Business Hilights

Tracking Nigeria's Headline Business News Online

Industry

Dangote, others made more income than loss in 2016—Bloomberg Report

The world’s wealthiest people are ended 2016 with $237 billion more than they had at the start, an indication that they may not have lost anything after all. Triggered by disappointing economic data from China at the beginning, the U.K.’s…

Maritime Africa Economic City get licence to drive Badagry Free Zone

Work will peak up very soon as the Nigeria Export Processing Zones Authority (NEPZA) has granted license to Nigeria’s emerging largest Free Trade Zone and Mega Port project tagged; the Maritime Africa Economic City otherwise known as the Badagry Free…

Feb to Dec 2016 worst in history of manufacturing in Nigeria—MAN

The President of Manufacturers Association of Nigeria (MAN), Dr. Frank Jacobs has weighed production activities in 2016 and noted that the last 11 months appeared to be the worst in the history of manufacturing in the country going by the…

CBN, SEC release fresh guidelines on securities settlement

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have issued guidelines for the settlement of all types of securities in the country. This is part of their statutory mandate of promoting and facilitating the development…

Former LASAA boss, Noah recounts near-death experience in new book

While the 2015 General Elections might have come and gone, psychological scars occasioned by some uncharitable events that played out in its build-up, still haunt many till this day. Otherwise, the personal experiences of Mr. George Noah, the immediate past…

New NBS population statistics raises dusts in all areas ahead of planned census

A new report jointly presented by National Population Commission (NPC) and the National Bureau of Statistics (NBS) have put the current figure of Nigeria’s population at 193,392,517, but associated data have raised serious questions on the authenticity of the statistical…

Ayade, Ita-Giwa, others laud Dangote on sponsorship of African Food Festival

Cross River State Governor, Professor Ben Ayade last weekend joined participants at the maiden African Food festival Calabar to commend Dangote Industries Ltd for sponsoring the event. The Governor represented by his wife, Dr. Linda Ayade who declared the food…

Nigerians not succumbing to recession, never say die—Dangote

Leading industrialist and President, Dangote Group, Alhaji Aliko Dangote has praised the doggedness of Nigerians in their collective efforts to win the war against recession in record time. He said the observed capabilities of every Nigerian in thinking outside the…

Lafarge deepens host communities relations, seals new deal in C/River

Leading indigenous building solutions manufacturer, Lafarge Africa Plc has stepped up host community relations in the South-South state of Cross River by sealing a Memorandum of Understanding (MOU) with newly constituted Community Relations Committee (CRC) to boost relations. Driven by…

Lekki Gardens boss, Ntong opens up on challenges of housing supply

The Managing Director of Lekki Gardens, Mr. Richard Nyong has listed some of the key problems facing major developers in housing industry in Nigeria and Lagos in particular. Top in the list according to him include access to approval, vague…