ATIKU

  Former Ethiopia Prime Minister, Hailemariam Desalegn has described as exceptional and enormous the investment of the Dangote Group (https://Dangote.com) in Africa’s oil refining sector and urged other private sector investors to take a cue from the group’s investment drive. Speaking during the tour of Dangote Jetty, Fertiliser and Refinery Plant, Desalegn said the President […]

Following a review of its operational and investment objectives and in reaction to prevailing business environment, Aiteo (www.AiteoGroup.com) has restructured its executive management, naming a number of critical appointments and reassignments.  In confirming the appointments its Chief Executive and Executive Vice Chairman, Benedict Peters, explained that the organisation had undertaken the exercise driven by the […]

Olam International Ltd, a Singaporean agro-allied company, yesterday offered to acquire Dangote Flour Mill (DFM) Plc. Olam, through its subsidiary Crown Flour Mills currently, owns over five million shares of Dangote Flour Mills and is bidding to take over the entire company. It stated that Olam was bidding to acquire all the outstanding and issued […]

The Organization of Petroleum Exporting Countries (OPEC) is upbeat at the prospect of the Dangote Oil Refinery driving an increase in world crude oil refining capacity especially in Africa, by 2020. In the latest edition of its World Oil Outlook (WOO), OPEC said that the Dangote refinery, which is the first privately-owned and operated refinery […]

In furtherance of its plans to scale its operation this year,NOVA Merchant Bank Limited, in yet another milestone, has received an investment grade rating from both Agusto & Co (Bbb) and Global Credit Ratings (BBB-). The reasons given for the Bank’s rating include the strength of the Board and management team, robustcapitalisation, prudent risk profile, […]

The Board of Directors of Zenith Bank Plc has appointed Mr. Ebenezer Onyeagwu as the Group Managing Director/Chief Executive of the financial institution. The appointment becomes effective from June 1, 2019, subject to the approval of the Central Bank of Nigeria (CBN).  According to a letter to the regulatory authorities – the Nigerian Stock Exchange […]

As part of efforts aimed at making youths from its host communities employable, Dangote Petroleum Refinery and Petrochemicals Company has flagged off a vocational training scheme that will inculcate necessary skills in the young men and women from Ibeju-Lekki area. Dangote Group Executive Director, Capital Projects, Devakumar Edwin, said the initiative is a demonstration of […]

This week marks the celebration of the 125th anniversary of the existence of the First Bank franchise in Nigeria. This stands the bank out as one of the earliest institutions established in West Africa, and obviously, one of the handful still in existence today. The bank began as the Bank of British West Africa (BBWA) […]

Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have commended the Board and Management of the company for their remarkable achievements demonstrated in the company’s record-setting financial performance in 2018.  Speaking at the company’s 13th Annual General Meeting, which was held at the iconic Transcorp Hilton, Abuja on Friday, March 15, 2019, the shareholders lauded […]

   Records Profit of  N106.8 billion The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to N494.0 […]

Dangote Fertilizer factory has entered into a long-term agreement with Chevron Nigeria for the delivery of natural gas from Chevron’s supply portfolio to the plant, which is poised to start operations soon in Lekki – Lagos. The signing held at the Department of Petroleum Resources (DPR) office in Lagos. The contract, under the Gas Sale […]

On Saturday, 16 March 2019, Nigeria’s premier financial institution, First Bank of Nigeria Limited and other corporate entities in the FBNHoldings group would collectively have a 125km Relay Walk to celebrate the Bank’s 125 years of unbroken business operations in commemoration of its 125 years anniversary. Following the flag hoisting ceremony, the anniversary activities curtain […]