Nestlé Appoints Oyebode as Board Chairman as Ifezulike Retires
Nestlé Appoints Oyebode as Board Chairman as Ifezulike Retires The Board of Nestlé Nigeria PLC has appointed Mr. Gbenga Oyebode, MFR, as the new Chairman of the Board of Directors with effect from May 18, 2023. The appointment announced to shareholders and other stakeholders at the Annual General Meeting of Nestlé Nigeria PLC, held at the MUSON Center on May 17, 2023, follows the retirement of Mr. David Ifezulike as a Director and the Chairman of the Board of the Company with effect from May 18, 2023. Mr. Oyebode qualified as a Solicitor and A…
Dangote Refinery will generate $21billion, to employ over 100,000 youths
Dangote Refinery will generate $21billion, to employ over 100,000 youths Amid encomium from eminent personalities, which included President Mohammadu Buhari and five other African heads of state, President of the pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote disclosed yesterday that the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerians youths as well as generate over $21 billion, therefore saving the country huge forex, that would have been used for fuel importation. The company, accord…
Wema Bank Employees Donate chairs, tables to Isale Eko Grammar School
Wema Bank Employees Donate chairs, tables to Isale Eko Grammar School Wema Bank, Nigeria’s leading financial institution known for its dedication to social responsibility, marked a momentous occasion today as it made a substantial donation of chairs and tables to Isalẹ Eko Grammar School. This heartfelt gesture, a testament to Wema Bank's unwavering commitment to community development, was made possible through its Corporate Social Investment (CSI) initiative, the "Salary for Love" campaign. During this remarkable endeavor, We…
Buhari, five African Presidents to commission Dangote Petroleum Refinery (today)
Buhari, f ive African Presidents to commission Dangote Petroleum Refinery (today) In an epoch-making event that will positively transform Nigeria’s oil and gas sectoral landscape, President Muhammadu Buhari will today commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-L ekki , Lagos ; alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad. Promoted by Africa’s richest man, Aliko Dangote, the petroleum refinery with a capacity to process 650,000 barr…
Nestlé MILO Basketball Championship 2023: FCT, Niger Shine in Central Conference
Nestlé MILO Basketball Championship 2023: FCT, Niger Shine in Central Conference It is a dream come true for coach Emmanuel Biodun Tanko, head coach of Father O’Connell Science College, Minna, Niger State, as his team defeated their counterparts from Government Secondary School, Karu, FCT in the final of the boys’category in the just concluded Central Conference of the MILO Basketball Championship. Picture 1: Funmilola Oyewole – Category Development Manager Beverages at Nestlé Nigeria PLC delivering the welcome address during the final…
Nestle Approves Continuation of N251 Billion Related Party Support
Nestle Approves Continuation of N251 Billion Related Party Support Nestle Nigeria Plc, one of the largest food and beverage companies in Africa, has announced that it will continue to provide related party support to its subsidiaries and affiliates in the form of loans and payables. The company disclosed this in its sustainability report to the Securities and Exchange Commission (SEC) and the Nigerian Exchange Limited (NGX) for the year ended December 31, 2022. According to the report, Nestle Nigeria’s related party support amounted to N251…
Polaris Bank clarifies issue with Anthony Olasele’s account
Polaris Bank clarifies issue with Anthony Olasele’s account Polaris Bank Plc has expressed dismay at the resort to misleading social media posts by one of its customers, Anthony Olasele, in spite of efforts by the Bank so far to treat the customer’s protest. In a bid to clarify the misunderstanding on the customer’s account, the management of the bank said in a statement that, “Further to our earlier post, we wish to reiterate the following.Polaris Bank did not declare the customer dead, but was in receipt of court documents stating so, and…
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