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Aliko Dangote, president of Dangote Group, says the conglomerate’s revenue base will hit $30 billion by 2020 — a feat he would have considered impossible 10 years ago.

Aliko Dangote maintains position as Africa’s richest man

Aliko Dangote, the President of Dangote Group, who was ranked Africa’s richest man in the 2019 Forbes Africa’s billionaires list, has remained consistently ahead of the pack for the eighth consecutive year, with a current net worth of $10.3 billion.
Diamond Bank

Diamond Bank announces merger with Access Bank

“The proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank via a Scheme of Merger,” the disclosure, sent to the Nigeria Stock Exchange, said.
Nigeria Stock Exchange

Stockbrokers decry low domestic patronage on NSE

The Chartered Institute of Stockbrokers on Friday decried the low level of domestic investors’ patronage in the capital market and urged government at all levels to prioritise capital market development.

Federal government renews licences for Seplat’s three oil blocks

President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OMLs) belonging to oil and gas firm, Seplat Petroleum Development Company Plc.
SAHCO

BPE facilitates SAHCO initial public offer

The Bureau of Public Enterprises (BPE) has facilitated the first Initial Public Offer (IPO) in four years with the public offering of Skyway Aviation Handling Company (SAHCO) Plc for the sale of 406,074,000 ordinary shares. The public offer opens on Monday, November 12, 2018 and closes on Wednesday, December 19, 2018.
Hayford Ikponmwosa Alile

Muhammadu Buhari mourns the late Hayford Alile

President Muhammadu Buhari on Wednesday mourned the Spiritual Leader of St. Joseph’s Chosen Church of God International, Apostle Hayford Alile.

Nigeria Stock Exchange lifts suspension on shares of Standard Alliance Insurance

The Nigeria Stock Exchange (NSE) on Wednesday lifted the suspension placed on trading in the shares of Standard Alliance Insurance Plc over non-submission of accounts.

Nigeria’s economic reforms 2017, Q1 worth over $83.9bn

The Federal Government’s economic reforms to attract investments in 2017 and the first quarter of 2018 is said to yield over 83.9 billion dollars.
Skye Bank

Central bank renews mandate of Skye Bank board

The Central Bank of Nigeria (CBN) has renewed the mandate of the board of Skye Bank for additional two years.

EFCC: Investigations over sale of Oyo government shares ongoing

An Abuja-based investigator of the Economic and Financial Crimes Commission (EFCC), Abubakar Aliu Madaki, has told Justice Mohammed Idris of a Federal High Court in Lagos that enquiries into the sale of shares belonging to Oyo State Government in 2007 are ongoing.

Commodity Exchange chief wants right policies to boost non- oil sector

Mrs Zaheera Baba-Ari, the Managing Director, Nigeria Commodity Exchange (NCX), has solicited for “the right policy initiatives” aimed at boosting the country’s non-oil export earnings.

TomTom named official candy of Super Eagles

For at least the next three years, popular candy TomTom will play the role of ‘Official Candy of the Super Eagles,’ following a contract agreement publicly presented by chieftains of the Nigeria Football Federation and Cadbury Nigeria PLC in Lagos on Friday.

Seplat refinances US$300m revolving credit facility

Seplat Petroleum Development Company Plc, a Nigerian indigenous oil and gas company, listed on both the Nigeria Stock Exchange and London Stock Exchange, has announced that it has successfully refinanced its existing US$300 million revolving credit facility due December 2018 with a new four year US$300 million revolving credit facility due June 2022.

MURIC hails President Buhari’s anti-graft campaign

The Muslim Rights Concern (MURIC) on Monday hailed President Muhammadu Buhari’s achievements in the war against corruption and in the agricultural sector.

Senate to clampdown on Bitcoin, ponzi scheme operators

The Senate of the Federal Republic of Nigeria has expressed great concern over the widespread usage of Bitcoin, a form of Cryptocurrency and other ponzi schemes across the country.

Federal govt targets domestic, export market to build world class mining

The Ministry of Mines and Steel Development says its aspiration is to build a world class minerals and mining ecosystem to target domestic and export market for minerals and ores.

Federal govt’s economic policies commended as investors gain N1.7 trillion in 8 days

The Nigerian stock market has continue to react to the positive market fundamentals and improving macroeconomic outlook since the beginning of the year 2018.

Re-establishing Nigeria’s leadership position in the world

I am glad to be speaking under the chairmanship of my friend and one of our country’s most outstanding and cerebral diplomats, Prof Ibrahim Gambari.

Recent Stories

Election: You’ll lose if President Buhari wins – PDP tells South East governors

The Anambra State chairman of Peoples Democratic Party, PDP, Presidential Campaign Council, Mr Oseloka Obaze, yesterday reminded the South-East governors that they stood the risk of losing their re-election if President Muhammadu Buhari wins on February 16.
From left: National Coordinator, Coalition of Buhari and Osinbajo Movements (COBOM), Comrade Austin Gabriel; Chairman of the occasion, Haruna Dawop; Mrs Mary Enpeyong who represented Sen. Godswill Akpabio; and National Secretary of Buhari Patriotic Movement, Shoyemi Adeniyi, during the inauguration of the new executive members of the group, in Abuja

Election: Group reveals why President Buhari deserves to be re-elected

The Coalition of Buhari/Osinbajo Movement (COBOM) says President Muhammadu Buhari deserves re-election because his administration is doing more with less resources.
Isiak Kayode Opeifa

Kayode Opeifa: Construction of four pedestrian bridges flagged off in Abuja

Kayode Opeifa, Secretary, Transportation Secretariat of the Federal Capital Territory Administration (FCTA) on Thursday said work has commenced at the four locations earmarked for new pedestrian bridges in the Federal Capital Territory (FCT).

One feared killed, houses razed in Benue communal clash

An eyewitness who fled from the crisis along with several others told newsmen that several houses were burnt.
Yakubu Dogara, speaker of the house of representatives,

Electoral Bill: Speaker Dogara raises alarm over fate of general elections

Speaker of the House of Representatives, Yakubu Dogara, has raised an alarm over the fate of the general elections.