BUSINESS

LAGOS, NIGERIA – GTCO Plc’s management has firmly rejected the recent allegations of misconduct regarding its operations and executive team. In a press release distributed to the media, the Bank asserted that there is no truth to the negative reports circulating about its activities. GTCO is urging customers, shareholders, and …

NEW YORK, USA – In an exclusive interview with Arise TV during the 79th United Nations General Assembly in New York, Olusegun Alebiosu, CEO of FirstBank, emphasized the urgent need for international leaders to prioritize poverty eradication. He highlighted that alongside poverty, climate change and gender inequality also requires immediate …

LAGOS, NIGERIA – SEPTEMBER 30, 2024 – Guaranty Trust Fund Managers Limited (“GTFML” or the “Fund Manager”), the asset management subsidiary of Guaranty Trust Holding Company Plc, today announced the launch of the Guaranty Trust Investment Fund 724 (“Fund 724”), an open-ended, naira-denominated Unit Trust Scheme duly authorised and registered …

BY ABU-SATAR HAMED NEW YORK, USA, – Aliko Dangote, Founder and President/Chief Executive of the Dangote Group, attended the “Africa at an Inflection Point” event hosted by Invest Africa. The event, organized by the Milken Institute, took place at the Rockefeller Centre in New York during the United Nations General …

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 …