The management of the leading Pan African Cement Manufacturer, the Dangote Cement Plc has assured the government of Cameroon that it would help shore up local production of the vital product following the ban on importation of cement into Cameroon. The assurance came in the wake of the formal launching of the Company’s high grade […]
A Federal High Court sitting in Lagos has restrained Multi Choice Nigeria Limited, operators of the Digital Satellite Television, popularly known as DStv, from implementing its new rates and increase in tariffs payable by its subscribers across board. The restraining order was given by Justice C.J. Aneke sequel to a suit filed by two Lagos-based […]
As Nigerian stocks and bonds surged after Muhammadu Buhari won last weekend’s presidential election, one asset barely budged: the naira. The Nigerian currency has traded in a range of 198 to 200 per dollar since March 3, and remained anchored even as stocks jumped the most in five years and bond yields plunged to four-month lows. The […]
Africa’s leading indigenous conglomerate, Dangote Industries Limited has announced a multi-million dollar Joint Venture agreement with Saipem, the Italian engineering and construction giants. The agreement has given birth to a new company named Saipem-Dangote E&C. According to a statement from Dangote Group, the company, Saipem-Dangote E&C is a significant new player in the Nigerian and […]
*Sets N9,900 As Introductory Fare As part of its ongoing domestic route network expansion plans, Dana Air will on Tuesday, 24th March, commence daily flights to Owerri. The addition of Owerri brings the current route network coverage of the airline to five destinations – Lagos, Abuja, Port Harcourt, Uyo and Owerri. Announcing the scheduled commencement […]
FBN Holdings Plc has announced the appointment of Mr. Omatseyin Akene Ayida and Mrs. Bosede Adebola Osibogun as Non-Executive Directors on its board. The directors bring to bear several years of experience spanning the banking and financial services industry and their appointments are in tandem with FBNHoldings’ strategic focus to become the foremost financial services […]
As part of strategies aimed at consolidating on its successes, the management of the leading cement manufacturing company, Dangote Cement has announced the appointment of new Managing Director for the Company, Onne Van der Weijde. In his role, he will report to the Chairman of the Board of Directors of Dangote Cement. A statement from the Company said the appointment is […]
Ayodele Afolabi, Abuja – For exceeding the rice import quotas allocated to it and in the process owing the Federal Government N15 Billion, the House of Representatives on Thursday ordered an investigation of the Stallion Group and other companies granted rice import waivers under the new federal government’s rice policy. The resolution of the House […]
The present business climate in Nigeria has been described as the best time, to support the SMEs, as the survival of the economy depends largely on retail businesses. The Managing Director, Heritage Bank, Mr. Ifie Sekibo said this during the launch of new SME Finance Package – Paris Klub SME (PKS) Scheme. While speaking on […]
The management of Dangote Group has said that its focus now is to develop its multi-billion dollars new businesses to appreciable level this year to meet its completion timelines. The group is putting in place infrastructures for business projects such as Refinery, gas, fertilizer and rice production. Speaking at the weekend on the International Business […]
By Eric Ojo – As Nigeria grapples with the fears and pains of the current decline in the price of crude oil at the global market, the Taiwanese government has pledged to promote increased bilateral economic, trade and investment relationship between Nigeria and Taiwan. The Taiwanese government said the decline in the price of […]
For the fourth consecutive year, First Bank of Nigeria has been ranked number one banking brand in Nigeria by The Banker magazine of Financial Times and Brand Finance, London, United Kingdom in their annual 2015 The Top 500 Banking Brands. According to a press release by the Country Representative of The Banker magazine – Nigeria, […]
First Bank of Nigeria Limited, a subsidiary of FBN Holdings PLC and Nigeria’s most valuable bank brand today unveils FBNBank DR Congo, formerly registered as Banque Internationale de Credit (BIC). In 2011, FirstBank acquired 75% equity interest in BIC and immediately reinforced it as one of the strongest banking institutions in the DRC. Following the […]
Ebi Valerie Akpeti is the Manager, Corporate Communications of Promasidor Nigeria Limited, producer of Cowbell, Loya Milk, Onga, Top Tea, among other products. In this interview with Global Village Extra, Akpeti explains how the company has been able to sustain its CSR over the years. She spoke with DAMILARE OKUNOLA. Cowbell Mathematics Competition seems like […]
In line with the Central Bank of Nigeria (CBN) divestment regulations as unveiled some years ago, there is likelihood that a new generation Heritage Bank will soon formally unveil a grand plan to synthesize its operation with Enterprise Bank. Heritage Bank Managing Director, Mr. Ifie Sekibo, in his speech at the Board Divestment Closure ceremony, […]
Lagos, Nigeria, January 21st 2015- United Capital Plc. has released its authoritative and eagerly anticipated Nigerian Economy and Financial Markets 2015 report. The report provides a detailed review of the Nigerian market in 2014 with projections for 2015, commencing with a Global perspective and review of key African markets. It discusses the outlook for different […]
The Federal Government has slashed the pump price for petroleum product from N97 to N87 per litre as a result in fall in crude oil price. Petroleum Minister, Allison Madueke Announced the slash in price on Sunday in Abuja at a news conference saying it was due to the drop in global crude oil prices. […]
The Federal Government has marked out 13 National Strategic Export Products meant to replace the petroleum products which prices have continued to tumble on the international markets, threatening the stability of the Nigerian economy, Minister of Trade and Investments, Mr Olusegun Aganga has disclosed. This is part of the spirited moves by the government towards […]
The Securities and Exchange Commission (SEC) on Sunday announced the exit of Ms Arunma Oteh as the commission’s Director-General. The commission made the disclosure in a statement issued by its management and made available to the News Agency of Nigeria (NAN) in Lagos. It said that Oteh would be remembered for her passion, purpose, articulation […]
Collins Amadi, Port Harcourt – The Nigerian oil giant – Shell Petroleum Development Company of Nigeria Limited (SPDC) has agreed to pay a £55 million (about N15.3billion) compensation to the Bodo community, Rivers State, South South Nigeria, over two oil spill incidents in the area in 2008. In a release Wednesday by its Spokesperson, Precious […]
