Business Hilights

Tracking Nigeria's Headline Business News Online

Month: January 2024

Glo 88

Just in: How Glo, MTN reconciled their debt from N7.05bn to N2.3bn

Leading telecom giants, Globacom and MTN Nigeria have resolved their interconnect fee debt differences on the back of NCC provided window in record time. It would be recalled MTN had slammed a whopping sum of over N7.05 billion on Glo,…


New NCC Report shows rising Active Voice, Internet Usage, Drop in Teledensity

Latest telecommunications statistical indicators released by the Nigerian Communications Commission (NCC), Nigeria show that the nation is witnessing a steady increase in active voice and internet subscriptions, including a drop in teledensity. Already, the report has been adjusted to reflect…

See list of CBN Departs. Heading to Lagos from Friday

From Business Hilights findings, listed hereunder are departments the Central Bank of Nigeria relocating to Lagos from Friday, Feb. 2nd, 2024. Banking supervision Other financial institutions supervision Consumer protection department Payment system management department Financial policy regulations department.

TotalEnergies Marketing Nigeria Plc 2023FY EPS settles lower at NGN38.09

TotalEnergies Marketing Nigeria Plc (TOTAL) published its Q4-23 unaudited financials yesterday (January 29), reporting a 41.6% y/y decline in standalone EPS to NGN6.22 in Q4-23 (Q4-22: NGN10.64) undermined mainly by an uptick in net finance cost (+139.6% y/y) and FX…

Relief as CBN clears payment of verified FX claims by airlines

The Central Bank of Nigeria (CBN), said it had fulfilled its pledge to clear the backlog of foreign exchange owed foreign airlines in the country. The apex bank said it did this by paying all verified claims with an additional…

NNPC Ltd Woos South Korean Investors for Gas Projects

…Felicitates Temile Devt. Company on Acquisition of LPG Carrier The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The…


Understanding Soludo’s E-Government Awards in Kano

Anambra State’s ascent to technological excellence reached new heights as it clinched the First Runner-up position in E-Government Implementation at the recent 11th National Council on Communication, Innovation, and Digital Economy (NCCIDE) meeting held in Kano. The award not only…

Konga logo 88

Discounts Await Shoppers As Konga Hosts Monthly Live Auction Event

Leading e-commerce group, Konga is set to delight shoppers with its highly anticipated Live Auction at 2pm on the 5th February, 2024, and subsequently on the first Monday of every month. This event marks Konga’s dedication to providing customers with…

Customs WMC rakes in over 4,000 parcels of illicit drugs in 1 month

In its continued efforts to purge the Western Waterways of the offensive activities of smuggling, the Western Marine Command (WMC) of Nigeria Customs Service (NCS), has intercepted and seized 51 Sacks containing 4,070 parcels of Cannabis Sativa in January 2024….

Relocation of CBN Depts., FAAN to drive efficiency—FG

The Federal Government has said that the relocation of the headquarters of the Federal Airports Authority of Nigeria (FAAN), and some departments of the Central Bank of Nigeria (CBN) will increase operational efficiency and reduce operating costs. In a statement,…