The Nigerian Aviation Handling Company (NAHCO) Plc is targeting a total group revenue of N300 billion within the next five years. Dr Sola Obabori, the Group Executive Director, International Business & Corporate Services of NAHCO, stated this at the company’s bell ringing and Facts Behind the Figures’ at the Nigerian […]
Category: Industry
Industry
Oriental Energy Conduct Naming Ceremony For Okwok Field FPSO
Oriental Energy Resources (OERL) announces the naming of the EMEM Floating Production Storage and Offloading Vessel (FPSO) at the Dry Docks World Dubai Shipyard in the United Arab Emirates. The naming ceremony was attended by His Excellency Vice President Kashim Shettima GCON, who represented His Excellency President Bola Ahmed Tinubu […]
Nigerian Breweries Secures SEC Approval For 20.7bn Share Allotment After Rights Issue …..Records 91.59% Subscription Rate
Nigerian Breweries Plc has announced that it has received clearance from the Securities and Exchange Commission (SEC) for the allotment of 20,706,894,542 ordinary shares of 50 Kobo each, priced at N26.50 per share, under its recently concluded Rights Issue. According to the statement, the Rights Issue recorded an impressive […]
NB Plc Appoints Juliet Anammah As Board Chairman
The Board of Directors of Nigerian Breweries Plc has announced the appointment of Juliet Anammah as the substantive chairman. Her appointment becomes effective January 1, 2025. She succeeds Sijbe “Siep” Hiemstra, who has been acting as the board chairman in an interim capacity since the start of the year. […]
BOI Disburses N22.89bn From Manufacturing Intervention Fund
The Bank of Industry (BOI) has disbursed N22.89bn out of its N75bn Manufacturing Sector Intervention Fund to support 29 manufacturers. This was announced by Dr. Olasupo Olusi, Managing Director of BOI, during the bank’s first-ever interactive session with the Organized Private Sector (OPS) held in Abuja. The event, themed […]
Boeing Group Restates Commitment To Growth of Air Peace Limited
The Boeing Company, a leading global aerospace company in the US, has restated its unalloyed support to Air Peace, Nigeria’s premier airline and West Africa’s largest carrier. This is a testament to the critical role Air Peace plays in the development of aviation industry in Nigeria. Harry Magui, Senior […]
Holcim Exits Nigerian Market After 65 Years, Sells Lafarge Africa to Huaxin Cement for $1bn
Cement maker Holcim has announced the $1 billion sale of its 83.8% stake in Lafarge Africa to China’s Huaxin Cement. After roughly 65 years of operations in Nigeria, Swiss cement and other building materials’ maker, Holcim, on Sunday announced that it was set to leave the country. The […]
Ngozi Okonjo-Iweala Reappointed As WTO Chief
The World Trade Organization (WTO) has reappointed Ngozi Okonjo-Iweala for a second term as Director-General during a special meeting held on Friday. Okonjo-Iweala, who made history in 2021 as the WTO’s first female and first African leader, will serve another term as the organization prepares to navigate an era […]
Tantalizers Plc Announces Board Changes After Majority Stake Acquisition ….Names Robert Speijer as Group Managing Director
The Board of Directors of Tantalizers Plc has announced the appointment of Dutch citizen, Robert Speijer as its new Group Managing Director (GMD) and Charles Olayemi Ifidon as its Group Deputy Managing Director (DMD) as well as MD/CEO of Tantalizers Foods and Retails, with effect from Tuesday 29th October, 2024. […]
Air Peace’s Growth Proves Nigeria’s Potential in Global Aviation, says Festus Keyamo
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo (SAN), has said Air Peace’s strong performance in the aviation industry is a testament to Nigeria’s global aviation potential. The minister made this disclosure at the 10th-anniversary celebration of Air Peace held at the Eko Hotels and Suites in […]