INTBREW in merger talks with Intafact Beverages, Pabod Brewer

International Breweries PLC (INTBREW) has given notice of a proposed merger with Intafact Beverages Limited and Pabod Breweries Limited. The merger, which has since been approved by the board of International Breweries PLC is pending regulatory approvals. The merger between the three Anheuser Busch Inbev subsidiaries is expected to provide additional competition in the beverage […]

Lafarge, Unicem in business combination for size, competition

The shareholders of Lafarge Africa Plc, coming out of the company’s 58th Annual General Meeting (AGM) in Lagos Wednesday approved the proposed business combination with Unicem that would see the size of the company increase to position it for market competition. They also approved the payment of N1.05 as dividend per share presented by the […]

Ikeja Electric taps Deloitte to manage whistle-blowing platform

Ikeja Electric Plc, the electricity distribution company with coverage across parts of Lagos and Ogun states, has engaged the services of Deloitte, a leading Nigerian professional service firm, to manage a new platform it is dedicating to whistle-blowing by customers who have information that could help reveal illegal and unethical activities in its network. The […]

Stanbic IBTC Bank engages clients on employee productivity

Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has hosted the Human Resources Managers of the companies to a breakfast seminar with the theme “Increasing employee productivity through engagement”, with the keynote lecture delivered by principal partner, Philips Consulting, Foluso Philips. At the workshop organised at The Renaissance Hotel in Ikeja G.R.A. […]

Rio Tinto debt reduction proves popular with investors

Rio Tinto has repurchased $781m (£605m) of its bonds ahead of time as part of a wider $2.5bn debt reduction programme. The world’s second largest miner revealed plans to use cash reserves to reduce its debt burden on 22 May. The first tranche was due to be extinguished by 19 June. But in a short […]

AT&T reaches a tentative agreement with 17,000 workers

AT&T West, along with subsidiary DIRECTV, has reportedly reached a tentative agreement with 17,000 of its employees by working closely with the Communication Workers of America, but talks are ongoing with a large number of employees. The agreement that has been reached is tentative in nature. The deal was brokered by District 9 of the […]

British Airways’ reputation hurt by systems failure, Willie Walsh admits

The image of British Airways was damaged by the systems failure which grounded an estimated 75,000 passengers last month, Willie Walsh, the head of its parent company, IAG, has admitted. Mr Walsh, who was attending the summit of the aviation trade body, the International Air Transport Association in Cancun, voiced confidence that there would be […]