CELLULAR network operator Zain's African division was not for sale, its African CEO Chris Gabriel told a conference in Cape Town yesterday, before conceding any decision would rest with shareholders, over whom he had no influence.
IN A move that may shock shareholders, the fast-growing pan- African micro financier Blue Financial Services said yesterday it was expecting a loss in the six months to August .
Dangote Group of Companies says it has invested additional N25 billion into the Savannah Sugar Company in Numan, Adamawa State.
HE SURE took his time about it, but finally on Friday President Jacob Zuma made up his mind about the governance of state-owned enterprises -- and made it clear they were not to be toyed with. But it was not before he'd allowed plenty of damage to be done, not only to Eskom and other state-owned enterprises, but also to Public Enterprises Minister Barbara Hogan. Zuma's challenge now, if he wants ...
NATIONAL Insurance Corporation (NIC) will maintain supporting sports activities, the firm's managing director Samson Akinwale explained on Friday.
Promoters of the Mmamabula Energy Project (MEP), CIC Energy, say they are still confident their 1200mw project will go ahead as planned despite the chaos currently prevailing at South African power utility, Eskom.
UGANDA telecom is one of the African telecommunication companies set to benefit from the $300m fund offered by the Chinese government through the LAP Green Network, a Libyan telecom firm.
DETERMINED to reduced the number of fatal road accidents in the country and in line with its tradition of promoting creative thinking, Shell Petroleum Development Company of Nigeria (SPDC) Ltd is teaming up with African Artists' Foundation (AAF) to sponsor a world-class photography exhibition in Lagos highlighting the issue of road safety in Nigeria.
Globacom Limited, the official sponsor of the Super Eagles has congratulated Nigerians, the players, coaches and the Nigeria Football Federation (NFF) for Saturday's victory in Kenya which earned the nation the qualification ticket to the 2010 World Cup finals in South Africa.
STARCOMMS Plc has been in the forefront of launching new and innovative services in Nigeria and the latest service is Listen to the Bible on the phone, which is the first of its kind in Nigeria.
For over five months, Etisalat Nigeria engaged her subscribers in a campaign tagged 9jillion promo that came to a climax recently, where Nigerians saw the telecommunication company reward Master Kizito Egeonu, a 20 years old, and a year four medical student of the University of Jos with the promised $1million prize money.
Industry participant and Head research and Corporate Travel, Zenith Travel, Olumide Ohunayo, has asked the federal government to address certain constraints and investigate domestic carriers before any palliative is given.
Indications have emerged that Nigeria Labour Congress (NLC), has given the Maritime Workers Union of Nigeria (MWUN) the nod to confront the management of AP Moller Terminals (APMT) over alleged increasing unfair labour practices, culminating to the sack of about 15 workers including unionists within the last two weeks.
Two companies, Cadbury Nigeria Plc, posted unimpressive bottom lines last week, as they both posted a combined loss after tax of N1.5 billion.
BUA Sugar Refinery Limited has hinted of its plans to increase its ownership structure, with the listing of its shares on the Nigerian Stock Exchange (NSE) in the near future.
