Forex: Dangote repatriates $687,977m from pan-African operations
Forex: Dangote repatriates $687,977m from pan-African operations Management of Dangote Industries Limited (DIL), have revealed that the company has so far repatriated over USD576,008,672.41 through various banks in Nigeria, in addition to a USD$111,968,109.38 cash swap arrangement between Dangote Cement Plc and Ethiopian Airlines; thus saving the same amount that would have been paid by the Central Bank of Nigeria (CBN). The company revealed this in a statement released to the media, where it accused BUA Group of sponsoring fake and misleading…
Fact-Checking the story: Polaris Bank loses N26bn loans granted to 6 ex-directors without collaterals
Fact-Checking the story: Polaris Bank loses N26bn loans granted to 6 ex-directors without collaterals By Olalere Ojedokun A report being syndicated by a section of online media with the title: Polaris Bank loses N26bn loans granted to 6 ex-directors without collaterals, made several claims in figures, interpretations and practices. Claim 1. POLARIS Bank has lost N26.005 billion worth of loans granted to 6 ex-directors, mostly without collaterals This claim is untrue, founded primarily on lack of understanding of accounting principles and…
Meet the Visionaries Behind 'The Busayo' - Shaping the Future of Fashion*
*Meet the Visionaries Behind 'The Busayo' - Shaping the Future of Fashion* 'The Busayo' is more than fashion; it's a lifestyle. We invite you to be part of this exhilarating journey as we redefine the future of usayo' is a fashion brand committed to reshaping the fashion industry through its unique blend of elegance and innovation. Founded by Babatunde Busayo Samson, the brand is devoted to crafting fashion pieces that inspire and empower individuals to express their unique style." We are thrilled to unveil 'T…
Dangote Group Accuses BUA of sponsoring False, Negative Reports against It
Dangote Group Accuses BUA of sponsoring False, Negative Reports against It Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices. PICTURE 1: L-R: Head, Social Performance, Dangote Cement Plc, Wakeel Olayiwola; Acting Group Chief, HSSE & Sustainability, Dangote Industries Limited, James Adenuga; Tutor General /Permanent Secretary, Education District …
BUA is sponsoring falsehood on forex deals, other lies against our brand-Dangote
BUA is sponsoring falsehood on forex deals, other lies against our brand-Dangote Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices. It gave the warning following claims in some sponsored reports in the online media, suggesting that the company is being probed for alleged illegal foreign exchange deals and money laundering by the Special Investigato…
Unity Bank Records N38.2 Billion Gross Earnings in Q3’23
Unity Bank Records N38.2 Billion Gross Earnings in Q3’23 LAGOS.3.11.2023. Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, an indication of business growth and customer confidence in the Bank. A review of the lender’s unaudited nine-month results released to the Nigerian Exchange Group Limited showed that the Bank continued to maintain its expansionary and customer-centric model with tota…
Ogun: Group Adopts Yayi As 2027 Governorship Candidate
Ogun: Group Adopts Yayi As 2027 Governorship Candidate ABEOKUTA- A group, Yayi's Liberators Group has adopted Senator Olamilekan Adeola Solomon popularly known as Yayi as a credible candidate for the 2027 governorship In Ogun state The founder of the group, Comrade Ibrahim Fayomi, a.k.a Olumako made this known during their general meeting at the Golden Heart Hall, Iyesi-Ota on Thursday. He stated that no fewer than 9900 residents in Ogun west senatorial district have benefitted from Senator Olamilekan Solomon a.k.a Yayi's empowerme…
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