Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

Heritage Bank’s Refinery for human resources tailored to tutor world class bankers

No doubt, training and retraining of corporate workers remain the growth livewire of every business sector and in the banking industry in particular. The essence of tailored training provision according to experts includes building a human resource base that will…

How non-funded income growth, operational efficiency drove Zenith Bank’s profit

More strategic facts have emerged from the recently released Zenith Bank Plc.’s audited H1-19 result. Key take away from the result which seems to be in line with industry pundits was how non-funded income growth and operational efficiency drove profit…

How FG’s delays pushed interest on $1.9bn oil deal to $9bn throat cutting debt

Whereas the Federal Government Friday disclosed that steps are underway to halt the enforcement of a judgment of the United Kingdom, Business & Property Courts (the Commercial Court) awarding a cumulative sum of $9bn award against Nigeria and in favour…

GTBank on trajectory to post strong full year financial earnings—Cordros Capital

Leading corporate financial performance analysis group and stock market pundit, Cordros Capital, has projected that “GTBank’s result is strong, and should lead to the bank posting equally strong FY-19.” The group said in its latest market report that “We are…

How AB InBev’s Hero brand is changing Nigeria’s beer market narratives

Fact check showed the first strategic move by AB InBev in assuming a commanding status in the Nigerian beer market was the deal with the Onitsha based brewery, the original producers of Hero beer, a beverage so dear to many…

FG may move $1.66bn TCN loan to Siemens for Nigeria-Siemens 25,000MW deal

Strong indications emerged Wednesday that the Federal Government may rely on the yet to be spent $1.66bn secured by the Transmission Company of Nigeria (TCN) from the World Bank and other multilateral financing agencies to deliver the recent power delivery…

Sterling Bank plans summit to drive access to $1tn African agribusiness market

As part of drive to actualisation of the $1tn African agribusiness economy dream by 2030, Sterling Bank will next month, power a summit in Abuja for policy makers, development agencies, international financial institutions, and value chain players in agriculture on…

‘Market Doctor’ emerges overall winner of SME contest by Fidelity Bank

Fidelity Bank Plc has continued to show support for the growth and development of Small and Medium Enterprises (SMEs) in Nigeria. Recently in Lagos, it bankrolled the inaugural edition of the SME competition for players in the industry which saw,…

Customers’ weigh closing accounts in banks’ sealed by A’Ibom over tax evasion

The frustration that greeted bank customers’ who were denied banking services in Ecobank and Union Bank in Akwa Ibom weekend following their seal up by the state Internal Revenue Service has forced them to start thinking of moving their accounts…

Fidelity Bank flags off SME Funding Connect for businesses in Lagos, others

In keeping with its policy of driving growth in the informal sector, the management of Fidelity Bank Plc., has unveiled the Fidelity SME Funding Connect in Lagos. According to the bank, the idea is to serve as a catalyst in…