A leading Nigerian conglomerate with focus on manufacturing, infrastructure and agriculture, BUA Group, has ventured into oil and gas sector and signed a deal with France’s largest hydrocarbons group, Axens, to refine 200,000 barrels per day of crude oil in Nigeria.
Located in Akwa Ibom State, South-south Nigeria, the project...
With effect from tomorrow (September 1), subscribers are expected to pay more to view channels on DStv and GOtv networks.
MultiChoice argued that it has adjusted its subscription rates in order to ensure the sustainability of its business, considering financial impacts, including inflation as well as increased content and operational...
Polaris Bank has appointed Innocent Ike as Acting Managing Director/Chief Executive Officer.
The bank, in a statement, announced Ike’s appointment to succeed Adetokunbo Mukhail Abiru, who recently retired from the bank.
The outgoing managing director has been touted to become the flagbearer of the All Progressives Congress (APC) in Lagos State...
Nigeria's Minister of Finance, Budget and National Planning, Zainab Ahmed; Access Bank’s Group Chief Executive Officer, Herbert Wigwe; Governor, Central Bank of Seychelles, Caroline Abel; former Chief Executive Officer of Agusto & Co., Vivien Shobo; among others have emerged winners of the 2020 Edition of the African Banker Awards...
A Central Bank of Nigeria (CBN) data has revealed that the naira has fallen by 108 per cent against the West African CFA (popularly known as CFA).
As the West African CFA rallies to wipe out the hitherto wide trading gap between the two currencies, it gained 36 kobo from...
The Central Bank of Nigeria (CBN) for the first time last week sold the pound above N500, as naira continues to battle major headwinds.
On Wednesday, the nation’s apex bank sold a pound for N501.98 and quoted N500.659 as its buying rate.
At the parallel market, the currency is going for...
African Trade Insurance Agency (ATI) has confirmed key senior-level positions that would play an important role in steering critical support to member governments.
The appointments, which were approved by the Board of Directors, included a veteran of the World Bank’s IFC, Manuel Moses, who has been appointed as the new...
President Muhammadu Buhari has warmly felicitated with former Chairman of Nigerian Economic Summit Group (NESG), Sam Ohuabunwa, on his 70th birthday on August 16, joining friends and family members to celebrate the visionary leader, whose competence and influence have greatly impacted on the Nigerian economy and beyond.
Buhari congratulated Ohuabunwa,...
President Muhammadu Buhari Friday in Abuja assented to the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly.
The President’s action on this important piece of legislation, therefore, repealed and replaced the extant Companies and Allied Matters Act, 1990, introducing after 30 years, several corporate legal innovations...
A pan-African investment company, Heirs Holdings, has announced the appointment of Dan Okeke as the Group Executive Director with effect from August 1.
Okeke has had a distinguished three-decade career at the United Bank for Africa Plc (UBA), where he recently served as an Executive Director in charge of leading...
