Chairman of BUA Cement, Alh. Abdul Samad Rabiu, has recounted how cement dealers frustrated his company’s N3, 500/bag policy, last year. He spoke at the 8th Annual General Meeting of the company in Abuja, this afternoon.said that while his company sold over a million tones of cement to dealers at N3, 500, per bag, with the…
The Securities and Exchange Commission (SEC) says it has granted two digital assets exchanges “approval-in-principle” to commence operation under the accelerated regulatory incubation programme (ARIP). SEC, in a statement on Thursday, said the companies approved are Busha Digital Limited, Quidax Technologies Limited. The approval comes a week after the commission disclosed plans to license providers of virtual assets…
South Africa’s luxury goods tycoon Johann Rupert has become Africa’s top billionaires, overtaking Nigeria’s Aliko Dangote, who has lost the prime spot. The 74-year-old controls the world’s largest luxury watchmaker, Cie Financiere Richemont, through a family trust, with the Bellevue-based company owning renowned brands like Jaeger-LeCoultre and Cartier.According to the latest data from the Bloomberg…
Industry experts have commended the significant investment of Elon Musk’s Starlink in Nigeria, insisting that such investment in Nigeria’s telecommunications infrastructure, demonstrates the company’s unwavering commitment to Africa. According to reports, the company has acquired acres of land in Nigeria in order to build ground stations, or Gateways, across the country. These strategically located facilities,…
The Petroleum Technology Association of Nigeria, PETAN, is seeking partnership with the Abia State Government, under a joint venture model, to operate some potential upstream marginal fields in the state. PETAN’s Chairman, Engr. Wole Ogunsanya, made the proposal when he led his Executive team on a courtesy visit to Governor Alex Utti in Umuahia, Abia…
Nigeria’s rich Oil and Gas reserve is a lucrative investment opportunity which both local and international investors should take advantage of. The Chief Executive Officer, Upstream Regulatory Petroleum Commission, NUPRC, Mr. Gbenga Komolafe, stated this at the “Nigerian 2024 Licencing Round Pre Bid Conference in Lagos. Mr Komolafe was optimistic that the exercise would unlock…
The Lagos State Government has unveiled the Eko Flavours project, a transformative platform to showcase the state as the melting point of Nigeria as well as the culinary prowess of youths and local market vendors in the State. The Eko Flavours was unveiled during a press conference by the Lagos State Commissioner for Agriculture and…
