ABCHealth head-hunts ex-PwC, EY executive, Mories Atoki, as CEO
Businessam StaffMay 28, 2020
Mories Atoki, a former executive of the Nigerian offices of two of the Big 4 global financial and auditing services firms, PriceWaterhouseCoopers (PwC) and Ernst & Young (EY), has been headhunted by African Business Coalition for Health, a not-for-profit advocacy driven organisation, to join it as its chief executive officer (CEO). Atoki worked in tax […]
Dangote, MTN, most admired African brands, GTB comes tops in financial services
Businessam StaffMay 26, 2020
Dangote Group, the self-named conglomerate founded by Africa’s richest man, Aliko Dangote, has for the third consecutive year emerged as the most admired brand of African origin, by consumers. This year, it is sharing the accolades with African multinational telecommunication giant, MTN following a survey involving 100 Africa best brands. The results of the survey […]
CBN, others donate medical equipment to Kogi
Businessam StaffMay 25, 2020
The private sector-led Coalition Against COVID-19 said it had donated health equipment worth millions of naira to a new isolation centre established in Lokoja by the Kogi State government. CACOVID said the donation of the equipment was a joint initiative between the Central Bank of Nigeria and the leaderships of other private sector groups in […]
Edo State says video on Dangote truck inaccurate, misleading
Businessam StaffMay 21, 2020
The Edo State government on Thursday described as misleading and inaccurate a social media trending video that linked a purportedly impounded Dangote truck with allegedly conveying arms and other contraband materials. The truck had been alleged to be recently impounded by the Nigeria Drug Law Enforcement Agency (NDLEA) in Benin City. But the state government, […]
Akwa Ibom-run airliner, Ibom Air, ramps up operations with fourth aircraft acquisition
Ben EguzozieMay 21, 2020
Akwa Ibom State is carefully ramping up an aviation business it began nearly four years ago, with increase in its aircraft fleet in a bid to capture a bigger share of Nigeria’s much-unharnessed industry. The government run airlines company, Ibom Air, has taken delivery of a fourth aircraft, a 90-seater CRJ900 bombardier, thereby expanding the […]
Revenues rise 47.5% to N176bn, profits up 69.1% to N66bn as BUA Cement files 2019 performance at NSE
Phillip IsakpaMay 20, 2020
Nigeria’s second largest cement producer, BUA Cement plc, part of the group founded by Forbes listed billionaire, Abdul Samad Rabiu, Wednesday reported that its 2019 revenues were in excess of N175 billion, a performance that was 47.5 percent higher than it posted for 2018. In a filing of its full year audited financial results made […]
PwC executes N100m COVID-19 intervention
Omobayo AzeezMay 19, 2020
By Omobayo Azeez PwC Nigeria, the professional services firm, has instituted a N100 million intervention fund to support individuals, businesses and government in responding to the impact of the COVID-19 pandemic in Nigeria. In a statement issued by the firm, it explained that the COVID-19 intervention fund tagged “PwC Cares” is in line with the […]
Lafarge Africa declares N8.1bn PAT in Q1 2020
Omobayo AzeezMay 18, 2020
By Omobayo Azeez Lafarge Africa Plc has released its unaudited results for the period ended March 31, 2020 in which it declared a 28 per cent increase in its profit after tax (PAT) to N8.1 billion, up from N6.3 billion in Q1, 2019. According to the report filed at the Nigerian Stock Exchange (NSE) on Friday, […]
Heritage Bank’s CEO, Sekibo, proffers hints for sustainable economy growth
Omobayo AzeezMay 13, 2020
By Omobayo Azeez In light of the sharp dwindling in the global economy occasioned by Covid-19 pandemic, the Ifie Sekibo, MD/CEO of Heritage Bank Plc, has hinted on factor that can ring the disrupted economy back on its feet. According to him, with partnership, truth, character and rigorous commitment to businesses, the micro, small and […]
Lockdown: Airtel Nigeria partners FG to offer free online education
Omobayo AzeezMay 12, 2020
By Omobayo Azeez Airtel Nigeria says it is collaborating with the Federal Government to offer free qualitative education for students across the country during the COVID-19 lockdown period. Emeka Oparah, its director of corporate communications and corporate social responsibility (CSR) recently said this in Lagos. Oparah said the company had decided to waive data charges […]