Dangote Sugar Refinery PLC (DSR) has vehemently refuted allegations and assertions of its involvement in price fixing saying the false allegations are…
Category:
Industry
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ASR Africa Initiative – the brainchild of Abdul Samad Rabiu, Founder and Executive Chairman of BUA Group has provided a grant of…
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Dangote Cement Plc paid a tax of N97 billion for the financial year ended 31st December 2020, even as it proposed a…
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The African Export-Import Bank (Afreximbank), has said that it signed a seven-year $350 million Term Loan Facility to provide financing to OCP…
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The Edo State Government is collaborating with the United Nations Industrial Development Organisation (UNIDO) on the realisation of the state’s industrialisation drive,…
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FinanceIndustryNews
CBN restates support for manufacturing firms in Nigeria, stresses on import substitution
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has restated the Bank’s resolve to encourage firms willing to invest in…
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National Bureau of Statistics NBS, has said that Nigeria’s Gross Domestic Product (GDP) grew by 0.11 per cent(year-on-year) in real terms in…
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BUA Cement, said it made N209billion in its unaudited 2020 full year financial accounts representing an increase of 19 per cent from…
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BUA Cement PLC, said that it has successfully concluded its N115billion Series 1 Fixed Rate Senior Unsecured Bond Issue (the “Bond or…
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FinanceIndustryNews
Afreximbank signs framework agreement with African Energy Investment Corporation
A Framework Agreement was signed on December 1st in Cairo between the African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, and…
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Honda is launching a new version of its Legend sedan that will take over for drivers on busy highways after the company…
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BusinessIndustryNews
Electric car batteries are catching fire, that could be a big turnoff to buyers
(CNN)Automakers seeking to forge ahead in the electric vehicle market have been hitting a bump in the road recently: batteries keep catching…
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Dangote Group has said that its $2billion granulated urea fertiliser plant located at Ibeju Lekki, Lagos will start production before the end…
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Flour Mills of Nigeria Plc has said that it grew its revenue by 31.1 per cent in the first half of 2020…
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The Manufacturing Purchasing Managers’ Index (PMI), for the month of October, indicating a slowing of contraction as it stood at 49.4 index…