Chairman, Dangote Sugar Refinery Plc, Aliko Dangote has said that the National Sugar Master Plan (NSMP), when executed as designed, can save the nation foreign exchange in excess of $700million yearly from the backward integration component. Dangote, according to a statement by the company, made the disclosure during a facility tour by some businessmen on…
Trust Africa News , By Ayomide Otitoju Pandagric Novum Limited, leading manufacturer of animal feeds, recently held its annual distributors conference and the unveiling of the rebranded Supreme Feeds, in line with the aim of creating profitable partnerships and repositioning for market leadership. The two-day event which held in Abuja, themed “Winning Together”, brought together…
The Nigerian National Petroleum Corporation (NNPC) started its weekly activities by throwing more light on the controversial areas of it 2020 audited financial report that placed the corporation on a profit lane. It will be recalled that on Aug. 26, President Muhammadu Buhari announced a profit after tax of N287billion by the corporation in 2020, first…
The man Ifie Sekibo is an astute Nigerian banker and entrepreneur adept at returning moribund companies to the path of sustained profitability. He is the pioneer and current CEO and Managing Director of Heritage Bank, Nigeria’s most innovative bank. A post he held since 2012. He wrote his book (Leadership Turnaround) out of his quest…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has agreed to retain the Monetary Policy Ratio (MPR) at 11.5 per cent Mr Godwin Emefiele, CBN Governor, made this announcement on Friday at the conclusion of the two-day MPC meeting in Abuja. Emefiele said that the committee also resolved to hold all…
The Department of Petroleum Resources (DPR), in Abuja, on Thursday sealed 11 illegal gas plants and two filling stations over sharp practices. Liquified Petroleum Gas (LPG) — also known as cooking gas — plants and the filling stations visited are located in Karimo, Gwagwa, Games Village kuje and Gwagwalada. The LPG operators were said to…
Trust Africa News, Ayomide Otitoju Lagos State becomes the first sub-national Government to activate the framework for the unlocking of the $1 trillion Nigerian Green Bond Market Development Programme to finance key infrastructure projects. On Tuesday, Governor Babajide Sanwo-Olu signed Memorandum of Understanding (MoU) with FMDQ Group and Financial Sector Deepening (FSD) Africa, which are the…
The hall teemed with people, entrepreneurs seeking knowledge on ways to improve their bottom lines, how best to navigate the world of business, and boost operations. The event, sponsored by Quickteller Business and convened by Nelly Agbogu, (Naijabrandchick) and Chioma Ifeanyi-Eze of Accountinghub, speakers at the programme themed, ‘Let’s Talk: Your Business & Sales,’ was…
A South Korean antitrust regulator has fined Alphabet Inc’s Google 207 billion won ($176.64m) for blocking customised versions of its Android operating system (OS), in the US technology giant’s second setback in less than a month. The Korea Fair Trade Commission (KFTC) on Tuesday said terms with device makers amounted to the abuse of Google’s…
