The Nigerian Naira on Monday appreciated by 4.4 per cent against the U.S. dollar at the parallel market, gaining N16 from its Friday rate. Although the official exchange rate by the Central Bank of Nigeria, CBN remained at N197 – N199 band, the Naira exchanged for N345 to the dollar on Monday from about N361 […]
Continue ReadingLeading African businessman and philanthropist Tony O. Elumelu; Akin Adesina, President of the African Development Bank; Graca Machel, former first lady of Mozambique and widow of Nelson Mandela; Phillipe le Houerou, CEO of the International Finance Corporation and Tarek Sultan Al Esso, CEO and Vice Chairman of the Board Agility have been slated to co-chair the 26th World Economic Forum […]
Continue ReadingThe Consumer Goods Forum (CGF) (http://www.TheConsumerGoodsForum.com) has announced that in just over six weeks, Cape Town will play host to scores of CEOs from the world’s most influential consumer and retail brands. The CGF Global Summit (http://www.tcgfsummit.com), expected to draw more than 800 delegates from over 365 companies from 40 countries, will take place at […]
Continue ReadingNigeria still leads the continent with the highest number of pipeline hotels in Africa says a report released by tourism think-tank, W-Hospitality group. According to the data, new development projects across the country have risen this year by 20 percent with a total of 61 pipeline ventures carrying a capacity of 10,222 hotel rooms in […]
Continue ReadingThe Bureau of Public Enterprises (BPE), in a statement on Thursday, disclosed that the Ukrainian Ambassador to Nigeria, Valeriy Aleksandruk, has stated that his country is ready to invest $1 billion into the Ajaokuta Steel Company in order to revive the plant. The Ambassador, who made this known in Abuja on Wednesday, during a courtesy […]
Continue ReadingNot less than 110 Nigerians and companies have so far been identified by PREMIUM TIMES in the leaked internal data of Panamanian law firm, Mossack Fonsecca, as operators of offshore shell companies in tax havens. Prominent among the new names being revealed today, in addition to the several that were published in the past one […]
Continue ReadingIn its bid to offer more comprehensive logistics solutions that will enhance clients’ optimal satisfaction and reposition the brand to consolidate its leading position in the industry, one of Nigeria’s foremost logistics companies, Red Star Express Group has appointed new Executive Directors for the group and Divisional Managing Directors for its subsidiaries. The subsidiaries are […]
Continue ReadingThe United Bank for Africa (UBA) Group recently held its first ever Senior Leadership Forum reflecting the strategic importance and growth potential of its pan-African business. UBA Group Chairman Mr. Tony O. Elumelu convened the Forum to review the impressive growth that the bank’s African network had made over the past 11 years and to […]
Continue ReadingNigeria’s minister of state for petroleum resources, Ibe Kachikwu, has disclosed that Nigerian National Petroleum Corporation’s refineries will soon be producing aviation fuel. Dr. Kachikwu, who met with Hadi Sirika, his counterpart in the aviation ministry, said that although the refineries are not producing aviation fuel for now, efforts will be made in due course […]
Continue ReadingFollowing a 3-day Forum which was held in Lagos, Nigeria between April 6 & 8, 2016, United Bank for Africa (UBA) Plc Chairman Mr. Tony Elumelu formally inaugurated a Group Board Meeting as a platform for group integration, bonding and knowledge sharing. 90 participants comprising of the entire Board of United Bank for Africa PLC(UBA), […]
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