Zenith Bank in strong operational performance as profit rises 10.4% to N230.56bn in FY20
Charles Abuede
February 25, 2021
By Charles Abuede Zenith Bank Plc, one of Nigeria’s systematically important bank, has maintained its strong Tier-1 position, with the delivery of strong operational performance in its 2020 full year financials just released. Despite the economic disruption brought about by the covid-19 pandemic, the bank showed resilience in 2020 reporting a robust set of […]
Tetra Pak, Onward Paper Mill sign recycling solution deal
Onome AmugeFebruary 15, 2021
By Onome Amuge Tetra Pak West Africa, a leading food processing and packaging solutions company, has initiated a recycling partnership with Onward Paper Mill to develop sustainable recycling solutions for post-consumer beverage cartons in Nigeria. According to the agreement, which is the first of its kind in the West African region,Tetra Pak aims to […]
Seplat builds NOUN university teaching centre in Sapele at N126m
Ben EguzozieFebruary 10, 2021
Under its OMLs 4, 38 & 41 GMoU Seplat Petroleum Development Company Plc, the operator of the NPDC/SEPLAT Joint Venture assets of oil mining leases (OMLs) 4, 38 and 41, in partnership with the Sapele Okpe Community in Delta State, has expanded access to equal and qualitative higher education with the commissioning of […]
Seplat completes funding for ANOH gas project with $260m raising
Ben EguzozieFebruary 2, 2021
Says project to drive energy transition in Nigeria Facility provided byconsortium of 7 banks Cost optimisation puts AGPC construction cost at $650m inclusive taxes, down from initial $700m Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both The Nigerian and London stock exchanges, on Monday announced that […]
Coca-cola’s murals celebrate Nigeria’s tenacity, unity
Onome AmugeJanuary 4, 2021
By Onome Amuge As Nigerians celebrate the onset of the New Year, the country’s leading beverage company, Coca-Cola Nigeria Limited, is set to unveil stunning wall murals across some parts of the country in commemoration of the unity and doggedness of the people irrespective of their personal and cultural differences. The murals, according […]
BUA Cement’s $1.05bn new Nigeria plants to raise capacity to 20mmt by 2022
Charles AbuedeDecember 24, 2020
By Charles Abuede China’s Sinoma CBMI wins deal to build plants in Edo, Sokoto, Adamawa New plants to be completed by close of 2022 BUA Cement Plc, a member company of BUA Group founded by billionaire industrialist, Abdul Samad Rabiu, is continuing its expansionist programme to increase its Nigeria and Africa cement production […]
Seplat Petroleum signs crude purchase agreement with Waltersmith refinery
Ben EguzozieDecember 24, 2020
CPA involves 2000–4000-bpd crude for Waltersmith’s 5,000-bpd refinery First private commercial in-country crude refining Agreement 30 days after Buhari inaugurated Waltersmith Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian and the London Stock Exchanges, has signed a crude purchase agreement (CPA) with Waltersmith Petroman Oil […]
BUA strengthens fight against Covid-19, gifts Bauchi three ambulances, 50,000 face masks
Onome AmugeDecember 8, 2020
By Onome Amuge BUA Group, one of Africa’s foremost foods and infrastructure conglomerates, has donated three ambulances and 50,000 facemasks to the Bauchi State government as part of its social responsibility efforts towards curtailing the spread of the Covid-19 virus in the country. Aliyu Idi Hong, director, government relations, BUA, while presenting the ambulances […]
UltimusHoldings signpost ambitionwith plan to invest $2bn across Africa over 10 years
Businessam StaffNovember 30, 2020
Ultimus Holdings, a pan-African investment company, has signposted its ambitious investment credentials by unfolding its plans to invest as much as $2 billion over the next 10 years across the African continent and across a number of business interests cutting across real estate & construction, services, healthcare, consumer & industrial goods, financial services & ICT. […]
CACOVID targets 4m youths in new jobs programme costing N150bn
Businessam StaffNovember 26, 2020
To renovate 44 burnt police stations; spend N100bn on police equipment The private sector led Coalition Alliance Against COVID 19 (CACOVID), has unveiled plans to empower four million youths with through an employment programme that is estimated would cost N150 billion, and it notes that once the nation’s high rate of unemployment is […]