BUSINESS

ABEOKUTA, OGUN STATE, NIGERIA – The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Barrister Ukeyima Akutah, has highlighted Ogun State as a leader in Nigeria’s industrial revolution. Speaking on the state’s impressive performance in the Ease of Doing Business Index, Akutah emphasized that Ogun is setting …

BY ABU-SATAR HAMED LAGOS, NIGERIA – The Dangote Refinery Company has addressed widespread inquiries from the media and concerned stakeholders following a report attributed to the Nigerian National Petroleum Company Limited (NNPCL). The report suggested that a $1 billion loan, secured by NNPCL and backed by crude, played a crucial …

BY ABU-SATAR HAMED LAGOS, NIGERIA – The Dangote Refinery and Petrochemicals complex has been described as a groundbreaking achievement, underscoring Nigeria’s significant strides in technological innovation and industrial capacity on the global stage. A delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate, Suzuki Hideo hailed the …

LAGOS, NIGERIA – Access Holdings Plc (“Access Holdings”) on Thursday, December 12, 2024 announced that its banking subsidiary, Access Bank Plc (“the Bank”), has entered into a binding agreement with South Africa-based Bidvest Group Limited for the acquisition of a 100% equity stake in Bidvest Bank Limited (“Bidvest Bank”). This …

RABAT, MOROCCO – The Ogun State Governor, Prince Dapo Abiodun, has emphasized the need for a strategic partnership with Power Africa to achieve his administration’s vision of providing 24/7 affordable and reliable electricity across the state. This collaboration is seen as a vital step toward transforming energy access for residents …

BY ABU-SATAR HAMED In a groundbreaking development for African energy markets, Dangote Refinery, the continent’s largest oil refinery, in partnership with Neptune Oil, has announced its inaugural export of Premium Motor Spirit (PMS) to Cameroon. This milestone highlights the strategic collaboration between Dangote Refinery and Neptune Oil, aimed at fostering …

BY TAYO MABEWEJE ABEOKUTA, OGUN STATE, NIGERIA – Ogun State is set to usher in a transformative era of economic prosperity, following strategic partnerships spearheaded by Governor Dapo Abiodun. The governor’s proactive efforts to attract international investment have culminated in collaborations with global industry leaders, including JBS, the world’s largest …

LONDON, UNITED KINGDOM – Access Holdings Plc (“Access Holdings”) on December 10, 2024, announced that its banking group’s, subsidiary, The Access Bank UK Limited (“the Access UK”) has established its first fully owned subsidiary – The Access Bank Malta Limited, in Malta. The banking licence application has been approved by …

BY ABU-SATAR HAMED FCT, ABUJA, NIGERIA – The Federal Competition and Consumer Protection Commission (FCCPC) says its invitation to Air Peace is simply for an inquiry to understand its price methodology and respond to consumers complaints.  The Director, Surveillance and Investigation, Mrs. Boladale Adeyinka said neither the airline nor the …

BY ABU-SATAR HAMED LAGOS, NIGERIA – Angolan President João Lourenço Meets Aliko Dangote On Strategic Investments The President of Angola, João Lourenço, and the President/Chief Executive of Dangote Industries Limited, Aliko Dangote, recently held a high-level investment meeting in Luanda, Angola. The discussions centered on building cement factories and acquiring …