Category Archives: Business

Etisalat Sacks Over 100 Nigerian Engineers

July 22 Business no comments

Crisis plagued telco 9Mobile (previously known as Etisalat Nigeria) is embroiled in yet another controversy as one of its key strategic partners, Huawei Technology, sacked over 100 Nigerian engineers this week, this acco...

Afrexim Signs $1bn Loans With Dangote

July 3 Business no comments

The African Export Import (AFREXIM) Bank has signed a $1billion memorandum of understanding (MoU) with the Dangote Group of Companies at the 24th Annual General Meeting of the bank holding in Kigali, Rwanda. AFREXIM Bank...

Ikeja Bus Terminal Almost Ready

July 3 Business no comments

.Photo: The newly built Ikeja Bus Terminal nearing completion, by the Lagos State Government, on Sunday, July 2, 2017. – The Ikeja Bus Terminal is part of the numerous projects being implemented by the Lagos State ...

Labour Hails Dangote On Investment Drive, Employment & Youth Empo...

July 3 Business no comments

Following his fresh investments in automobile and agriculture, the organized labour in the country has commended Alhaji Aliko Dangote, President and the Chief Executive of Dangote Group for promoting investments and crea...

Nigeria Loses N140bn Weekly To Apapa Gridlock -Dangote

June 21 Business no comments

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...

FG’ll Use Recovered Loot To Finance Projects, Says Udoma

June 20 Business no comments

The Federal Government said on Monday it would use a fraction of the looted funds recovered so far to finance part of the 2017 budget. The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, said this at the ...

Dangote, Govt, Flour Mills Sign MOU To Repair Apapa Road

June 19 Business no comments

Succor will soon come to users of Apapa Wharf road as Federal government handed over the troubled road to Dangote Industries Limited and Flour Mills of Nigeria (FMN) for immediate reconstruction with concrete overlay. Af...

SunTrust Bank Denies Withholding NASS Members Salaries

June 15 Business no comments

SunTrust Bank has debunked claims that the bank failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. It would be recalled that the protest by legislative aides was tri...

AfreximBank, GT Bank Shine At African Banker Awards In India

May 24 Business 43 comments

With no one country dominating the awards this year, winners of the 2017 African Banker Awards were announced at a prestigious Gala Dinner in Ahmedabad, India. The Awards, held annually on the fringes of the Annual Meeti...

Dangote Flour Mills Record Huge Profit

May 22 Business 38 comments

.Launches New Affordable Pasta To Substitute Rice Consumption In Nigeria – Shareholders at the weekend in Lagos applauded the Dangote Flour Mills return to profitability after posting a profit before tax of N11.82b...

Aniochaoshimili Draw Up Economic Development Blueprint For Delta State...

May 17 Business 29 comments

The Aniochaoshimili people of Delta state are set to draw up their own economic blueprint for the development of the area. To achieve this, a non-partisan and non-profit making socio–cultural organisation known as Njiko ...

NASCON New Products’ll Boost Revenue, Says Dangote

May 10 Business 22 comments

.Photo: L-R: Director, NASCON Allied Industries Plc, Halima Dangote acknowledging the greetings of the shareholders while Executive Director Commercial, NASCON Allied Industries Plc, Fatima Dangote and the Managing Direc...

Dangote Sells Noodles Assets To Dufil, Makers Of Indomie Noodles

April 19 Business 2 comments

As part of its regular business portfolio review, Dangote Flour Mills (DFM), has exited its noodles business as it does not consider it strategic. The company has sold the assets of Dangote Noodles to Dufil Prima Foods, ...

Tanker Drivers Begin Nationwide Strike On Monday

April 2 Business 32 comments

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has said its Petroleum Tanker Drivers had been mobilised to ensure no movement of petroleum tankers as their nationwide strike begins on Monday. Alhaji Toku...

DSS Arrests Ifeanyi Ubah

March 30 Business 36 comments

Reports on Thursday say the owner of Capital Oil, Ifeanyi Ubah has been arrested and detained by the Nigeria Department of State Services (DSS). The reason for his arrest is not yet known. The businessman, who also owns ...

Dangote Food Companies Reward Distributors With Cash Prizes

February 17 Business 1 comment

Distributors of the Dangote foods companies, including Dangote Flour, Sugar and Salt smiled home last night as the management of the Companies doled out over N2 billion as rewards for their loyalty to the companies over ...

NNPC Announces Measures To Sustain Products Supply Nationwide

February 13 Business 38 comments

The Nigerian National Petroleum Corporation has announced elaborate measures to sustain supply of Premium Motor Spirit, (petrol), Automotive Gas Oil, diesel, and Dual Purpose Kerosene, DPK, otherwise called kerosene, nat...

Dangote Creates More Job Opportunities

February 13 Business 38 comments

.As 25,000 Hectares Of Rice Outgrower Scheme Kicks Off In Sokoto – Dangote Rice, a subsidiary of Dangote Group is set to create more jobs in Nigeria. It was gathered that the company is set to launch it’s multi-mil...

AMCON Took Over Arik Air To Rescue It -Opasanya

February 11 Business 42 comments

The Receiver Manager of the flagging commercial carrier, Arik Air, Mr. Oluseye Opasanya, on Thursday, explained that the takeover of Arik Air by Asset Management Corporation of Nigeria (AMCON) was done to rescue the airl...

Dangote Chief Advocates Restructuring, Funding For Stable Electricity

February 9 Business 34 comments

As Nigerians and businesses grope in darkness, Honorary Adviser to the President of Dangote Group, Eng. Joe Makoju has advocated adequate funding and restructuring of the Power sector so as to achieve relative stability ...

MMM Boss Chuddy, Wife Flee Nigeria

January 26 Business 47 comments

.MMM top guider Chuddy with wife cooling off as millions of Nigerians groan over their trapped money in the MMM Scheme. – Unconfirmed report says the MMM top guider Chuddy Ugorji has absconded and relocated to Phil...

Dangote Gives Panacea To Tackle Power Deficit To Improve Econony

January 19 Business 54 comments

Foremost industrialist and President of Dangote Group, Aliko Dangote yesterday told the audience at the World Economic Forum (WEF) holding in Davos Switzerland that a joint effort between government and private sector to...

3,000 People To Get Jobs As Dangote Sets Up Truck Assembly Plant In La...

January 16 Business 2 comments

Report reaching eyeonthenews.com says about 3,000 people will be employed by Dangote Group. Determined to tap into the opportunity provided by the scarcity of forex in the country to create jobs, foremost entrepreneur, A...