LCCI seeks NCC’s support in hosting 2020 ICTEL Expo in Lagos
The Lagos Chamber of Commerce and Industry (LCCI), has sought the partnership and collaboration of the Nigerian Communications Commission (NCC) for the successful hosting of this year’s edition of the Information Communication Technology and Telecommunications (ICTEL) Expo. Vice President of…
Ikeja Electric (IE) names Ms Folake Soetan Acting CEO
Nigeria’s largest Electricity Distribution Company (Disco), Ikeja Electric (IE) Plc, has announced the appointment of Mrs. Folake Soetan as its Acting Chief Executive Officer, effective March 2nd, 2020. She takes over from Dr. Anthony Youdeowei who has been the CEO…
Just in: Lafarge debunks shutdown of production at Ewekoro as WHO, NCDC visit
Contrary to the reports going round in the media that the production lines of Lafarge Africa Plc, located in Ewekoro, Ogun state have been shutdown following the announcement of a coronavirus case in Nigeria, the management of Lafarge Africa and…
n-COVID19: Lafarge identifies persons with direct contacts, quarantines all
A clear view of the identity of the Italian (name with held), who arrived Nigeria via Turkish Airlines on Tuesday with n-COVID19 (Coronavirus) infection has emerged. Lafarge Africa Cement, Friday issued a confidence building statement, saying “The individual concerned works…
DANGCEM Q4-19, 2019FY audited financials show N200.52bn PAT
Leading continental giant in cement production, Dangote Cement has posted a profit after tax (PAT) of N200.521bn for the financial year ended December 31, 2019. Fact checks showed that this is as against a profit of N390.325bn posted in 2018,…
Fertiliser backward integration loading as Dangote plant begins pre-testing
Leading continental industrial giant, Dangote Group is set to repeat the feat of backward integration it led others to achieve in cement sector few years ago in the nation’s fertilizer sub sector. Strong indication to this came as the company…
Why Nigerian Breweries reported decent Q4-19 upon operating challenges
Leading capital market analyst group, Cordros Securities has given insights on why the Nigerian Breweries reported a decent Q4-19 result despite the challenging operating environment. The new report showed that the company’s revenue growth hit a nine-quarter high, and gross…
Drogba drives $15bn tourism FDIs for Côte d’Ivoire
More African international players and celebrities both active and retired have continued to drive several degrees of continental capacity development efforts. Whereas Nigerian counterparts are bringing in socially hazardous investments mainly betting/gamingmFDIs, elsewhere, other African sports or music icons are…
NPA, Kofi Annan Centre ink deal on leadership training partnership
The Nigerian Ports Authority (NPA) has started drive to seal a working relationship with the perspicuous Ghana based Kofi Annan International Peacekeeping Training Centre (KAIPTC), in Accra. Established in 1998, the international centre provides training and research in peacekeeping and…
AfCFTA: MAN lists five key technical concerns for Nigeria’s gainful participation
Ahead of July, 2020 takeoff of the African Continental Free Trade Area (AfCFTA), the Manufacturers Association of Nigeria (MAN) has listed five key factors that will effectively determine Nigeria’s involvement in the first instance. Recall that President Muhammadu Buhari had…
