BUSINESS NEWS

Five fresh millionaires have emerged in Kano as part of the ongoing Dangote Cement promotion which started in July. Speaking at the presentation of cheques to the new winners, Group Head, Sales and Marketing, Rabiu Umar, said the promo was a way of giving back to society and rewarding customers of Dangote Cement Plc. He […]

As Nigeria and other African countries suffer wheat shortage, the Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, Tuesday, vowed to ensure Nigeria ranks Africa’s largest wheat producer and exporter. Abubakar made the declaration in his keynote address delivered at the Stakeholders Validation Workshop of the National Wheat Strategy Document for Self-sufficiency in Nigeria […]

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 104.85 U.S dollars per barrel as at Monday, Aug. 29. This is compared with 103.89 U.S. dollars per barrel of the previous Friday, according to OPEC Secretariat calculations obtained by the newsmen Abuja as released by […]

Fidelity Bank Plc has announced its proposed acquisition of a 100% equity stake in Union Bank Plc in the United Kingdom. In a corporate filing on the Nigerian Exchange Limited on Tuesday, Fidelity Bank said the Central Bank of Nigeria had issued ‘No Objection’ to its proposed acquisition of the bank which commenced London operations […]

Barring any last-minute change, Nigeria will commence assemblage and manufacturing of environmentally friendly, green, electric and smart automobiles by 2023. Already, the Federal Government of Nigeria through the National Agency for Science and Engineering Infrastructure (NASENI), has signed a Memorandum of Understanding, MoU, with Israeli and Japanese companies for the commencement of the project. Speaking […]

Trading activities on the Nigerian Exchange Ltd. (NGX) on Thursday remained bullish with the crucial indicators growing by 2.03 per cent. The market capitalisation gained N532 billion to close at N26.786 trillion, compared with N26.253 trillion on Wednesday. Similarly, the All-Share Index, which opened at 48,675.24, gained 986.63 points or 2.03 per cent to close […]

Universal Insurance Plc, on Friday said it recorded a total premium income of N 4.1 billion for the first half of 2022, which ended June 30. The Managing Director/Chief Executive Officer, Universal Insurance Plc, Dr Benedict Ujoatuonu, stated this at the inauguration of the newly elected executive of the National Association of Insurance and Pension […]

Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its boss told AFP on Tuesday, with luxury goods seemingly unaffected by global economic uncertainty. The Volkswagen subsidiary is enjoying “high demand” and has an order book covering the next 18 months, CEO Stephan Winkelmann said. Wealthy customers are flocking […]

Apple is warning of a flaw that is allowing hackers to seize control of iPhones, iPads and Mac computers, and is urging users to install emergency software updates. Patches were released Thursday and Wednesday by the tech titan to fix what it described as a vulnerability hacker already knew about and may be taking advantage […]

SEC Building The Securities and Exchange Commission (SEC), says it will sanction stakeholders whose actions are frustrating its efforts toward reducing the volume of unclaimed dividends. Mr Lamido Yuguda, the Director-General of SEC, said this at a post Capital Market Committee (CMC) news conference on Friday in Abuja. According to Yuguda, in spite of the […]