Flutterwave,Dangote Group join Milken Institute’s Africa leadership business council  to strengthen African presence

Joy Agwunobi  The newly formed Africa Leaders Business Council, established by the Milken Institute, has welcomed payments fintech powerhouse Flutterwave, as well as the Dangote Group, into its fold. This recognition comes on the heels of the council’s recent launch, which seeks to deepen the Institute’s engagement and partnerships across Africa. The council, according to […]

CAC threatens to cancel certificates of over 4000 BDCs with revoked CBN Licences

Don't come to our offices, CAC tells customers

Joy Agwunobi  The Corporate Affairs Commission (CAC) has ordered the 4,173 affected BDCs in Nigeria to modify their registered business names within three months or face license revocation. This move follows the CBN’s decision to revoke their licenses, effectively rendering them unable to carry out currency exchange services. The CAC, in an official statement released […]

BUA Group debunks allegations of cement truck’s involvement in Anambra road crash

NSDC chief sees BUA Foods helping Nigeria meet 25% sugar requirement

Business a.m. BUA Group has refuted allegations  surrounding an unfortunate incident that took place on Agulu-Agwubu Road  in the Orumba North Local Government Area of Anambra State, clarifying that the truck involved in the accident that led to the death of five people, injuring six others,  is not associated with the company. The clarification comes […]

UBA’s Alawuba appointed chairman CIBN Body of Banks’ CEOs

Business a.m. Oliver Alawuba, group managing director and chief executive officer of United Bank for Africa (UBA) Plc, has been appointed chairman of the Chartered Institute of Bankers of Nigeria (CIBN) Body of Banks’ CEOs Alawuba’s appointment, according to the organisation, underscores his extensive experience and visionary leadership in the banking sector, as well as […]

NNPC canvasses energy funding institutions in Africa for projects

The Nigerian National Petroleum Company Limited is canvassing in Nigeria and across Africa more institutions with the capacity to fund energy projects that would lead to tackling energy poverty on the continent. Umar Ajiya, NNPC Ltd’s chief financial officer made the call at the 23rd Nigeria Oil Gas Conference and Exhibition (NOG Energy Week) in […]

Seplat CEO pushes speedier divestment process to enhance Nigeria’s oil production 

Business a.m. Reporter A speedier process in the divestment of oil assets in Nigeria has huge potential of raising the country’s oil production, says Roger Brown, the chief executive of independent oil company, Seplat Energy Plc. Brown, who leads the company quoted on both the Nigerian and London Stock Exchanges, said the country’s sub-surface potentials […]

Dangote Refinery key to solving Nigeria’s FX crisis, economic instability – S&P 

Business a.m. An evaluation by S&P Global has suggested that Dangote Oil Refinery and Petrochemicals Company, with its potential to refine up to 650,000 barrels per day, holds the key to the possible solution of Nigeria’s long-standing foreign exchange challenges and the immense pressure on the local currency.  The Manhattan-based international financial analytics corporation, S&P […]

Nigeria manufacturing sector’s setback continues as FDI down 57.4% in Q1’24

Nigeria’s agriculture, manufacturing sectors face Q2 setbacks, says LCCI

Onome Amuge The Nigerian production and manufacturing sector experienced a steep decline in foreign investment inflows in the first quarter of 2024, data from the National Bureau of Statistics (NBS) has shown. The numbers indicate a 57.36 percent drop in investment compared to the previous quarter, with the sector plunging from N450.11 billion in Q4 […]

Revitalise your organisation: Inspire sustainable growth in a recovering economy

In an era of unprecedented volatility, senior executives grapple with a myriad of challenges that necessitate innovative strategies and resilient leadership. The TEXEM programme in Lagos, scheduled for July 17-18, 2024, presents a transformative opportunity to invigorate your organisation and foster sustainable growth in a recovering economy. Here’s why attending this programme is a strategic, […]