Customers of Liquidated Obosi MFB to Smile at ChriThursday, December 5, 2024
The Depositors and customers of Former Obosi Microfinance Bank(OMFB) which was wrongfully liquidated sometimes in May 2023 have been assured that they were free to come next week and withdraw a part of or the whole of their money from Adike Microfinance Bank(AMFB) which acquired the assets and liabi ...
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Cement Manufacturing Firm, Holcim, Exits Nigeria After 65 YearsMonday, December 2, 2024
The Swiss cement and building materials manufacturers, Holcim, has announced its exit from Nigeria. The company cited its strategy to streamline operations and focus on high-growth regions and sustainability. The company plans to sell its 83.8 per cent stake in Lafarge Africa Plc to China rsqu ... |
Boeing Group Restates Commitment To Growth Of Air Peace LimitedSunday, December 1, 2024
The Boeing Company, a leading global aerospace company in the US, has restated its unalloyed support to Air Peace, Nigeria rsquo;s premier airline and West Africa rsquo;s largest carrier. This is a testament to the critical role Air Peace plays in the development of aviation industry in Nigeria. ... |
Gov. Nwifuru presents budget estimate of N396,589bn for 2025 fiscal year.Friday, November 29, 2024
Ebonyi state Governor, Chief Francis Ogbonna Nwifuru, has proposed a budget estimate of three hundred and ninety six billion, five hundred and eighty nine million, nine hundred and sixty two thousand naira (N396,589,9620.00bn) for the 2025 fiscal year . Presenting the estimate entitled ldquo;Bud ... |
Governor Mbah Earmarks N41bn To Acquire 4 Aircraft In 2025 For 'Enugu Air'Wednesday, November 27, 2024
Governor Peter Mbah of Enugu State has announced his plan to acquire four aircraft with a total of N41,132,463,000 to expand Enugu Air. Mbah rsquo;s administration had on October 2023 announced plans to establish a state-owned airline, Enugu Air, within the next 15 months. However, presenting ... |
President Tinubu Set To Present N47trillion 2025 Budget To National AssemblyMonday, November 25, 2024
The Nigerian Senate has disclosed that President Bola Tinubu is expected to present the 2025 national budget within the week. The Senate spokesperson, Yemi Adaramodu (APC, Ekiti South), who made this disclosure on Sunday, hinted that the presentation might occur ldquo;this week or in earnest, rd ... |
It Will Boost Export— Enugu LG Chairman Defends Appointments Of Aides On GardenTuesday, November 19, 2024
The Chairman of Igbo-Etiti Local Government Area, Enugu State, Dr. Eric Odo, has defended his appointments of persons as Senior Special Assistants on Agriculture, Garden, Yam and Pepper Odo, who frowned on negative reactions generated by the development, said the appointment of SSAs on Agricultur ... |
Shareholders Massively Vote in Favour of FMN’s Minority Shares Buyout SchemeSaturday, November 16, 2024
On the 14th day of November 2024 around 12:30 PM, Flour Mills of Nigeria (FMN) held its 64th Annual General Meeting (AGM) at Balmoral Convention Centre, Federal Palace Hotel, Lagos. This particular AGM was quite symbolic because right before the AGM, the Leading Food and Agro-Allied Group was also m ... |
DStv, Gotv Loses 243,000 Subscribers In Six Months Over Inflation, Price HikesWednesday, November 13, 2024
MultiChoice Nigeria has lost 243,000 subscribers on its Digital Satellite Television (DStv) and General Entertainment on Television (GOtv) services from April to September this year. The South African pay-TV operator, MultiChoice Group, made this known in its Interim Financial Results for the per ... |
BUA Industries secures US$200 Million Facility From Afrexim Bank To Support ExpTuesday, November 12, 2024
Cairo, Egypt 11 November 2024: ndash; African Export-Import Bank (Afreximbank) has approved a US$200 million Corporate Finance Facility in favour of BUA Industries Limited to support its expansion plans. BUA is a Nigerian conglomerate with diversified business interest spanning across, sugar and ce ... |
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