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Dangote to Cut Sugar Import By 40%

The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into the country by 40 per cent. The President, Dangote Group, Aliko Dangote, said in a statement that it was embarking on Phase II of…

Chams Plc Now a Holding Company

Nigeria’s leading provider of integrated identity management and digital payments solutions Group, Chams Plc, has changed its Nigerian Exchange (NGX) listing to a holding company. The company’s Group Managing Director (GMD), Gavin Young who made this know during a chat with newsmen in…

FCCPC Orders Payment Platforms and Telcos to Stop Servicing Loan Sharks

The Federal Government has ordered financial technology companies (FinTechs) to stop providing payment and transaction services to digital money lenders. The order affects loan sharks being investigated by the Federal Competition and Consumer Protection Commission (FCCPC). Babatunde Irukera, Executive Vice Chairman spoke to reporters…

NB Appoints Puri, Wessels Boer as Board Members

Nigerian Breweries Plc has announced the appointment of two new Board Members – Mr. Ibrahim Puri from Nigeria and Mr.Ben Wessels Boer from Netherlands, who will also serve as the new Finance Director of the company. In a notice to the Nigeria Exchange…

Flutterwave Hires 200, Grows Workforce By 38%

Flutterwave has said it has completed the recruitment process for its inaugural graduate trainee programme and grown its staff base by 38 per cent in the process. It said in a statement that it hired 200 trainees into its programme and aims to…

Bakers Plan Fresh Hike, Cite Cost of Materials

Bakers, under the aegis of the Premium BreadMakers Association of Nigeria, have warned of yet another hike in prices of bread due to the skyrocketing cost of baking materials. President of the association, Emmanuel Onuorah, disclosed this to The PUNCH in an exclusive interview, stating…

Pension Contributions Decreased to N880bn in 2021, Says PenCom

The National Pension Commission (PenCom) says the total pension contributions remitted into the retirement savings account (RSAs) of employees dropped to N880.66 billion at the end of 2021. This is contained in the 2021 annual report recently released by the commission. According to…

FG Woos Investors to Developing 42b Barrels Bitumen Reserves

With a global market estimated at $110 billion, the Federal Government has called on investors to explore the development of the nation’s 42 billion barrels of bitumen reserves. Speaking at a virtual clarification session, organised by the Ministry of Mines and Steel Development…
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