Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2019

AfDB seeks shift from youth empowerment to investments at TEFEF 2019

The President of African Development Bank (AfDB) and former reformist Nigerian Minister of Agriculture, Dr Akinwunmi Adesina, Saturday called on African governments, corporate citizens and foundations to shift focus from youth empowerment to investing in African youths. Speaking as a…

Access Bank, GE Healthcare team up to finance Nigerian healthcare providers

Leading largest financial institution in Africa and Nigeria in particular, Access Bank and GE Healthcare are to provide sustainable healthcare equipment financing to private healthcare providers; the partnership will help the private healthcare providers to deliver access to affordable healthcare…

Lafarge Africa’ll bounce back to profitability after disengaging LSAH—Cordros

Leading market analyst and investment advising group, Cordros Capital has welcomed the management decision of cement giant, Lafarge Africa Plc to divest from Lafarge South Africa Holdings Limited (LSAH), which is expected to be completed at the end of July…

UBA sets aside 10% of total balance sheet to support SMEs

The UBA Group Head, Retail Banking, Mr Jude Anele has revealed that the bank has adopted a policy of setting aside, 10 per cent of the bank’s total balance sheet to support SMEs in countries where the bank operates in…

Amaechi, Sirika, Lai Mohammed may rekindle Nigeria Air’s hide and seek game

Tracking back to last week’s screening session of the immediate past Minister of State for Aviation, Hadi Sirika at the Senate, he promised to revisit the suspended floating of new national carrier tagged Nigeria Air if reappointed to handle the…

China’s refined products exports to Nigeria may affect Dangote refinery sales if…

Emerged signals that China will increase its petrol exports in July and August with products cargoes heading to Nigeria and Mexico, may pose sales challenges to Dangote Refinery target markets if the glut and conditions stretches till when Dangore refinery…

Total, Benin Rep agree on 15-year LNG Import Floating Terminal Deal

Barring any last minute shocks, French oil and gas giant, Total and the Republic of Benin through its energy department, the Société Béninoise d’Energie Electrique (SBEE) have signed a 15-year gas supply agreement using LNG import floating terminal. The 15-year…

Tension as FG’s gazette on Shiites proscription order ready today

Following last week’s Friday’s ruling of the Federal High Court in Abuja, designating the Shiites group, otherwise the Islamic Movement of Nigeria (IMN) as a terrorist group and proscribing it, indications emerged weekend that the proscription order gazette will be…

Tinubu 2023 presidential posters, billboards takeover Lagos buildings

Sights and sounds of 2023 and heating up of the polity springing up even when the 2019 Federal Executive Council is yet to be constituted. Somewhere around Alausa in Ikeja are twin billboards bearing ‘BAT 2023’ which political pundits have…

MTN Nigeria
ICT

Just in: MTN Nigeria’s H1 unaudited results show jump in data, fintech revenues

…As anti- Xenophobic protests spread across Nigeria MTN Nigeria’s half year unaudited results released Friday has shown strong control of the nation’s data, fintech and voice market segments for the six months ended June 30, 2019. The result reflected the…