Business Hilights

Tracking Nigeria's Headline Business News Online

Month: August 2021

Africa must strengthen democratic institutions to drive economic growth – Adesina

Africa must strengthen its democratic institutions if it is to experience sustained economic growth and effective national transformation, Dr Akinwumi Adesina, President of the African Development Bank (AfDB) has averred. He said many institutional and governance deficiencies had for long…

(Special Report) MTN plans Nigeria’s first smart highway on 100km Onitsha-Enugu road

All is set for the introduction of smart expressways in Nigeria. This is coming on the heels of recent revelation by the leading telecom giant both in the continent and Nigeria, MTN that apart from taking over the Onitsha-Enugu Expressway…

UBA promoted REDTV’s Web Series, Assistant Madams Season 2 Premieres

All the stars came out this weekend for the exclusive premiere of REDTV’s latest web series, Assistant Madams, Dark Hearts. REDTV, the online network supported by the United Bank for Africa continues to make impact in the creative industry on…

Zenith Bank’s H1-21 interim financial report shows marginal earnings growth

ZENITH Bank released its H1-21 interim financial report on Friday (27th August), which showed that the bank recorded earnings growth, albeit marginal. This performance was primarily driven by the growth in non-interest income and supported by moderate improvement in funded…

ICT

NITDA Affirms Stakeholder Engagement in Re-Enacting the NITDA Act, 2007

The National Information Technology Development Agency (NITDA), in its efforts to ensure that Nigeria benefits maximally from the global digital economy, draws the attention of Information Technology sector stakeholders and the general public on its commencement of the process of…

Edo State, NIMASA to collaborate on Benin River Port project – Gov.

Gov. Godwin Obaseki of Edo says the state will partner with Nigerian Maritime Administration and Safety Agency (NIMASA) in actualising the Benin River port project. He made this known when the Director-General of NIMASA, Mr Bashir Jamoh, led other members…

Energy

Chevron Donate Medical Equipment to Community Hospitals in Delta State

In keeping with its Global Memorandum of Understanding (GMoU), the NNPC/ Chevron Nigeria Limited Joint Venture has donated modern medical equipment worth millions of Naira to the Oporoza and Tsekelewu Cottage hospitals in Egbema-Gbaramatu kingdoms as well as the Government…

Advans Nigeria bags Most Outstanding Customer-Centric Microfinance Bank of the Year Award

In recognition of its customer-centric credentials in product development, service delivery and brand management, Advans La Fayette Microfinance Bank has emerged winner of the Marketing Edge MostBrands and Advertising Awards of Excellenceheld in Lagos on Friday, August 27, 2021. The…

NPA launches ultra modern record complex in Lagos office

In order to sustain operational efficiency, the Management of the Nigerian Ports Authority (NPA) has commissioned a state-of-the-art ultra modern e-Documents Management and Records centre at its Corporate Headquarters in Marina Lagos. The Acting Managing Director of the Authority, Mohammed…

Dangote’s $2bn Petrochemical Plant to deliver 77 Grades of Polypropylene

Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene in the country. With a turnover of $1.2 billion, the 900,000 metric tonnes per annum capacity Dangote Petrochemical plant, situated…