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Narcotic epidemic, gambling craze rising to kill youths’ productive future—BH Survey

FRSC drunk officials

A new wave of double jeopardy is gradually building up amongst Nigerian young population especially in cities and schools to the detriment of the nation’s productive future, Business Hilights can authoritatively report. The first danger according our investigations is the craze to use very cheap but dangerous seductive medications while the second penetrating craze is lotto bet gambling whose shops ...

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‘2.3m youths applying for 300,000 N-Power jobs means rising unemployment’

Acting president, Prof Yemi

The revelation by the acting President, Yemi Osinbajo, last week Friday, that 2.3 million youths have so far applied for the remaining 300,000 jobs under the Federal Government’s N-Power scheme since the portal was reopened in June means that there are no new jobs created in the economy. Development Economist, Mr. Dipo Shonubi in an interview said “For up to ...

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Nigeria highest exporter of Sesame Seed to Japan, rakes in N13.03bn in 2016


Statistics from the Japan External Trade Organisation (JETRO) released by the deputy commissioner, Chiharu Yamamura has disclosed that that in 2016, Japan imported 54,276 metric tonnes of Sesame seed valued at ¥6.329m (Japanese Yen) from Nigeria, meaning that Nigeria is the highest exporter of the product to Japan within the period. Current international price of sesame seed is put at ...

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Dangote reveals plans to deepen investment in sugar, rice, diary with $4.6bn in 3 years

Dangote group

Leading quintessential African investor and President, Dangote Group, Alhaji Aliko Dangote has made public, fresh move to deepen presence in commercial agriculture in Nigeria. According to the new drive, the group is set to pump about $3.8bn in sugar and rice, and another $800m in dairy production in the next three years. On the company’s investments in dairy, industry analysts ...

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Lafarge Africa deepens construction solutions with ‘Easy Home’ scheme

Lafarge Africa 2

Leading indigenous cement producer, Lafarge Africa Plc, a member of LafargeHolcim, has taken its services in delivering construction and housing solutions to another with the unveiling of a target housing scheme tagged; ‘Easy Home’. Coming as ‘Build Easy, Lafarge Pragmatic Affordable Housing Solution’, the company during a media interactive session in Lagos said the plan of the new initiative is ...

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4,000 to 5,000MW of power very bad for Nigeria’s industrial quest—-BUA group boss


A member of the Nigeria Industrial Policy and Competitiveness Advisory Council (NIPCAC) committee, and Chairman of the BUA Group,  Abdulsamad Rabiu, has sounded it loud and clear that marking time around the power production capacity of 4,000 and 5,000MW has become a source of concern for the rising industrial quest in Nigeria. Explaining issues shortly after the end of the ...

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Commendations as FrieslandCampina WAMCO achieves backward integration for milk


Just like the feat achieved by Dangote Cement few years ago, leading milk and allied products group, FrieslandCampina WAMCO Nigeria, makers of Peak and Three Crown Milk brands has achieved backward integration in resources used in production of milk. Accordingly, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has commended the company for pioneering local milk sourcing and ...

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Why Fayemi’s ministry may not meet set targets of $27bn to GDP by 2025


Contrary to a new document unveiled by the Federal Ministry of Solid Minerals, showing that it will make the sector pump in about $27bn to the gross Domestic product (GDP) come 2025, leading analyst in the sector, Dr. Ibrahim Audu has described the claims as mere political gimmick to trick Nigerians. Audu said “yes the sector has all it takes ...

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Dangote Foundation alleviates sufferings of Ife clash victims with N50m


Dangote Foundation, the Corporate Social Responsibility (CSR) of Dangote has donated money and equipment worth over N50m to victims of the March 8 clash between Hausa and Yoruba persons in Ile-Ife. Managing Director of the Foundation, Mrs. Suera Yusuf, who represented Aliko Dangote during the handover of the cheque and other materials at the palace of the Ooni of Ife, ...

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Disruptions in Benue yam communities, exportation jerk up market price

Benue yam market

Contrary to the claims of the chairman, Technical Committee on Nigeria Yam Export Programme (TCNYE), Prof. Simon Irtwange that the exportation of yam will not affect local consumption of the produce and its price, indications have emerged that both the exportation and security disruptions from killer-Fulani herdsmen in yam communities are responsible for the high price of yam tubers across ...

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