Business

Business

Orange launches its brand in Liberia and continues to build on its strong presence in West Africa

Orange, one of the world’s leading telecommunications operators, announces today the launch of its brand in Liberia. As from today, Cellcom Liberia becomes Orange Liberia. The acquisition of the Liberian…

Business

AGCO reaffirms further commitment to Challenger farm machinery brand in Africa

AGCO (www.AGCOcorp.com), Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, is to further develop its Challenger farm machinery business in Africa as part of…

Business

Our commitment to Nigeria remains strong – Shell

Shell remains strongly committed to the development of Nigeria, Osagie Okunbor, Country Chair, Shell Companies in Nigeria said in Lagos, while announcing that The Shell Petroleum Development Company of Nigeria…

Business

Nigeria inflation rate witnesses decline again

The Consumer Price Index (CPI) which measures inflation declined by 0.02 percent in April, the National Bureau of Statistics, NBS, said on Tuesday. According to the NBS in its new…

Business

Business growth remains high on the African boardroom agenda despite economic and socio-political headwinds

Africa’s CEOs are confident that the outlook for business on the continent remains positive notwithstanding the unpredictable economic and socio-political climate. PwC’s (www.PwC.com) Africa Business Agenda report shows that 85%…

Business

Heritage Bank, Triton Aqua N2bn facility to boost job creation, capacity to 15, 000 tonnes

The N2billion long-term facility Heritage Bank Plc and Central Bank of Nigeria gave to Triton Aqua Africa Limited (TAAL), under the Commercial Agriculture Credit Scheme (CACS), has continued to boost…

Business

Dangote denies supporting new Ponzi scheme

The Dangote Group has raised alarm over a Ponzi scheme in circulation alleging partnership between the “Dangote brand, Nestle, Cussons and other reputable food processing companies” in launching a multi-level…

Business

Shareholders Applaud NB’s Performance, Approve Dividend

Shareholders of Nigerian Breweries Plc have lauded its 2016 financial performance and approved the dividend proposed by the Board. The shareholders who spoke at the 71st Annual General Meeting of…

Business

SEC dissolves Ikeja Hotels Plc board

Securities and Exchange Commission (SEC) has announced the dissolution of the board of Ikeja Hotels Plc due to unresolved internal crisis involving some majority shareholders of Ikeja Hotels Plc. The…

Business

Calling all entrepreneurs and developers of renewable energy projects in Africa

Access Power (www.Access-Power.com), a developer, owner and operator of power projects in emerging markets, and its strategic partner EREN RE today announced an extension to the deadline for applications to…

Business

NJ Ayuk’s Big Barrels Leads the Way forward to Africa oil and gas 2.0

As an exemplary African entrepreneur, NJ Ayuk has intimately witnessed the transformative impact of the oil and gas industry on the continent, being an active player in building countries, shaping…

Business

CBN bars 16 banks from forex’s SME window

The Central Bank of Nigeria (CBN) on Tuesday wielded the big stick on 16 Deposit Money Banks as it stopped them from participating in the Small and Medium-scale Enterprises window…

Business

MyStocKIT: Heritage Bank launches MSME app for ease of doing business

In line with its commitment to ensure swift expansion of the micro small medium enterprises (MSME) market segment, Heritage Bank has introduced MyStocKIT, an android hand-held solution that enables clients…

Business

MTN Nigeria sacks 280 long-serving workers, others

In one fell swoop, South African telecoms firm, MTN, on Friday sacked 280 of its employees in Nigeria, in a major job cut that affected about 15% of the company’s…

Business

Trucks leave Apapa over poor access roads – RTEAN

The Chairman of Road Transport Employers’ Association of Nigeria (RTEAN), Musa Mohammed has said that more than 400 trucks have left Apapa and Tincan port areas in Lagos in the…

Business

Recession Not A Crime, A Wakeup Call To Rearrange Expenditure – Ambode

Lagos State Governor, Mr. Akinwunmi Ambode on Saturday said that contrary to the view held by most people, recession was not a crime but a period that calls for government…

Business

Sterling Bank Fraud: Court Remands Nigerian Blogger, Whistleblower In Prison

A Federal High Court in Lagos on Friday remanded a Nigerian blogger and publisher of online news medium Secrets Reporters, Tega Oghenedoro aka “Fejiro Oliver”, and a former staff in the Customer…

Business

Diamond Bank Strengthens Growth in Q1 2017

Diamond Bank, yesterday, transmitted its Q1 2017 financial accounts to the Nigerian Stock Exchange, NSE, showcasing focused and strong determination to continue to strengthen growth in key financial parameters. The…

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