Business Hilights

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Industry

High forex, insecurity aid collapse of cargo imports to 50%

The inability of the Federal Government to heed to the clamour for subsidised and special exchange rate for industries and manufacturing concerns has continued to take toll on the capacity of the real sector to sustain cargo imports. As a…

Dangote says cement price lower than prices across W’Africa

Following a recent viral video of a Nigerian comedian shouting that Dangote Cement is killing Nigerians with high cost of cement, management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories and…

(Special Report) What manner of backward integration in both cement, sugar?

Just like during the President Goodluck Jonathan era, Nigerians were fooled into believing that as soon as the country achieves backward integration in cement, the price will crash and housing supply will be enhanced. Fast-forward to current realities. Whereas the…

Like in Somalia, Congo, bandits now in control of mining sites in Zamfara, others

Banditry activities known for solid minerals mining sites in Somalia, Congo, Sierra Leone and Liberia, among other African countries may have started playing out in some states blessed with choice solid minerals like gold and Lead-Zinc and others in Nigeria…

Dangote Sugar not involved in price fixing, asserts strong participation in NSMP

Dangote Sugar Refinery PLC (DSR) is aware of an online publication claiming that Dangote Sugar Refinery PLC is engaging in price-fixing and is not honestly engaged in any Backward Integration Programme as claimed. DSR wishes to vehemently refute the allegations…

Dangote unveils driver’s training centre to curtail crashes

To reduce soaring cases of Road Traffic Crashes (RTC), the Dangote Cement Plc has launched a Drivers’ Training Centre located at the Dangote Cement Plant (DCP), Obajana, Kogi State. The new Centre is charged with the responsibility of attending to…

Dangote raises life status of 16,000 rural women in Kwara State

Aliko Dangote Foundation (ADF), on Wednesday, empowered a total of 16,000 women in all the 16 local government areas of Kwara State. Each of the 16 thousand rural women were given the sum of N10,000 each, to help boost their…

NCC open to strategic partnerships for Human Development – Danbatta

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has emphasised that the Commission will always be open to ideas, innovations and meaningful collaboration with strategic institutions for the development of human capacity in…

Greenpeace Africa fumes at Alarming UN Plastic Report Findings

The United Nations Environment Programme (UNEP) launched a scathing report about plastic and environmental inequality, which shows how countries within the Global South are being force-fed plastic pollution by wealthy countries. The report, titled Neglected: Environmental Justice Impacts of Plastic…

How Konga, e-Commerce are rescuing 23 million unemployed Nigerians

By Hassan Kuja Nigeria is currently mired in the throes of a worsening unemployment tide. As you read this, the situation is so bad that out of every three Nigerians you encounter, one of them is unemployed. Numbers wise, Nigeria’s…