Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2023

Poor infrastructure weakening surge in Electric Vehicle Adoption–Juniper Research

A new study from Juniper Research, the foremost experts in the sustainability & IoT market, has found that lack of public infrastructure is severely limiting EV (Electric Vehicle) adoption in urban environments. In particular, as flat and apartment owners typically…

Dangote Sugar reports standalone loss per share of NGN3.36

Dangote Sugar Refinery Plc (DANGSUGAR) released its Q2-22 unaudited financials yesterday, in which the company reported a standalone loss per share of NGN3.36 (vs EPS of NGN0.94 in Q2-22), resulting in a loss per share of NGN2.30 for H1-23 (vs…

ICT

Align with disruptive technologies, NCC tells business owners

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Garba Danbatta, has advised businesses to adjust to the potentials of disruptive technologies which have been adopted across the globe for enhanced productivity and sustainability. He told industry…

ICT

MTN Nigeria results show 67.1% y/y drop in standalone EPS to NGN1.38

MTN Nigeria Communications Plc (MTNN) released its Q2-23 unaudited results at the close of business on Friday (July 28), showing a 67.1% y/y decrease in standalone EPS to NGN1.38, bringing H1-23 EPS to NGN6.33 (Q2-22: NGN8.95). The dip in earnings…

ICT

NITDA unveils framework, targets 1m digital jobs

As part of moves to achieve 95 percent digital literacy by 2030 and aligning with the vision of President Bola Ahmed Tinubu to create over one million jobs for youths in the digital economy sector, the National Information Technology Development…

ICT

African Stars take centre stage on CNN African Voices Changemakers

African showbiz stars will take the centre stage on this weekend’s edition of the weekly television magazine, CNN African Voices Changemakers, sponsored by telecommunications service provider, Globacom. The guests on the 30-minutes magazine programme include the trio of Nigerian songwriter…

Seplat half-year results show success story that kept delivering

Rising from the clear excellent results for the first half of 2023 that Seplat has put its recent travails behind, delivering against its strategy despite the distractions faced as a handful of shareholders orchestrated jumped-up allegations against the company and…

Owerri-Mbaise-Obowo-Umuahia road getting fully delivered—Gov.

Governor Hope Uzodimma of Imo State has reassured that the timeframe for the completion of the Owerri-Mbaise-Obowo-Umuahia road construction remains sacrosanct.   The Governor did, Thursday evening, during an inspection at the ongoing construction on that critical corridor of the…

Guinness Nigeria Plc reports loss per share of NGN8.29

Guinness Nigeria Plc (GUINNESS) published its 2023FY audited results after market close yesterday (27 July), reporting a loss per share of NGN8.29 (vs EPS of NGN7.15 in 2022FY). The negative outturn in earnings resulted from higher net finance charges. GUINNESS…

ICT

NCC alerts on fake LinkedIn Account Impersonating CEO

Barely few hours after the unveiling of a book on Cyber Politics, written by its staff, Dr. Omoniyi Ibietan, the Nigerian Communications Commission (NCC) wishes to draw public attention to a fraudulent LinkedIn Account impersonating the person, and office of…