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Dangote Sets Up $100 Million Vehicle Assembly Plant In Nigeria

Dangote Sets Up $100 Million Vehicle Assembly Plant In Nigeria

  Africa’s Richest Man Sets Up $100 Million Vehicle Assembly Plant Lagos (Forbes) – Dangote Industries, the conglomerate controlled by Africa’s richest man, Aliko Dangote, is establishing a $100 million…

Wells Fargo CEO John Stumpf Retires, After Scandal Broke Out

Wells Fargo CEO John Stumpf Retires, After Scandal Broke Out

John Stumpf, the chairman and CEO of WELLS FARGO, is retiring, effective immediately. Stumpf came under siege and searing fire from the U.S. Congress and many stakeholders from within the…

General Electric Confirms $2Bn Investment In Nigeria

General Electric Confirms $2Bn Investment In Nigeria

General Electric (GE) has confirmed its interest in investing $2 billion on Nigerian railway concession project worth around $2 billion. President Muhammadu Buhari said in his 1 October anniversary speech…

Abuja Court orders AMCON to pay N26.5 Billion to Capital Oil

Abuja Court orders AMCON to pay N26.5 Billion to Capital Oil

The Federal High Court with the Hon. Justice Abdul Kafarati presiding and sitting in Abuja, on Thursday ordered the Asset Management Corporation of Nigeria (AMCON) to pay Capital Oil and…

CRUDE OIL PRICE REBOUND TO $48.82/BARREL FUELING FEARS OF PRICE HIKE

CRUDE OIL PRICE REBOUND TO $48.82/BARREL FUELING FEARS OF PRICE HIKE

FURTHER FUEL PRICE HIKE LOOMS AS CRUDE OIL HITS $48.82/BARREL The rebound in the price of crude oil in the international market continued yesterday, fuelling fears of a further hike…

BUSINESS NEWS NIGERIA

BUSINESS NEWS NIGERIA

PH & Warri refineries now producing petrol – Kachikwu; Dangote Sugar grows turnover by N6bn; Access Bank Records N19.4 Q1 Profit . . . PH & Warri refineries now producing…

Nigeria’s currency swap deal with China

Nigeria’s currency swap deal with China

Some divided stakeholders in Nigeria say the policy may ease business and stifle local firms . . . The Federal Government’s recent currency swap deal with China holds both bright…

Pelé is suing Samsung $30m for identity theft

Pelé is suing Samsung $30m for identity theft

Soccer legend Pelé is suing Samsung for $30 million for allegedly using his lookalike in an ad to sell TVs The complaint says that the ad hurt the value of…

NNPC Appoints New Unit Heads

NNPC Appoints New Unit Heads

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments, redeployment and secondments into key positions in the oil corporation. In a press statement by the management of the Corporation,…

Business News Desk: Nigeria

Business News Desk: Nigeria

NNPC to Import 45m Litres Petrol daily; SimbaPay to Ease Money Transfers to Africa; Value of Mobile Money Transactions Rises to N40bn Monthly . . . NNPC to Import 45m…

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