ASR AFRICA funds UNIJOS NUGA goal with N250m sports complex
Post AMUGE
April 24, 2024
Business a.m. The Abdul Samad Rabiu Africa Initiative (ASR Africa), the charitable arm of Abdul Samad Rabiu, chairman of BUA Group, has taken a major stride towards advancing the sporting infrastructure of the University of Jos as it commences the construction of a N250 million sports complex. The University of Jos’ Naraguta Campus is set […]
Nigeria’s hydrocarbon reserves come alive as NNPC Ltd, Newcross commence 12,000bpd from Awoba Unit Field
Post AMUGEApril 24, 2024
Business a.m. In a bid to fully maximise the value of Nigeria’s rich hydrocarbon assets and boost the nation’s coffers, NNPC Ltd and Newcross Exploration and Production Ltd have collaborated to revive the dormant Awoba field, a once-productive asset that had fallen victim to the effects of crude oil theft and evacuation issues. The strategic […]
Transcorp Power lights up with N67.86 billion in Q1 2024 gross revenue
Post AMUGEApril 23, 2024
Onome Amuge Transcorp Power Plc has showcased its financial strength with an impressive first quarter (Q1) performance in 2024, as reflected in its recently released unaudited financial statements on the Nigerian Exchange. This is as the company’s gross earnings soared to N67.86 billion in Q1 2024, marking a significant 223 per cent increase over […]
Access Holdings chairman bullish about raising $300m new capital
Post AMUGEApril 23, 2024
Our shareholders have mind set on recapitalisation Has over 800,000 shareholders In 2024 Access Holdings is much older, wiser, stronger, larger Is significantly respected by the capital market PHILLIP ISAKPA IN STOCKPORT, UK Aigboje Aig-Imoukhuede, the newly elected chairman of Access Holdings Plc, who chaired his first meeting of shareholders over the weekend, is […]
Adeduntan leaves after 9-years leading Nigeria’s oldest bank
Post AMUGEApril 22, 2024
Business a.m. Adesola Adeduntan Adesola Kazeem Adeduntan left First Bank of Nigeria Limited, Nigeria’s oldest banking institution, which he led for nine years as managing director and chief executive officer. His retirement from his position followed an illustrious journey marked by exemplary leadership and innovative financial solutions to reposition the bank as an enviable financial […]
Alebiosu, banking veteran, replaces Adeduntan as First Bank MD/CEO
Post AMUGEApril 22, 2024
Olusegun Alebiosu, acting managing director/CEO, First Bank Nigeria Limited Onome Amuge First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting managing director with immediate effect, following the abrupt resignation of Adesola Adeduntan who had served as the managing director/CEO of the premier bank. The bank informed the Nigerian Exchange Limited and the […]
Climate Action Africa announces opening of applications for CAAF24 Deal Room
Post AMUGEApril 22, 2024
Business a.m. Climate Action Africa (CAA), a leading advocate for climate resilience and sustainable development, has announced the opening of applications for the Deal Room at the 2024 Climate Action Africa Forum (CAAF24). The Deal Room is a groundbreaking platform that aims to connect high-impact climate innovators in Africa with potential investors seeking to accelerate […]
Indorama operations not polluting the environment – company
Post AMUGEApril 22, 2024
Company committed to goal of zero harm, safe, healthy environment Implements effective environment management system Ben Eguzozie, in Port Harcourt Indorama Nigeria, whose operations in the country straddle petrochemicals, and fertiliser, says its production processes do not pollute the environment, being a responsible corporate citizen, is committed to the goal of zero harm, safe and […]
NSIA fuels $500m domestic infrastructure drive in Nigeria
Post AMUGEApril 22, 2024
Maps out infrastructure, subsidiary dev’t goals for 2024 Business a.m. The Nigeria Sovereign Investment Authority (NSIA has disclosed a $500 million investment into domestic infrastructure projects, underscoring the organisation’s commitment to bolstering Nigeria’s infrastructure and economic capacity. Fresh off a noteworthy year of financial performance in 2023, the Nigerian establishment which manages the Nigeria sovereign wealth […]
Nigerian Breweries on track to seal Distell Wines & Spirits deal by H1 2024
Post AMUGEApril 22, 2024
Onome Amuge Nigerian Breweries Plc has confirmed that the final leg of its highly anticipated acquisition of an 80 per cent stake in Distell Wines & Spirits Nigeria Limited will be concluded during the first half of 2024, falling between the months of April and June. The development, poised to cement the company’s strategic foothold […]