Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2023

AccessCorp reports 78.8% y/y increase in EPS to NGN6.92 (9M-21: NGN3.87)

Access Holdings Plc (ACCESSCORP) published its 9M-23 unaudited financial statements after the close of business yesterday (25 October), reporting a 78.8% y/y increase in EPS to NGN6.92 (9M-21: NGN3.87). This earning expansion was driven by the gains across the group’s…

NCDMB Warns Against Tampering the Petroleum Industry Act

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advised that making unending changes to the structures set up by Petroleum Industry Act 2021 could kill the confidence of investors and stall…

Fidelity Bank drives Nigeria’s Non-oil Exports with FITCC Houston

…Signs $40million deal with AFREXIM Bank and JohnVents Industries for cocoa export The much-anticipated second edition of the Fidelity International Trade and Creative Connect (FITCC) got off to a boisterous start on Tuesday, 24 October 2023 as leading financial institution…

FG working to resettle all IDPs—Minister

The Minister of State for Defence, His Excellency, Dr. Bello Muhammed Matawalle MON, has assured the Representative of the United Nations that the Federal Government is working out modalities to resettle returnees and the Internally Displaced Persons (IDPs) in Nigeria…

NCDMB’s Maintains Lead, Retains Top Position in Efficiency, Transparency

The Nigerian Content Development and Monitoring Board (NCDMB) has continued its streak of excellence in the delivery of its mandate as it has retained its position as the best Federal Agency in transparency and efficiency in business. In the 2023…

We are proud of Dangote- President Tinubu

…President understands role of private sector-GMD   The Dangote Group yesterday received a significant accolade from President Bola Ahmed Tinubu, who expressed Government’s position over the company’s numerous strides in Nigeria and across Africa. The Presidential recognition comes at the…

ICT

Atorj Tech., Cisco-Comstor to Bring Tech Solutions to Small Businesses

Atorj Technology Limited, a leading IT firm based in Ilupeju, Lagos, has partnered with global IT giants Cisco and a major Cisco distributor Westcon Comstor to bring advanced tech solutions to Small and Medium Businesses (SMBs) in Nigeria. The partnership…

Paris-bound ‘businessman’ excretes 93 wraps of heroin at Abuja airport

Operatives of the National Drug Law Enforcement Agency, NDLEA, have arrested a 40-year-old Madrid, Spain-based ‘businessman’, Sherif Egbo Ally at the Nnamdi Azikiwe International Airport, NAIA, Abuja while attempting to board an Air France flight to Paris, France, after they…

Trade Fair Complex remains shut as LASG to send reopening terms today

Strong indications emerged late Monday evening revealing that business owners at the shut Lagos International Trade Fair complex on Badagry Expressway may have to wait for another day (today) before the market would be reopened. Recall that the Lagos State…

Polaris Bank Supports Girl-Child Education, Partners Evolve Charity

…donates school essentials to secondary schools in Lagos State  In another display of its commitment to supporting the ‘Girl-Child Education Project’, a critical pillar of its Corporate Social Responsibility (CSR) framework, Polaris Bank, in partnership with Evolve Charity, a non-profit…