Emerging Lekki Seaport instigated traffic crisis’ll be worse than Apapa if…—Ogungbemi
The chairman of the Association of Maritime Truck Owners (AMTO), Remi Ogungbemi has speculated that going by the current nature of the Lekki-Epe-Eleko highway, chances are that the intractable Apapa traffic gridlocks may be a child’s play when it will…
Nigerians reject CBN plans to corner dormant account balances, unclaimed funds
The Central Bank of Nigeria’s (CBN) proposal that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account has begun to receive massive rejection from Nigerians. Already, many experts say…
UBA records 28.9% year-on-year growth in Q1-23 EPS
United Bank for Africa (UBA) released its Q1-23 interim financials after the close of business on Thursday, which showed that the bank recorded a 28.9% year-on-year growth in EPS for the period under review (Q1-23: NGN1.47 vs Q1-22: NGN1.14). The…
Just in: MTN, Apple Music to offer Six-Month Free Trial to customers
Leading telecom services provider in the country, MTN Nigeria has partnered with US-based digital music platform, Apple Music, to offer free access to a premium selection of songsas part of efforts to ensure customers can enjoy quality entertainment on the…
NGX, stakeholders working on solutions to deepen ETFs market
Nigerian Exchange Limited (NGX) in collaboration with key capital market stakeholders will be organising a workshop to address the major challenges and opportunities in the Exchange Traded Funds (ETFs) market. The NGX ETFs Conference themed “ETFs in the Nigerian Capital…
Ecobank’s Diaspora Banking gets new innovations
As part of Ecobank’s strategic banking support structures for Nigerians in Diaspora, the financial giant has come up with innovative and seamless digital options to drive homeward investments for Nigerians living in overseas. Latest in the stable include as follows:…
Just in: Dangote assures higher returns to shareholders, stakeholders @AGM
Chairman of Dangote Cement Plc, Aliko Dangote has guaranteed shareholders and other stakeholders of the company’s management’s resolve to keep the company profitable by leveraging on strategic innovations for the continuous growth of their investments. Speaking at the 14th Annual…
Just in: How Startups can win NITDA all-expenses paid 2023 GITEX in Dubai
The management of the National Information Technology Development Agency (NITDA) has opened portal for interested Startups who are eager to showcase their innovations at the fast approaching GITEX Dubai 2023 Expo. A document sighted by Business Hilights revealed that interested…
Promotion to Directorship at NIMASA merit based—DG
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Yusuf Jamoh, says the promotion of staff to all positions in the Agency, including Director, is merit based. Dr Jamoh who stated this in Lagos noted…
FG to raise gas flare penalties— SPE Chairman, Prof. Olafuyi
The Chairman, Society of Petroleum Engineers (SPE) Nigeria Council, Prof. Olalekan Olafuyi, has averred that the Federal Government may be working on raising gas flare penalties as Nigeria races towards achieving its commitment to the United Nations net zero goals…
