TotalEnergies set to restart CSR initiative in Egi host community

Ben EguzozieJuly 19, 2021

TotalEnergies set to restart CSR initiative in Egi host community

TotalEnergies Nigeria (formerly Total E&P), a subsidiary of French global oil and energy giant, Total Corporation, is restarting its ‘Catch Dem Young’ (CDY) initiative, a corporate social responsibility (CSR) project to support gifted indigent students chosen from 13 Egi land communities of Rivers State, which is the company’s key host community. The project, an educational […]

Waltersmith, UNIDO, UNECA plan industrial park for Imo State

July 14, 2021

Waltersmith, UNIDO, UNECA plan industrial park for Imo State

By Dikachi Franklin, in Owerri    Waltersmith Petroman Nigeria Limited,  an indigenous oil company and United  Nations Industrial Development Organisation (UNIDO), in collaboration with the United Nations Economic Commission for Africa (UNECA) will build an industrial park in Ohaji /Egbema  local government  area of Imo State. According to Chikezie Nwosu, the chief executive officer (CEO)  […]

DangCem deploys 2000 trucks worth $150m for product distribution

Onome AmugeJuly 12, 2021

DangCem deploys 2000 trucks worth $150m for product distribution

Dangote Cement, Nigeria’s leading cement production company, has rolled out over 2,000 trucks worth $150 million for distribution services, with the target to assuage the challenges affecting the ease of distribution and availability of cement across the country, especially among its value-chain service providers. The investment, according to the company, includes purchase of trucks, trailers, […]

Dangote Cement’s share buy-back until January 2022 gets SEC approval 

Charles AbuedeJuly 11, 2021

Dangote Cement’s share buy-back until January 2022 gets SEC approval 

Africa’s largest cement producer, Dangote Cement Plc, has disclosed that the proposed renewal of its share buy-back programme until January 21 2022 has received a positive nod from the Securities and Exchange Commission (SEC). Dangote Cement in a disclosure filed to the Nigerian Exchange Group (NGX) on Friday said the buy-back programme will be executed […]

Siemens Energy, GIL Automation sign agreement to enhance local content in Nigeria

July 8, 2021

Siemens Energy, GIL Automation sign agreement to enhance local content in Nigeria

Siemens Energy has signed an agreement with GIL Automation to boost the development of local content in Nigeria, in the form of training, skill developments and joint project execution, at the Siemens Energy Rotating Equipment Workshop in Port Harcourt. The agreement highlights Siemens Energy’s ongoing commitment to enhancing the development of the local economy through […]

ACCI, NASRDA urge private sector to explore business side of space

Zainab IwayemiJuly 7, 2021

ACCI, NASRDA urge private sector to explore business side of space

Advocate partnership to explore FDI   Al-Mujtaba Abubakar, president, Abuja Chamber of Commerce and Industry (ACCI), and Halilu Shaba, director-general, Nigeria Space Research and Development Agency (NASRDA), have advocated collaboration with the private sector to sensitise businesses and explore areas of opportunities in space. Both parties made this call during an interactive session at the […]

PenCom okays RSA non-interest investment window for Sigma Pensions 

Zainab IwayemiJuly 6, 2021

PenCom okays RSA non-interest investment window for Sigma Pensions 

The National Pension Commission (PenCom) has approved the RSA Fund VI non-interest investment for Sigma Pensions Limited to provide retirement savings in line with moral beliefs and values that enhance ethical investing. As a pioneer of the non-interest RSA fund, also known as Fund VI, the development gives the PFA an edge to deepen the […]

BUA Cement chairman, Rabiu, gifts employees N2bn worth of his shares 

Charles AbuedeJuly 1, 2021

BUA Cement chairman, Rabiu, gifts employees N2bn worth of his shares 

  Firm still trending on profitability path for 2021   As part of efforts to reward the hard work of employees, Abdul Samad Rabiu, the largest shareholder and chairman of Nigeria’s second-largest publicly listed manufacturing company, BUA Cement Plc, has announced a share bonus gift worth almost N2 billion, from his pool of shares, for […]