Twitter on Tuesday urged shareholders to endorse the $44 billion deal Elon Musk made to buy the online podium, setting a vote on the merger for September 13. The firm is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from the agreement,...
Shareholders of one of Africa’s largest manufacturing companies, BUA Cement Plc, have approved dividends of N88.047billion for its financial year ended December 31, 2021 at N2:60k per ordinary share of 50k each. This approval was given during the company’s 6th Annual General Meeting held in Abuja, and comes on the...
The failure of an overhead power line in southern Germany has paralysed production at Europe’s largest BMW plant, in Dingolfing, a company spokesperson said on Monday. Both the early and the late shifts were cancelled in the two assembly halls, with several thousand employees affected by the stoppage, the spokesperson...
Dangote Sugar Refinery Plc has declared a turnover of N276 billion for the financial year ended Dec. 31, 2021, translating to a 29 percent increase against the N214 billion recorded in 2020. Its Chairman, Aliko Dangote, said this at the company’s 16th Annual General Meeting (AGM, on Wednesday in Lagos. Mr...
The Minister of Information and Culture, Alhaji Lai Mohammed, has said BUA Cement's massive increase in production, especially since 2015, was made possible by the conducive business environment provided by the Federal Government. The Minister, who stated this during a media tour of BUA Cement's Sokoto Plant on Wednesday, listed...
The African Development Bank (AfDB) has approved a $1.5 billion emergency programme to alleviate the impact of worsening food insecurity due to the Ukraine war, its director said on Monday. About 20 million farmers on the continent will benefit from the fund as Africa faces a shortage of at least...
The Nigerian Breweries Plc has paid N416 billion since 2016 to become the highest tax-paying firm in the manufacturing industry in Nigeria, Chairman of the Board of Directors, Chief Kola Jamodu, has disclosed. Jamodu, who disclosed this during the commissioning ceremony of N56 billion expansion civil works at Ama Brewery...
Alhaji Aliko Dangote, President of Dangote Group, says the Dangote Refinery and Fertiliser projects will come on stream before the end of third quarter of this year. He said this when Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) led a delegation of the bank to the project...
analysts see prospects for growth, encourage corporate sponsorship for sustainability Stakeholders and entertainment actors in Edo State have valued the revenue accrued to the sector in 2021 to about N500 million owing to the growing opportunities and investment attracted to the creative and entertainment industry during the period. A cross-section...
Minister of Interior, Ogbeni Rauf Aregbesola, has charged the management of the Indorama Petrochemicals and Fertilizer Limited, Port Harcourt, to create a clear career path for their Nigerian staff through promotion, upgrade, conversion and advancement in their chosen fields. Ogbeni Aregbesola made the remarks on Monday when he paid a...