Nestle to invest $2.1bn in recycled plastics
Businessam StaffJanuary 16, 2020
Swiss food giant Nestle said Thursday it would invest 2.0 billion Swiss francs (1.8 billion euros, $2.1 billion) over five years to cut its use of virgin plastics in favour of food-grade recycled plastics. The company, whose brands include Nespresso coffee, Vittel water and Smarties chocolates, also plans to invest in new types of sustainable […]
Sifax pledges to maintain cost effective ports for agric produce exports
Businessam StaffJanuary 13, 2020
Nigeria’s indigenous port logistics giant, SIFAX Group, says it will continue to make its ports friendly and cost effective for exportation of agricultural products as part of helping Nigerian farmers and exporters. The company said this at the just concluded “Meet the Farmers Conference” which was held in Dubai, United Arab Emirates. According to Mariam […]
Access Bank refutes arrest of GMD, Wigwe
Omobayo AzeezJanuary 12, 2020
By Omobayo Azeez Access Bank Plc. has refuted media reports that its group managing director, Herbert Wigwe was arrested by the Economic and Financila Crime Commission (EFCC) over allegation of frauds. Some online media had reported that Wigwe was arrested in connection with the assets of Orji Uzor Kalu former Abia State governor, alleged […]
Ecobank to disburse N70b agric loan, holds agribusiness, food summit in February
Businessam StaffJanuary 10, 2020
Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 Billion for practitioners in different value chains of Agriculture within the next two years. This announcement is coming just as the bank is set to organise Nigeria’s biggest agribusiness and food summit in February 2020. The agribusiness […]
BUA Cement gains 9.9% in post listing trading, boosts NSE’s capitalisation by N1tr
Adesola AfolabiJanuary 9, 2020
Oxford Business Group, Abuja Chamber sign MoU for publication of “The Report: Nigeria 2020”
Kenneth AforJanuary 8, 2020
Kenneth Afor The Oxford Business Group (OBG), a British firm of global business and economic analysts, has signed a partnership agreement with the Abuja Chamber of Commerce and Industry (ACCI,) on its planned annual report on Nigeria’s economic and business climate outlook for the year, titled “The Report: Nigeria 2020”. The two organisations signed the […]
NAICOM talks tough, liquidates two insurance firms
Businessam StaffJanuary 7, 2020
Insurance sector operators will face stricter supervision in 2020, the National Insurance Commission (NAICOM) has said, announcing its liquidation of two firms. The regulator also said it would enhance its supervisory roles through the strict implementation of rules, the introduction of new reforms and initiatives that are in line with international best practice. Sunday Thomas, […]
UBA makes new appointments into group board, Africa operations
Businessam StaffJanuary 7, 2020
By Omobayo Azeez United Bank for Africa Plc (UBA), on Monday, announced that Oliver Alawuba has been appointed as chief executive officer (CEO) of UBA Africa, overseeing the bank’s 20 African country operations, ex-Nigeria. He succeeds Victor Osadolor, who retired from the group board, after nine years of service working at UBA. UBA Africa serves […]
FirstBank mentors youth on entrepreneurship, savings culture
Businessam StaffJanuary 6, 2020
By Omobayo Azeez
Tesla delivers its first ‘Made in China’ electric cars
Businessam StaffDecember 30, 2019
Tesla has delivered its first cars made in China, marking a major milestone for the electric vehicle maker. Fifteen Model 3 sedans were handed over at the company’s so-called “Gigafactory” near Shanghai. It comes as Elon Musk’s company aims to secure a significant slice of the world’s biggest car market. Tesla’s move into the country […]