ATIKU

As the debate rages over the quality of cement produced in the country, leading manufacturers of the commodity, Dangote Cement Plc yesterday raised the bar further when it launched a much higher grade of the product, 52.5N into the Nigerian market. Group Managing Director of the Company, Devakumar Edwin told newsmen in Lagos yesterday that […]

Aliko Dangote foremost Nigerian industrialist and philanthropist has endowed Dangote Foundation with N200 billion.  Speaking in Lagos, Mr. Dangote noted that, “Dangote foundation is now 20 years old. This initial endowment will assure that Dangote Foundation has secure and steady funding to carry out its mission as we significantly scale up our work. The reconstituted […]

The 2014 Forbes Billionaires’ List, which was released recently, ranked the President/Chief Executive, the Dangote Group, Alhaji Aliko Dangote, 23rd in a list of 1,645 richest people in the world, with a personal fortune of $25billion. This is an improvement on his 43rd position in 2013 (with networth of $16billion), and places him among the […]

The Nigerian National Petroleum Corporation (NNPC) on Tuesday described as baseless and faulty, the Berne Declaration report linking it with several crude oil infractions. Speaking during a presentation before the House of Representatives Joint Committee on Petroleum Upstream, Downstream and Justice on the investigative hearing of alleged connivance of NNPC with Swiss oil dealers to […]

The Dangote Cement has slashed cement price in an ongoing promo at the Kaduna 35th International Trade Fair. Customers will have the opportunity of buying the discounted product at the company’s pavilion, Cement Regional Sales Manager Obasola Alo said. The new promo liberalises the extant policy where customers who intend to buy directly at factory […]

President Goodluck Ebele Jonathan has approved the appointment of Mr. Farouk A. Ahmed  as Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA) with immediate effect. Mr. Ahmed will take over from the incumbent Executive Secretary, Mr. Reginald C. Stanley who is retiring after 35 years in service.   The incoming Executive Secretary, who hails […]

FBN Holdings Plc. is pleased to announce that its subsidiary, FBN Life Assurance Limited (“FBN Life” or “the Company”),has acquired  4,630,595,326 ordinary shares of 50kobo each representing 71.2% of the total issued ordinary share capital of Oasis Insurance Plc (“Oasis”). The acquisition was effected through the execution of a share sale and purchase agreement with […]Read More

Efforts of the House of Representatives Committee on Petroleum (Downstream) to commence the investigation into the alleged $20 billion scandal have been stalled by the overseas trip embarked upon by Diezani Allison Madueke, the minister of petroleum. Top management team of Nigerian National Petroleum Corporation (NNPC), including its Group Managing Director, Andrew Yakubu and the Pipeline […]

The nation’s foremost cement manufacturer, Dangote Cement weekend at the stated that all the products rolling out from its three cement plants are certified 42.5 grade in line with international standard and quality benchmark. Reacting to the threat of coalition of civil society groups and professional bodies in the construction industry to lead protests against […]

The Nation’s foremost sugar refinery, Dangote Sugar has demonstrated its resolve to ensure the realization of the national sugar master plan as it takes delivery of farm machinery worth $35 million from Panafrican Equipment. The Panafrican Equipment Group is a recognized leader in providing mining and construction grade equipment and aftersales support solutions. Speaking at […]

The Nigerian National Petroleum Corporation (NNPC) on Thursday dismissed media reports of a looming fuel scarcity.  In a press release issued by Acting Group General Manager, Group Public Affairs Division of the Corporation, Dr. Omar Farouk Ibrahim, NNPC assured members of the public that they have no reason to panic.  “The NNPC, in spite of the […]

United Bank for Africa Plc (UBA) has extended US$700 million (N113 billion) in funding to different investors towards the acquisition of power assets in Nigeria’s recently privatized power sector. Phillips Oduoza, Group Managing Director and Chief Executive Officer (GMD/CEO), UBA Plc, said this while speaking on the sidelines of the World Economic Forum (WEF) in […]