Nivea, skincare producer, donates 13,000 hand sanitizers to HiFL
Ben Eguzozie
May 12, 2021
Beiersdorf NIVEA Consumer Products Nigeria, part of the world’s largest skincare manufacturer, through its foremost brand Nivea Men, in line with its global resolve to combat the rampaging Covid-19 pandemic, has donated over 13,000 units of hand sanitizers to Higher Institution Football League (HiFL). The donation will help the organizers of HiFL, Pace Sports and […]
BUA chairman launches $100 million African development fund
Onome AmugeMarch 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
Charles AbuedeMarch 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
Ben Eguzozie in Port HarcourtMarch 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
Charles AbuedeMarch 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 […]
Airtel secures $200m investment from The Rise Fund, to invest in mobile money service expansion
Charles AbuedeMarch 18, 2021
Mobile money business now with a $2.65bn valuation Plans for a potential listing of the mobile money business within 4 years Charles Abuede Leading provider of telecommunications and mobile money services in Nigeria and Africa, Airtel Africa has announced signing an agreement with The Rise Fund, the global impact investing platform of leading alternative investment […]
Fatgbems Petroleum rectifies technical issue in Abeokuta outlet
Onome AmugeMarch 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
Zainab IwayemiMarch 16, 2021
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
Onome AmugeMarch 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
Zainab IwayemiMarch 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, […]