Business Hilights

Tracking Nigeria's Headline Business News Online

Month: April 2022

ICT

MTN Nigeria holds AGM, votes dividend payment in total sum of N174.53bn

At the Annual General Meeting of MTN Nigeria Communications PLC (the Company or MTN Nigeria) held on Thursday, 28 April 2022 at the Rooftop Event Hall, MTN Plaza, Falomo, Ikoyi, Lagos; Members of the Company resolved that: The Audited Financial…

ICT

MTN Nigeria drives 31.3% y/y increase in PAT to NGN96.82bn

MTN Nigeria Communications Plc (MTNN) released its Q1-22 unaudited results this morning, April 29, 2022, showing a 31.3% y/y increase in PAT to NGN96.82 billion while EPS stood at NGN4.76 (+28.5% y/y). The growth in earnings was driven mainly by…

Zenith Bank records strong performance, extending supper finish in 2021FY

ZENITHBANK released Q1-22 numbers after the close of trading on 27th of Apri, which showed that the bank recorded a strong performance, extending the strong finish in 2021FY. The bank recorded a significant growth in gross earnings (+21.7% y/y to…

Total’s EPS growth driven mainly by solid revenue growth (+46.3% y/y)

TOTAL published its Q1-22 unaudited results yesterday (28 April), reporting EPS of NGN12.86 (Q1-21: NGN8.75), translating to a growth of 47.0% y/y. The EPS growth was driven mainly by solid revenue growth (+46.3% y/y) and moderation in net finance cost…

Konga logo 88
ICT

Konga Tech Week to host biggest tech deals of the year

Konga, Nigeria’s leading composite e-commerce giant, is set to host its annual Tech Week promotion, widely regarded as the biggest tech sale in the Nigerian shopping calendar. Konga Tech Week is set to run from Monday, May 9 to Friday,…

NGX boss commends Access Holdings contribution to Nigeria’s growth story

The Chief Executive Officer, Nigerian Exchange Limited (NGX), Temi Popoola, commended Access Holding Plc’s contribution to the Nigerian growth story and emphasized NGX’s commitment to collaborating with institutions driving growth in the Nigerian economy. This was made known during the…

Badagry Deep Seaport to generate $2.6bn yearly, 5,000 jobs—FG

The Federal Government has claimed that the yet to be completed Badagry Seaport is estimated to generate about 2.6 billion dollars and create 5,000 direct and indirect jobs when operational. Mr Micheal Ohiani, the Acting Director-General, Infrastructure Concession Regulatory Commission…

ICT

NCC deepening Colocation, Infrastructure Sharing Market Segment

The Nigerian Communications Commission (NCC) has commenced the process of conducting a study to assess the current level of competition in the colocation and infrastructure sharing (CIS) segment of the Nigerian telecommunications sector. Seventy-eight licensees are currently operating in that…

Recent study shows tech remote jobs pay more than onsite jobs

The tech careers startup Landing. Jobs has just released their latest study about global tech careers, the Global Tech Talent Trends. Landing. Jobs have just released their new study on global tech careers — the Global Tech Talent Trends (2022…

(Special Report) Hidden Impacts of Industrial Livestock Production Systems in Africa

As the Nigerian Government plans to revive livestock business, fresh research findings released by World Animal Protection has laid bare the most damaging human health impacts linked to industrial livestock production systems, including emergence of Antimicrobial Resistance (AMR), increased zoonotic…