The African Examiner Towards meeting the national sugar master plan, Dangote Sugar Refinery Plc (DSR) is actively pursuing a backward integration policy with a target of producing a total of 1.5 million tonnes of sugar per annum locally from its subsidiaries. The company also plans to resume exports to selected West African countries in the […]
Ayo Balogun, Lagos The Lagos International Trade Fair ended on Sunday with traders and exhibitors complaining of poor sales despite high cost of acquiring space at the fair ground at the Tafawa Balewa Square (TBS), Lagos, Nigeria. The fair, which kicked off on 1 November, 2013 ended after 10 days of trading and exhibition of […]
Kayode Adelowokan, Lagos The Nigerian Council of Registered Insurance Brokers (NCRIB) has appealed to the National Insurance Commission (NICOM) to review the regime of penalties imposed on erring brokers. The Council president, Mr. Ayodapo Shoderu, said this during a courtesy visit to the Commissioner for Insurance, Mr Fola Daniel, in Abuja. Shoderu said there is […]
…Says No Company enjoys Monopoly on Lifting of Nigeria’s Crude The Management of the Nigerian National Petroleum Corporation, NNPC over the weekend denounced the recent report by Swiss -based NGO (The Berne Declaration) which accused the Corporation of collusion with some local and international oil traders to execute unfair industry practices. In a chat with Journalists […]
The African Examiner The Inspector-General of Police, IGP MD Abubakar, supported by United Bank for Africa (UBA) Plc, on Wednesday, unveiled an electronic anti-crime campaign jingle to air on national radio stations aimed at raising the awareness of Nigerians on how to tackle insecurity in the country. The campaign will discourage young Nigerians from engaging […]
Kayode Adelowokan, Lagos Association of Registered Insurance Agents of Nigeria (ARIAN) has appealed to insurance companies to give adequate and continuous training to their marketers so as to improve the level of insurance business, in the country. ARIAN national president, Mr. Kingsley Obuvie, who disclosed this today at a press briefing in Lagos, added that […]
Kayode Adelowokan, Lagos Pension Fund Administrator (PPFA) in Nigeria has blamed state governments for the major problem facing the contributory pension system (CPS) in the country. Mrs. Eno Umoh, Head of Business Development and Marketing, Trustfund Pensions Plc, disclosed this in Lagos while presenting a paper titled; “challenges of ensuring full compliance with the Pension […]
Kayode Adelowokan, Lagos The Federal Government has been advised to recognise the pivotal place of insurance in disaster management in the country. President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr Ayodapo Shoderu, said this during a courtesy visit by members of the Council to the management of the FCT Emergency Management Agency(FEMA) […]
The African Examiner, Three days into its commencement, the Pan African conglomerate, the Dangote Group has stamped its presence in a big way at the on-going Lagos International Trade Fair as the subsidiaries from the stable of the of the group dominated activities at the trade exhibition. To savor the various offerings announced by the […]
By Frank Omalapeh ECOBANK Transnational Incorporated (ETI), one of Nigeria’s frontline banks has appointed André Siaka as interim Chairman to head the Board of the bank with immediate effect. Erstwhile chairman of the board, Mr. Kolapo Lawson has been asked to step aside as he will retire from the board on the 31 December 2013. […]
By Eric Ojo, Pretoria In line with its mandate, the Association of International Financial & Investment Analysts has pledged to continue to promote and encourage professionalism and best practices amongst its members across the African continent. The association said it is poised to organize and facilitate training programmes regularly with a view to developing and […]
As an institution committed to creating best-in-class work environment for employees, United Bank for Africa (UBA) Plc at the weekend held the third edition of the Most Valuable Performer (MVP) recognition award ceremony designed to motivate and encourage individual staff performances toward the attainment of the bank’s corporate goals and business targets. A total of […]
As a measure of its growing influence in the continent, Dangote Group has emerged among Africa’s top 10 most valuable brands in 2013 in a survey conducted by African Business Magazine, a pan-African business magazine. Alh. Aliko Dangote In a survey tagged ‘The Brand Africa 100 table’, Dangote emerged as the most valuable brand in the consumer goods sector […]
The African Examiner Four decades of Nigeria’s food balance sheet history were filled with rhetorics, regrets and rots arising from a decline in local food production profile while the food import bill was on the rise. The vulnerability of Nigeria’s economy during this time was heightened by consumer’s behaviours, public policy inconsistencies premised on insensitivity […]
The African Examiner UBA Global Investor Services, a Division of United Bank for Africa (UBA) Plc set up in September 2007 to process securities trades, safe-keep financial assets and service associated portfolios has won this year’s Custodian Bank of the Year Award for Nigeria, 2013 by Acquisition International, an International financial research and investor information journal based […]
By Frank Omalapeh Guaranty Trust Bank, one of the Nigerian leading banks, has announced a 9 per cent percent increase in 2013 third quarter reports. The bank released its results to the Nigerian Stock Exchange (NSE) on Thursday in Lagos in compliance with the NSE rules of financial statements. In the reports, the bank’s revenue […]
By Frank Omalapeh, Lagos Market breadth closed positive on Wednesday as CONOIL leads the 26 gainers against the 25 losers led by COURTVILLE at end of Wednesday’s session, an impressive performance when compared with previous outlook. NSE ASI up +0.11% to close at 37,408.56 basis points, compared with the positive trend of +0.28% it recorded previously bringing Its Year-to-Date (YTD) return to settle at +33.23%. Similarly, the market capitalization […]
The African Examiner Following the successful mobilization of $9 billion investment in refining and petrochemical sub sector of the petroleum industry, President of Dangote Group, Aliko Dangote has declared that only an enabling environment provided by all stakeholders in the industry will ensure meaningful investment in local oil and gas industry and ensure sustainable growth and development of the […]
The number of people living in extreme poverty around the world has sharply declined over the past three decades, but it still includes roughly 400 million children, or one -third of those living in such abysmal conditions, according a new World Bank analysis released today that for the first time gives an in-depth profile of […]
The African Examiner, President of Dangote Group, Aliko Dangote has been appointed to co-chair 2014 World Economic Forum annual meeting in Davos-Kloster, Switzerland. The Executive Chairman of the World Economic Forum, Prof. Klaus Schwab in his invitation letter to the business mogul, said Aliko Dangote’s participation as co-chair will contribute significantly to the substance and […]
