Opening the week on Monday, investors on the Nigerian stock market lost N750 billion from their portfolios as bearish sentiment persisted. Specifically, selloffs in the stocks of Dangote Cement, alongside Tier-one banks, namely; Guaranty Trust Holding Company (GTCO), FBN Holdings, among other declined equities pulled the market’s performance down....
Dangote
President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC), mandating it to strengthen the economy. He also inaugurated the Economic Stabilisation Programme aimed ensuring food security, improved power supply, enhanced social welfare and healthcare, increased energy production, and overall economic transformation. Speaking during the...
President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategising a way out of the current economic situation in the country. The Council has a mix of government officials, top private sector players, and consultants including President of the Dangote Industries Limited, Mr...
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Money is perhaps a homeless vagrant. It has no nationality or permanent homestead in real terms. It goes and stays only where its masters are wise, prudent and far sighted. But in a world dominated by nations and their interests, real money is first a national...
Latest Job Vacancies in Nigeria Today Jobs at A.G Leventis (Nigeria) Plc Jobs at MacTay Consulting Ongoing Recruitment at CBRE Jobs at Lotus Bank Jobs at Buckler Systems Customer Fleet Officer Job at Dangote Group Zurishaddai Recruitment Age.ncy Job for Audit / Tax Trai.nee International Facilities Services Limited Recruitment...
Dangote Foundation flagged off the distribution of 120,000 bags of 10kg rice to the needy in Kano State on Saturday. Chairman of the foundation, Alhaji Aliko Dangote, said that ultimately, one million 10kg bags of rice would be distributed to reach one million vulnerable people in the 774...
The House of Representatives has resolved to invite the management of the Dangote BUA and other cement manufacturers to interface over high cost of cement in the country. This followed the adoption of a motion by Rep. Jonathan Gbefwi (PDP-Nasarawa) at plenary on Wednesday. Presenting the motion, Gbefwi...
The Dangote Group has restated its commitment in deepening Nigeria’s local content across business sectors. The representative of the company, Hajiya Halima Wali, said this on Thursday during the Dangote Group Special Day at the ongoing 45th Kaduna International Trade Fair. Wali said that investing in local industries,...
President Bola Tinubu has said the administration will continue to put in place measures to bring succour to Nigerians. At a tripartite meeting with governors and business people in Abuja on Sunday, Tinubu said that all options would be explored to resolve the nation’s socio-economic challenges. The President...
The National Economic Council (NEC) has taken bold steps to ensure food security and put an end to the economic challenges confronting the nation. The News Agency of Nigeria (NAN) reports that the council also pledged to make fertiliser available to farmers and to establish Agro-Rangers to tackle...
The Federal Government says it might open the borders for cement importation, if manufacturers of the product fail to bring down the cost. The Minister of Housing and Urban Development, Mr Ahmed Dangiwa issued the threat on Tuesday in Abuja at a meeting with Cement and Building Materials...
End users of cement in Benue, have decried the sudden increase in the price of the product from N5,500 to N8,000. They made their feelings known in an interview with the News Agency of Nigeria (NAN), on Wednesday in Makurdi. According to Mr James Toryila, the astronomical increase...
Below is a list of Nigerians who reportedly own private jets along with their net worth: 1. Aliko Dangote – Founder of Dangote group – $19.6 billion 2. Mike Adenuga – CEO of Globacom Ltd – $7 billion 3. Allen Onyema – CEO of Airpeace – $3.1 billion...
By OLA MUDOPE, Lagos – The Dangote Group has expressed readiness to assist the Economic and Financial Crimes Commission (EFCC) in its investigations, following the visit of the anti-graft agency to the company’s head office in Lagos. It would be recalled that EFCC operatives on Jan. 4, embarked...
The Economic and Financial Crimes Commission (EFCC) has summoned top officials of the Dangote Group to Abuja to come along with detailed documents on foreign exchange transactions by the conglomerate covering the last nine years. Operatives of the EFCC stormed the headquarters of Dangote Industries Limited in Ikoyi,...
Operatives of the Economic and Financial Crimes Commission (EFCC) are reportedly conducting a search on forex allocations to the company during the tenure of Godwin Emefiele as Governor of Central Bank of Nigeria, according to SaharaReporters. The EFCC’s spokesman, Dele Oyewale, has also confirmed the development. Dangote...
By DAVID IORJA, Abuja – President Bola Tinubu has said every negative perception or notion about what Nigeria has represented in the past with respect to the ease of doing business, monetary policy, and trade cooperation is no longer applicable now and in the future of Africa’s largest...
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