BUSINESS

ABUJA, FCT, NIGERIA – The Coca-Cola Company has revealed plans to invest $1 billion in Nigeria over the next five years. This announcement was made following a meeting with President Bola Tinubu, highlighting the company’s commitment to expanding its operations and boosting the Nigerian economy. In a statement released by …

LAGOS, NIGERIA – Africa is facing a growing challenge of managing its waste and natural resources in a sustainable way. The current traditional linear economic model, characterized by a “take, make, dispose” pattern that is extracting, consuming, and disposing of materials, is inefficient, wasteful, and harmful to the environment and …

BY ABU-SATAR HAMED LAGOS, NIGERIA – NOVA Bank has announced the appointment of David Isiavwe as Executive Director of Operations and Information Technology, and Chinwe Iloghalu as Executive Director of Institutional and Commercial Banking. These strategic appointments are part of NOVA Bank’s efforts to reinforce its leadership team, aligning with …

ABEOKUTA, OGUN STATE, NIGERIA  A- Five million dollar British Battery Recycling Company is to be set up in Ogun State. The British High Commissioner in Nigeria, Mr. Richard Montgomery, disclosed this on Wednesday, September 18, 2024, when he led some officials of the Commission on a courtesy call on the …

LAGOS, NIGERIA – The management of Dangote Refinery has denied the claim made by Nigerian National Petroleum Corporation Limited (NNPCL) spokesperson, Mr. Olufemi Soneye, regarding the price of Premium Motor Spirit (PMS). According to Soneye, Dangote Refinery was allegedly selling its PMS at N898 per litre to NNPCL. The refinery’s …

ABEOKUTA, OGUN STATE, NIGERIA – A delegation from the Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has recently returned from Giessen, Germany, where they acquired valuable insights into the country’s esteemed Vocational Education and Training (VET) system. The primary goal of the trip was to explore potential …

… NNPC Trucks Begin Lifting Petrol From Dangote Refinery BY ABU-SATAR HAMED LEKKI, LAGOS, NIGERIA – The Federal Government has announced that the start of petroleum lifting from the Dangote Petroleum Refinery and Petrochemicals marks a significant return to industrialisation and local refining in Nigeria. This milestone is seen as …

LAGOS, NIGERIA – September 2024: Guaranty Trust Holding Company Plc (“GTCO” or the “Group”), has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦1.004trilion, becoming …

LAGOS, NIGERIA – September 06, 2024 – Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa, has been named Best Bank in Corporate Social Responsibility in Nigeria at the prestigious Euromoney Awards for …

BY ABU-SATAR HAMED LAGOS, NIGERIA – For the seventh consecutive years, Dangote Industries Limited has again emerged as most valuable brand in Nigeria, leading other top brands like MTN, Airtel, Access Bank, Globacom and many others. The latest report of the TOP 50 BRANDS NIGERIA® rankings, an annual celebration of …