BUSINESS

Deregulation Not A License To Blend Off-Spec Products, Jeopardise National Interest, Dangote Tells Pinnacle Oil

LAGOS, NIGERIA – Dangote Petroleum Refinery and Petrochemicals has advised Pinnacle Oil and Gas Limited that deregulation should not be used as a justification for the importation of off-spec petroleum products or the undermining of Nigeria’s national interests. The refinery made this statement in response to remarks by Robert Dickerman, …

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Access Holdings’ Total Assets Grows to ₦41.1 Trillion In Q3 As Gross Revenue Hits ₦3.4 Trillion

LAGOS, NIGERIA – November 2, 2024: Access Holdings Plc, one of Africa’s leading financial institutions, has announced its unaudited results for the third quarter ended September 30, 2024. The financial results highlight the group’s continued growth momentum, emphasising resilience and sustainable performance as the Group works to deliver solid returns …

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Access Holdings Reaffirms Commitment To Driving Inter-, Intra-African Trade

…Banking Subsidiary Targets November For African Trade Conference LAGOS, NIGERIA – OCTOBER 29, 2024: Access Holdings Plc, the parent company of Access Bank Plc, has announced a series of initiatives aimed at empowering small businesses across Africa and enhancing intra-African trade. During a recent media roundtable, the leadership team, including …

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Dangote Petroleum Refinery Denies Receiving Payments From IPMAN

BY ABU-SATAR HAMED LAGOS, NIGERIA – The Dangote Petroleum Refinery has said that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for the purchase of refined petroleum products. This statement was issued in response to recent claims regarding difficulties in loading products. In …

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Local Content Development Initiative: Dangote Cement, Ibese Plant Upskills Vendors

BY ABU-SATAR HAMED IBESE-YEWA, OGUN STATE, NIGERIA – Dangote Cement Plc’s, Ibese Plant, on October 24, 2024, organized a one-day capacity development workshop for its local vendors on the theme “Leveraging DCPI’s Processes and Procedures to Build Viable Local Businesses.” The training was attended by twenty five (25) service providers …

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Dangote Backs Tinubu’s CNG Drive With $280M Investment In Trucks, Infrastructure

… Becomes Largest Operator Of CNG Trucks In Nigeria BY ABU-SATAR HAMED LAGOS, NIGERIA – In alignment with President Bola Ahmed Tinubu’s initiative to introduce cheaper and cleaner fuel options across Nigeria, Dangote Cement Plc has committed over $280 million to bolster Compressed Natural Gas (CNG) infrastructure and technology. This …

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Access Bank’s Approval To Establish Subsidiary In Namibia, A Vision For Growth, Development

BY ABU-SATAR HAMED LAGOS, NIGERIA – Access Bank Plc has achieved a significant milestone in its expansion strategy by securing an approval-in-principle to establish a subsidiary in Namibia. This development marks another step in the bank’s ongoing efforts to strengthen its presence across Africa. The recent approval from the Namibian …

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No Fresh Case Filed Against NNPCL, Says Dangote Refinery

BY ABU-SATAR HAMED LAGOS, NIGERIA – The Management of Dangote Refinery has clarified that it has not filed any new case against the Nigerian National Petroleum Corporation Limited (NNPCL) and other entities.  In a press release titled “No Fresh Case Filed Against NNPCL,” signed by Sunday Esan and made available …

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Coca-Cola® Unveils Wozzaah: A Tribute To African Culture and Creativity

…Celebrating Africa’s Energy and Culture in Port-Harcourt BY ABU-SATAR HAMED PORT-HARCOURT, RIVERS STATE, NIGERIA – OCTOBER 13, 2024 – In a bold celebration of Africa’s vibrant spirit, Coca-Cola® has launched its latest limited-edition beverage, Coca-Cola® Wozzaah Zero Sugar. This marks the introduction of Coca-Cola® Creations in Nigeria, designed to honor …

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