More customers are reaping the reward of their loyalty and patronage of Dangote Cement in Nigeria as the company made over 100 of them instant millionaires across the country in a single day in the ongoing Dangote Cement Plc Bag of Goodies Consumer Promo Season 3. The presentation of cheques and other laudable gifts was done across the country on ... Read More »
Chief Executive Officer, of the National Petroleum Authority (NPA) of Ghana, Mustapha Abdul-Hamid, said the coming onstream of 650,000 barrels-per-day (bpd) Dangote Petroleum Refinery will transform the Ghanaian downstream sector through the reduction in the cost of importation of petroleum products into Ghana. Speaking at the 16th Oil Trading and Logistics Expo in Lagos with the theme: “Regulating Downstream Energy ... Read More »
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦169.7billion, representing an increase of 11.7% over ₦151.9billion recorded in the corresponding period ended September 2021. The ... Read More »
Announcement of a new core investor in Polaris Bank …A new Board and Management team appointed Lagos, October 22, 2022: Polaris Bank is pleased to announce that it has been notified of the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank (‘Polaris’ or ‘the Bank’) by Strategic Capital Investment Limited ... Read More »
…Says a ‘newly industrialized Nigeria within 10 years is possible 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 ... Read More »
BUA Group has replied Kogi State Assembly over threat to revoke 50,000 Hectares of land allocated to the company for development in 2012 over non-payment of compensation. The company has opted to have the Certificate of Occupancy revoked by the State in view of the fact that not only did lack of infrastructure to provide access to the land a ... Read More »
The Kogi House of Assembly has summoned cement manufacturing firm, BUA Group, over a 50,000-hectare land it allegedly acquired 10 years ago but has… The Kogi House of Assembly has summoned cement manufacturing firm, BUA Group, over a 50,000-hectare land it allegedly acquired 10 years ago but has yet to pay for it. The development comes amid the row with ... Read More »
•As international court says no reasons to stop arbitration The International Court of Arbitration administered by the International Chamber of Commerce (ICC), Paris, France has affirmed the legal and beneficial ownership of Sunrise Power and Transmission Company Limited (SPTCL) in the $5.8 billion Mambilla hydro-electric power project. Sunrise and its Chairman/Chief Executive Officer, Leno Adesanya had been involved in a ... Read More »
Fidelity Bank plc (“Fidelity Bank” or the “Bank”) announced today the redemption of the $400,000,000.00 Eurobond Notes due October 17, 2022. On October 17, 2017, the bank successfully issued a US$400 million 5-year Eurobond. The transaction also included a Tender Offer (the “Tender Offer” or “Offer”) for the refinancing of the Bank’s US300million Senior Unsecured Notes issued in May 2018. ... Read More »
There were huge scenes of jubilation among affected host communities following the Federal Government’s order for the immediate reopening of the Dangote Cement Plc plant at Obajana in Kogi State. Members of the host communities from Iwaa, Oyo, Obajana, and Apata who spoke to newsmen said they could now heave a sigh of relief as the consequences of shutting down ... Read More »
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