Waltersmith, UNIDO, UNECA plan industrial park for Imo State
Dikachi Franklin
July 14, 2021
By Dikachi Franklin, in Owerri Waltersmith Petroman Nigeria Limited, an indigenous oil company and United Nations Industrial Development Organisation (UNIDO), in collaboration with the United Nations Economic Commission for Africa (UNECA) will build an industrial park in Ohaji /Egbema local government area of Imo State. According to Chikezie Nwosu, the chief executive officer (CEO) […]
DangCem deploys 2000 trucks worth $150m for product distribution
Onome AmugeJuly 12, 2021
Dangote Cement, Nigeria’s leading cement production company, has rolled out over 2,000 trucks worth $150 million for distribution services, with the target to assuage the challenges affecting the ease of distribution and availability of cement across the country, especially among its value-chain service providers. The investment, according to the company, includes purchase of trucks, trailers, […]
Dangote Cement’s share buy-back until January 2022 gets SEC approval
Charles AbuedeJuly 11, 2021
Africa’s largest cement producer, Dangote Cement Plc, has disclosed that the proposed renewal of its share buy-back programme until January 21 2022 has received a positive nod from the Securities and Exchange Commission (SEC). Dangote Cement in a disclosure filed to the Nigerian Exchange Group (NGX) on Friday said the buy-back programme will be executed […]
Siemens Energy, GIL Automation sign agreement to enhance local content in Nigeria
Businessam StaffJuly 8, 2021
Siemens Energy has signed an agreement with GIL Automation to boost the development of local content in Nigeria, in the form of training, skill developments and joint project execution, at the Siemens Energy Rotating Equipment Workshop in Port Harcourt. The agreement highlights Siemens Energy’s ongoing commitment to enhancing the development of the local economy through […]
Lifestyle Asset Hub’s social funding housing scheme delivers first set of houses to subscribers
Ben EguzozieJuly 7, 2021
Opens locations in Enugu, Owerri, Ibadan, Kano, Abuja, Lagos, Accra, Yaoundé Lifestyle Asset Hub, with its novel social funding scheme which provides houses for Nigerian workplace professionals, has begun delivering the first set of houses to early subscribers of the scheme. This was done in Port Harcourt, the nation’s oil hub, which, according to […]
ACCI, NASRDA urge private sector to explore business side of space
Zainab IwayemiJuly 7, 2021
Advocate partnership to explore FDI Al-Mujtaba Abubakar, president, Abuja Chamber of Commerce and Industry (ACCI), and Halilu Shaba, director-general, Nigeria Space Research and Development Agency (NASRDA), have advocated collaboration with the private sector to sensitise businesses and explore areas of opportunities in space. Both parties made this call during an interactive session at the […]
PenCom okays RSA non-interest investment window for Sigma Pensions
Zainab IwayemiJuly 6, 2021
The National Pension Commission (PenCom) has approved the RSA Fund VI non-interest investment for Sigma Pensions Limited to provide retirement savings in line with moral beliefs and values that enhance ethical investing. As a pioneer of the non-interest RSA fund, also known as Fund VI, the development gives the PFA an edge to deepen the […]
BUA Cement chairman, Rabiu, gifts employees N2bn worth of his shares
Charles AbuedeJuly 1, 2021
Firm still trending on profitability path for 2021 As part of efforts to reward the hard work of employees, Abdul Samad Rabiu, the largest shareholder and chairman of Nigeria’s second-largest publicly listed manufacturing company, BUA Cement Plc, has announced a share bonus gift worth almost N2 billion, from his pool of shares, for […]
eTranzact founder canvasses good strategy formulation to birth globally competitive businesses
Ben EguzozieJuly 1, 2021
Serving customers’ need best competitive edge to success Says different ways to compete depending on market type Using a good strategy formulation, which seeks to satisfy a clearly identified market segment or customer base, amid competing to be unique in one’s business area, constitutes the best options that Nigerian upcoming and existing businesses can adopt […]
Flour Mills revenues soar to N771.6bn on strong segment performance
Charles AbuedeJuly 1, 2021
Agro-allied segment rakes in N139.4bn revenue despite CBN’s FX restrictions on wheat importation Flour Mills, just like its close competitor, Honeywell Flour Mill, has reported stellar performance with an impressive 34.5 percent year on year increase in revenue to N771.6 billion in 2021 from N573.8 billion in 2020, driven by robust growth across […]