Alhaji Aliko Dangote’s Dangote Industries Limited (DIL) may soon launch a mandatory takeover bid for minority shares in Tiger Branded Consumer Goods Company (TBCG) Plc. DIL last week concluded the acquisition of the majority equity […]
Shareholders of Oando Energy Resources (OER) Inc- the Toronto Stock Exchange (TSX)-listed exploration and production subsidiary of Oando Plc, have approved the proposal by Oando Plc to buy out the outstanding minority shareholdings in the […]
Liberty Holdings Ltd., the insurer controlled by Standard Bank Group Ltd., said it wants to expand further in Nigeria as profit from its operations across the continent rises, outstripping sluggish growth in South Africa, where […]
Recently, the Consumer Protection Council (CPC) announced that it had “substantiated” allegations of abuses of consumer rights brought before the council against MultiChoice Nigeria, the owner of the Digital Satellite Broadcast Television (DStv). The federal […]
President Muhammadu Buhari on Thursday welcomed an offer by the Islamic Development Bank to organise a financing round-table in Abuja to mobilise more funds for investment and development of infrastructure in Nigeria. According to a […]
Ecobank Nigeria on Thursday said that the recent reorganisation that affected some senior staff was designed to strengthen the bank’s business across all markets. This is contained in a statement issued by the bank and […]
It’s been a while since I paid any serious attention to Samsung devices, but at MWC the company caught my eye. The S7, which was announced on Sunday at the company’s Unpacked event doesn’t look […]
South Africa’s grain-milling body is opposing a request by the nation’s biggest corn-farmers’ lobby to review a tariff on imports of the country’s staple food as this will lead to higher prices that will burden […]
The scarcity of dollars in the country has left traders with no option than to be thronging some commercial cities in the country to buy goods in order to remain in business. Some of the […]
The strike action embarked upon by the Association of Master Bakers and Caterers of Nigeria (AMBCN) and Arewa Master Bakers Forum last week caused bread to disappear from the shelves in several urban centres. The […]
The Bank of Industry (BoI) has announced a profit after tax of N12 billion and an exceptional income of N37 billion from the disposal of WAMCO shares for the financial year The bank, which hinged […]
Arik Air, West and Central Africa’s largest carrier, is increasing its frequency on the Lagos-Dakar (Senegal) route to a daily service up from six weekly flights commencing February 22, 2016. The new schedule will operate […]
Volkswagen AG’s diesel-emissions cheating scandal weighed on the German carmaker’s European market share for a fifth consecutive month as deliveries dropped in its home country and the U.K. Registrations in the region by VW’s namesake […]
Chinese banks have started the New Year with some familiar bad habits. The country’s lenders dished out a hefty 2.5 trillion yuan ($385 billion) in new loans in January as the central bank pumped cash […]
NIGERIAN Breweries Plc has announced 10.3 per cent increase in revenue from N266 billion recorded in 2014 to N293 billion in 2015. In its 2015 audited results filed with the Nigerian Stock Exchange, the company’s shareholders would […]
As a result of its economy of scale occasioned by the recent introduction of new production lines in Okpella Edo State and Itori in Ogun State worth nine million metric tonnes, Dangote cement has slashed […]
Ondo State, GTBank, Dunn Loren Merrifield, Etisalat are among 16 corporate entities/governmental bodies listed as the 20 Consumer Brands of the year by consumersng, an online platform advocating for a more consumer-centric ambience. The winners […]
Nigeria and five other African countries are to benefit from the collaboration between the African Union Commission and the United Nations’ Food and Agriculture Organisation aimed at combating land degradation, desertification and drought. In an […]
Gold edged up to a three-month high early on Tuesday as weak global manufacturing surveys soured appetite for risky assets and pushed investors toward safe havens. Spot gold was little changed at $1,128.80 an ounce […]
Alphabet unofficially overtakes Apple’s value in after-hours trading despite its ‘moonshots’ losing it $3.5bn over 12 months. Google’s parent firm is on the verge of overtaking Apple as the world’s most valuable company by market […]
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