Business Hilights

Tracking Nigeria's Headline Business News Online

Day: November 4, 2019

MTN Visafone
ICT

MTN’s 800 MHz spectrum now an unbeatable edge over peers on data segment

Reasons why the leading continental telecom giant, MTN Group strategically went for the Visafone acquisition are beginning to pay out in the Nigerian data segment. Checks on the new active internet users’ statistics released by the Nigerian Communications Commission (NCC)…

Access Bank completes upgrade, fetes customers with free instant transfers

For their patience and understanding throughout the period of its technology and infrastructure upgrade and seamless systems integration, leading retail banking giant and largest financial institution in Africa, Access Bank is offering its customers, free instant transfers for a whole…

Forget rail for now, face Baro Port access road first —Expert

Leading maritime business expert, Dr Simon Dugu, has called on the new Managing Director of the National Inland Waterways Authority (NIWA), Chief George Moghalu to focus on reconstructing the road leading to the moribund N6billion Baro River Port in Kogi…

Elumelu in Paris summit, seeks private equity inflow into Africa’s SMEs

Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA), Mr Tony Elumelu, has stressed the importance of private equity inflow into Africa, with a focus on investing in small and medium scale businesses, the lifeblood…

$15bn investment, Nigeria’s competitiveness under threat over new d’water royalty

Contrary to high hopes that the emerging regime of increased deepwater royalty payable by oil majors to the Federal Government will amass revenue for the economy, international oil companies (IOCs) plus their local allies under the aegis of the Oil…

It’s now cheaper cooking with gas than kerosene, wood in Nigeria—BHIU

…However, fears rise over proliferation of gas refilling shops Contrary to yesteryears, a report released by Business Hilights Intelligence Unit (BHIU), an independent investment research arm of Business Hilights Group, has shown that “it is now more rewarding, safe and…

W’African businesses shun 33rd Lagos International Trade Fair

Checks within the three days of the ongoing 33rd Lagos International Trade Fair, holding at the Tafawa Balewa Square (TBS), Lagos have shown scanty presence of West African exhibitors. The development, which is contrary to previous experiences, cannot be unconnected…

Cost pressures, EBITDA margin collapse, finance charges weaken DangCem

More facts have emerged from the recently published 9M-19 results of Dangote Cement showing serious steep decline in EPS of 21.2% y/y to NGN2.09 in Q319. The scenario seems to be driven by renewed cost pressures, EBITDA margin deterioration, and…

Prof Nwabueze raises salient issues on S’Court verdict

WHAT HAPPENED IN THE SUPREME COURT ON 30TH OCTOBER 2019 IS A FARCE, NOT A VALID HEARING AND DETERMINATION OF THE APPEAL LODGED BY FORMER VICE-PRESIDENT ATIKU AGAINST THE VICTORY OF PRESIDENT BUHARI IN THE 2019 PRESIDENTIAL ELECTION AS DECLARED…