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…
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…
ECOWAS set for ICT hubs across member states to drive youths employment, but…
The leadership of the Economic Community of West African States (ECOWAS) has announced her readiness to an information technology “innovation hubs” in member states to address unemployment in the region. Though the scheme was originally launched last year, Business Hilights…
Why Nigerians, Eritreans topped list of ‘risky’ sea voyagers to Europe – UNHCR
Leading social commentator and Lagos based lawyer, Dr. Moses Edun has given insights on why Nigeria and war-torn Eritrea topped the list of African migrants risking their lives to cross the Mediterranean Sea to Europe. In a telephone interview with…
