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...
Telecommunication giant MTN on Tuesday closed its case over an alleged N300m copyright infringement suit involving an Abuja-based musician, Liberty Williams.
Nkeakam Abhulimen, a staff of MTN and Chris Anusa, a staff of Defcom Technologies, both appeared as witnesses for MTN at the Federal High Court, Abuja before Justice Ifeoma...
Nigerian startup airline, Rano Air, has reportedly secured four EMB-145LRs aircraft to start operations in 2022.
This was disclosed in some social media posts on Tuesday. Videos of the new aircraft were also uploaded on social media.
In January, the company applied for an Air Transport License (ATL) with the Nigerian...
Top billionaires across the world diversify their investments to countries with strong and rising currencies to avoid asset erosion.
Aliko Dangote, Africa’s richest man, on Thursday disclosed plans to diversify his investments to the New York, United States.
The billionaire will take office space in New York to help diversify his...
The Central Bank of Nigeria, CBN, digital currency, eNaira has recorded 200,000 volumes and four billion Naira value of transactions since its inauguration in 2021.
Godwin Emefiele, the CBN Governor said this on Thursday in Abuja at the grand finale of the “eNaira Hackathon”.
The News Agency of Nigeria reports that...
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...
says 34 countries, 20 milion farmers to benefit
The African Development Bank (AFDB) says it has put in place a $1.5b Emergency Food Production Facility to support food sufficiency in Africa.
The President of the AFDB, Dr. Akinwunmi Adesina, who stated this in an interview at the Governor's Office, Oke...
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...
Achieves Mechanical Completion, Flare Start-up of Refinery’s Area 5 Plant
The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC).
Rehabilitation work has been ongoing at the Refinery for over...
The World Bank on Friday approved debt relief for the poor and vulnerable member-countries of its International Development Agency (IDA) as the coronavirus pandemic continues to take a devastating toll on the global economy.
The World Bank Group President, David Malpass, announced the debt relief during the Spring 2020 Plenary...
