Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2023

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ICT

Glo lunches new offer for MiFi, Router

Indigenous telecommunications giant, Globacom, has unveiled a novel MiFi and Router which connect up to 32 Wi-Fi-enabled devices including smartphones, tablets, laptops, smart TVs, and game consoles. “The offer gives subscribers FREE 60GB and 180 GB data upon purchase and…

Dangote lists N300bn Series 1 & 2 largest Bond on NGX, FMDQ

Nigeria’s leading industrial conglomerate, Dangote Industries Limited (DIL) has formally listed its N300 billion Series 1 and 2 bonds issued under the Dangote Industries Funding Plc during a grand listing ceremony at both the FMDQ and the Nigeria Exchange Limited…

ICT

NITDA supports Avocats Sans Frontiers France on Online Rights Protection

The National Digital Economy Policy and Strategy (NDEPS), aimed at achieving a safer cyber space, the National Information Technology Development Agency (NITDA), has thrown its weight behind the Avocats Sans Frontiers (ASF) France, on its move towards enhancing the digital…

CSR: NCDMB hands over renovated Science Lab in Bayelsa State

New infrastructure has landed at the Federal Science and Technical College, Tungbo, Bayelsa State courtesy of the Nigerian Content Development and Monitoring Board’s (NCDMB) large heart in deepening Corporate Social Responsibility (CSR) in its host state. The Agency, Tuesday commissioned…

Why China rejected Nigeria’s $22.8bn loan request

Fresh facts may have started to emerge on why the China-Exim Bank rejected the Federal Government’s $22.8bn loan request to build infrastructure. A development economist, Dr. Umoren Dada in an interview said part of the possible reasons why China refused…

APMT pays Shipper’s Council Courtesy visit, assures investment

Leading seaport terminal operator and international management team of APMT, Wednesday paid a courtesy visit to the leadership of the Nigerian Shipper’s Council (NSC) at its Apapa head office. Business Hilights recalls that APM Terminals is a port operating company…

ICT

Alibaba’s breakup opens fresh opportunities in China for investors—Green

The break-up of Alibaba, the Chinese mega-conglomerate, heralds the start of a wave of “enormous opportunities” in China for global investors, according to the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech…

Dangote Industries close gong to celebrate Bond listing at Exchange

L–R shows Anthony Chiejina, Group Head, Corporate Communications, Dangote Group; Bayo Rotimi, Managing Director, Greenwich Merchant Bank; Dr. Titilayo Fowokan, Group Head, Strategic Tax and Compliance, Dangote Group; Chuka Eseka, Vetiva Capital Management Limited; Tokunbo Aturamu, Head, Debt Capital Markets,…

ICT

Why Employee Collaboration is Key for Cybersecurity

Many will hate to admit it, but it seems that, perhaps, it has become quite lucrative these days to be a cybercriminal. Firstly, it is a thriving business. For instance, according to the FBI, there was a 207% increase in…

Zenith Bank reports 8.2% y/y decline in EPS to NGN7.14

Zenith Bank Plc (ZENITHBANK) released its 2022FY audited numbers after the close of business Tuesday, in which the group reported an 8.2% y/y decline in EPS to NGN7.14 (2021FY: NGN7.78). The moderation in 2022FY earnings was triggered by higher impairment…