Like PenCom, South African pension fund queue for Dangote Refinery’s IPO
The planned IPO is expected to involve the sale of about 10 percent equity in the refinery through what the Dangote Group has described as a pan-African public offering.
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Global trade set to hit record $33 trillion by year-end
The latest Global Trade Update published by UN Trade and Development (UNCTAD) reports that Global trade is set to reach a record $33 trillion by the end of 2024. The reports indicate that the $1 trillion increase reflecting 3.3% annual growth, highlights resilience in global trade despite persistent challenges. Said the reports: “Robust growth in services trade,…
NAFDAC destroys fake drugs and products worth N15bn in Oyo
The products destroyed today (Thursday) includes expired, counterfeit, uncontrolled, unregistered and banned drugs such as Analgin, Cocodamol, Codeine cough syrup, Tramadol, Oxytocin and various types of vaccines.
Joe Ajaero wins Arthur Svensson International award
Ajaero is the first trade union leader in Nigeria to receive the Arthur Svensson Award, established in memory of the legendary Norwegian trade unionist and internationalist, Arthur Svensson.
LCCI Announces Venue for ‘Invest Nigeria’ Expo 2024
LCCI said that the expo will be used to introduce 15 Unicorn Companies to the Nigerian Economy, Sign landmark investment agreements
Hunger Protests: Businesses Suffer Over N700bn Losses
▪︎People protest against hardship on the street of Lagos, Nigeria, Thursday, Aug. 1, 2024. Thousands of mostly young people poured onto the streets across Nigeria on Thursday as they protested against the country’s worst cost-of-living crisis in a generation. Security forces fired tear gas to disperse some of the protesters in the capital, Abuja. (AP…
MTN Suspends Borrow Me Data, Xtratime Service
MTN Nigeria Communications Plc on Thursday notifies the Nigerian Exchange Group (NGX) and the investing public that the Company has temporarily suspended its airtime and data credit advance service, Xtratime. Xtratime allows subscribers to borrow airtime or data and repay on their next recharge, a service widely used by millions of Nigerians, particularly during periods…
Nestlé: Philipp Navratil takes over as CEO, following Freixe’s sack over Romance Scandal
The departure of Laurent Freixe follows an investigation into an undisclosed romantic relationship with a direct subordinate which breached Nestle’s code of business conduct
Manufacturing top major drivers of N41trn Lagos economy
▪︎ Lagos Governor, Babajide Sanwo-Olu The manufacturing and transportation sectors topped the major drivers of Lagos State’s economy which has grown from N27 trillion to N41 trillion in recent years. This is disclosed by the State’s Commissioner for Commerce, Cooperatives, Trade and Industry, Mrs Folasade Ambrose-Medebem. Ambrose-Medebem made the remarks on Tuesday, at the 9th…
Dangote: A Dogged and Fierce Fighter for Local Industries Survival
A current example is his public dispute with Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).