Company Report
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Eko Electricity Distribution Company sacks MD
The Managing Director of the Eko Electricity Distribution Company, {EKEDC}, Tinuade Sanda has been removed from her position. According to the letter announcing her removal and dated March 21, Sanda’s sack is sequel to a directive from the National Electricity Regulatory Commission, (NERC), mandating EKEDC to ensure that all staff working for the electricity distribution company are employed directly by…
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FBN Holdings announces five new directors
FBN Holdings, Nigeria oldest bank has appointed three new directors for the HoldCo and two more for the Bank marking the beginning of billionaire investor, Femi Otedola’s, tenure as chairman of the holding company. The directors appointed by the bank all have intimidating resume’s suggesting a new direction for one of Nigeria’s largest financial institution. The holding company announced the…
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Dangote lauds Lagos Govt. on consumer rights advocacy
The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Hajia Fatima Aliko Dangote, on Friday lauded and congratulated the Lagos State Consumer Protection Agency (LASCOPA) on the successful hosting of the 2024 World Consumer Rights Day, noting that consumers have the right to accurate, transparent, and easily understandable information about products and services. Speaking at the event, Fatima…
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Port Harcourt Refinery commences operations in two weeks, says Mele Kyari
The Port Harcourt Refinery will start operations in the next two weeks, the Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mr Mele Kyari, has said. The NNPCL boss also revealed that the Kaduna Refinery will resume operations by December 2024. Mr Kyari gave the information while appearing before the Senate Ad-hoc Committee investigating the Nigerian Refineries’ Turn…
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Access Holdings announces Aig-Imoukhuede as Non-Executive Chairman
Access Holdings Plc on Wednesday announced the return of Mr. Aigboje Aig-Imoukhuede as its Non-Executive Chairman. Mr. Aig-Imoukhuede, replaced Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Director. This visionary and accomplished leader is bringing an outstanding record of accomplishments, wealth of expertise and leadership to guide the Group into…
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We’ve empowered 305 host community youths, says Dangote Cement
No fewer than 305 youths from the Dangote Cement Ibese plant’s 17 host communities have so far been trained and empowered with multi-million Naira start-up packs in different vocations since the commencement of operations by the Cement Company in Ibese, the Company management has disclosed. L–R, Mines and Environmental Compliance ( MEC) Officer, Federal Ministry of Solid Minerals, Ochimana Matthew…
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Heirs Holdings to lead Africa’s digital evolution, launches Heirs Technologies
Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, announced the launch of its new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa’s digital transformation through innovative and locally tailored solutions. Heirs Technologies endeavours to provide value added services that capitalise on top-tier expertise while guaranteeing accessibility locally. The…
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Largest tomato processing factory in West Africa commissioned in Kebbi
The largest tomato processing factory in West Africa has been commissioned in Gafara, Ngaski LG of Kebbi. A Spanish multinational group, GB Foods, launched it in Nigeria. The commissioning was witnessed by the Minister of Agriculture and Food Security, Senator Abubakar Kyari and Minister of Information and National Orientation, Alhaji Muhammed Idris. Minister of Budget and National Planning, Atiku Bagudu,…
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Nascon Allied Industries declares 151% growth in profit
Leading food seasoning manufacturer, NASCON Allied Industries has gained more market share even as its profit after tax (PAT) rose by 151 per cent to N13. 73 billion for the financial year ended December 31, 2023. A review of the company’s 2023 annual results and accounts indicated that profit after tax rose by N8.26 billion over N5.47 billion recorded in…
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Catherine Nwosu makes history as Africa Prudential’s first female CEO
Africa Prudential Plc has announced a historic leadership transition. Effective March 1, 2024, Catherine Nwosu will become the company’s first female CEO, marking a significant milestone in its history. Nwosu, a distinguished capital markets veteran, brings a wealth of experience to the role. Having served in various capacities within Africa Prudential since its inception in 2006, she is well-versed in…
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