PZ Cussons Nigeria is facing possibly its biggest existential problem since setting foot in the country 125 years ago after Nigeria’s harrowing foreign exchange crisis plunged the country deeper into troubled waters. The local unit of British healthcare products and consumer goods giant PZ Cussons Plc slipped into a negative net asset position…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024. The regional event is expected to see…
The Nigerian Breweries Plc recently announced an upward price change for its Stock-Keeping Units (STUs) with effect from February 19. A letter dated February 12 titled: ‘Price review notification,’ by the Zonal Business Manager (West), Lekan Awosanya, reads in part: “This is to inform you that we are constrained to review the prices of some…
In the heart of Nigeria’s bustling city of Ilorin, Kwara State, Nifemi Temiloluwa Eitaio-Alao, affectionately known as “Omo Afonja” and “Flawless” during his university days, embarked on a journey that would see him rise to the pinnacle of entrepreneurial success. His academic pursuit in Accounting at the University of Ilorin, followed by an MBA in…
Heirs Energies, Africa’s foremost indigenous-owned integrated energy company, commemorated its three-year anniversary. In a short timescale, Heirs Energy has implemented a track record of significant production increases, pioneered a new model of community engagementand built at world class Nigerian management team, all contributing to a new beginning in ensuring Nigeria’s sustainable energy future. Heirs Energies…
Abuja Electricity Distribution Plc (AEDC), on Thursday, 18th January, 2023, consolidated its lead in the provision of integrated power solutions with the signing of a tripartite agreement with Daystar Power Solutions Limited (Daystar Power) and The Wood Factory Limited (Wood Factory), to pioneer the delivery of its first grid-connected and solar hybrid power solution for…
… LCCI Lauds bank’s contribution to growth of African economies Africa’s Global Bank, United Bank for Africa (UBA) Plc, has restated its committment towards deepening Intra-Africa trade to attain self-reliance and economic development. According to the bank, it is important for Africa to be deliberate about the economic liberation drive of the continent. UBA’s Deputy…
Global Bank, United Bank for Africa (UBA) Plc, and Saudi Export-Import Bank (Saudi EXIM), a premier export credit agency in the Kingdom of Saudi Arabia, have announced a partnership aimed at strengthening business growth and enhancing economic cooperation between their economies. DSC04047: Group Managing Director/CEO, United Bank for Africa (UBA), Oliver Alawuba and CEO, Saudi…
Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group has achieved full compliance with the Nigerian Exchange’s (NGX) free float requirement for companies listed on its Main Board through free-float market capitalisation. This comes following months of sustained impressive market performance that saw the company’s market capitalisation rise to more than N470 bn. Free float…
Mr Tony Elumelu and Governor Babajide Sanwo-Olu A gathering of prominent global leaders, including Nigeria’s President Asiwaju Bola Ahmed Tinubu, Lagos State Governor Babajide Sanwo-Olu, representatives from the United Nations Development Programme (UNDP), the United Nations Children’s Fund (UNICEF), as well as numerous leaders from the public and private sectors, came together to commend…
