Business Hilights

Tracking Nigeria's Headline Business News Online

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15 drug kingpins out of 3,412 offenders convicted in 2023– Marwa

Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) has said that a total of 15 drug kingpins out of 3, 412 offenders that were successfully prosecuted and convicted in 2023 bagged…

Tech integration, carried-over projects, welfare to cost Customs N706.4bn in 2024

The Nigeria Customs Service (NCS) has successfully defended its 2024 budget at the National Assembly, saying it plans to spend N706.43 billion for its operations in the year under review. The Comptroller-General of the Customs, Bashir Adewale Adeniyi, presented the…

Hyper Inflation can threaten Nigeria stability, peace if…, says NEF

The Northern Elders Forum (NEF), has expressed deep concerns about the unchecked rise in inflation in Nigeria, which is posing a significant threat to the well-being of its citizens. The cost of living has been steadily increasing, particularly in terms…

Nigerian Police, NASENI Partner To Boost Operational Efficiency

The National Agency for Science and Engineering Infrastructure (NASENI) has expressed its commitment to refurbish and revamp redundant operational assets of the Nigerian Police Force (NPF) such as vehicles, helicopters, confiscated and forfeited vehicles. This is part of moves to…

Construction work resumes at Lagos Trade Fair New Site, But…

The Executive Director/CEO of Lagos International Trade Fair Management Board (TFMB), Barr. Vera Ndanusa has approved resumption of halted construction activities at the new site of the complex for only plot owners who have met all given documentary validation processes…

Senegalese President describes Dangote as blessing to Senegal, Africa

President of the Republic of Senegal, His Excellency Macky Sall, has described Aliko Dangote, President of Dangote Group, as a blessing to Senegal and Africa as a whole. He lauded the entrepreneurial and philanthropic activities of the frontline businessman and…

FG celebrates Aliko Dangote on Award of Senegalese National Order of The Lion

President Bola Tinubu has congratulated Alhaji Aliko Dangote, President and Chief Executive Officer of Dangote Group, on the award of the National Order of the Lion by President Macky Sall of Senegal. The award is the highest order of Senegal…

Minister lauds Dangote Cement in promoting best practices, diversification

The Federal Government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication to promotion of best practices in all its operations. The commendation came even…

Presco Plc reports a standalone EPS of NGN6.95

Presco Plc (PRESCO) published its Q4-23 unaudited financials yesterday (30 January), reporting a standalone EPS of NGN6.95 (vs loss per share of NGN2.85 in Q4-22), underpinned by impressive revenue growth (+20.4% y/y), a decline in operating expenses (-35.9% y/y) and…

Relocation of CBN Depts., FAAN to drive efficiency—FG

The Federal Government has said that the relocation of the headquarters of the Federal Airports Authority of Nigeria (FAAN), and some departments of the Central Bank of Nigeria (CBN) will increase operational efficiency and reduce operating costs. In a statement,…