Business Hilights

Tracking Nigeria's Headline Business News Online

Day: March 1, 2017

Zenith Bank maintains lead in 2016, declares N129.65b profit, N1.77 dividend

Leading deposit money bank (DMB), Zenith Bank Plc., has declared a profit after tax of N129.65 billion and a final dividend of N1.77 per share for the year ended December 31, 2016. Details sited in the latest company’s audited report…

Lifting ban on 41 items can realize Customs N1.1tn revenue targets in 2017–Expert

Shipping expert, Chief Dominic Ugwumba has called on the authorities of the Nigerian Customs Service (NCS) to rethink the current ban placed on 41 items against access to forex so as to speed up importation and massive manufacturing activities of…

How Nigeria will gain from the proposed $64 Million ‘Green’ Bond

Thursday last week can best be described an epoch making day in a renewed drive to exit recession relying on the imports of the $500 million Eurobond which had already instilled confidence in financial policy makers and industry players. Unveiling…

CBN fast tracking naira appreciation, injects fresh $180m into forex

The naira continued to regain strength and appreciate in value in the parallel market on Tuesday as it was sold for N425 to a dollar. The meaning of this is that currency speculators are not having a negative fight for…


NBC considering resolutions reached at 2017 Broadcast summit in Abuja—Kawu

The Director General of National Broadcasting Commission (NBC), Mallam Is’haq Modibbo Kawu has said all issues raised under observations and recommendations by stakeholders during the just concluded Broadcast Stakeholders’ Meeting in Abuja will be given due attention by the Commission….


Huawei unveils P10, Watch 2 @ Mobile World Congress

Due to its reprise in 2017, major consumer technology manufacturer, Huawei has partnered up with the world-renowned Saatchi Gallery to redefine portrait photography through technology and design. The partnership with Saatchi Gallery along with existing partner Leica Camera looks to…

Funke Okpeke, Mainone boss

IXPN, MDXi seal deal on peering transit traffic using MainOne network

Two leading data firms, MainData Nigeria (MDXi) and the Internet Exchange Point of Nigeria (IXPN) recently announced a new partnership to expand the peering of Internet Transit traffic within Nigeria. The deal will be consummated using numerous networks and content…


Global mobile subscribers set to hit 5bn before year end—GSMA predicts

Going by the speed of penetration and service delivery, a new study by GSMA has estimated that the number of unique mobile subscribers around the world will surpass 5 billion before the end 2017. Details from the recently released 2017…