Brand & Business

Aliko Dangote Celebrates African Young Global Leaders

  Members with Alhaji Aliko Dangote inside the Fertilizer plant, During the Forum of Young Global Leaders, Aliko Dangote Fellowship Convening 2023 in Lagos, Visit Dangote Oil Petroleum and Fertilizer plant Lekki Lagos on Friday on 8th September 2023 By Bunmi Onakan  At the World Economic Forum Annual Meeting 2011 in Davos, Switzerland, Aliko Dangote, President, and Chief Executive Officer of the Dangote Group, learned about… []

Nigerian Business Mogul, Dr Abbey Onas Extols Investment Opportunities At Global Economic Forum In Poland

– Dr. Abbey Onas poses with European associate By Adegboyega Johnson  Amidst a resounding call to reshape perceptions about investment in Nigeria by President Bola Ahmed Tinubu GCFR and his proactive policies aimed at inviting more foreign direct investments (FDI) for Nigeria, The Coordinator of the Ogun-Guangdong Free Trade Zone and Chairman, ZGM Investment Group, Dr. Abbey Onas, passionately urged European foreign investors to seize… []

CBN Set To Clampdown On Firms Involved In Illegal FX Deals

– Mr. Folashodun Shonubi, CBN Acting Gov. By Bunmi Onakan  To clear the unsettled foreign exchange (FX) backlog, Acting  Central Bank of Nigeria (CBN) Governor, Mr. Folashodun Shonubi, has disclosed that the apex bank was working with commercial banks to achieve this in the next two weeks. Shonubi, stated this in Lagos, while speaking on the role players in the FX market should play to… []

Wale Tinubu’s Oando Signs Pact To Acquire Eni’s Nigerian Subsidiary

– Oando office  By Ademola Idris  Oando has agreed to buy the Nigerian exploration and production unit of Italian oil major Eni for an undisclosed amount, a statement by the oil driller said on Monday. The consummation of the deal is subject to ministerial consent and other regulatory authorisations. Shares in Oando, which has a secondary listing in Johannesburg, jumped by 9 per cent in… []

GTCO Releases Audited Consolidated and Separate Financial Statements For The Period Ended June 30, 2023, To The NGX And LSE

  – GTCO Logo By Bunmi Onakan  The Group reported profit before tax of ₦327.4billion, representing an increase of 217.1% over ₦103.2billion recorded in the corresponding period ended June 2022. The Group’s loan book (net) increased by 22.8% from ₦1.89trillion recorded as at December 2022 to ₦2.32trillion in June 2023, while deposit liabilities grew by 37.0% from ₦4.61trillion in December 2022 to ₦6.32trillion in June… []

Investigation: Dangote Cement Not On Sale In Benin Republic

– Dangote Cement  By Bunmi Onakan  … Cement sells at an average price of N6,216 in Benin despite the regulation The allegation that went viral on social media last week that Dangote Cement Plc was selling a bag of 50kg cement to Nigerians at an exploitative rate of N5,200 while it sells the same quantity of cement at N1,500 in the Republic of Benin was… []

Dangote Cement Remits N412.9bn Tax To FG In 3 Years

– Aliko Dangote  By Bunmi Onakan Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for 3 consecutive years. A total of N97.24 billion was paid by Dangote Cement in 2020, N173.93 billion in 2021 and N141.69 billion in 2022. This huge tax payment from only one of the… []

FastCash Offers Loan For School Payment

– FCMB logo By Bunmi Onakan  As students get set to resume another academic session, FastCash, powered by First City Monument Bank (FCMB), is offering parents and guardians up to N200,000 to help them cover the costs of school fees and back-to-school supplies. The credit line supports the purchase of school uniforms, books, bags, confectionaries, and other items required to enhance children’s learning experience. Commenting… []

Access Pensions Surpasses N1 Trillion AUM Milestone

Access Pensions Limited, a subsidiary of Access Corporation, has achieved an astonishing feat, surpassing the N1 trillion mark in assets under management (AUM). In an impressive trajectory, the Company – which emerged from the business combination of Sigma Pensions and First Guarantee Pension in December 2022 – has scaled up its assets under management to surpass the N1 trillion threshold in just six months. This… []

Zenith Bank Appoints DR. Juliet Ehimuan A Non-Executive Director

– Dr. Juliet Ehimuan By Bunmi Onakan The Board of Directors of Zenith Bank Plc has appointed Dr. Juliet Ehimuan as a Non-Executive Director of the bank effective August 29, 2023. The appointment, which was announced in a statement to the Nigerian Exchange (NGX) Limited on Tuesday, August 29, 2023, has also be confirmed by the Central Bank of Nigeria. Dr Juliet Ehimuan is the… []

Dangote Cement: Clarification Of Cement Price Misinformation

…..says Nigeria’s price is in line with or lower than prices across the West African coast. Management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories across Nigeria (as at 28th August 2023) is N4,010 in Okpella and N4,640 in Ibese, Objana, and Gboko. Including transportation costs and the location of delivery, prices could range between N5,000… []

Onyeali-Ikpe, Olusanya Make Top 10 On 2023 Definitive List Of Women CEO

  – Nneka Onyeali-Ikpe, Managing Director/CEO, Fidelity Bank Plc The third annual Africa.com Definitive List of Women Chief Executive Officers (CEOs) was revealed on April 19. Nneka Onyeali-Ikpe, Managing Director/CEO, Fidelity Bank Plc and Miriam Chidiebele Olusanya, Managing Director, Guaranty Trust Bank made the top 10 list. Both companies are listed on the Nigerian Exchange Limited (NGX). The list is unique in that it is… []

University VC Hails Dangote’s Impact on Nigeria’s Agricultural Revolution

L–R, Vice – Chancellor of Lagos state University of Science and Technology Ikorodu, Prof. Olumuyiwa Odunsanya, Vice – Chancellor Lagos state University Ojo, Prof. Ibiyemi Olatunji – Bello, Managing Director/ CEO, Dangote Fertilizer, Vishawajit Sinha, Secretary of Committee of Vice – Chancellors of Nigeria, Prof. Yakubu Ochefu, During the Committee of Vice – Chancellors of Nigerian Universities, Visit Dangote Fertilizer Limited plant Lekki on Thursday… []

With N206.3bn Half Year Result, FBN Posts New Record in PBT

— First Bank Head office  — By Bunmi Onakan FBN Holdings Plc, yesterday on the Nigerian Exchange Limited (NGX), declared N206.3billion profit before tax (PBT) in its unaudited half year (H1) account ended June 30, 2023, which was a new record high for the oldest financial institution in Nigeria. The PBT recorded was about 213.8 per cent higher, when compared with the N65.7 billion declared… []

Access Bank Polo 2023: A Grand Affair for Education and Philanthropy

— Access Bank Polo and Charity event at the Guards Polo Club in Egham — By Bunmi Onakan The annual Access Bank Polo and Charity event at the Guards Polo Club in Egham, Surrey was once again a remarkable gathering of royalty, diplomats, political leaders, the business community, and supporters of Access Bank. This prestigious event not only showcases the elite sport of polo but also serves as a… []

Standard Chartered, Access Banks Enters Into Sales Agreement In Five African Countries

— Access Bank, Standard Chartered representatives — Standard Chartered Affirms Commitment To Nigeria — By Ademola Idris Standard Chartered Bank and Access Bank Plc (Access) have entered into agreements for the sale of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the approval of… []

Dangote Cement Increases Capacity With New Plants In Nigeria, Cote d’Ivoire & Ghana

L-R: Group Sales and Marketing Director, Dangote Cement Plc, Rabiu Umar;  Chief Executive Officer, Nigerian Exchange Limited, Temi Popoola; Group Managing Director/CEO, Dangote Cement Plc, Arvind Pathak; Non-Executive Director, Dangote Cement Plc, Ernest Ebi,  at Dangote Cement closing Gong ceremony at the Nigerian Exchange Limited on Wednesday, July 12, 2023. – By Adegboyega Johnson Dangote Cement has concluded plans to expand its production capacity through the construction… []

AVPA, Sterling One Foundation Announces Applications for the Africa Social Impact Summit 2023 

— By Bunmi Onakan The Sterling One Foundation and the African Venture Philanthropy Alliance have announced the upcoming ASIS 2023 Deal Room, which will take place on August 11, 2023, in Lagos, Nigeria, to connect social impact enterprises with potential investors for funding opportunities. The deal room, managed by the African Venture Philanthropy Alliance (AVPA) alongside other technical partners, presents a unique opportunity for SMEs… []

CBN Adjusts Exchange Rate To N770.88/$1, Warns Banks To Be Cautious

– Central Bank of Nigeria logo  – By Ademola Idris The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country to exercise caution when conducting transactions with businesses and individuals in certain countries. Warns Banks To Be Cautious In Transacting With Some Countries The countries specified by the CBN are the Russian… []

GTCO AUTISM CONFERENCE 2023: Empowering Voices For Autism

  – By Adegboyega Johnson  Guaranty Trust Holding Company Plc (GTCO) has announced dates for the 2023 GTCO Autism Conference and follow-up consultations. This year’s programme is themed “Empowering Voices for Autism” to promote inclusivity and self-advocacy for persons on the Autism Spectrum. An offshoot of the Orange Ribbon Initiative, the GTCO Autism Conference has grown to become a reference point for autism advocacy and… []