Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2017

Half year report: Dangote Cement hits 12.6% sales volume increase across Africa

Leading African cement brand, Dangote, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. Business Hilights recalls that Dangote Cement is a high-growth, low-debt, internationally diversified…

Epe 6 on foreign clubs jerseys: Who’s branding who?

Whereas Nigerians and more intimately, Lagosians are still celebrating and heaving sigh of relief over the rescue or release of the Igbnola Model College, Epe, kidnapped students, experts in advertising and branding business have picked holes on the way and…

Losses looms as Customs e-auction generates only N49m, 254 winners in 1 month

Barley one month after the flag off of the Nigeria Customs Service (NCS) e-Auction of seizures, the Service has said it generated N49 million on e-auction platform and recorded 254 winners in four weeks across the country. The scheme started…

Why lottery brands, other portfolio investors are invading Nigerian —LCCI

Fresh facts have emerged on why more portfolio rather than institutional investors are having field day in the Nigerian economy. Explaining issues around the recent retention of Monetary Policy Rate at 14 per cent by the Monetary Policy Committee (MPC)…

StanChartered UK gets Okonjo-Iweala’s financial services at £130,000 per annum

Standard Chartered PLC, a British multinational banking and financial services group, headquartered in London, England and with presence in 70 countries has hired the services of former minister of finance, Dr Ngozi Okonjo-Iweala, as an independent non-executive director. According to…

Lag google map
ICT

Lagosians amazed as Ambode connects SCI with Instant Google Street View

The recent deal between the Lagos State Government and Google which lead to the capturing of every street in Lagos on Google map has continued to elicit positive reactions from residents who seamlessly accessed their street on logging into www.instantstreetview.com…

danbatta
ICT

NCC to sanction operators masking foreign calls with local numbers henceforth

Following the expiration of grace period for telecoms operators to reconfigure their systems so as to end masking international calls as local on Friday, July 28, all is now set for harvest of sanction should any one falls prey. Before…

FG, others meeting on luxury tax as Moët & Chandon sees hot market in Nigeria

At a time the Federal Government has commenced discussions with state governments and National Assembly on the framework for the implementation of the planned taxes on luxury items, leading luxury wine manufacturers, Pierre-Louis Araud, the Global Brand Ambassador for Moët…

Dangote, Zuma group driving revival of Nigeria’s coal industry for power

More private sector investors are deepening activities in the nation’s moribund coal exploration industry as part of renewed drive to grow power supply for mega industries. It would be recalled that coal is one of the major sources of power…

S/East states open for investors in aviation, oil, gas, tourism—-Obiano

The Anambra State Governor, Chief Willie Obiano has revealed that the whole of South East is open and ready for long time investors in critical sectors including oil and gas, aviation and tourism. He listed Agriculture, Industrialization, Trade and Commerce…