Drawback for financial inclusion drive as FG begins N50 PoS charge
Mild confusion is gradually engulfing users of Point of Sale (PoS) device to pay for goods especially at filling stations across the federation. This stemmed from the resumption of N50 tax introduced by the Federal Government to raise revenue. The…
Access Bank’s results show strong growth in gross earnings, profitability
Facts have continued to emerge from the latest unaudited nine months (9M-19) results posted by Access Bank Plc. The result, which was in line with the performances recorded by the bank so far in 2019, also indicated strong growth in…
Heritage Bank, Zamfara, PAC update Buhari on AEIB cooperation
The management of Heritage Bank, Zamfara State Government and the Pan African Capital, at the just concluded Russian-African Summit in Sochi, Russia, held a meeting to brief President Muhammadu Buhari on the African Export Import Bank cooperation. During the meeting,…
Data centric landscape yet to be fully defined, crystallised in SSA—ATCON
President of the Association of Telecoms Companies of Nigeria (ATCON), Engr Olusola Teniola, has raised an issue of urgent continental importance, saying “The data centric landscape is yet to be fully defined and crystallised in SSA.” He argued that “In…
Startups need to have faith in Nigerian economy to succeed— Ekeh, Zinox Boss
Pioneer ICT investor in Nigeria and chairman of Zinox Group, Leo Stan Ekeh has raised an issue of budding business importance, saying “Startup entrepreneurs and business owners must retain a level of belief in Nigeria in order to scale their…
Exposed: Robbers, car snatchers latest mode of operation on highway
In the last few weeks, there had been rising cases of accident-tailored robbery scenes that remain very hard to comprehend until it is over. A victim, who sent in the report to Business Hilights Media Group gave a graphic details…
First unit of $1.29bn Zungeru hydropower plant to begin production next year—FG
Whereas there had been no sign of serious investor on the planned $5.2bn Mambila Power project, there are hopes that first unit of the $1.29bn Zungeru hydropower plant coming up in Niger State may begin power production to the national…
CBN gives Niger, Benin, others conditions for reopening land borders
Strong indications emerged Monday that chances of reopening closed Nigeria land borders in the nearest future remains bleak as far as the Central Bank of Nigeria (CBN) is concerned. Speaking to top media executives on Monday in Abuja, the Governor…
NB’s 9M-19 results show positive impacts on EBIT by stronger gross margin
More details have emerged from the recently released nine month results (9M-19) of Nigerian Breweries Plc indicating that even though the EPS decline of 17.0% y/y, for the three months ended September (Q3-19), the company recorded a much lower loss…
How Chinese displace Nigerians, import, retail goods in markets
Uche Uwakwe Serious battle is raging across leading trading centres and markets across Nigerian and mainly in Lagos as Chinese nationals relying on their manufacturers enter Nigeria, study moving goods, return home and import them into Nigeria for direct sales…
