Dangote Promises That His Oil & Gas Investment Will Transform The Economy

Dangote Group’s investment in oil and gas will transform the economy from a single commodity market to a sustainable diversified economy, Chief Executive Aliko Dangote has said. His mission is to reverse Nigeria’s import-dependency to self-sufficiency in commodities it has spent its earnings to import, the frontline businessman said. Dangote told a forum of international […]

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Ecobank Calls On SMEs To Approach It For Forex

Ecobank Nigeria says operators of the Small and Medium Enterprises (SMEs) in the country can approach the bank for their foreign exchange needs for importation. This, it said, was in line with Central Bank of Nigeria’s recent directive to banks to support the SMEs with forex for import. The Head, SME Commercial Banking, Ecobank Nigeria, […]

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$1.2b Etisalat Debt: Banks To Press Criminal Charges

The 13 banks that raised $1.2billion loan for mobile operator Etisalat Nigeria may press criminal charges against directors of Mubadala Development Company of the United Arab Emirates (UAE). This is the latest option the banks are considering to recover the outstanding part of the facility. It was gathered that the banks held a meeting at […]

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Sigma Golf, Riverbank Are New Owners Of Keystone Bank

The Sigma Golf – Riverbank consortium was yesterday declared the new owners of Keystone Bank Limited. Sigma Golf – Riverbank consortium is made up of Sigma Golf Nigeria Limited and Riverbank Investment Resources, both entities set up by local investors. The Asset Management Corporation of Nigeria (AMCON), which announced the acquisition, said it followed the […]

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China Pumps $13bn Investments Into Nigeria

The Chinese Deputy Ambassador to Nigeria, Mr. Lin Jing, yesterday in Abuja, said Chinese investments in country have hit over $13 billion. He said China was also demonstrating its commitment to Nigeria’s friendship and development through the $1.3billion Lagos-Ibadan Railway Project. He added that the $326 million 30 rice mills projects slated for the various […]

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