Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2017

Exclusive: TB Joshua opens up on source of his powers on Hebrew TV2 Israel

Barely one week after Business Hilights broke the news of pressure from Israelis on Senior Prophet TB Joshua to relocate the Synagogue Church of All nations (SCOAN) from Nigeria to a religious site near the Sea of Galilee, our correspondent…

FG has a big task of improving brand image of Nigeria to pull investors—PwC boss

The Chief Economist at PricewaterCoppers Nigeria, Mr. Andrew Nevin has traced the major drawbacks of the country in achieving the needed foreign direct investments inflow as soon as possible. In an interview, he said in whatever government and Nigerians are…

Telecoms firms decry suffocation as CBN lifts currency ban for SMEs import window

Chances of Information and Communications Technology (ICT) firms to continue to contribute lion share to the Gross Domestic Product (GDP) of the nation were Thursday again, muzzled as the Central Bank of Nigeria (CBN) lifted ban on currency allocation for…

Banking/Investments

FCMB’s performance in 2016 gets shareholders’ commendation

For its resilience, dynamism and enhanced performance recorded in 2016 financial year despite the challenging operating environment, shareholders of FCMB Group Plc have applauded the bank. They gave the commendation at the 4th Annual General Meeting (AGM) of the Group…

NCS Organisation
ICT

NCS blames CPRCN for growing quackery in Nigeria’s ICT practice

The Executive Secretary of Nigerian Computer Society (NCS), Mr. Iyiola Ayoola, has opened up on why the nation’s Information and Communications Technology (ICT) space is dominated by uncertified practitioners and all comers’ affairs. In an interview, he said in the…

ICT

Samsung unveils latest Galaxy S8, S8+ with excitement in Lagos

The newest flagship smartphones from Samsung Electronics Co., Ltd., the Galaxy S8 and S8+, yesterday, unveiled into the Nigerian market as a local follow up to event in New York. The Galaxy S8 and S8+ feature polished metal chassis covered…

MTN logo
ICT

Resilient MTN Nigeria hits 11.6% profit growth, plans additional Base Stations rollout

MTN Nigeria has said it “had a strong start to the year with an 11.6 per cent increase in total revenue, supported by a 71.3 per cent boost in data revenue.” It added that while the momentum is encouraging, the…

As in cement, Dangote begins journey for backward integration in Sugar production

Leading indigenous investor in sugar production, Dangote Sugar Refinery (DSR) Plc has unveiled plans to drive backward integration in production of sugar over a 10 year delivery plan. The scheme is expected to gulp about N106 billion and about 20…

Industry

SON impounds falsely declared goods valued at over N100m, cautions importers

The Standards Organisation of Nigeria (SON) has seized a 40-feet container loaded with unbranded refrigerators and television hangers on grounds of false declaration by the connivance of the importer and clearing agent. In a statement, the agency alleged that the…