Heineken, Coca-Cola roar in profits after strategic reforms
Just as the world’s number two brewer, Heineken on Wednesday, said profits for the period from January to September were up 19.9 percent year-on-year to 1.49 billion euros ($1.75 billion), Coca-Cola reported a jump in third-quarter profits same day, linking…
Planned N871bn injection into power sector may rest need for tariff hike
Strong indications emerged Wednesday that the Federal Government is planning to inject N871 billion into the power sector early next year to cut off highly speculated tariff review. This is coming from details of the newly approved 2018 to 2020…
26 firms’ line up for deal to revive 3 near moribund refineries
Whereas government may have sealed a fresh deal with private partners to revamp three existing refineries in the country located in Kaduna, Warri and Port Harcourt, the partnership will rake in investment to the tune of $2 billion (N720 billion)….
Rising daily gas production at 7bcf yet to reflect drop in local prices
A puzzle that has proved hard to resolve is why the rising gas production which recently reached seven billion cubic feet per day (cf/d), has not reflected in price drop in the consumer market in Nigeria. Apart from domestic market…
Tincan Customs hands over falsely declared items to NAFDAC
In keeping with existing synergy between Nigerian Customs Service (NCS) and other agencies of the government, the Tincan Island Port Command has handed over 2 x 40ft containers falsely declared as vehicles, but were discovered to be cartons of makeup…
Tenure the post of NNPC’s GMD, limit political interferences—Esele
Former president of the Trade Union Congress (TUC) for two terms from March 2007- June 2013 and President of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) between April 2006 and 2008, Comrade Peter Esele, has opened up…
BVN: Rural bank customers’ with names mismatch most hit
Findings by Business Hilights investigations on the major victims of the court ruling ordering the freezing of all bank accounts without valid Bank Verification Number (BVN) have shown that most hit are rural dwellers who have issues with matching their…
Unity Bank grows capital base to N80b from N31bn in 2014
Unity Bank Plc has raised its capital base from N31 billion in 2014, to a comfortable level of N80 billion. This was revealed by former Chairman of Board of Directors, Mr. Thomas Etuh, in an interview in Abuja. Etuh who…
Gates Foundation deepens financial inclusion drive with new software
In keeping with its resolve to grow financial inclusion worldwide, the Bill and Melinda Gates Foundation has unveiled a new software solution targeted at helping the unbanked people around the world access digital financial services. The software, Mojaloop, is designed…
New Broadband Council risks losing critical industry details—-ALTON boss
Barely more than two months after the reconstitution of the National Broadband Council (NBC) by the Minister of Communications, Adebayo Shittu, industry experts and stakeholders in broadband infrastructure and penetration have picked holes in the configuration. Key issue of division…
