Business Hilights

Tracking Nigeria's Headline Business News Online

Industry

Shelter Afrique set to hold 42nd AGM in Abuja next week

All is set for Nigeria to host Shelter Afrique’s 42nd Annual General Meeting, which will also cover a ministerial roundtable and some interlinked business activities as part of the proceedings, the pan- African housing development financier has disclosed. The event…

Expert contests Stanbic IBTC Bank’s report on Private Sector Rebound in April

Whereas a new study commissioned by the Stanbic IBTC Bank of Nigeria says that the private sector rebounded after March cash crunch, Dr Mike Adeola has disagreed with the report, saying “The Stanbic IBTC Report on recovery of the private…

Organised Private Sector of Nigeria rejects FG’s excise tax hike

The Organised Private Sector of Nigeria made up of the Manufacturers Association of Nigeria (MAN), the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the Nigeria Employers’ Consultative Association (NECA), the Nigerian Association of Small Scale Industries,…

NASS halts hurried concession of Ajaokuta Steel, Itakpe Iron Ore

The House of Representatives yesterday asked the Federal Government to suspend the ongoing process for the concession of the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company for proper stakeholder consultations. The House also asked its Committee…

Dangote pumps over $20bn to Pan-African Investments, seeks end to trade barriers

President of the Dangote Group and Africa’s foremost entrepreneur, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent. The leading private…

Egbin Power deepens Human Capacity, rewards Staff with prizes

Egbin Power Plc, the largest Power Generating station in Nigeria, has rewarded several employees with cash prizes and gifts worth millions of Naira for stellar performances and contributions leading to increased productivity and further growth of the business. The GenCo…

Shelter Afrique Seeks a Review of Key Statutory Documents

Pan-African housing development financier – Shelter Afrique is seeking to review and harmonize the statutory documents that established the institution, citing inconsistencies in its constitutive documents. The Company is also seeking a review of the host country agreement to incorporate…

CBN’s naira redesign policy worsened the informal sector—UN Report

Fresh revelations have emerged from the recent currency abracadabra carelessly stage-managed by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele in the name of currency redesign policy which did not only fail, but pushed the ailing economy further…

Industry

Dangote: Global synergies, Investments saved 12m lives from Malaria deaths

As the World Malaria Day is marked globally, President of Dangote Group and United Nations’ Malaria Ambassador for Nigeria, Aliko Dangote has called for joint actions by all stakeholders globally if the collective goal of the disease elimination by 2030…

Konga makes 2023 list of best 25 companies to work in Nigeria

Konga, Nigeria’s leading composite e-commerce giant, has been ranked among an exclusive list of 25 companies rated as the best place to work in Nigeria for 2023. The list, released by professional networking platform, LinkedIn, saw the Konga Group placed…