Business Hilights

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Business Hilights

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TELECOM-A4A1, NCC in Broadband tariff counter claims

Less than one week after the telecoms regulator, the Nigerian Communications Commission (NCC), claimed that telecoms tariffs in Nigeria, both voice and data remain the lowest globally, the 2017 Affordability Report from the Alliance for Affordable Internet (A4AI), revealed that…

Is it that Kachukwu’s petition on NNPC’s $26bn contract scam is dead?

Not so long ago, a highly worded and revealing petition written by the Minister of State for Petroleum Resources, Ibe Kachikwu, to President Muhammadu Buhari leaked to the media and elicited discordant reactions. Leading position of the petition alleged breach…

Deploying meter bypass trackers’ll end power theft, grow Discos’ profitability

Beyond issuing an executive order that illegal connection of electricity by way of meter bypass will attract between N45,000 to N500,000, Discos seem to have stepped up their efforts to deny in the first instance chances of bypassing meters by…

UNN graduating students’ fault Emefiele’s lecture presentation

…Call for making entrepreneurial skill a core-course for all  Mixed reactions have continued to trail lead presentation of the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele at the 47th Convocation Lecture of the University of Nigeria, Nsukka, Enugu…

Why UBA Congo, Tchad, Gabon, Senegal emerged Best Banks’ of the Year—Uzoka

The group managing director/chief executive officer, UBA Plc, Mr. Kennedy Uzoka, has revealed more insights on why his bank raked in national laurels as Best Bank of the Year in Congo, Tchad, Gabon and Senegal at the Bankers Award in…

Ecobank wins ‘Bank of the Year’ awards in 5 African countries

Another pan African financial institution that joined in sweeping the recent prestigious Bankers’ Awards is Ecobank Transnational Incorporated. This stemmed from the fact that Pan African financial institution doing business in many African economies won “Bank of the Year” awards…

Rising states IGR supporting need for restructuring ahead 2019 elections

Strong indication emerged Friday last week, showing that several states who hitherto do not give credence to Internally Generated Revenue (IGR), have stepped up their drive and have made good returns. Analysts say, the development which is salutary to restructuring…

Why Nigeria lost election into IMO Council in London

More details have emerged on why Nigeria lost out in the recently conducted elections into the International Maritime Organization (IMO) category C Council seat. The worst is that the lost came at a time Nigerian delegation of 36-man led by…

Travel documents, traffickers’ cartel frustrating presidential order on Libyan returnees

Two external factors and one home reason have been adduced by international experts as key issues holding back the immediate implementation of President Muhammadu Buhari’s presidential order to evacuate all Nigerians stranded in Libya. Buhari had earlier last week at…

Lafarge Africa sees Rights Issue as step to capacity expansion, profitability

Leading indigenous construction solutions providers, Lafarge Africa Plc, has described its planned rights issue at the floor of the Nigerian Stock Exchange (NSE) as another opportunity to boost investments and drive to capacity expansion feats capable of delivering good returns…