Business Hilights

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Commonwealth Day 2023 gets theme

The theme for Commonwealth Day 2023 is ‘Forging a sustainable and peaceful common future’. This was made public by the secretariat via the Commonwealth Secretary-General the Rt Hon Patricia Scotland, who averred that “Commonwealth Day is the annual celebration observed…

Housing giant, Shelter Afrique plans AGM in Abuja in May, visits Fashola

Nigerian Minister for Works and Housing, Hon. Babatunde Raji Fashola met Shelter Afrique delegation in Abuja, led by the Company’s Board Chairman Dr. Chii Akporji and Managing Director & CEO Mr. Thierno-Habib Hann, ahead of Shelter Afrique Annual General Meeting…

Dangote at Kaduna fair, seeks increased engagement to boost trade

Dangote Industries Limited, one of the sponsors of the 44th Kaduna International Trade Fair, has called for increased engagement that would boost trade in Kaduna State and its environs. According to a statement by the company, participants at the ongoing…

Manufacturers CEOs CIR raises fears of looming massive job loss

A new report of the Manufacturers Association of Nigeria (MAN) CEOs Confidence Index (CIR) has shown that the Nigerian Manufacturers’ employment rate will dip below benchmark points to 48.8 points in the first quarter of 2023. The latest CIR also…

Broad Inflationary Pressures to Remain Firm in the Near Term—Cordors Research

The National Bureau of Statistics (NBS) recently released the January 2023 inflation report, showing that consumers’ prices rose by 47bps to 21.82% y/y (December: 21.34% y/y) – the highest level since September 2005 (24.32% y/y). We attribute the elevated price…

Shelter Afrique delegation meets Fashola ahead of AGM

A delegation of Shelter Afrique, led by the Board Chairman Dr. Chii Akporji and Managing Director & CEO Mr. Thierno-Habib Hann has carried out a five-day working tour of the Nigerian market where the team held talks with several stakeholders,…

Men of God cleanse ASPMDA, prophesy greatness at 23rd Anniversary

Yesterday, Tuesday, February 14, 2023, it was pump and pageantry in Africa’s largest auto trading centre, the Auto Spare Parts and Machinery Dealers Association (ASPMDA), Lagos International trade Fair complex, Badagry Expressway as the group adopted thanksgiving and praise galore…

NGX All-Share Index sustains bullish run, up 0.24%

On Tuesday, February, 14, 2023, love did not flow rather, Nigerian equities extended the bullish run as the benchmark index gained 0.24% to settle at 54,496.31 points. Gains in MTNN (+1.49%), WAPCO (+0.77%) and ACCESSCORP (+1.09%), were the main drivers…

Ghana Varsity hits gold, turns plastic waste to gas, AGO, PMS

The Institute of Applied Science and Technology, of the College of Basic and Applied Sciences, University of Ghana, has begun turning plastic wastes into three different kinds of fuel. It is producing petrol, diesel and gas from plastic waste. This…