Africa Economy

Ncc

Shun Sale, Use of Non-Type Approved Devices-NCC Warns

The Nigerian Communications Commission (NCC), has warned traders and other stakeholders about the negative consequences of selling and purchasing phones and telecommunications gadgets that are not type approved by the Commission. The certification of telecom devices used in the telecom sector is one of the mandates of the NCC as enshrined in the Nigerian Communications […]

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Sea Port

Nigeria, Others African Countries May Lose U.S. Market Over Uneven AGOA Utilisation

As the 2025 expiry date of the African Growth and Opportunity Act (AGOA) nears, United States policymakers are considering if and how it should be extended, over concerns about uneven utilisation or poor reciprocity from African countries. Indeed, exports from Nigeria to the United States have fallen over the last few years, a trend an […]

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Dangote Pet

VCs Commend Dangote’s Impact on Nigeria’s Agricultural Revolution

President of Dangote Group, Aliko Dangote has been hailed as a foremost entrepreneur whose laudable interventions in the agricultural sector in Nigeria should be applauded and emulated by others. Many Nigerian University Vice Chancellors, under the auspices of Committee of Vice-Chancellors who were at the Dangote Fertiliser plant on a familiarisation visit over the weekend, […]

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Access Bank

Access Bank Expands Reach in Africa, Sets to Buy Standard Chartered’s Subsidiaries in 5 Countries

Standard Chartered Bank and Access Bank Plc have entered into agreements for the sale of Standard Chartered’s shares in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private and Business Banking business in Tanzania, to Access Bank. The announcement was made at Standard Chartered’s Headquarters in London yesterday in the […]

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Dangote Pet

Bloomberg Rates Dangote Africa’s Richest Man with $15.6bn; Emerges Only Nigerian Among Six Africans in Top 500 Index

President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index. Dangote, who remains the richest man in Africa for […]

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Abiola A

UBA Appoints First Female CEO For Africa Operations

The Board of Directors of the United Bank for Africa Plc, Africa’s Global Bank, today announces the appointment of Mrs. Abiola Bawuah, as Chief Executive Officer (CEO) of UBA Africa. Bawuah will also join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent, outside Nigeria. UBA operates in 19 […]

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Dangote

SERAS 2022 Sustainability Awards: Dangote Group Emerges ‘Overall Most Responsible Business, Cement, Sugar, Salt Units Also Bag Individual Awards

Africa’s foremost conglomerate the Dangote Group won the coveted ‘ Overall Most Responsible Business’ Award, just as three of its subsidiaries clinched awards at the 16th edition of the Sustainability, Entrepreneurship and Responsibility Awards (SERAS) held at the Oriental Hotel, Lekki, Lagos. At the well-attended event, which drew stakeholders across the industrial sector who had […]

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Dangote Pet

Dangote: Industrialized Nigeria Possible within 10 years

Business magnate and President of Dangote Group, Aliko Dangote has identified priority investments in infrastructure and core industries among other recommendations, as vital panaceas to boost Nigeria’s economy to its desired level among contemporary nations and in the world overall. Against the background of the declining fortune of the manufacturing sector, the Africa’s wealthiest man […]

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Uk

UK’s £95m Investment Plan to Benefit More than 4m Nigerians

The UK Foreign Secretary, James Cleverly, has disclosed a new investment plan, which includes a £95 million Propcom+ investment that is set to benefit at least four million Nigerians, including two million women, to increase productivity and adapt to the effects of climate change while at the same time reducing emissions. Cleverly made the announcement […]

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Obajana

Dangote:Acquisition of Obajana Cement Plant followed Due Process, Says, Company Incorporated in 1992, Disowns Kogi Govt Equity interest in Plant, Says Plant, Machinery Conceived, Designed, Procured, Built, Paid for Solely by DIL

The management of Dangote Industries Limited has insisted that its acquisition of the Obajana Cement Plc in 2002 followed due process, contrary to claims by the Kogi State government. The conglomerate asserted that Kogi State government has no equity interest in Obajana Cement Plc. It also stated that the company as a responsible corporate organisation […]

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Dangote Pet

Dangote Dismisses Alleged Involvement in Kogi Assembly Fire Outbreak

The management of Dangote Cement Factory in Obajana, Kogi State has denied the claim about its involvement in the fire outbreak in the Kogi State House of Assebly complex. In a statemement signed by the Group Chief Branding & Communications Officer Dangote Industries Limited Mr Anthony Chiejina, the company denied any complicity in the allegation, […]

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Dangote

NACCIMA, LCCI, Others: Closure of Dangote Cement Factory by Kogi Govt, Shocking, Hasty; Urge Truce

The Organised Private Sector (OPS) operators under the aegis of the National Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA) have berated the Kogi State government over the closure of Dangote Cement, Obajana Plant, describing the action as being hasty. This is just as Lagos and Abuja branches of the Chamber in separate […]

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