Lafarge appoints Edith Onwuchekwa acting secretary

Businessam StaffJuly 4, 2017

Lafarge Africa Plc has announced the appointment of Edith Onwuchekwa as acting secretary. The company in a statement issued by Michel Puchercos, the Group Managing Director and Chief Executive Officer (CEO), said the appointment is pending the appointment of a substantive company secretary. “Lafarge Africa Plc has approved the appointment of Edith Onwuchekwa as acting […]

Kenya’s Barclays Bank to shut down seven branches

Businessam StaffJuly 3, 2017

Barclays Bank of Kenya said on Monday it plans to close seven of its branches in the East African country in October as part of cost cutting measures, Reuters reports.  The bank is part of Barclays Africa, where majority owner Barclays Plc is reducing its stake It said the customers who hold accounts in the […]

Monarch commends Skye Bank for rewarding loyal customers

Businessam StaffJuly 2, 2017

Oba Saliu Adetunji Aje Ogungunniso 1, the Olubadan of Ibadan, has commended Skye Bank Plc., for rewarding loyal customers and helping them grow their businesses. He said this during the presentation of N1 million cheque to Ahmed Eniola Tolani, a civil servant who emerged the fourth lucky winner in the bank’s on-going “Reach for the […]

Fitch downgrades Nestle issuer-default rating to AA- with stable outlook  

Businessam StaffJune 30, 2017

Fitch Ratings has downgraded Nestle SA’s (Nestle) long-term issuer default ratings (IDR) and senior unsecured ratings to ‘AA-‘ from ‘AA’, and affirmed the company’s short-term IDR at ‘F1+’. However, the company’s outlook on the long-term IDR remains stable. The downgrade follows Nestle’s announcement of a CHF20 billion share buy-back programme commencing from 4 July 2017. […]

Arik Air resumes Abuja-Accra flights July 17

Kelvin EgerueJune 30, 2017

Effective July 17, Arik Air, Nigeria’s largest carrier, will resume daily flight operations between Abuja and Accra bringing to six, the number of airlines that shuttle the route. Arik’s Chief Executive Officer, Capt. Roy Ilegbodu, said Friday in Lagos that the resumption of flights between the two countries was part of efforts to satisfy the […]

Airbus CEO to take control of plane sales in new shake-up

Businessam StaffJune 30, 2017

Airbus is launching a reorganization of its commercial aircraft sales operations in a move likely to focus fresh attention on a delicate balance of power at Europe’s largest aerospace company, according to Investing.com’s report. From July, the globe-trotting sales team, best known for contesting leadership of the jetliner market with Boeing (NYSE:BA), will report directly […]

Emirates set to implement new U.S. travel security measures ‘as soon as possible’

Businessam StaffJune 29, 2017

Emirates, the Middle East’s largest airline, said on Thursday it would work with authorities to implement new security measures on flights to the United States “as soon as possible,” Reuters reports. U.S. authorities want increased security protocols around aircraft and in passenger areas, expanded canine screening and additional places where travelers can be cleared by […]