Africa: MTN to inject $1bn of capital expenditure over the next 5 years
Africa’s telecoms giant, MTN Group has vowed to push in more funding into the growth of the industry in the continent for the next half decade. Speaking recently at the MTN Headquarters in Johannesburg, Group President and Chief Executive Officer…
US prefers Indian-American tycoon, Ajay Banga choice for W’Bank chief
United States President, Joe Biden has named Indian-American businessman Ajay Banga as the US pick to lead the World Bank. The move comes as the US increases pressure on the bank to put more emphasis on tackling climate change. Banga…
CBN steps up Corporate Governance in banks, reviews Mgt. tenure
The Central Bank of Nigeria (CBN) has reviewed the tenure of Executive Management and Non- Executive directors of Nigerian banks, a move it believes will strengthen their corporate governance structure. The apex bank said in the revised edition for banks…
NBPlc reports EPS of NGN1.58
Nigerian Breweries Plc (NB) published its 2022FY audited financials Friday, reporting an EPS of NGN1.58 (2021FY: NGN1.57). The achieved EPS (-38.5% variance from our estimates) was driven by the sturdy growth in revenue (+25.9% y/y). The board has proposed a…
FG silent as S’Africa Strengthens Solar Tax Incentives
Whereas the Federal Government is yet to understand the value in encouraging installation of solar powers by private individuals, South Africa’s Minister of Finance Enoch Godongwana has introduced two new tax measures to simplify and accelerate consumer adoption of solar…
Breaking! Nigeria exits IBF Unsafe Waters List
After periods of sustained efforts of the government and industry stakeholders, Nigeria has been removed from the list of countries designated as risk maritime nations by the International Bargaining Forum (IBF). This is a confirmation of the improved global ratings…
CSR: Ecobank, IITA partner to train youths in Agribusiness
Leading pan-African financial institution, Ecobank has raised the bar in the delivery of sustainable Corporate Social Responsibility (CSR) as it takes to youth’s empowerment in agriculture nationwide. This time, Business Hilights can authoritatively the bank is currently partnering with the…
Just in: Osinbajo-attracted Gateway Int’l Cargo Airport Ikenne tested
It was fanfare across Ogun State and Ikenne LGA in particular as the Gateway International Cargo Airport, Iperu-Ilishan Road, Ikenne, generally believed to have been attracted by their son, the Vice President, Prof. Yemi Osinbajo, conducted its Maiden Test Flight…
Simon Ekpa arrested, released Thursday, to appear before Police today, Friday
The pro-Biafra separatist agitator and opposition Sit-At-Home announcer, Simon Ekpa, who was arrested Thursday morning by Police in Finland and released after being questioned on a crime hours after he was arrested, has been directed to appear before the Police…
Edo, GeniServe sign MoU to lace all 18 LGAs with fibre optic cables
As part of drive to get all parts of the state connected, the Edo State Governor, Godwin Obaseki has entered a new partnership with leading data centre and ICT infrastructure firm, Geniserve Limited, to connect all 18 Local Government Areas…
