April 21
Nigeria: FBN Holdings Cancels EGM for N300bn Capital Raise Amid Managing Director's Resignation
This Day
In what looks like a coincidence, FBN Holdings Plc, which announced the retirement of the Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Adesola… Read more »
Nigeria: How Adeduntan Resigned As First Bank CEO On CBN's Order
Leadership
There are strong indications that the sudden resignation of former Managing Director and CEO of First Bank, Dr Adesola Adeduntan was triggered by directives from the Central Bank… Read more »
Nigeria: $20bn Dangote Refinery - High Sulphur Diesel Narrative False, Mischievous - -Spokesman
Vanguard
The Management of Dangote Industries Limited has condemned an online report doubting the quality of its diesel. Read more »
April 19
Nigeria: Nestle Reacts to Allegation of Adding Sugar to Infant Formulas in Nigeria
Premium Times
The reaction is contained in a statement issued on Thursday and shared with PREMIUM TIMES by the company's Head of Corporate Communications, Victoria Uwadoka. Read more »
Nigeria: Dangote's Bid to Merge Sugar, Salt, Rice Businesses Hits Brick Wall
Premium Times
The suspension "centred around the current non-operational status of Dangote Rice Limited" by the Securities and Exchange Commission (SEC), Nascon Allied Industries said. Read more »
April 18
Liberia: HPX Completes Technical Due Diligence On St John River Iron Ore Licenses
Liberian Observer
-- Financial due diligence underway with anticipated completion in 2nd quarter 2024; St John River licenses previously owned by BHP and cover a combined area of almost 250 km2… Read more »
Zimbabwe: Dinson Targets U.S.$4,3bn Revenue in Final Phase
The Herald
Dinson Iron and Steel Company (DISCO), a subsidiary of Chinese steel giant Tsingshan Holdings Group, is targeting net annual revenue of US$4,25 billion in the fourth and final… Read more »
Nigeria: Access Bank to Reward 15,786 Customers in Diamond Xtra Season 16 Promo
Daily Trust
The management of Access Bank has set aside N200 million in cash and three SUVs to reward 15,786 customers in its Season 16 DiamondXtra campaign. Read more »
Liberia: Lonestar Cell MTN and Partners Launch Xtracash Momo Loan
New Dawn
GSM Company Lone State Cell MTN launches a loan program for MobileMoney subscribers in partnership with United Bank of Africa and Optasia. Read more »
Nigeria: FMBN Commences Recapitalisation Exercise
Daily Trust
The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has disclosed that the bank has commenced recapitalisation exercise to boost efficiency in… Read more »
Liberia: Arcelormittal's Head of HR Reaffirms Commitment
New Republic
...To Training and Development of Liberians Read more »
April 17
Nigeria: Nigerian Breweries to Shut Down Two Plants
Premium Times
Job cuts are a strong possibility among the "operational efficiency measures" to be adopted by the company in the days ahead Read more »
Zimbabwe: Seed Co Assures Nation of Adequate Seed Next Season
The Herald
Seed Co Zimbabwe has moved to smother the impact of the prevailing El Nino-induced drought on seed stocks by combining reserves from last season with the 2023/24 output to curtail… Read more »
Zimbabwe: Auction Floors' Average Price Reaches U.S.$3,66 to Dwarf Contract Side
The Herald
After both auction and contract tobacco floors recorded an average price of US$3, 09 per kilogramme on Day 1 of trading, the average auction price has now risen four percent higher… Read more »
Zimbabwe: Herald Continues to Rule the Roost
The Herald
The Herald continues to be the most read daily newspaper in the country, results from the latest Zimbabwe All Media Products Survey (ZAMPS) reveal. Read more »
April 15
Kenya: South African-Based Fashion Brand Foschini Group Exits Kenya
Capital FM
Foschini Group Kenya, a South African-based fashion brand, has announced its exit from the Kenyan market after appointing new liquidators to take over its establishments. Read more »
April 14
Nigeria: Nipcogas Crashes CNG Price to N200/Scm, Unveils Stations in Lagos
Leadership
NIPCO GAS is about to promote the use of Compressed Natural Gas, CNG, as alternative to Premium Motor Spirit, PMS also called petrol in the commercial city of Lagos after it has… Read more »
April 13
Nigeria: New Tariff - Nerc Increases Ikeja Disco's Band a Feeders By 66.7 Percent to 85
Vanguard
The Nigerian Electricity Regulatory Commission, NERC, weekend, approved the increase of Band A feeders in Mainland Lagos by 66.7 per cent to 85, from the initial 51. Read more »
Nigeria: Ikeja Electric Announces Additional Band a Feeders
Premium Times
The company said the additional feeder brings its total from 51 to 85 Read more »