Nigeria and India are to chair the Commonwealth Finance Ministers Working Group, while India will be chair, Nigeria will be the deputy even as the Ministers from various Commonwealth countries called for a systemic reform of the global financial architecture to enhance access to development financing for vulnerable countries. The ministers agreed for India to […]
Read MoreDespite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of sugar next season. The dividend payout will translate to N1.50 kobo per share held by shareholders. Chairman of […]
Read MoreThe Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account. This is contained in the recently released exposure draft of guidelines on the Management of Dormant Accounts, Unclaimed Balances and Other Financial Assets in Banks and Other […]
Read MoreShareholders and other stakeholders of Dangote Cement Plc have the mandate to keep the company profitable by leveraging on strategic innovations for the continuous growth of their investments. Chairman of Dangote Cement Plc, Aliko Dangote said at the 14th Annual General Meeting (AGM), of the company in Lagos, that the prospects for the cement company […]
Read MoreVertiv, provider of critical digital infrastructure and continuity solutions, has announced the appointment of a new managing director for Africa. Vertiv has promoted Wojtek Piorko with immediate effect, from his previous position as South East Africa regional director. The role was previously held by Pierre Havenga, who will be leaving Vertiv at the end of […]
Read MoreAs part of its public enlightenment programme, Dangote Cement has demonstrated how to put into appropriate use, its variants of cement to achieve the best results. At the on-going Trade Fair at Enugu, the Company gathered stakeholders in the built industry and demonstrated the use of its Falcon cement brand, saying when used appropriately, the […]
Read MoreDigital payments network in Africa, MFS Africa operating in over 35 African countries, has partnered with Access Bank, with operation across 17 markets, to expand AccessAfrica remittance corridors. AccessAfrica is Access Bank’s service that allows customers to conveniently transfer and receive money across the world from loved ones and business partners. The partnership will provide […]
Read MoreThe Nigerian Communications Commission (NCC) has reiterated the Commission’s commitment to continually drive initiatives that accelerate broadband deployment to increase penetration and make internet connection readily available to telecom consumers. According to the Executive Vice Chairman of the NCC, Prof. Umar Danbatta, the Commission has been at the heart of providing the digital drive for […]
Read MoreCo-founder and Chief Executive Officer of Fintech firm, Paystack, Shola Akinlade has bought a 55 percent stake in a second division Danish club, Aarhus Fremad. This was made public Tuesday in a statement on the website of local football club Sporting Lagos also founded by the 37-year-old entrepreneur. “We’re delighted to announce our investment in […]
Read MoreChinese e-commerce giant Alibaba Group Holding Ltd. says it plans to split itself into six independently run companies that could seek separate IPOs. This comes just as co-founder, Jack Ma returned to China after spending some months overseas. Under the restructuring, Alibaba’s various businesses will be split up into six major areas: cloud computing, Chinese […]
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