nigeria’s debt ratio to Gross Domestic Product (GDP) is still within allowable limit….

‘Banks’ continuing deductions for Stamp Duty due to no directive to stop yet’

Contrary to the explicit pronouncement of a competent court of jurisdiction stopping the deductions of Stamp Duty in favour of the Federal Government, Nigerian banks’ are yet to comply, Business Hilights Intelligence Unit (BHIU) can authoritatively report. Some of the…

FG, States endless borrowing in 2018 crowded out OPS from credit access—NECA

Leadership of the Nigeria Employers’ Consultative Association (NECA), has raised fresh alarm on the impacts of sustained borrowing spree both by the Federal Government and states from the local money market to fund 2018 and 2019 budgets. According to the…