Business Hilights

Tracking Nigeria's Headline Business News Online

Industry

UNIDO, EIB to deepen cooperation on sustainable industrial dev.

UNIDO and EIB sign a Joint Declaration to strengthen cooperation Focus on circular economy, clean energy, climate change action and access to finance Initial focus on Africa, Caribbean and Pacific (ACP) countries Meeting at the EIB’s headquarters in Luxembourg, Gerd…

P+ Measurement Services to host the 19th Edition of EvaluatePR today

In its continuous quest to evaluate and sustain communication and Public Relation best practices across the globe, and also proffer solutions to persisting issues. A leading media intelligence agency, P+ Measurement Services is set to host its quarterly edition of…

Dangote’s $2.5bn Fertiliser plant huge fillip to Nigeria’s agro sector—Buhari

…surprised at scale of investment President Muhammadu Buhari Tuesday, commissioned the new 3 million Metric Tonnes capacity per annum state-of-the-art Dangote Fertiliser Urea Plant, describing the project as a huge fillip to Nigeria’s agricultural sector. Business Hilights recalls that the…

The Netherlands, EIB scale up support for water, sanitation projects in countries

EUR 25 million new Dutch government support for EIB managed Water Sector Fund agreed at World Water Forum Dutch Special Envoy for International Water Affairs and EIB Vice President confirm strengthened cooperation New funding will help to deliver sustainable water…

Nigerian Breweries Plc shows impressive earnings in its 2021FY results

Nigerian Breweries Plc (NB) delivered impressive earnings in its 2021FY results, reporting EPS of NGN1.58 (+72.0% y/y). The achieved EPS is 11.6% above our 2021FY estimate of NGN1.42, owing to the strong topline growth (+29.7% y/y) and positive surprise in…

Food processing companies commit to micronutrient fortification

…As Dangote Sugar wins food fortification award With mounting nutritional challenges facing millions of Nigerians, especially in the wake of the COVID-19 pandemic, private sector operators in the food processing industries, as well as government regulating agencies have pledged commitment…

Nigeria’s headline inflation rises to 15.70% y/y

Nigeria’s headline inflation reversed the previous months’ downtrend, as it expanded by 10bps in February to 15.70% y/y (January: 15.60% y/y). The outturn is in line with Bloomberg’s median consensus estimate (15.70% y/y). On a month-on-month basis, headline inflation rose…

Industry

IWD: Dangote assures more Investment in Women Empowerment

Dangote Group has reiterated its commitment to continue supporting all forms of investments that would help develop and empower the women personnel within the organisation in Nigeria and across its pan-African operations. To commemorate the annual global International Women’s Day,…

Dangote alone cannot fix Nigeria’s road infrastructure – NASS

The problems of road infrastructure in Nigeria cannot be fixed by the Dangote Group alone, members of the House of Representatives have said. Speaking during a working visit of the House Committee on Federal Road Safety Commission to the Dangote…

Aviation, MAN hit by jumping rise in fuel prices

Strong indications have emerged revealing that industrial productivity and aviation activities are heading to disruption due to jumping rise in aviation fuel, Jet A1 and Diesel, AGO. Already, the price of aviation fuel rose by 35 per cent from N430/litre…