Business Hilights

Tracking Nigeria's Headline Business News Online

Month: May 2024

Nigeria’s headline inflation climbs to 33.69% in April

Nigeria’s headline inflation maintained its uptrend, rising by 49bps to 33.69% y/y in April (March: 33.20% y/y). The outturn is 129bps and 51bps lower than Cordros’ estimate (34.98% y/y) and Bloomberg’s median consensus estimate (34.20% y/y). However, on a month-on-month…

Chevron Drives Low Carbon Oil Production, Joins AOG 2024 as Platinum Sponsor

Multinational energy company Chevron has joined the Angola Oil & Gas (AOG) 2024 conference; Angola’s premier oil and gas event, scheduled for 2-3 October in Luanda – as a platinum sponsor. The company has been active in Angola for over…

ICT

NITDA, CISCO Seal MoU ON AI, Smart Agric, Others

The National Information Technology Development Agency has signed a Memorandum of Understanding, (MoU) with the Cisco System Incorporation to advance Nigeria’s digital transformation. Cisco’s Country Digital Acceleration (CDA) Programme is a global initiative that partners with government and private sector…

ICT

Embrace latest technology to secure the nation, Minister charges Army

The Minister of Defence, Muhammed Badaru, has urged the National Space Defence Administration to harness the power of emerging technologies to build a more secure and prosperous future for the nation and its people. This, he said, will enable the…

TotalEnergies to give access to clean cooking to 100m Africans, Indians

At the Clean Cooking Summit organized by the International Energy Agency (IEA), TotalEnergies announced its ambition of giving 100 million people in Africa and India access to clean cooking by 2030. TotalEnergies will therefore invest more than $400 million in…

ICT

Glo to school girls: Focus on leadership roles

School girls in Nigeria have been advised not to be deterred by challenges and fear but to aspire to leadership in whatever calling they chose to pursue. Digital services company, Globacom, made the remarks at the 2024 edition of Girls…

ICT

NDPC Reopens Portal for registering DPCOs in Nigeria

The Nigeria Data Protection Commission (NDPC) announces the reopening of registration for Organizations interested in becoming Data Protection Compliance Organizations (DPCOs). This decision comes as part of NDPC’s commitment to fostering a culture of accountability and transparency in data processing…

Halilu Tasks NASENI Finance Managers On Effective Management

The Executive Vice Chairman and Chief Executive Officer (EVC/CEO), National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu has underscored the importance of effective resource management, emphasizing the Agency’s responsibility in administering public funds for the benefit…

Dangote Cement places premium on Host communities partnership

Dangote Cement Plc, is prioritizing  community engagement, empowerment, and environmental stewardship to sustain its upward trajectory, The cement manufacturing firm said it believed that true progress is measured not only by economic prosperity but also by the holistic development of…

NIMASA Unveils New Minimum Wage Paper for Seafarers

The Nigerian Maritime Administration and Safety Agency (NIMASA) has launched the reviewed minimum wage document for Nigerian Seafarers, developed in line with the provisions of the Maritime Labour Convention MLC 2006. The document, which is for 2023-2025, is a product…