Home / 2017 / July

Monthly Archives: 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 company that has just paid a dividend amounting to nearly 75% of 2016 net profits to shareholders. Latest publication of ...

Read More »

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

Epe 6

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 manner the six boys were presented before the public. To the experts, the implications of their first public appearance in ...

Read More »

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 on July 3 with over 10,000 items marked for sales, but figures released by the agency showed that only 254 ...

Read More »

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

Western lotto launch

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) of the Central Bank of Nigeria (CBN) in an interview, the Director General of the Lagos Chamber of Commerce and ...

Read More »

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 a statement released by the company, her appointment is effective from November 1, 2017 and will be on annual earnings ...

Read More »

Lagosians amazed as Ambode connects SCI with Instant Google Street View

Lag google map

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 and typing your correct street address. Business Hilights recalls that the Lagos State Governor, Mr. Akinwunmi Ambode had last week, ...

Read More »

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 now several telecoms operators play a fast game on each other by way of masking incoming calls to a Nigerian ...

Read More »

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 & Chandon who is on marketing visit to Nigeria said “I am to here to share the magic of Moët ...

Read More »

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

Dangote A

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 generation. It is one of the most important fuels for power generation and this is one of the factors recently ...

Read More »

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

Anambra Airport deal 2

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 and Oil and Gas as key drivers of investment in the Anambra state and the entire south east. In his ...

Read More »