Category: Business

FBN Holdings Plc. is pleased to announce that its subsidiary, FBN Life Assurance Limited (“FBN Life” or “the Company”),has acquired 4,630,595,326 ordinary shares of 50kobo each representing 71.2% of the…

Efforts of the House of Representatives Committee on Petroleum (Downstream) to commence the investigation into the alleged $20 billion scandal have been stalled by the overseas trip embarked upon by…

The nation’s foremost cement manufacturer, Dangote Cement weekend at the stated that all the products rolling out from its three cement plants are certified 42.5 grade in line with international…

The Nation’s foremost sugar refinery, Dangote Sugar has demonstrated its resolve to ensure the realization of the national sugar master plan as it takes delivery of farm machinery worth $35…

The Nigerian National Petroleum Corporation (NNPC) on Thursday dismissed media reports of a looming fuel scarcity. In a press release issued by Acting Group General Manager, Group Public Affairs Division…

United Bank for Africa Plc (UBA) has extended US$700 million (N113 billion) in funding to different investors towards the acquisition of power assets in Nigeria’s recently privatized power sector. Phillips…

Nigeria’s foremost conglomerate, Dangote Industries Ltd is to invest $300 million (N50 billion) in rice production to make the country, self sufficient in rice production and also stop importation of…

Members of the Organised Private Sector (OPS) have described as unprecedented the institution and implementation of some economic policies of the federal government which have helped in reviving the hitherto…

Aliko Dangote, Africa’s richest person and the President of Dangote Group, one of the continent’s largest conglomerates is estimated to have added a whopping $9.2 billion during 2013 outgone year.…