Company Report
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Amid portfolio optimisation, MTN Group exits Guinea-Conakry
MTN Group has sold its subsidiary in the Republic of Guinea to the government as the management said the transaction aligns with its focus on portfolio optimisation and simplification, as part of the ‘Ambition 2025’ strategy. In a statement on Thursday, the telecommunications company (telco) said the sale was concluded on December 30, 2024. Commenting on the sale of the…
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Access Holdings rights issue oversubscribed by 105.76%
Access Holdings Plc has announced 105.76 per cent rights issue oversubscription and it has secured the full regulatory approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) of its recently closed Right Issue of 17,772,612,811 Ordinary Shares of 50 Kobo each at N19.75 Kobo per share and has raised the target amount of N351.01…
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MTN Nigeria renews spectrum lease agreement with NTEL
MTN Nigeria Communications PLC on Tuesday notified the Nigerian Exchange Limited and the investing public that the Nigerian Communications Commission (NCC) has approved the renewal of the spectrum lease agreement between MTN Nigeria and Natcom Development and Investment Limited (NTEL). This agreement covers the lease of NTEL’s 5MHz frequency division duplex (FDD) in the 900MHzspectrum band and 10MHz FDD in…
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Access Bank hosts President Steinmeier, commits to strengthening german-Nigerian trade relations
Access Bank Plc recently welcomed the President of the Federal Republic of Germany, Frank-Walter Steinmeier, during his first official visit to Nigeria, underscoring the growing importance of German-Nigerian economic ties. Accompanied by a delegation of German business leaders and representatives, President Steinmeier’s visit highlights Access Bank’s pivotal role in strengthening bilateral trade relations and supporting German businesses operating in Nigeria…
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Dangote-led flood committee delivers N1bn relief items to Borno Govt
The Aliko Dangote-led Presidential Committee on Flood Relief and Rehabilitation (PCFRR) has delivered emergency relief materials valued at N1 billion to the Government of Borno State for onward distribution to persons affected by the 2024 flood in the State. During the handover ceremony held on Tuesday in Maiduguri, the Secretary of the Presidential Committee on Flood Relief and Rehabilitation, Mrs.…
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Benue agog, as Dangote Cement, communities, seal multimillion Naira dev’t accord
A wave of jubilation swept through Gboko, Benue State, on Wednesday as Dangote Cement Plc and six host communities signed an historic Community Development Agreement (CDA). The landmark accord, which commits Dangote Cement to multimillion-naira development initiatives, was celebrated as a transformative milestone, with the communities pledging to uphold a peaceful coexistence. His Royal Highness, Ter Gboko, Gabriel Shosum, hailed…
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Ecobank design & build expo: Experts advocate green building for sustainable financing
Industry professionals in the building and construction sectors have been encouraged to adopt green building practices as a means to secure sustainable financing for large-scale projects. This was the key takeaway from experts who spoke at the Ecobank Design and Build Expo in Lagos last week. Green building, or sustainable building, refers to the design and construction of structures that…
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Holcim Limited with 83.81% stake in Lafarge Africa handovers to Huaxin Cement
Holcim Limited, an international investor holding its shares in the names of its subsidiaries: AIC UK and CariCement BV is seeking for regulatory approval to handover 83.81 per cent of its stake in Lafarge Africa Plc to Huaxin Cement Holcim Limited as of December 2023 had a shares in the names of its subsidiaries: Associated International Cement Limited UK(27.77per cent)…
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Access Bank completes acquisition of Standard Chartered Bank in Angola, Sierra Leone
Access Bank Plc has announced to investing public the complete acquisition of Standard Chartered Bank Angola S.A ad Standard Chartered Bank (Sierra Leone] Limited. The Company Secretary, Access Holdings Plc, Mr. Sunday Ekwochi in statement on Wednesday said, “Further to our July 14, 2023 announcement regarding the above subject, Access Holdings Plc announced that its flagship subsidiary, Access Bank Plc…
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AP strengthens partnership with lubricant distributors for strong performance
Ardova Plc, a leading indigenous integrated energy company in Nigeria, has set a new benchmark in the lubricants market with the unveiling of its state-of-the-art lubricant oil blending plant (LOBP). With a production capacity of 150 million litres per annum and a storage capacity of 14 million litres, the new facility is designed to meet the evolving demands of the…
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