Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2020

Hope Uzodinama 33
ICT

Uzodimma Signs Executive Order reducing RoW for InfraCos to N145

Governor of Imo State, Senator Hope Uzodimma has signed an Executive Order reducing the Right of Way (RoW) of telecommunication companies and mainly Infrastructure Companies (InfraCos) in the state. The reduction crashes the erstwhile exorbitant amount of N4,500 to the…

BUA Cement records 2019FY EPS decline of 5.3% y/y to NGN1.79/s

BUA Cement published 2019FY audited financials after the close of market yesterday, which showed that the company recorded a 2019FY EPS decline of 5.3% y/y to NGN1.79/s, mostly on input cost pressure as well as a tax charge incurred over…

Ecobank Group, Google delivering digital solutions for Ecobank’s SMEs customers

Ecobank Group (www.Ecobank.com), the pan-African Bank, in collaboration with Google is helping to equip African SMEs with the necessary digital skills to navigate the rapidly evolving business world. The aim is to assist African businesses remain relevant and fulfil their…

ICT

Jeff Bezos trillionaire tale and Nigeria e-commerce

By Aliyu Yakubu America’s Jeff Bezos, founder of e-commerce giant, Amazon, is becoming a trillionaire in the midst of COVID-19 global pandemic. This is both good and bad news. Good news because it is the reward of foresight and tenacity….

Konga logo 88
ICT

Konga commits to feed Nigeria’s growing population with new partnership

Foremost composite e-commerce giant, Konga has partnered with UKAid funded Frontier Technology Livestreaming to deploy the power of e-commerce in reaching rural farmers across Nigeria’s vast landscape. Indeed, the partnership will see Konga – a major player in Africa’s biggest…

ICT

TD Africa revs distribution engine with brand-new logo

In consolidating its position as the biggest technology distributor in the sub-region, TD Africa has renewed its identity to better situate its glowing track record of unerring excellence. The company in the past 21 years has recorded tremendous growth and…

Heritage Bank disburses CBN’s N100bn loan to health

…Sells FX to SMEs, education sectors As part of proactive measures to cushion the effect of the COVID-19 and revamp the nation’s dwindling economy, Heritage Bank is set to disburse the N100billion set aside by the Central Bank of Nigeria…

Award of Train 7 contract good for Nigerian economy—Minister

The minister of State, Petroleum Resources, Chief Timipre Sylva, has described the recent sealing of LNG Train 7 deal as “A historic moment. Nigerians have long awaited the take-off of the Nigeria LNG Limited’s Train 7 Project because of its…

Shippers’ Council collaborates with NCDC on sensitization.

Nigerian Shippers’ Council is collaborating with the Nigerian Centre for Disease Control, NCDC, to contain the spread of COVID-19, particularly in the Maritime community in Nigeria. Starting today, the council will hand over hundreds of face masks and hand sanitizers…

Luxury Bus Owners Lament N12b Loss, Seeks Palliatives, Support

Association of Luxury Bus Owners of Nigeria (ALBON),on Tuesday, urged the Federal Government to help faciloitate loan facilities and other palliatives for its members. According to the Association, the loan facilities and palliatives will assist members overcome economic challenges associated…