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Category: Business

Nigeria loses more than 140 billion weekly to Apapa gridlock – Aliko Dangote

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President of Dangote Group, Aliko Dangote has lauded the decision of the Federal Government to reconstruct the failed Apapa Wharf road as its grim state serves as both an embarrassment to the country and a huge financial loss to the government on a weekly basis. Dangote who spoke on Tuesday said “The economy loses more […]

SNEPCo’s Bonga delivers 702 million oil barrels for Nigeria in 12 years

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L-R: Head, Turnaround Maintenance, Shell Nigeria Exploration and Production Company (SNEPCo), Tunde Olasubulumi; Engineering Manager, Chiedu Ejiofor; General Manager, Deep-water Production, Effy Okon; Managing Director, Bayo Ojulari; Communications Manager, Sola Abulu; Business Relations Manager, Alan Udi; and Transformation Manager, Toun Mustapha, at a press conference on the just completed turnaround maintenance of the Bonga deep-water […]

Dangote Flour Mills’ Return to Profitability… Launches new affordable pasta to substitute rice consumption in Nigeria

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Shareholders at the weekend in Lagos applauded the Dangote Flour Mills return to profitability after posting a profit before tax of N11.82bn for its financial year ended December 31, 2016. The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing shareholders at the 11th Annual General Meeting in Lagos said “Despite the tough business environment, […]

Our commitment to Nigeria remains strong’ – Shell

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pix:(L-R)Campaign Implementation Advisor, Shell Petroleum Development Company of Nigeria (SPDC), Mrs. Darbuni Maikori; Communications Manager, Shell Nigeria, Mrs. Sola Abulu and Corporate Media Relations Manager, Mr. Precious Okolobo. Shell remains strongly committed to the development of Nigeria, Osagie Okunbor, Country Chair, Shell Companies in Nigeria said in Lagos, while announcing that The Shell Petroleum Development […]

FG Lauds BUA Group On Spear-heading Sugar Development In Nigeria

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Nigeria’s Minister of State for Industry, Trade and Investment, Hajia Aisha Abubakar alongside the National Sugar Development Council commended the management of BUA Group for the extensive work achieved on its Lafiagi sugar plantation, LASUCO – a backward integration site for BUA Group’s sugar subsidiary, BUA Sugar. This was revealed when the Minister with National […]