Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP). Chairman of Dangote Sugar Refinery Plc, Aliko Dangote stated this at the company’s 18th Annual General Meeting (AGM) held yesterday in Lagos, just as […]
Read More
Africa’s Global Bank, United Bank for Africa (UBA), on Thursday, held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young Africans were inducted into the UBA Tribe after a rigorous six-month hands-on-work and learning experience. The event, which was held in a grand ceremony in Eko Hotel, […]
Read More
The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in Lagos state. President of Dangote Group and Chairman of the foundation, Aliko Dangote, noted that the gesture is part of the over one million 10kg bags of rice that would be distributed to reach one […]
Read More
Nigeria’wholly indigenous conglomerate, Transnational Corporation Plc (Transcorp), has announced its financial results for the year ended December 31, 2023, delivering a robot performance as shown in profit before tax that rise to N58.8 billion, a growth of nearly 94 per cent from N30.4 billion reported in 2022 financial year. The group in its result and […]
Read More
Access Bank Plc has entered an agreement with the Kenyan-based KCB Group Plc (“KCB”) for the acquisition of the entire issued share capital of National Bank of Kenya Limited. The move is part of the vision of the late co-founder and former Group Chief Executive Officer, Herbert Wigwe. KBC is the holding company of KCB […]
Read More
The Central Bank of Nigeria has disclosed that it has successfully cleared all valid foreign exchange backlogs, effectively eliminating a legacy burden. This accomplishment fulfils a commitment made by CBN Governor, Mr Olayemi Cardoso, who vowed to address an inherited backlog of $7bn in claims. The announcement was made by the bank’s Acting Director of […]
Read More
Heirs Holdings has launched its irst-ever television commercial. The newly released television commercial (TVC) showcases the company’s diverse portfolio, spanning the power, energy, financial services, hospitality, real estate, healthcare and technology sectors while highlighting its commitment to driving positive change and sustainable development across Africa and beyond. With its compelling narrative, the commercial is […]
Read More
Dangote Refinery appears set to commence production of refined petroleum products with the receipt of the sixth batch of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of crude via MT ALMI SUN is the last cargo to complete the initial scheduled 6 million barrels […]
Read More
Management of Dangote Cement Plc has denied reports, in some online platforms that it has embarked on sales promotion and has further adjusted its prices. In response to what the conglomerate termed misleading report, the Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina described the reports as mischievous, malicious, and false. He […]
Read More
Dr. Olayemi Michael Cardoso who was recently nominated by President Bola Ahmed Tinubu for the position of the Governor of the Central Bank of Nigeria (CBN) on Friday 22, September, 2023, formally assumed duty, in an acting capacity. He is to act as the CBN Governor. pending his confirmation by the Senate. According to a […]
Read More
In its effort towards further ensuring seamless payment system, Africa;s global bank, United Bank for Africa (UBA) Plc, has introduced another innovative payment method, NQR, an indigenous QR-code-based payments and collections solution to enhance customers’ experience for merchants and buyers. The NQR payment system, the bank said in a statement, will enable Micro, Small and […]
Read More
Major universal banking institution, Access Bank Plc has reaffirmed its commitment to empower its customers, foster financial growth and continue to be the catalyst for their dreams. The Regional Director of the Bank, Abuja, Mrs. Neka Adogu, stated this during the launch of the DiamondXtra Season 15 reward scheme at the Nyanya branch of Access […]
Read More
