Category: Business
Meet the wealthy investors responsible for Nigeria’s poor electricity supply
Power outages in Nigeria has certainly become a part of our everyday life, going by how long we have had to grapple with the situation and unless some [...]
Illegal haulage: Dangote patrol team arrests errant drivers
In a renewed effort to rid the Dangote Group of unscrupulous drivers who engage in illegal haulage activities and others who constitute themselves int [...]
Jite Okoloko’s Notore Chemical in the eye of the storm
Jite Okoloko, the group CEO/Managing Director of Notore Chemical Industries, a fertiliser and agro-allied company in Nigeria, is battling to save [...]
GTCO Plc releases 2022 half year audited results, reports profit before tax of ₦103.2bn
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ende [...]
Dangote to save forex, through 40% sugar import substitution
The management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 percent, thus paving [...]
Zenith bank sustains growth trajectory with double digit growth in gross earnings in H1 2022
Zenith Bank Plc grew its gross earnings by 17 per cent from N346bn in the first half of 2021 financial period to N405bn in the corresponding period of [...]
Zambia seeks Dangote’s assistance in developing fertiliser industry
The Zambian Minister of Commerce and Industry, Mr. Chipoka Mulenga, has sought the assistance of the President, Dangote Group, Aliko Dangote in the de [...]
UBA appoints new GMD, executive board as Uzoka retires
The United Bank for Africa Plc (UBA) Africa’s global bank, has announced the appointment of Oliver Alawuba as Group Managing Director, overseeing the [...]
Emirates cuts Nigerian flights as CBN withholds $85 million revenues over forex crisis
Emirates Airlines has announced a reduction in flight operations to Nigeria from August 15, citing the Central Bank’s continued withholding of $85 mil [...]
Kenya bars banks from engaging with Flutterwave, Chipper Technologies.
The Central Bank of Kenya has issued a notice instructing all commercial banks in the country from operating with Nigeria fintech, Flutterwave Payment [...]