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Saturday, May 30, 2020

Dangote Group, SAP collaborate to achieve digital transformation in record time

Image by © Kevin Burke/Corbis LAGOS, Nigeria April 20th, 2020, -- With two of the continent's most ambitious industrial projects underway, Nigeria's Dangote Group has achieved the seemingly-impossible with an SAP-led digital transformation that was completed in record time. "We want our Refinery to be not...

GP Global completes acquisition of lubricants assets of Nigeria’s Grand Petroleum

The acquisition further strengthens GP Global’s presence in Nigeria and West Africa GP Global has acquired the lubricants assets of Nigeria’s Grand Petroleum; Grand Petroleum is part of Nigerian conglomerate: The Nosak Group; the acquisition further strengthens GP Global’s presence in Nigeria and West Africa;...

AfDB Places Zhongmei Eng. on 12-months Conditional Non-debarment for Fraudulent Practice

The African Development Bank Group on 17 April 2020, announces a 12-month conditional non-debarment of Zhongmei Engineering Group Limited, an engineering company registered in Uganda. An investigation conducted by the Bank's Office of Integrity and Anti-Corruption established that Zhongmei Engineering Group Limited engaged in fraudulent...

FBN Holdings Divests from Its Insurance Subsidiary

FBN Holdings Plc, the holding company for First Bank of Nigeria and its former subsidiaries, has announced ongoing discussions to fully divest from its insurance arm, FBN Insurance Business Limited. In a regulatory filing at the Nigerian Stock Exchange (NSE), FBN Holdings stated that it...

Flour Mills, Primero list N36.5b bonds on Nigeria stock exchange

Flour Mills of Nigeria (FMN) Plc and Primero BRT Securitization SPV Plc yesterday listed three bonds valued at N36.5 billion on the Nigerian Stock Exchange (NSE) as the Exchange continued to uphold its commitment to support companies to raise funds in the face of...

Dangote Cement Series 1 up to N100bn 5-year Under Its N300bn Bond Issuance Programme Now Open

By Arthur Stevens Asset Mgt We are pleased to inform you that the book build for the Dangote Cement PLC (“Dangote Cement” or “DCP”) Series 1, up to NGN billion 5-year Fixed Rate Senior Unsecured Bonds, under its NGN300 billion Debt Issuance Programme is...

Covid-19: Lagos state, GTBank partner to convert Onikan Stadium as isolation center

Lagos State government partnering with Guarantee Trust Bank (GTB) is setting up a new isolation and treatment centre at the Mobolaji Johnson Arena (formerly Onikan Stadium) as additional measure to handle the Coronaviris (Covid-19) pandemic. Of the 51 cases of the virus confirmed in Nigeria...

Dangote, AccessBank partner on 1000-bed facility as insolation centres for Coronavirus

Access Bank Plc, Nigeria’s biggest lender by assets, is teaming up with Africa’s richest man Aliko Dangote to provide treatment and isolation centers across Africa’s most populous nation as it braces for the impact of the coronavirus pandemic. The facilities, which will be located across...

Dangote Cement gets approval to issue N300bn bond issuance

Dangote Cement Plc, Africa’s largest Cement manufacturer has obtained the approval of its Board of Directors to access the capital market for a medium-term debt funding under its N300bn bond registration programme. The cement firm in a statement obtained from the Exchange said it intended...

Abule-Ado Gas Explosion: Dangote Donates N100m Cement to victims for Reconstruction

…As Dangote Cement Management commiserates with gov Sanwo-Olu Dangote Cement Plc yesterday donated N100 million worth of cement to the Lagos State government, to support the ongoing reconstruction process at the Abule-Ado area of Amuwo-Odofin Local Government of the state, which was affected by a...