Nigerian Exchange Limited (NGX) has recorded its first Commercial Paper (CP) listing with the admission of Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its ₦500 billion Commercial Paper Issuance Programme. The two series, with a combined value of ₦119.87 billion, were admitted to […]
Category: Industry
Industry
Otedola’s Naira Forecast Achievable With Policy Discipline, Higher Oil Output — Experts
Financial and energy experts have said billionaire investor Femi Otedola’s projection that the naira could appreciate to below N1,000 per dollar is achievable, but only if Nigeria sustains higher crude oil production and enforces disciplined fiscal and monetary policies. The analysts, reacting to Otedola’s optimism following the […]
Weak Competition Keeps Nigeria’s Cement Prices High Despite Surplus Capacity – Report ………..Warns High Cement Prices Are Undermining Housing, Infrastructure Delivery
Weak competition and a highly concentrated market structure are the primary drivers of persistently high cement prices in Nigeria, despite the country’s surplus production capacity, according to a new report by Agora Policy, a Nigerian policy think tank. In its latest policy insight titled “Market Power and Failure of Competition […]
BUA Foods achieves 91% PAT growth in unaudited FY2025 results
BUA Foods PLC, a leading food manufacturing conglomerate in the West African subregion, has released its unaudited financial results for the year ended 31 December 2025. The results showed strong performances in key financial metrics, in line with market expectations. The Group’s combined revenue for the period was N1.80 […]
Nestlé Nigeria Launches N80m Golden Morn Nationwide Promo
Nestlé Nigeria Plc has launched an N80m nationwide consumer promotion for its Golden Morn cereal brand, offering cash prizes and household items to reward loyal consumers across the country. According to a statement from the company, the promotion, which runs from January 10 to April 15, 2026, […]
PENGASSAN Warns of Possible Escalation if Dangote Fails to Honour Agreements …Says Will Use “Every Instrument” to Defend Members
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that it will not hesitate to escalate actions if Dangote Refinery fails to honour commitments reached with the Federal Government in resolving recent disputes over the termination of workers. The union, which suspended its […]
PENGASSAN Strike: Economist Warns of Investor Concerns, Urges Attention to Low-Income Oil Workers
An economist, Kelvin Emmanuel, has criticised the ongoing strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), warning that the industrial dispute with the Dangote Refinery could undermine investor confidence in Nigeria. He also called on labour unions to shift greater focus toward the plight […]
Afreximbank, LCCI Partner to Empower Nigerian SMEs Through AfCFTA Opportunities
African Export-Import Bank (Afreximbank) and the Lagos Chamber of Commerce and Industry (LCCI) have strengthened partnership to boost the participation of Nigerian small and medium-sized enterprises (SMEs) in intra-African trade, underscoring the country’s drive to harness the benefits of the African Continental Free Trade Area (AfCFTA). The partnership, which supported […]
Nigeria Risks Growth Setback as FDI Slumps Despite Capital Inflows — LCC
The Lagos Chamber of Commerce and Industry (LCCI) has cautioned that Nigeria’s modest progress in easing inflation and attracting capital inflows could be undermined by surging business costs and a steep decline in Foreign Direct Investment (FDI), warning that the economy risks losing growth momentum if structural challenges persist. […]
Nigeria Taps $100m Saudi Nigeria Taps $100m Saudi Livestock Market Through Niger State Through Niger State
Nigeria has secured a major breakthrough in its non-oil export drive as Niger State Governor Mohammed Umaru Bago announced a $100m livestock offtake agreement with the Saudi Export and Import Bank to supply meat and related products to the Middle East. Bago, who made the disclosure at the […]