Business Hilights

Tracking Nigeria's Headline Business News Online

Industry

Equities on NGX open on strong footing as work resumes for 2023

In the first trading day of the year, yesterday, January 3, 2023, the Nigerian equities opened on a bright note as the benchmark index gained 0.67% to close at 51,595.66 points – the highest point since 22 July 2022. The positive performance…

A short take at CR 7’s minute-by-minute earnings this year

The Portuguese International and one of the best footballers ever, Cristiano Ronaldo, is to earn over N200m ($548,000) daily playing in oil-rich Saudi Arabia. At the end of the day, the figures speak, not acronym. Whether Pele, Messi, Ronaldo, these…

Foreign Vessels Violating Fishing Regulations, Orakwusi Reveals

The Chief Executive Officer, Morbod Group, Mrs Margaret Orakwusi, has alleged that fish poachers with foreign vessels fail to conform to rules and regulations on African waters. Orakwusi, explained that foreign vessels extract the bottom-to-the-top approach without considering the future….

Ajaokuta Steel: Avoid previous shrouded concessioning, Expert to FG

Due to the monumental failures of promises made by politicians especially during campaigns, a Development Economist, Ken Adedeji has cautioned the out-going administration not to conduct the kind of concessioning that is killing the nation’s power sector. He said handing…

Dangote Refinery Awards Scholarship To 460 Students

In continuation of its Corporate Social Responsibility (CSR) policy, Dangote Petroleum Refinery and Dangote Fertiliser Limited have awarded scholarships to 460 students of secondary schools and tertiary institutions from its host communities in Ibeju Lekki, Lagos State. The company said…

Dangote Cement’s CDP Climate Rating Moves up to B

African cement powerhouse, Dangote Cement Plc has had its Carbon Disclosure Project (CDP) rating raised from B- to B in recognition of the cement producer’s commitment to climate change. The rating upgrade indicates that Dangote Cement has addressed the environmental…

Ikot Ekpene: A Rough Diamond in The Rain Forest

By ‘Tourist’ Osita Chidoka I ran on the best pedestrian-friendly highway in Nigeria today in Ikot Ekpene. The road that leads to Uyo is a dual carriage highway and well-built with all road users considered. The pedestrian walkway had smooth…

Afreximbank Unveilss $100m quality assurance centre to end rejection of Agro exports

The African Export–Import Bank (Afreximbank) has completed the construction and inaugurated the African Quality Assurance Centre (AQAC), designed to save Nigeria from over $700 million losses in agro-export rejections. The bank inaugurated the AQAC, the first in its series in…

Dangote Cement Raises stake on CSR, Newsletter

Dangote Cement Plc, Ibese plant, has taken its social performance initiative a notch higher with the launch of multi-million naira Corporate Social Responsibility (CSR) projects for its host communities at the weekend During the event tagged “2022 Host Community Day”,…

LASG to digitize all land documentation for seamless transactions

All is set for Lagos State Government to digitise all land documents in the state so as to make it possible for investors and interested persons to access land information on government portals relating to properties and land in Lagos…