Oil multinational, Chevron Nigeria Limited has announced the appointment of Richard Kennedy as its new Chairman and Managing Director.
With this disclosure, Kennedy succeeds Jeffrey Ewing, who recently moved into a new role outside Nigeria in Chevron’s Middle East, Africa and South America Region.
Kennedy’s appointment which had already taken effect...
On Thursday, June 24, 2021, the House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, quizzed Innocent Ike, the Acting Managing Director,...
Flour Mills of Nigeria Plc (FMN) and Honeywell Group Limited (HGL) would soon finalise their plan to merge, as they signed an agreement for the proposed combination of FMN through its affiliates.
The merger would see the establishment of Honeywell Flour Mills Plc (HFMP), a portfolio company of HGL, at...
Dangote Sugar Refinery Plc has restated its commitment to the achievement of Sugar Backward integration projects, describing it as the best thing that happened to the sector.
Speaking to shareholders at the 16th Annual General Meeting (AGM) of Dangote Sugar Plc, in Lagos the Chairman of the Company, Aliko Dangote, said...
Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of sugar next season. The dividend payout will translate to N1.50 kobo per...
GTBank has secured the approval of the Central Bank of Nigeria (CBN) to become a financial holding company, with its Approval-In-Principle.
This follows a month after Sterling Bank obtained theirs in order to branch out of the core banking business.
With its Holding Company status, GTBank will commence its restructuring, which...
Union Bank of Nigeria Plc has been ordered to pay a N5.5 million fine for damages.
Justice Winifred Effiong of a High Court of Akwa Ibom, sitting in Uyo, the state capital, found Union Bank guilty of the breach of agreement allegation brought before it by some customers of the...
First Bank has finally confirmed that billionaire Femi Otedola is now its largest shareholder.
This development came after the financial institution released a statement that said the report published on Unmask NG that has it that Otedola had become a major shareholder in the bank after securing the acquisition of...
Remi Babalola, a formal chairman of FBN Holdings, has stated that corruption was why he resigned from his position in the company.
In his resignation letter to FBN Holdings, Babalola noted that he could no longer persevere the corruption in the company.
His resignation letter read: “I accepted the appointment as...
The Manufacturers Association of Nigeria (MAN) has strongly condemned the invasion of Dangote Cement Plant on Wednesday by the state’s security outfit, the Vigilantes, on the order of the State Governor Yahaya Bello, noting that such action will discourage new investments in the State.
The president, MAN, Engr. Mansur Ahmed,...