The Federal Ministry of Finance has forged a strategic alliance with the Organisation for Economic Co-operation and Development (OECD) to combat illicit financial flows and strengthen Nigeria’s economic growth framework. This collaboration marks a significant step in strengthening the country’s financial framework and reinforcing global partnerships for […]
Author: Business Nexus
Dangote Polypropylene to Revive Textile Industry, Save Nigeria $267m-MAN
The Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the Dangote Petroleum Refinery & Petrochemicals will revive Nigeria’s struggling textile industry and save the country $267M in import costs. In an interview on the Channels Business Incorporated Programme, the Director-General of MAN, Segun […]
CDP Awards Dangote Cement ‘B’ On Climate Change, Water Security
Dangote Cement Plc (DCP) has achieved a ‘B’ score in climate change and water security disclosures according to released 2024 CDP results. CDP (formerly Carbon Disclosure Project) is the world’s largest, most comprehensive dataset on environmental action which empowers investors, companies, cities, and national and regional governments to […]
Fidelity Bank Equips Entrepreneurs for Global Trade Success with EMP 18
Tier-one lender, Fidelity Bank Plc, has once again highlighted the importance of promoting non-oil exports as it recently hosted the 18th edition of its dedicated capacity development training tagged Export Management Programme (EMP 18). The programme, which was held recently in Lagos provided a platform for entrepreneurs interested […]
UBA Grows PAT To N766.6bn, Declares N3.00 Kobo Final Dividend
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024. The 2024 financials, filed with the Nigerian Exchange Limited (NGx) on Monday, showed a rise in the bank’s profit after tax which went […]
NBPlc To Seek Shareholders’ Approval For 1.9 billion Share Cancellation Arising From Right Issue
Nigerian Breweries Plc (NB Plc) has announced that it will seek shareholders’ approval for the cancellation of 1.9bn unissued shares at its upcoming 79th Annual General Meeting (AGM), scheduled to take place virtually. The move follows the company’s N599.1bn Rights Issue, which led to the creation of additional […]
Access Bank Celebrates Women Leaders at IWD Conference 2025
Access Bank has announced that it will be honouring the distinguished Power of 100 awardees at its upcoming International Women’s Day (IWD) Conference. The event, scheduled to take place on March 28, 2025, will celebrate the achievements of exceptional women who have demonstrated outstanding leadership, innovation, and impact […]
Oando, REA Launch 1.2GW Solar Project To Boost Power
Oando Clean Energy Limited, in collaboration with the Rural Electrification Agency (REA), has signed a Memorandum of Understanding (MoU) to develop a 1.2-gigawatt (GW) solar power project, marking a significant milestone in Nigeria’s transition to renewable energy. The initiative, which aims to provide electricity to millions of Nigerians, will […]
Hydrogen Donates Solar-Powered System To Lagos School
Hydrogen Payment Services Company Limited (Hydrogen), a subsidiary of Access Holdings Plc in collaboration with the Lagos State Ministry of Education, has donated a 5KVA solar-powered inverter system to Ikosi Senior High School, Ketu. The initiative provides a clean, renewable energy source dedicated to ensuring sustainable access […]
Nigerian Breweries Completes 100% Ownership Of Distell Wines & Spirits
Nigerian Breweries Plc (NB) has announced the acquisition of the remaining 20 per cent minority shareholding in Distell Wines and Spirits Nigeria Limited (DWSN), completing its 100 per cent full ownership of the company. According to the company’s notice to the Nigerian Exchange Limited, the acquisition, which follows […]