Business

The Independent Petroleum Marketers Association of Nigeria, Kano State chapter, has directed its members to sell fuel at N150 per litre. The directive was contained in a statement by IPMAN chairman in the state, Bashir Danmallam, a copy of which was made available to our correspondent in Kano on Wednesday. …

The traffic in Lagos State has made life unbearable as business owners narrate the impact on investments. https://www.youtube.com/watch?v=M1re62GeOtU&feature=youtu.be

One of Africa’s largest cement producers, BUA Cement, has announced an impressive 2020 half-year results declaring revenues of N101.3billion and a Profit After Tax of N34.82billion representing an increase of 12.7% and 13.74% respectively from the corresponding period in 2019. This was contained in a filing to the Nigerian Stock …

ShopRite Nigeria has debunked the story making the rounds that it intends to close shop in Nigeria. The Country Director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, said: “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors which we have also been talking …

Shoprite, Africa’s largest food retailer, announced on Monday it is considering selling off its majority share in its Nigerian subsidiary. In a trading update filed at the Johannesburg Stock Exchange (JSE), the retail giant said it has begun the formal process of liquidating its majority share. “Following approaches from various …

Africa’s biggest grocery retailer, Shoprite, is exiting the continent’s most populated country, Nigeria, after 15 years. The Cape Town-based retailer has started a formal process to consider the potential sale of all or a majority stake in its supermarkets in Nigeria, it said in a trading statement for the 52 …

An oil and gas trading company, Samano SA DE CV, has accused officials of the Nigerian National Petroleum Corporation and other personnel in government of stealing 48 million barrels of Bonny Light Crude oil. In a July 23, 2020 letter from Lords and Temple, signed by Gboyega Oyewole, SAN, and …

Balancing A Legal Career, Developing A Mega Tech Coy – Hello Africa CEO, Nneka Egbujiobi, ESQ. Often times, meeting the right person in a romantic or business relationship could be an uphill task. In the new age of social media, connecting friends through cyber space have been greeted by some …

Following the recent partnership between PAN Nigeria Limited and Higer Bus Company Limited of China, the former has commenced the production of the Higer Bus in its plant in Kaduna. PAN Nigeria is the country’s foremost multi-brand automobile manufacturer and assembler. Established in 1998, Higer Bus Company is Chinas leading …

Standard Chartered Nigeria has announced the appointment of Olukorede Adenowo as Executive Director of Standard Chartered Bank Nigeria. Newsextra24 has learnt His appointment as Executive Director follows his recent appointment earlier in the year as Head of Corporate and Institutional Banking business in Nigeria where he is responsible for driving and implementing …