Category: Business
South African investor buys more Zenith, Access shares
Allan Gray Ltd., the largest manager of non-government investment funds in Africa, has increased its stake in Nigeria's Zenith and Access banks. The S [...]
Sahara Group moves to end shortage of cooking gas
MT Africa Gas and MT Sahara Gas are set to commence voyage of the newly-built Liquefied Petroleum Gas (LPG) Vessels operations that will see them bert [...]
Skye Bank EDs resign voluntarily
Skye Bank has announced the voluntary resignation of some of its Executive Directors from the services of the Bank. The Directors who had served in Ex [...]
University of Agriculture, Umudike discovers cure for HIV/AIDS
Prof. Francis Otunta, the Vice Chancellor, Michael Okpara University of Agriculture, Umudike, Abia State, has confirmed the discovery of a new drug fo [...]
Sola David-Borha resigns as CEO Stanbic IBTC, moves to Standard Bank
Sola David-Borha who has led Stanbic-IBTC bank from 2012 till date, has resigned to take up a new role with Standard Bank Group in South Africa. Her r [...]
Heritage Bank goes on disengagement spree
Just last December, Heritage bank embarked on mass retrenchment when it sacked 400 staff and there are indications that more workers have been pencile [...]
Dangote floats truck assembly plant in Lagos
Dangote Group of Companies has established a $100million truck assembly plant in Lagos, in partnership with National Heavy Duty Truck Group Company Li [...]
NUPENG suspends warning strike
The Nigeria Union of Natural Gas Workers has called off the three days warning strike it commenced on Tuesday to protest anti-labour practices in the [...]
Senate rejects ban on importation of cars through land borders
The Senate has called for the reversal of the Federal Government’s policy banning the importation of cars through land borders. The ban took effect fr [...]
Petrol scarcity imminent as NUPENG begins warning strike on Wednesday
Except the federal government intervenes, another round of petrol scarcity is looming in the country as the Nigeria Union of Petroleum and Natural Gas [...]