Abdul Samad Rabiu, Chairman of BUA Cement, has attributed the skyrocketing cost of cement in Nigeria to the exploitation of consumers by middlemen within the supply chain. Rabiu made this statement during the company’s 8th Annual General Meeting held recently in Abuja. Rabiu disclosed that despite BUA Cement’s policy to sell cement at a controlled…
By Ayomide Otitoju Fidelity Bank Plc, in collaboration with ImpactHER, has successfully concluded another round of free digital and artificial intelligence skills training aimed at empowering businesswomen across Nigeria. The five-day training, organized by ImpactHER, saw 1,276 women entrepreneurs equipped with essential digital and AI skills to enhance their business operations. Highlighting the significance of…
Sterling Bank Limited has emerged as a standout winner at the fourth Development Bank of Nigeria (DBN) Service Ambassadors Award Ceremony and Dinner, held recently in Lagos. The bank claimed victories in three major categories: “DMB with the Highest Impact on Youth,” “DMB with the Highest Impact on Women MSMEs,” and the prestigious “DBN Platinum…
Innovation, persistence, and regular assessment are crucial for building businesses that stand the test of time, according to experts who spoke at the United Bank for Africa’s (UBA) quarterly Business Series on Thursday. The event, part of UBA’s 75th-anniversary celebrations, was held at the bank’s headquarters in Lagos and aimed at enhancing the sustainability of…
British energy giant Shell is planning to cut hundreds of jobs from its oil and gas exploration division as part of a broader cost-cutting initiative announced last year, according to a source familiar with the matter. The job cuts will target two units specializing in hydrocarbon exploration and development, with a 20% workforce reduction expected….
At the 8th Annual General Meeting of BUA Cement Plc on Thursday, Chairman Abdulsamad Rabiu disclosed how cement dealers thwarted the company’s efforts to reduce cement prices to ₦3,500 per bag last year. Rabiu lamented that profiteering by the dealers, along with economic challenges, undermined the initiative. Rabiu explained that BUA Cement had aimed to…
By Ayomide Otitoju More than 100 fashion, beauty, and lifestyle businesses from across Nigeria have signed up to showcase their products at the inaugural ‘Oja Oge’ pop-up marketplace, organized by Ecobank. The two-day event, set to take place at the Ecobank Pan African Centre complex on Victoria Island, Lagos, from August 31 to September 1,…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has disclosed that 72 illegal crude oil refining sites were uncovered and destroyed across Rivers, Delta, and Abia states in the past week. This was revealed in a video report released by the state-owned energy firm. In a significant operation on August 18, security forces…
The United Bank for Africa (UBA) has announced that the next edition of its Business Series will focus on the theme of building businesses that can survive and thrive across generations. In a statement released on Tuesday, the bank revealed that the event, titled ‘Built to Last: Building Generational Business,’ is scheduled to take place…
