Category Archives: Slider

Dangote takes over Tiger Branded Consumer Goods

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To revert to Dangote Flour Mills Alhaji Aliko Dangote’s Dangote Industries Limited (DIL) has acquired 65.6 per cent majority equity stake in the former Dangote Flour Mills Plc, now rebranded Tiger Branded Consumer Goods (TBCG) Plc, from Tiger Brands Limited, the South African core investors. A cross deal for the transfer of more than 3.28 […]

Minister, Oil Sector Stakeholders to Meet Over Low Oil Price

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Minister, Oil Sector Stakeholders to Meet Over Low Oil Price

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu and other industry stakeholders will convene in Abuja next month to provide insights into the way forward for the Nigerian oil and gas industry amid the low oil price environment. The minister had confirmed his participation as the guest of honour and host minister at the […]

Naira already devalued, 28 professional associations insist

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Naira already devalued, 28 professional associations insist

The naira is already devalued whether the President Muhammadu Buhari-led Federal Government accepts it officially or not, 28 professional associations registered in the country have said. According to the Association of Professional Bodies of Nigeria, the naira has depreciated significantly against the United States dollar at the parallel market regardless of the President’s recent stance […]

N/Delta: Chevron, IITA partner to train 40 youths in agriculture

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N/Delta: Chevron, IITA partner to train 40 youths in agriculture

Chevron Nigeria Limited (CNL)and International Institute of Tropical Agriculture (IITA) Ibadan, had concluded arrangement to train 40 youths from the Niger Delta region in agriculture. Mr Deji Haastrup, General Manager, Government and Public Affairs of Chevron, disclosed this on Thursday in Warri at an event to kick-start the programme. Haastrup said that the youths would […]

MTN has paid N50bn – FG

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MTN has paid N50bn – FG

Minister of Communications, Adebayo Shittu, Thursday confirmed that MTN has paid N50 billion out of the N780bn fine imposed by the Nigerian Communications Commission (NCC) for regulatory infractions. MTN on Wednesday confirmed the payment, adding that it had also withdrawn the suit it brought against NCC. The agency, however, responded that it was yet to […]