Holcim -the parent company of Lafarge Africa Plc is set to exit Nigeria cement industry ,blaming harsh economy. Reuters reported that Holcim, which owned an 84 per cent stake in Lafarge Africa (WAPCO.LG) said it has now sold its stake to China’s Huaxin Cement for $1 billion. According to Holcim, the deal, projected to be…
Abia State’s Governor Alex Otti has announced the return of Aba as a major industrial and commercial destination in the West African sub-region. Otti made the declaration at the ongoing Aba International Trade Fair at the Aba Mega Mall complex, along the Enugu-Port Harcourt expressway. The 10-day event, which runs from November 28 to December…
The Central Bank of Nigeria says that its newly redesigned website (www.cbn.gov.ng) will become operational on Monday, December 2, 2024. Hakama Sidi Ali (Mrs), Acting Director of Corporate Communications, said: “The Bank has developed a contemporary Web API that operates on Microsoft .NET Core 8 (the most recent and stable release) to enhance user experience…
L-R: Wale Edun, Aliko Dangote; Adaora Umeoji; Bertrand Dumont, and Jim Ovia. Zenith Bank Plc has opened Zenith Bank, Paris, a Third-Country Branch (TCB) of Zenith Bank (UK) Limited, a subsidiary of Zenith Bank Plc. In her welcome address, the Group Managing Director/Chief Executive of Zenith Bank, Dame (Dr.) Adaora Umeoji, said that Zenith Bank,…
▪︎Danjuma Waniko, President of GBCN. The Green Building Council of Nigeria (GBCN) has called for addressing carbon emissions in the building sector of the economy. “Cement production alone accounts for 23 percent of Nigeria’s national greenhouse gas emissions,” said Danjuma Waniko, President of GBCN. He disclosed this during the GBCN workshop in Abuja where he…
The Minster of Industry, Trade and Investment Dr Jumoke Oduwole, has applauded the top 100 exporters in Nigeria who had contributed to the growth of the economy. Oduwole made the commendation on the occasion of the Ministerial Export Consultation held this week, in Lagos. Oduwole emphasized the importance of exports in driving economic growth, creating jobs…
Access Bank Plc has completed the acquisitions of Standard Chartered Bank Angola S.A and Standard Chartered Bank (Sierra Leone) Limited, respectively. The bank is also working on the completion of transactions that would see Access Bank acquire Standard Chartered Bank’s subsidiaries in Cameroon, The Gambia and its Consumer, Private and Business Banking business in Tanzania….
The General Council of the World Trade Organization (WTO) has agreed by consensus to reappoint Dr. Ngozi Okonjo-Iweala as Director-General for a second four-year term, set to begin on 1 September 2025. Dr. Ngozi Okonjo-Iweala first assumed office as Director-General on 1 March 2021., her first term concludes on 31 August 2025. In a statement…
▪︎From left :Mr Kamar Bakrin, Executive Secretary/CEO, NSDC, and Barr. Emeka Obegolu, President of Abuja Chamber of Commerce. The National Sugar Development Council (NSDC) has commenced discussion with the Abuja Chamber of Commerce and Industry (ACCI) to seek potential collaborations that can add value to the Council’s search for serious investments into the sugar subsector….
Dubai is set to host the Gulf’s first large-scale brewery as a joint venture involving Heineken NV prepares to produce popular beer brands in the emirate. Bloomberg reports that this marks a significant shift in a region traditionally known for its strict regulations on alcohol sales and consumption. Sirocco, a partnership between Heineken NV and…
