Saturday, December 16, 2017
Business

Business

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-Speaks On Forbes Woman Africa “Against The Odds With Peace Hyde” South African billionaire, Wendy Appelbaum joins Peace Hyde on another exciting episode of Forbes Woman Africa’s “Against The Odds with Peace Hyde” in a conversation about sexism and the...
The Management of Dangote Group on Monday debunked a story alleging that the company will benefit 10-year tax holiday after constructing 35 km Apapa to Oworonshoki highway end of the Lagos-Ibadan Expressway. Speaking at the Ikoyi head office, on Monday,...
Dangote Cement Plc is among those considering counteroffers for PPC Group Ltd. that could signal a bidding contest for South Africa’s largest cement maker, according to people familiar with the matter. Dangote Cement Plc sees a bid for the Johannesburg-based...
The Federal Inland Revenue Service (FIRS) has closed down facilities belonging to MRS Oil and Gas Company Limited over a tax debt of N497.1 million. The FIRS team led by Anita Erinne had on Wednesday ordered the main gates to the company, located...
The Federal Government has said it relies heavily on the Dangote refinery to fulfil its promise to Nigerians to end fuel importation by December 2019. To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited...
Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In the financials released on the floor of the Nigerian Stock...
A businessman and Chairman of Ocean Marine Security Limited, Capt. Hosa Okunbo, has said he cannot be blackmailed by people who know nothing about his involvement in the oil sector over the controversial offshore processing agreements (OPAs) – oil...
Sayyu Dantata, Chairman of MRS Oil has tendered his resignation as chairman of the company. In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil said Dantata will be replaced by Patrice Alberti. The letter signed...
Emerging Markets Telecommunication Services Ltd. (EMTS) trading as Etisalat Nigeria on Tuesday informed its customers that the change of brand name will not affect its operations. Mr Ibrahim Dikko, the Vice President, Regulatory and Corporate Affairs, EMTS made this known...
The African Export Import (AFREXIM) Bank has signed a $1billion memorandum of understanding (MoU) with the Dangote Group of Companies at the 24th Annual General Meeting of the bank holding in Kigali, Rwanda. AFREXIM Bank's president, Dr. Paul Oramah, said...
A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15. The takeover followed the collapse of the effort by Emerging Markets Telecommunications Services, EMTS,...
The Nigerian Communications Commission (NCC) said internet users in the Nigeria stood at 90 million in April. The telecommunications industry regulator made the disclosure in its Monthly Internet Subscribers Data made available in its website today in Lagos. The data indicated...
SunTrust Bank has debunked the claim that the bank failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. It would be recalled that the protest by legislative aides was triggered by the...
The United Bank for Africa Plc (UBA) has announced that it has successfully raised $500 million though a debut Eurobond, which was 240 per cent oversubscribed. The bank, in a statement Monday, said the significant investor demand reflected the strong...
On the season finale of the exciting flagship Forbes Africa TV Show, Forbes Africa profiles Ghanaian serial entrepreneur, Papa Kwesi Nduom, founder of Groupe Nduom, with over 60 companies in its portfolio. Joining the elite guest roaster of the amazing...
Shareholders at the weekend in Lagos applauded the Dangote Flour Mills return to profitability after posting a profit before tax of N11.82bn for its financial year ended December 31, 2016.  The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing...
The federal government recorded over N6 billion from lottery proceeds in the last five years, the National Lottery Regulatory Commission (NLRC), has said. The Commission also disclosed that the government is already spending over a billion naira out of the...
Ayodeji Adeyemi, the Country Rep of Air Peace in Ghana in a short interview with journalists that visited  the airline's office in Accra to congratulate them for the honour they received last week at the African Women Intercultural Dialogue,...
Contrary to report making the round, Sterling Bank Plc, has said that it did not sack 650 staff but only returned them to service providers that had earlier assigned them to work with the bank. The company made the clarifications...
Access Bank on Thursday announced impressive performance in all performance indicators as shown by its unaudited result for the first quarter which ended on March 31, 2017. The bank posted profit after tax of N26 billion during the period compared with...
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