Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2023

Onyema Recognised for West African Capital Market impact

Oscar N. Onyema, has been recognised by the West African Securities Regulators Association (WASRA) for his contribution and support in shaping the integration of capital markets in the region and for being the first Chairman of the West African Capital…

Total Nigeria reports 48.9% y/y decline in standalone EPS to NGN5.99 in Q3-23

TOTAL published its Q3-23 unaudited financials on 26 October), reporting a 48.9% y/y decline in standalone EPS to NGN5.99 in Q3-23 (Q3-22: NGN11.71) – the lowest since Q4-20 (NGN5.14) – affected mainly by an uptick in net finance cost (+23.6%…

Industry

DANGCEM reports growth of 141.3% y/y in Q3-23 standalone PAT

DANGCEM published its Q3-23 unaudited financials yesterday (26 October), reporting stellar growth of 141.3% y/y in Q3-23 standalone PAT as EPS surged by 137.8% y/y to NGN5.48, bringing 9M-23 EPS to NGN16.08 (+29.6% y/y). The Q3-23 EPS print was boosted…

BREAKING: Shut Lagos Trade Fair complex reopened

The Lagos Waste Management Authrority (LAWMA), today, October 27, 2023, reopened the Lagos trade Fair complex it shut since Sunday, October 22, over sanitation infractions. Credible sources from LAWMA, the Trade Fair Management Board (TFMB) and the Trade Fair Stakeholders…

BREAKING: Shut Lagos Trade Fair complex set for reopening

Barring any last minute change in decision, there are very high levels of certainity that the massive Lagos International Trade Fair complex shut down by the Lagos Waste Management Authrority (LAWMA) since Sunday, October 22, over sanitation infractionsmay be reopened…

African Oil Producers Meet in Abuja, Chart Future for Industry

Amidst the threat of energy transition and dwindling funding of the hydrocarbon industry, 18 member countries of the African Petroleum Producers Organization (APPO) are attending the third edition of the Africa Local Content Roundtable to chart a pathway for the…

Egbin Power CSR commended

For demonstrating its commitment toward driving socio-economic development in its host communities, Egbin Power Plc has been commended by the Ijede Development Foundation (IDF) for its robust support towards advancing education in the community. The Group applauded Egbin Power at…

UNESCO Report: Africa, a new global fashion leader

Audrey Azoulay, UNESCO’s Director-General has unveiled a report which argues that the continent has all it takes to become one of the next global fashion leaders, if public decision-makers offer greater support to all those who work in the sector…

Konga unveils Nigeria’s Biggest Shopping Event, Yakata 2023

Konga, Africa’s leading e-commerce group, is thrilled to announce the launch of its highly anticipated Black Friday campaign; Konga Yakata! This month-long extravaganza of discounts and deals is set to take the online shopping experience to the next level from…

ICT

Technology can foster growth of capital markets- NGX CEO, Popoola

Technology has laid a foundation for the development of capital markets not only in Nigeria, but in Africa. This was the view of the Chief Executive Office, Nigerian Exchange Limited (NGX), Temi Popoola when he spoke at the West Africa…