Dangote Sugar sinks billions to CSR schemes in Adamawa, Nasarawa
The Dangote Sugar Refinery Plc (DSR) has scaled up its social intervention programmes around host communities in Adamawa and Nasarawa States where its Backward Integration projects are located. The Group is investing hugely in raw sugar production as part of…
Price Vs Quality: The Nigerian e-commerce shopper’s dilemma
Terry Ibinabo By nature, Nigerians are predominantly traditional in their approach to shopping. This is hardly surprising when you consider that online shopping or e-commerce, as it is more popularly known, is a fairly recent phenomenon, one that is still…
Shea butter, vegetable oil import gulp $264m – RMRDC
The Raw Materials Research and Development Council has said Nigeria spent $264m on the importation of shea-butter and castor oil in 2021. Speaking at a strategic sectoral dialogue session on the future of the chemical and pharmaceutical industry in Nigeria…
AfCFTA’ll create opportunities, deepen financial inclusion – FG
The Federal Government has said the African Continental Free Trade Area (AfCFTA) will create $3.4trillion opportunity and also deepen financial technology space for the industry. President, Muhammadu Buhari said an expanding infrastructure and a growing financial technology were also new…
Nigeria’s inflation riots to 20.52% in August
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate rose to 20.52 per cent on a year-on-year basis in August from 19.64 percent last month. This is according to the NBS Consumer Price Index (CPI) and Inflation Report…
Shelter Afrique approves $19.5m credit line for housing projects in Nigeria
Pan-African housing development financier Shelter Afrique has extended USD19.5 million (₦8 billion) line of credit to Lagos-based real estate firm, Mixta Real Estate PLC. The 7-year facility with a moratorium of 24 months has been structured to co-finance Mixta’s affordable…
Shoppers rush for deals as Konga Mega Computing Sales ends Sunday
A huge surge has been recorded among bargain-hungry shoppers as Konga, Nigeria’s leading composite e-commerce giant, prepares to draw the curtains on its widely popular Mega Computing Sales. The promotion, a two-week-long sales fiesta offering best deals and unmatched discounts…
NIRSAL, NCC, NCDMB, NNPC, NLNG set for GOCOP 2022 Summit
The sixth annual conference of the Guild of Corporate Online Publishers (GOCOP) has continued to gain traction across sectors with partnerships being forged among key institutions in the country. Chairman, 2022 Conference Committee, Mr. Ken Ugbechie, disclosed that some notable…
Brain Exports Show new development path for Nigeria – PwC Report
Exporting Brain Capital to the global market will put Nigeria on the path to become a developed nation in record time. This is according to a new report by leading professional services firm, PwC Nigeria which analyses the best development…
AirtelAfri Drives All-Share Index Lower to Close at 49,644.92 points on Tuesday
The bears continued to dominate the Nigerian equities market as profit-taking activities in AIRTELAFRI (-2.0%) drove the All-Share Index 0.7% lower to close at 49,644.92 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -0.4% and +16.2%, respectively. The total…