The Board and Management of Dangote Cement Plc have announced the retirement of Joseph Makoju as a board member and Group Managing Director/CEO of the cement maker. According to a statement signed by the Deputy Company Secretary (Edward Imoedemhe) and issued to the Nigerian Stock Exchange…
Hyundai to set up car plant in Nigeria
Hyundai Engineering Company Limited said on Tuesday that it was on the verge of setting up a car plant in Nigeria. The South Korean firm also said it would invest in the rehabilitation of the country’s petroleum refineries. President/Chief Executive…
Kid CEO Dreams big, meets Dakore, Praiz
It was an exciting moment for Nigeria’s first one-day kid-CEO, Adeoluwa Ademuwa Ifeoluwa, as he recently met with movie star Dakore Egbuson-Akande and singer Praiz at the MTN’s head office in Ikoyi, Lagos. The 14-year-old wunderkind was the SS3 student,…
Maersk MD battle for life as armed men kill wife in Lagos
Armed men suspected to be robbers on Sunday night killed the wife of Managing Director Maerskline Gildas Tohouo and critically injured the man at their Luggard Drive, Ikoyi residence. The couple resides at the Cul De Sac Compound, the same…
Nigeria: Allen Onyema, CEO of Air Peace, chased by US justice
Allen Onyema is a national hero who repatriated at his own expense hundreds of Nigerians who had been victims of xenophobic attacks in South Africa. Now, the founder of one of Nigeria’s leading airlines is accused of money laundering by…
Knight Frank Crowns New CEO in Nigeria
Knight Frank, the world’s largest independent residential and commercial property consultancy, has announced the investiture of a new Senior Partner/CEO, Frank Okosun for Knight Frank Nigeria. The ceremony will hold on November 28, 2019 at Eko Hotel and Suites in…
Meet the businessmen behind Dangote Flour acquisition
Dangote Flour Mill may soon delist from the Nigerian Stock Exchange after completion of the takeover by Olam International. Crown Flour Mills Limited, a subsidiary of Olam International, will now handle the flour milling business. Business Insider SSA looks at…
INTERVIEW: Why unmonitored borders, fuel subsidy are harmful to Nigerian economy — Matrix Group CEO
The recent closure of the Nigerian borders with its neighbouring countries appears to have recorded positive impacts for the economy, as the Petroleum Products Pricing Regulatory Agency (PPPRA) says the country’s national consumption level of petroleum products dropped by about…
Zenith Bank Ghana names Nigerian as CEO
Zenith Bank Ghana has appointed Anthony Akindele Ogunranti as its new managing director and chief executive officer. He succeeded Henry Oroh, who has been elevated to the position of executive director in Zenith Bank PLC. The lender explained in a…
Bank CEOs Disclaim MTN over USSD Transactions Charges
Chief Executive Officers (CEOs) of commercial banks have distanced themselves from the moves by MTN Nigeria to impose charges on Unstructured Supplementary Service Data (USSD) transactions. The bank chief executives under the aegis of Body of Bank CEOs that have…