Business

Shareholders have strongly defended Africa’s foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt at demarketing Dangote Petroleum Refinery & Petrochemicals. The shareholders under the aegis of Pragmatic Shareholders …

Following its successful launch in 2019, with the selection of 100 students nationwide, the annual Stanbic IBTC University Scholarship programme has proven to be a launchpad for Nigeria’s brightest minds to advance academically; providing a supportive environment to for them to reach their full potential. To further extend its impact, Stanbic IBTC …

The Senate, on Tuesday, passed the Finance Act (amendment) Bill, 2024 to provide for the imposition of Windfall Tax, assessment and review of profit declarations. This followed the consideration and adoption of the report of the Senate Committee on Finance presented by its Chairman, Sen. Sani Musa. Presenting the report, …

Digital solutions provider, Globacom, has introduced a new customer-oriented offering, Glo Flex Win, through which subscribers can have fun and win cash by showcasing their intelligence. In a statement in Lagos, Globacom said, “subscribers will be presented with trivia questions, covering a wide range of topics from general knowledge to pop culture, and …

FirstBank, the West African premier financial institution and financial inclusion services provider announces its continuous VISA Cross Border and Summer campaign in partnership with VISA. The campaign, which commenced on 1 April 2024, is set to run until 31 August 2024 as a rewarding initiative for existing VISA Gold and …

The Board of Directors of SIFAX Group has approved the appointment of Mrs. Wunmi Eniola-Jegede as the Group Coordinating Director. Until this appointment, Eniola-Jegede was the Executive Director, Human Resources, Business Development, and Strategic Planning. In her new role, she will provide strategic leadership support to all the subsidiaries under …

  President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote to invest in Cement and Fertiliser production in Gabon. The President urged Dangote to explore potential investment opportunities in the country’s cement and fertilizer sectors, specifically urea and …

In spite of the challenging economic conditions and their adverse effects on businesses nationwide, Nigeria’s commercial banking, insurance, and telecommunications sectors have consistently maintained robust media relations, marketing strategies, and public awareness initiatives. Their success has been bolstered by the impressive data shared with the media in the second quarter, …

Fidelity Bank Plc has recorded an average annual profit growth of 64 per cent over the past three years, underlining its resilience as one of Nigeria’s fastest growing companies. The bank has also seen rapid expansion in customer base and assets as total balance sheet size leapt from N2.1 trillion …

This development comes as Dangote navigates a dispute with a key equity partner and ongoing regulatory issues in Nigeria. Aliko Dangote, Africa’s wealthiest individual, is considering a sale of his oil refinery to the Nigerian National Petroleum Company Limited (NNPCL). The refinery, which has a capacity of 650,000 barrels per …