Dangote Industries Limited has completed the listing of the firm’s N300bn series 1 and 2 bonds on Nigerian Exchange Limited and the FMDQ in Lagos.
The Group Managing Director of DIL, Olakunle Alake, during the listing ceremony, told investors that the bonds were primarily for part-financing the Group’s 650,000 bpd refinery project.
He explained that the decision of the company to issue bonds…
Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date.
The company’s chairman and CEO, Daniel Zhang, said the restructuring would enable each separate business to pursue its…
The Chief Executive Officer of VerifyMe, Esigie Aguele, says artificial intelligence will help accelerate Africa’s drive towards achieving open finance and bridging the continent’s $120bn lending gap.
Aguele made the projection while speaking on a TV business programme…
The Co-founder and Chief Executive Officer of Paystack, Shola Akinlade, has bought a 55 per cent stake in second-division Danish club, Aarhus Fremad.
The deal which was announced on Tuesday will see Aarhus Fremad become a sister club to Sporting Lagos FC, a Lagos-based football club in the Nigeria National League founded by Akinlade in 2022.
According to a statement by Sporting, the deal will…
Cadbury Nigeria Plc has said that winners of Season 4 of its Bourn Factor School Talent Competition have emerged.
The company, in a statement, noted that the winners emerged from different states across the country.
It disclosed that the competition, which has been running…
Lapo Microfinance Bank has rewarded its customers with cash prizes in its raffle draw promo.
During the live draw that took place at its head office in Lagos, Lapo said it organised the event to encourage savings culture among Nigerians.
At the promo, 170 winners got…
Fast Moving Consumer Goods, Unilever Nigeria, has said that it will be exiting the home care and skin cleansing markets to reposition its business for sustained profitability.
This was revealed in a corporate notice to the Nigerian Exchange Limited and signed by its Company Secretary, Abidemi Ademola.
The company said that it was changing its business model to accelerate the growth of the company…
The board of Dangote Sugar refinery plc has appointed Yabawa Lawan Wabi, as an Independent Non-Executive Director.
According to a corporate notice signed by the Company Secretary, Temitope Hassan, the appointment was approved by the board at its meeting held on February…
One of Nigeria’s leading financial institutions, Wema bank commemorated the 2023 edition of the International Women’s Day on March 8th in grand style as women from various fields converged on the prestigious Civic Center in Lagos to discuss the significance of gender…
The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from office following the order of a Federal High Court in Lagos.
The court restrained Brown from parading himself as the firm’s CEO pending the determination of a suit filed against him and others by aggrieved stakeholders of the company.
The aggrieved stakeholders accused Brown of racism, favouritism for expatriate…