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Dangote Cement Stays Strong in Nigeria Domestic Cement Market


Dangote Cement has maintained its strong hold in the Nigerian domestic cement market, accounting for 65% of the Nigerian market volume, while other African plants’ volumes went up 7.5%, to 7 million tpy. In the past months, the cement company has expanded its operations across Africa with the coming on stream of the 1.5 million tpy integrated cement plant in ...

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MTN CEO Hails Improvement Despite Declines in Nigeria and Uganda


MTN Group president and CEO Rob Shuter (pictured) hailed “key growth drivers of data and digital services” in Q3, despite a decrease in overall subscribers due to declines in Nigeria and Uganda. In a quarterly update for the period ending 30 September 2017, MTN said overall subscribers declined to 230.2 million from 234.7 million in Q3 2016. On a sequential ...

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CBN Injects $195million into Inter-Bank FOREX


CENTRAL Bank of Nigeria (CBN) on Monday, October 23, 2017, injected $195million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank indicate that the CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment received the sum of $50 million. Those requiring foreign exchange for invisibles such ...

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Garri Price Drops by 60% in Enugu


Price of garri, a staple in the country, has dropped by more than 60 per cent in Enugu within four months. A correspondent of the News Agency of Nigeria (NAN), who conducted a market survey on the staple on Monday, observed that the price has gone down from as high as N1, 250 to between N450 and N500 per paint ...

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UBA Introduces Video Live Chat with Co-browsing Technology


In recent times, customer behaviour and expectations are ever-evolving and with this challenge, comes the need to meet their needs as well as ensure, new offerings are at the forefront of technological evolution. On the back of this development, UBA a leading innovative player in Financial Services is finding new ways to communicate and engage with their customers.   With ...

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Banker Arraigned Before Court for Fraud


A former banker with Unity Bank Plc, Mrs. Remilekun Ogunwole, has been arraigned before Justice Maryann Anenih of the Federal Capital Territory (FCT) High Court in Maitama, Abuja for alleged forgery and fraud.The Independent Corrupt Practices and Other Related Offences Commission (ICPC) arraigned Mrs. Ogunwole on a 3-count charge for allegedly forging documents and defrauding a customer to the tune ...

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  3RD ANNUAL TEF ENTREPRENEURSHIP FORUM WAS HELD ON OCTOBER 13-14 IN LAGOS   1,300 AFRICAN SMEs, POLICYMAKERS, INCUBATORS FROM 54 COUNTRIES IN ATTENDANCE   Lagos, Nigeria, October 16, 2017 – The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on 14th of October 2017 in Lagos.   The Forum hosted more than 1,300 participants ...

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Dangote to Hit Market with One Million Metric Tonnes of Dangote Rice


Dangote rice company has said that it is prepared to hit the market with one million metric tons of Dangote rice in 2018. This came as a multi-million Naira Youth Farming Initiative that will engage teeming unemployed Nigerian graduates in rice farming was launched by the Dangote Rice Limited in Kogi State recently. Group Executive Director, Mr. Devakumar Edwin made ...

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CBN Governor Receives Forbes Awards


The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged global investors to take advantage of huge opportunities in the Nigerian economy, saying the environment is good for investment. Emefiele spoke just as Forbes Magazine, Thursday night bestowed on him  the Forbes’ 2017 ‘Best of Africa Achievement’ award on the sidelines the ongoing World Bank/International Monetary Fund (IMF) Annual ...

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