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APPLY: No BSc required as Lafarge announces programme for secondary school leavers
Lafarge Africa Plc has announced application for its 2021 technical skills development programme for secondary school leavers. The application is for a three-year multi-skilled vocational training programme…
Row over N10b COVID-19 bailout to auto industry
The N10billion COVID-19 bailout as intervention fund to operators in the auto industry, expected to rescue ailing companies and firms to reposition the sector, seems to be shrouded in controversy.…
GTBank Shareholders Endorse N3.00 Total Dividend for 2020, Applaud Agbaje’s Leadership
Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend of N3.00 per share to shareholders for the financial year ended Dec.…
China slams $2.5b fine on Jack Ma’s Alibaba Group
China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had…
Foreign reserves rise to $34.85b on ‘Naira for Dollar’ policy
The ‘Naira for Dollar’ policy of the Central Bank of Nigeria (CBN) has led to positive accretion to the foreign reserves exactly one month after takeoff. The foreign reserves, on April 1, stood at $34.85 billion,…
Dangote Sugar denies involvement in price fixing, asserts its strong participation in the NSMP
Dangote Sugar Refinery PLC (DSR) is aware of an online publication claiming that Dangote Sugar Refinery PLC is engaging in price-fixing and is not honestly engaged in any Backward…
‘Dangote questioning Buhari’s authority’ — BUA fires back at moves against sugar factory
BUA Group has fought back at claims by Dangote Industries Limited and Flour Mills of Nigeria that its sugar refinery “poses a threat” to the Nigerian local sugar industry. Aliko Dangote, chairman of Dangote Industries…
Dangote Launches Drivers’ Training Centre to Curtail Crashes
As part of measures to curb road traffic crashes (RTC), the Dangote Cement Plc has launched a drivers’ training centre at the Dangote Cement Plant…
NIRSAL debunks corruption allegation over handling of ABP, threatens litigation
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has debunked reports that the Central Bank of Nigeria has suspended further disbursements to the agency over allegations of corruption in…
Billionaires list: Dangote, Adenuga, Rabiu’s wealth rises by $5.7bn
The combined net worth of three of Nigeria’s richest persons increased by $5.7bn in one year to $22.5bn, according to Forbes’ 2021 World’s Billionaires list. The…
DPR revokes Addax Petroleum oil mining licences
The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licences (OML) belonging to Addax Petroleum due to the non-development of the assets by the petroleum company. The affected assets are OML 123,…
Forbes officially declares Kim Kardashian a billionaire
American Reality TV star, Kim Kardashian has been officially declared a billionaire by Forbes magazine. The rating blog made the pronouncement on Tuesday, saying the media…
Demutualisation: Oscar Onyema Completes Tenure as NSE CEO, Transitions into Group CEO
Oscar N. Onyema, OON has now completed his tenure as the Chief Executive Officer (CEO) of The Nigerian Stock Exchange (NSE or The Exchange). In commemoration of his exemplary leadership, he was honoured with a…
NNPC, Tecnimont SpA sign contract for $1.5bn PH refinery rehabilitation
The Nigerian National Petroleum Corporation (NNPC) and Tecnimont SpA, an Italian engineering company, on Tuesday, signed the engineering procurement and construction (EPC) contract for the rehabilitation of the…
NIRSAL recovers 51 per cent of legacy loans
The Managing Director, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) Aliyu Abdulhameed has recovered 51 per cent of legacy loans.…
LG announces shutdown of mobile phone business
The South Korean electronics manufacturer, LG Electronics officially announced the shutdown of its mobile division worldwide. According to a statement by the…
DISCOs’ debts to NBET hit over N500bn in one year
The indebtedness of the electricity distribution companies (DISCOS) to the Nigerian Bulk Electricity Trading Plc (NBET) has hit a record N510.53billion in the last 12…
Ekiti did not sell its shares in Wema Bank
The management of Wema Bank Plc has refuted media reports of purported sale of Ekiti state government shares in the bank. The bank in a statement by Funmilayo Falola, Head,…
Easter: Prices of perishables soar in Lagos markets
Two days to the Easter Celebration, prices of perishable food items have soared in major markets in Lagos, the News Agency of Nigeria (NAN) reports. A survey conducted by…
South Africa’s MTN, Looking to Build a Monopoly, Blocks Access to USSD Services for Nigerians
Fresh off its hiking of transfer charges on USSD and just over a year after the Nigerian government somewhat pardoned it for not paying over $2 billion in dodged taxes, MTN is looking to drive Nigerian SMEs who…
DBN Disburses N191.7bn In 2020 To SMEs
Development Bank of Nigeria (DBN) Plc, has disbursed N191.7bn to small- and medium-scale enterprises in 2020, representing 89 percent increase on the…
Microsoft wins $22b US military contract for augmented reality headgear
Microsoft has won a Pentagon contract for augmented reality headgear for soldiers worth $21.88 billion over the next decade, the company and the…
‘It’s contrary to principle of law’ — Eni kicks against retrial of OPL 245 case in Nigeria
Eni, an Italian oil and gas company, says there are no reasons for a new trial in Nigeria after an Italian court acquitted it of corruption charges in the…
Access Bank buys South Africa’s Grobank for $60m
Nigeria’s biggest lender Access Bank has bought a controlling stake in South Africa’s Grobank for around $60 million. The bank’s CEO Herbert Wigwe said Access will shore up Grobank’s capital. With the…