Business Hilights

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Banking/Investments

Just in: Mandilas Trade Centre issues business reopening directives

Ahead of skeletal resumption of businesses nationwide tomorrow, Monday 4th of May 2020, President on Mandilas International Trade centre, Cheif Anthony Okeke during the weekend, issued guidelines to business operators at the complex on how to conduct their businesses in…

Transcorp Group CEO, Owen Omogiafo Unveils New Strategic Vision for Nigeria’s Largest Listed Conglomerate at Company’s AGM

Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have congratulated the Board and management for the resilient performance achieved in 2019, despite the challenging environment. They welcomed the diversified earnings provided by the Group, Nigeria’s leading listed conglomerate, the largest…

Wema Bank Celebrates 75 years, Introduces Earn-From-Home Programme.

As part of the activities to celebrate its 75th anniversary, Wema Bank, the custodian of Africa’s first fully digital bank – ALAT – and one of Nigeria’s leading commercial banks has introduced an Earn-from-Home scheme. Celebrated as Nigeria’s most innovative…

Heritage Bank joins WHO to advocate elimination of malaria endemic by 2030

Heritage Bank Plc has joined the world to commemorate the 2020 World Malaria Day, amid fears that paying much emphasis on the novel Coronavirus Pandemic could reinforce progress on the mosquito-borne disease, especially in Africa. The theme of the World…

Q1: UBA records 8.5% growth in profitability

UBA PLC recently released its audited Q1-20 unaudited numbers, which showed that the bank recorded an 8.5% y/y growth in profitability in the first quarter of the year. We like that the bank recorded decent growth in interest and non-interest…

US$100,000 GoGettaz Agripreneur Prize to support the best agrifood business

The $100,000 GoGettaz Agripreneur Prize Competition 2020 (http://GOGettaz.africa) launched on 14 April 2020 amidst the coronavirus pandemic to give hope and support to the agripreneurs on the African continent. Bringing on board influential co-founders, members and ambassadors, the 2020 competition…

Instant Account Opening With EcobankMobile on *326# seamless, says Ecobank

Ecobank Nigeria is encouraging unbanked and underbanked Nigerians which include artisans such as  mechanics, carpenters, electricians, small scale retailers, transporters and others who depend on daily earning for survival, to open bank accounts instantly simply by dialing the bank’s USSD…

COVID-19 pandemic bolsters case for technology-based economic resilience

By Stefan Nalletamby African Development Bank has raised an exceptional $3 billion, three-year bond to help alleviate the economic and social impact of the COVID-19 pandemic ABIDJAN, Ivory Coast, April 14, 2020/ — By Stefan Nalletamby As the COVID-19 pandemic…

OPEC+ slashes production, saves Oil Industry from collapse

In a watershed moment for the oil and gas industry, OPEC and its allies in the OPEC+ group finalized a deal on Easter Sunday that, in conjunction with efforts from the G20 and International Energy Agency, could see up to…

COVID-19: Why telecoms, Dangote won’t suffer evacuation of EU, US citizens

…Oil majors, Hotels, others may face brain-drain if A new report released Monday by Business Hilights Intelligence Unit (BHIU) in Lagos has disclosed business sectors that may be shocked over the ongoing evacuation of both European and United States citizens…