Investors harvest 140% return from Dangote Cement by Godfrey Obioma
Written by Kunle Awosika
12 June, 2023
Investors who took positions in Dangote Cement’s stock in 2020 and exited June 31, 2023 harvested 140.26 per cent returns through capital appreciation and 11.11 per cent in H1- 23. This excludes dividend payment which has remained consistently impressive.
FG suspends CBN governor, Godwin Emefiele
Written by Kunle Awosika
09 June, 2023
President Bola Tinubu has suspended the Central Bank Governor, Godwin Emefiele, from office with immediate effect.
Tingo Group: A By-Standers Verdict in the Face of Controversy
Written by Seunmanuel Faleye
08 June, 2023
In the world of business, success often comes with scrutiny and challenges. Tingo Group, fintech and agro-tech conglomerate with presence in Africa, Southeast Asia, and the Middle East, led by Dozy Mmobuosi, recently found itself embroiled in a contentious controversy following allegations made by Hindenburg Research, an acclaimed U.S. investment organization.
The Intimidating Profile of Africa’s Billionaire, Dozy Mmobuosi
Written by Kunle Awosika
08 June, 2023
Dozy Mmobuosi is a distinguished technology entrepreneur who advocates for technological advancement and social upliftment in Africa and beyond.
IFC and Partners Support BUA with $500 Million Facility to Boost Industrialization, Create Jobs, in Nigeria
Written by Kunle Awosika
06 June, 2023
International Finance Corporation (IFC) has made its largest-ever investment in northern Nigeria, providing a financing package alongside African and European partners to BUA Cement Plc to help the company part-finance and develop two new, energy-efficient cement production lines that will create up to 12,000 direct and indirect jobs.
CBN raises interest rate to 18.5%
Written by Kunle Awosika
24 May, 2023
The Central Bank of Nigeria (CBN), has again raised interest rate from 18 percent to 18.5 percent.
Access Bank PLC expands global footprint with launch of French subsidiary
Written by Kunle Awosika
18 May, 2023
Access Bank PLC, the flagship company of Access Holdings PLC, on Thursday officially launched its subsidiary in Paris, France. The Bank’s operations will focus on trade finance, initially capitalising on flows between Africa and France, particularly Francophone Africa.
HERBERT WIGWE ASSUMES LEADERSHIP OF FRANCE NIGERIA BUSINESS COUNCIL FOLLOWING PIONEER CHAIRMAN, ABDUL SAMAD RABIU'S SUCCESSFUL TWO-TERM TENURE
Written by Kunle Awosika
10 May, 2023
Pioneer President of the France Nigeria Business Council, Abdul Samad Rabiu, has handed over the reins of the council after a successful two-year tenure to Herbert Wigwe, the Group Managing Director of Access Bank.
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