Business Hilights

Tracking Nigeria's Headline Business News Online

Industry

Tijani, Co-Creation Hub founder to star on CNN’s Inside Africa

On this week’s Inside Africa, CNN International showcases Nigeria’s entrepreneurial spirit, meeting four start-up stars who are improving the world from Africa’s largest tech hub. Firstly, the programme meets Olatunbosun“Bosun”Tijani, the brains behind one of Africa’s biggest networks of tech…

It’s wrong calculating Gencos tariff in USD—NLC President

President of the Nigeria Labour Congress (NLC), Ayuba Wabba and the leadership of the organised labour has berated the Federal Government’s resort to international economic indices to determine domestic electricity tariff. In his remarks, Wabba averred that something was inherently…

Heineken raises N3.06b for full takeover of Champion Breweries

Heineken B.V, the majority core investor in Nigerian Breweries Plc and Champion Breweries Plc, may soon launch a full takeover bid for minority shares in Champion Breweries after the global breweries giant closed a N4.95b deal to increase its majority…

Super rare diamond sets world record

In November 2020 Christie’s made jewellery auction history. A rare rectangular-cut fancy purplish-red diamond ring of 1.05 carats, sold for $2.77 million – establishing a house and worldwide record of price per carat for a diamond of that colour. Business…

Dangote Cement delivers first tranche of share buyback

Leading African cement lord,  Dangote Cement Plc has announced the completion of the first tranche of its share buyback programme. According to a statement by the Deputy Company Secretary, Edward Imoedemhe, the commencement date was December 30, 2020 while completion…

CAC boss, mute on troublesome ‘Consent’ getting process for NGOs registration

The key challenge that has remained the major complain of lawyers and others wishing to register associations including NGOs, Churches and related bodies at the CAC has been the new twist suddenly smuggled in as a policy by the Commission…

(Special Report) ESPWP: Before we unknowingly create fresh terrorists at LGAs

After several postponements, the Federal Government earlier this week flagged off its planned recruitment of 1,000 itinerant, unskilled workers in each of the 774 Local Government Areas (LGA), in the country from January 2021 to last only for three months…

Intels still strong, performing even as former VP, Atiku divests—Company

Following series of deals that began in December 2018 and concluded in 2020, core investor in Intels Nigeria Ltd., an oil and gas logistics company and former Vice President, Alhaji Atiku Abubakar has moved his stakes away from the company….

BUA jumps capacity, plans $1.05bn cement plants in Sokoto, Edo, Adamawa

Consolidating indigenous cement producer and merchant, BUA Cement, has sealed fresh construction deal with Sinoma CBMI of China for the construction of three new cement plants of three million tonnes each per annum in Edo, Sokoto and Adamawa states of…

Rice, Poultry farmers kick as Buhari reopens major Nigerian land borders

Following the immediate reopening of shut Nigerian land borders by the presidency Wednesday, two leading agricultural bodies, the Rice Farmers Association of Nigeria (RIFAN) and Poultry Farmers of Nigeria (PFoN), have roundly condemned the move. According to them in two…