ASR Africa breaks ground on N250m office block project for University of Usmanu Danfodiyo College of Health Sciences
Post AMUGE
April 17, 2024
Business a.m. The Abdul Samad Rabiu Africa Initiative (ASR Africa) has commenced the construction of a state-of-the-art N250 million office block for the Abdul Samad Rabiu College of Health Sciences at Usmanu Danfodiyo University. The milestone project, funded by Abdul Samad Rabiu, chairman of BUA Group and founder of ASR Africa, is part of the […]
UBA courts shareholders backing to power capital injection drive
Post AMUGEApril 15, 2024
Business a.m. UBA, Africa’s global financial institution, is set to take the next step in its journey of growth and expansion as it seeks shareholders’ approval to issue 10.8 billion new ordinary shares to raise its share capital from N17.099 billion to N22.5 billion, during the bank’s upcoming annual general meeting, scheduled for May 24, 2024. […]
Nigerian Breweries eyes company-wide overhaul in quest for long-term resilience and profitability
Post AMUGEApril 15, 2024
Suspends operations in 2 of its 9 breweries Onome Amuge Facing a persistent and formidable business environment, Nigerian Breweries Plc has announced a comprehensive business recovery plan, aimed at strengthening the company’s position and ensuring a brighter, more sustainable future for all stakeholders. Central to this plan is a comprehensive company-wide reorganisation effort, designed […]
Nigeria’s FUGAZ banks navigate 2023 headwinds with N9.6trn gross earnings
Post AMUGEApril 15, 2024
ONOME AMUGE Nigeria’s banking sector, navigating through a perfect storm of economic headwinds, steered a very profitable course and rewarded their shareholders with impressive returns in the 2023 financial year, according to a review of the reports turned in by the country’s biggest banks in the last few weeks. The year 2023 marked a pivotal […]
Coalition wants halt to Shell’s $2.4bn Nigeria oil assets sale over safeguards
Post AMUGEApril 15, 2024
Business a.m. A coalition of 40 organisations, including Amnesty International, have voiced their concerns about the impending sale of Shell’s onshore oil business in the Niger Delta, a region plagued by long-standing issues of human rights violations and environmental degradation caused by oil-related operations. The organisations urged the Nigerian government to prevent the sale from […]
Nigeria makes medical milestone with world’s first 5-in-1 meningitis vaccine
Post AMUGEApril 15, 2024
Business a.m. In a significant milestone for global health, Nigeria has taken the lead in combating meningococcal disease by becoming the first nation to introduce the Men5CV vaccine, which protects against five strains of meningococcal bacteria. The new vaccine, which is recommended by the World Health Organisation (WHO), is considered a crucial step forward in […]
Climate Action Africa advocates multi-sector alliance to address Nigeria’s climate crisis
Post AMUGEApril 12, 2024
Business a.m. Climate Action Africa (CAA), a leading advocate for climate resilience and sustainable development in Nigeria, has called for a more impactful and inclusive approach to tackling the country’s pressing climate challenges. The call for action was made during a media briefing hosted in Lagos, where CAA shed light on the pressing issues of […]
Zenith Bank soars to new heights on triple-digit profit explosion
Post AMUGEApril 12, 2024
Gross earnings surge 125% to hit N2.1trn Onome Amuge Zenith Bank Plc, one of the forerunners of Nigeria’s banking sector, has revealed its audited financial results for the year 2023, flaunting an impressive 125 per cent increase in gross earnings, transcending its 2022 earnings of N945.6 billion to a staggering N2.132 trillion in 2023. The […]
The CEO’s secret to successful leadership: CEO Excellence revisited
Carolyn Dewar, Scott Keller, Vikram (Vik) MalhotraApril 10, 2024
Three McKinsey senior partners—and, now, international best-selling authors—reflect on the far-reaching impact of their book, CEO Excellence, two years after its release. In March 2022, McKinsey senior partners Carolyn Dewar, Scott Keller, and Vikram Malhotra launched CEO Excellence: The Six Mindsets That Distinguish the Best Leaders from the Rest (Scribner/Simon & Schuster, March 2022), a […]
GTCO delivers robust PBT of N609.3bn, up 184.5% YoY in FY 2023
Post AMUGEApril 10, 2024
Cynthia Ezekwe Guaranty Trust Holding Company Plc (GTCO), one of Africa’s largest financial services groups, has reported a profit before tax of N609.3 billion for the year ended December 31, 2023, representing a significant increase of 184.5 percent over the N214.2 billion recorded in the corresponding period of the previous year. GTCO’s audited consolidated and […]