Michel Puchercos resigns as Lafarge MD, joins rival Dangote Cement

December 27, 2019

Michel Puchercos resigns as Lafarge MD, joins rival Dangote Cement

The management of Dangote Cement Plc has announced the appointment of  as the new managing director of the company. The new MD’s appointment becomes effective on February 1, 2020, a disclosure notice by the company said. Puchercos’s appointment was made public after he resigned from rival cement company, Lafarge Africa Plc. The Board of Lafarge […]

Rivers state wins 2019 Lafarge Africa national literacy competition

Businessam StaffNovember 7, 2019

Rivers state wins 2019 Lafarge Africa national literacy competition

After having the highest overall score, Rivers state was crowned winners of the 6th edition Lafarge Africa National literacy competition. The grand finale of nationwide literacy competition, which took place in Lagos, witnessed a spectacular performance from Emmanuelle Nuakuadeekari and Prosper Barikpoe, representatives of Rivers, as they trounced more than 16,000 other pupils on their […]

NDDC’s N1bn a month super agent fee exposes its financial rot

November 7, 2019

NDDC's N1bn a month super agent fee exposes its financial rot

Ben Eguzozie, in Port Harcourt Federal Government quango, the Niger Delta Development Commission (NDDC), is now locked in a financial crisis of confidence with a consulting firm over monthly payment of N1 billion to the firm known as “agent fee.”  The money is said to be three percent ‘agent fee’ paid every month by the […]

NSE lifts R.T Briscoe’s suspension

Afolabi OluwaseunSeptember 18, 2019

The Nigerian Stock Exchange (NSE) today, announced that it has lifted the suspension it had earlier placed on the shares of R.T. Briscoe Nigeria Plc, after the club failed to submit its financials as at when due. In a statement signed by Godstime Iwenekhai, NSE’s Head of Listings Regulation Department, the exchange stated that the […]

Nigerian bourse okays 33 companies, 435 directors on governance rating

Andy NssienJanuary 22, 2018

The Steering Board of the Corporate Governance Rating System (CGRS) says it has passed 25 companies which successfully scaled its rating test, having scored the required pass mark of 70 percent, whilst 87 others are at various stages of completing the process. The 25 successful companies join eight other firms that retained their rating from […]