BUA chairman launches $100 million African development fund

March 24, 2021

Pledges N1bn grant to six Nigerian universities Onome Amuge Abdul Rabiu, Chairman, BUA on Wednesday, announced  the establishment of an annual $100 million Africa Endowment Fund starting from 2021 aimed at facilitating social development across Nigeria and the African continent in general. Dwelling on the fund in an official statement made available to Business A.m, […]

Dangote Cement Plc appoints Moyen as new CFO

March 19, 2021

Charles Abuede   Dangote Cement Plc, Africa’s largest cement manufacturer has appointed with board confirmation, Guillaume Moyen as the Group Chief Financial Officer, with effect from Thursday, March 18, 2021. The appointment comes after the confirmation by the company’s Board of Directors. The cement manufacturer in a statement signed by Edward Imoedemhe, Deputy Company Secretary, […]

Lumos, market-leading solar energy company commits to recycling batteries

March 19, 2021

…Addressing sustainable battery supply chains, fulfilling UN SDGs …Africa’s battery demand to increase 7-fold to 15GW by 2030, from 2GW in 2015 …But full energy access would require double the 2030 figure     Ben Eguzozie   Lumos, Nigeria’s market leader in home solar systems making reliable, clean power accessible to all, has announced a major environmental […]

Seplat Petroleum completes refinancing of its $200m reserve-based lending facility

March 18, 2021

Charles Abuede Seplat Petroleum Development Company Plc, Nigeria’s leading indigenous energy company, has announced the successful refinancing of its wholly-owned subsidiary, Westport Oil Limited, in the tune of $100 million for its reserve-based lending (RBL) facility that was due November 2023 with a new five-year $100 million reserve-based lending facility due March 2026. Seplat in […]

Fatgbems Petroleum rectifies technical issue in Abeokuta outlet

March 17, 2021

Onome Amuge Fatgbems Petroleum, one of Nigeria’s largest indigenous petroleum products marketing companies, has confirmed the completion of technical checks on its IBB Abeokuta retail outlet which was affected by flood and water contamination due to the heavy downpour which occurred over the weekend in Abeokuta, Ogun State. This was contained in a second statement in which […]

Stanbic IBTC expands services with wholly owned Life Insurance subsidiary

March 16, 2021

Stanbic IBTC expands services with wholly owned Life Insurance subsidiary

Zainab Iwayemi   Stanbic IBTC Holding Plc., a member of Standard Bank Group has added to the list of its financial services made available to the public as it introduced an insurance subsidiary; Stanbic IBTC Insurance, to focus on life Insurance. This came following approval and license issuance by the National Insurance Commission (NAICOM) which granted the […]

BUA Chairman donates N200m to Sokoto State University

March 15, 2021

Onome Amuge  Abdul Rabiu, founder and chairman of BUA Group, has donated N200 million to Sokoto State University, targeted at the construction of an ICT faculty building in the state-owned conventional degree awarding institution. The donation, which was announced during the university’s 2021 convocation ceremony held on Saturday, March 13, is projected to support the […]

Unilever launches ‘Unmute’ campaign to fight domestic violence against women

March 12, 2021

Zainab Iwayemi   In celebrating the International Women’s Day, IWD, Unilever, a consumer goods manufacturer, has launched an external campaign which it tagged ‘Unmute’, to encourage women to challenge the silence on domestic violence. Speaking on the campaign and how it would help in tackling the increasing domestic violence, Aline Santos, Executive Vice President, Marketing, […]