NCDMB Pockets N450m Interim Dividend from Waltersmith Refinery
The Nigerian Content Development and Monitoring Board (NCDMB) has revealed that it had received an interim dividend payment of N450 million out the N1.5bn declared by the Waltersmith Refinery and Petrochemical Company Limited. This payment represents NCDMB’s 30% share in…
NGX Holds 63rd AGM as Shareholders approve key resolutions
Nigerian Exchange Group Plc (NGX Group), a leading integrated market infrastructure group in Africa, convened its 63rd annual general meeting at the Nigerian Exchange Group House on Monday, April 29, 2024. During the gathering, the Group concluded on ordinary and…
Our Truck not involved in the Okene accident, says Dangote Cement
Contrary of earlier speculations, Dangote Cement Plc has disowned a truck laden with cement that collided with a bus on Okene-Lokoja bypass in Kogi State, leading to the death of some passengers. The company however expressed sadness over the incident…
Can Nigeria Really Gain from that AP Moller’s $600m Investment?
Whereas the global leader in containerized seaport business, AP Moller-Maersk plans to invest $600 million in its port in Nigeria, everybody, even the Federal Government are expressing happiness. But have we sat down to analyse what the foreign investor really…
FG’s Executive Orders Driving Much Needed Gains in Oil Sector—Seplat Energy
Indigenous leading independent energy company, Seplat Energy PLC, listed on both the Nigerian Exchange and the London Stock Exchange, has announces its unaudited results for the three months ended 31 March 2024, declaring US 3 Cents dividend per share for…
How Stakeholders Nodded to Zenith Bank’s Holdco Structure
Shareholders of Zenith Bank Plc have unanimously approved the restructuring of the Bank to a holding company during a court-ordered Extraordinary General Meeting (EGM) held virtually from Zenith Heights, Zenith Bank Plc, Victoria Island, Lagos, on Friday, April 26, 2024….
Customs Visits Family of Stampede Victims with Support items
The Nigeria Customs Service (NCS) has reached out to the family of Susan Odulaja, one of the victims of the tragic stampede that occurred during the sale of 25kg bags of rice in Lagos on February 23, 2024. The Comptroller-General…
Inter-Agency Collaboration Yields Fruitful Results in Anti-Smuggling Efforts
The Nigeria Customs Service, Kano/Jigawa Area Command, in collaboration with other security agencies, has made a significant seizure at the Mallam Aminu Kano International Airport. At approximately 01:00hrs today, a passenger arriving from Cairo via Ethiopian Airlines flight ET941 was…
Reduce costs of production via infrastructure sharing, NCC tells MNOs
The management of the Nigerian Communications Commission (NCC) has once again, called on Main Network Operators MNOs, who are leading members of ALTON and ATON to reduce their rising operational costs by sharing infrastructures. NNC made the call amidst an…
Dangote Cement export of clinker, cement jump by 87.2%
The Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and Cameroon and that the export, for the first quarter of 2024 increased by 87.2 percent at 264kt. While the…
