Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2021

ICT

2021 Museum Day: Danbatta Harps on Innovative Museums

The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has called for ingenious ways of collecting antiquities relevant to operations of various organizations in the country in order to preserve…

ICT

MTN Nigeria releases unaudited results for the half-year ended 30 June 2021

MTN Nigeria Communications Plc (MTN Nigeria) Friday announced its unaudited results for the half-year ended 30 June 2021, as well as plans to celebrate its 20th anniversary with numerous national impact projects. Salient Features Mobile subscribers declined by 7.6 million to…

Dangote Cement’s Q2-21 standalone PAT rose by 55.5% y/y to N101.92bn

DANGCEM published Q2-21 audited financials weekend. The result showed that the company delivered another stellar performance following the solid earnings reported in Q1-21. Q2-21 standalone PAT rose by 55.5% y/y to NGN101.92 billion while EPS grew by 53.9% y/y to…

Lafarge WAPCO’s standalone PAT grew by 25.7% y/y to N19.19bn

WAPCO published Q2-21 unaudited financials yesterday. Q2-21 standalone PAT grew by 25.7% y/y to NGN19.19 billion while EPS settled at NGN1.19/share, bringing H1-21 EPS to NGN1.76/share (+21.4% y/y).  The double-digit growth in PAT was driven by a combination of topline…

ICT

LG takes Smart Home Appliances to intimidating Dimension

…Unveils Stabilizer Free, Non Plumbing, Auto Restart To advance the functionality of today’s home appliances to a whole new level, LG Electronics is set to deliver an unparalleled level of performance and convenience into the home with enhanced features to…

Transcorp Plc ½ year report Shows Powerful Growth as Profit Leaps by 713%

Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the half-year ended June 2021, recording significant improvement across its major income lines. The Conglomerate with strategic investments in the Power, Hospitality, and Energy sectors, recorded a profit…

ICT

Revised AOL, Spectrum Pricing Regulations’ll deepen Telecoms Market—Danbatta

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has said that the ongoing amendments to two major regulatory instruments of the Commission will help in strengthening and ensuring a fair and competitive telecoms…

ICT

NITDA, NISS to raise forensic experts on national security

Shortage of manpower in forensic expert in the country has been described as one of the challenges mitigating against curbing the menace of cyber attacks, which the duo of National Information Technology Development Agency (NITDA) and National Institute for Security…

5G and others
ICT

ALTON boss, Adebayo redefines 5G technology, lists uses

Chairman of Association of Licensed Telecommunications Operators of Nigeria (ALTON), Engr. Gbenga Adebayo has given a clearer definition of 5G technology at the second Quarter Open Forum of the Industry Consumer Advisory Forum (ICAF) for the Year 2021 on Thursday,…

Nigeria-Cote D’ivoire working on stronger maritime trade relationship

The Nigerian Ports Authority (NPA) on behalf of the Federal Republic of Nigeria, is ready to nurture the country’s economic relations with the Republic of Cote d’Ivoire, most especially in the areas of Port and shipping operations, in order to…