Backward Integration: Dangote Targets 700,000MT of Refined Sugar in Four years

Backward Integration: Dangote Targets 700,000MT of Refined Sugar in Four years   …As Q1 revenue rise by 20.1% to N122.7bn   DSC1220: L-R: Company Secretary/Legal Adviser, Dangote Sugar Refinery Plc, Temitope Hassan; Group Managing Director/CEO, Dangote Sugar Refinery Plc, Ravindra Singhvi ; Executive Director, Dangote Sugar Refinery Plc, Mariya Aliko Dangote; and Chairman, Dangote Sugar Refinery Plc, Aliko Dangote, at the Dangote Sugar Refinery Plc 18 th  Annual General Meeting, on Tuesday, April 30, 2024 in Lagos.   Dangote Sugar Refinery Pl…

Leadership Means Always Believing in Better - CEO, Sterling Bank

Leadership Means Always Believing in Better - CEO, Sterling Bank Abubakar Suleiman, the Chief Executive Officer of Sterling Bank Limited, delivered an enlightening discourse on leadership during the prestigious Lagos Leadership Summit 2024, powered by the Lateef Jakande Leadership Academy, shedding light on the profound essence of effective leadership and its transformative impact on society.  At the heart of Suleiman's message was the concept of leadership as a catalyst for change—a force that propels individuals and organizations to…

Dangote cement export of clinker, cement increased by 87.2%

Dangote cement export of clinker, cement increased by 87.2% 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 company commissioned 10 of the 17 Alternative Fuel Projects across the Group, the local demand for cement, in the same period under review in Nigeria increased significantly by 26.1 per cent to 4.6Mt and the overall group volume rose by 12.3 per cent to 7…

Truck involved in the Okene accident not our own, Dangote Cement clarifies

Truck involved in the Okene accident not our own, Dangote Cement clarifies 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 and condoled with the families of the victims, urging the public to disregard the erroneous news, that its truck was responsible for the fatal accident. Dangote Group’s Chief Branding & Communications Officer, Tony Chiejina in the statement explaine…

Yoruba Week: Sanwo-Olu's Administration Writes Lagos Assembly

Yoruba Week: Sanwo-Olu's Administration Writes Lagos Assembly - Sets date for celebration - Assembly holds a minute silence for late Ezeife A letter from the executive arm of the Lagos State government to the state House of Assembly has announced a decision to set the last week of September every year for the celebration of the Yoruba culture. The decision of the government followed a resolution passed by the Lagos Assembly at a sitting held on September 19, 2023. The Permanent Secretary of the Ministry of Tourism, Arts and Culture, who…

Airtel Nigeria Leads Telecom Market Surge

Airtel Nigeria Leads Telecom Market Surge In a recent revelation from the Nigerian Communications Commission (NCC), Airtel Nigeria has emerged as a standout performer in the country’s telecommunications sector, marking significant gains in market share over the past year. According to the NCC data, by the end of March 2024, Airtel Nigeria has grown its market share over the last year into a remarkable 29%, solidifying its position as a leading telecom provider in the region. In stark contrast, other mobile network operators such as MTN and …

FOREMOST BANKER, JIM OVIA APPOINTED CHAIRMAN OF NIGERIAN EDUCATION LOAN FUND BY PRESIDENT TINUBU

FOREMOST BANKER, JIM OVIA APPOINTED CHAIRMAN OF NIGERIAN EDUCATION LOAN FUND BY PRESIDENT TINUBU President Bola Tinubu has approved the appointment of the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). This was announced in a State House Press Release by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale on April 26, 2024.  According to the statement, ‘‘the President believes Mr. Ovia will bring his immense wealth of experience …

Fidelity Bank: Improved Share Price as Growth Indicator When the management of the Nigerian Exchange Limited (NGX) in July 2023 announced that it was reclassifying Fidelity Bank Plc from small-price stock to medium-price stock, financial analysts concluded that the road to attaining Tier1 status by the bank is closer than ever imagined. In full year 2022. Fidelity Bank briefly fell into the Tier 1 category and saw the highest gross earnings of N337.10 billion and profit before tax of N53.68 billion. The bank’s higher interest income relativ…

Q1: More Nigerians buy Dangote Cement, as volume rises by 26.1% to 4.6MT

Q1: More Nigerians buy Dangote Cement, as volume rises by 26.1% to 4.6MT  Strategies adopted by Dangote Cement to increase sales and ensure an adequate supply of products to customers are yielding the desired results as domestic sales volume increased, by 26.1 percent to 4.6Mt in the first quarter of 2024.  According to the cement manufacturers’ unaudited results for the three months that ended, on April 30, 2024, the Nigerian operations volume rose significantly and positively affected the rise in the Group’s overall volume to 7.0  Mt. The co…

Hydrogen Hosts Catalyst Workshop, Highlights Resilient Business Models For Fintech Startups

Hydrogen Hosts Catalyst Workshop, Highlights Resilient Business Models For Fintech Startups L-R:  Obinna Ojekwe, Head, Brand and Marketing, Hydrogen; Emeka Awagu, Chief Technology Officer, Hydrogen; Miracle Ezechi, Digital Marketing Lead, Hydrogen, and Ina Alogwu, Group Director, Digital Transformation, ARM HoldCo, at the training session organised by Hydrogen in partnership with CcHub for tech startups in Lagos... recently. As part of its mission to empower African businesses with tools needed to thrive, garner admiration, and foster glob…

Fidelity Bank Commends Air Peace’s Performance . Celebrates Airline For The Commencement of the Lagos-London Route

Fidelity Bank Commends Air Peace’s Performance . Celebrates Airline For The Commencement of the Lagos-London Route LAGOS – Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago. L – R: Vice Chairman, Air Peace, Mrs. Alice Onyema; Chairman, Air Peace, Dr Allen Onyema; Managing Director/Chief Executive Officer, Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe; and Managing Director, Graviti Hill Ltd, Dr Ken Onyeali Ikpe at a special event organised by the bank to celebrate the commencement of …

Stanbic IBTC Bank rewards 70 more Customers with ₦100,000 each in the Reward4Saving 3.0 March draw

Stanbic IBTC Bank rewards 70 more Customers with ₦100,000 each in the Reward4Saving 3.0 March draw Stanbic IBTC Bank recently announced 70 more customers as winners of  ₦ 100,000 each in its Reward4Saving promo March draw. The promo was launched to encourage Nigerians to save and earn rewards for maintaining a consistent savings habit. The Reward4Saving 3.0 promo will continue to reward 70 customers who maintain at least  ₦ 10,000.00 in their savings account for up to 30 days, each month until August 2024. In addition, seven lucky custome…

NDLEA arrests 3 top cartel members in historic heroin bust

NDLEA arrests 3 top cartel members in historic heroin bust NDLEA arrests 3 top cartel members in historic heroin bust **Intercepts Oman-Bound Drug Consignment More than two months after they were declared wanted, operatives of the National Drug Law Enforcement Agency, NDLEA, have arrested three members of an organized criminal organization which specializes in illicit drug trafficking across Nigeria, South Africa, Mozambique, Europe and America. “This followed the recent seizure of the single largest consignment of heroin at the Murtala Muha…

PDP NEC meeting: Fubara’s loyalists threaten protest over detained Rivers lawmaker in Abuja

PDP NEC meeting: Fubara’s loyalists threaten protest over detained Rivers lawmaker in Abuja Loyalists to the Rivers state Governor, Siminalayi Fubara and kinsmen of a member of the State House of Assembly, Sokari Goodboy have threatened to stage a peaceful protest in Abuja over the arrest and detention of the lawmaker. Hon Goodboy was allegedly arrested by policemen outside the venue of the Peoples’ Democratic Party National Executive Committee, PDP, NEC meeting in Abuja last week. Also, the  members of the ‘Simplified Movement’ of the PDP i…

Access Holdings' Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede's Return as Chairman

Access Holdings' Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede's Return as Chairman Re-elect Olusegun Ogbonnewo, Ojinika Olaghere as a Non-Executive Directors LAGOS, Nigeria – April 19, 2024: The shareholders of Access Holdings Plc (“Access Holdings” or “the Group”) at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the Group’s plan to establish a capital raising programme of up to US$1.5 billion as well as the subset initiative to raise up to N365 billion, specifica…

2023: UBA Settles For N78.7 Billion Final Dividends To Shareholders

2023: UBA Settles For N78.7 Billion Final Dividends To Shareholders   The UBA shareholders will receive a final dividend of N78.7 billion for FY 2023, representing N2.30 per ordinary share held. Combined with an interim dividend of N0.50 per share paid for H1 2023, UBA paid a total dividend of N2.80 per share, amounting to N95.8 billion. The total dividend of N95.8 billion paid for FY 2023 represents a 154.8% increase from the N37.6 billion paid as total dividends for 2022. Despite an increase in total dividends paid out for 2023, the group’…

Stanbic IBTC’s optimised Super App and Enterprise Online 2.0 now live!

Stanbic IBTC’s optimised Super App and Enterprise Online 2.0 now live! Stanbic IBTC Bank, a leading provider of innovative financial services in Nigeria, has recently launched a new platform called Enterprise Online 2.0. This platform is the web version of the upgraded Stanbic IBTC Bank's Super App, designed especially for business clients who prefer to use the web version. The Bank unveiled these solutions at a media event held recently at its Walter Carinting Crescent Office on Victoria Island. L-R: Remi Osuagwu, Executive Director, …