Dangote Cement Pumps $3b Into Plants, Employs 27,952 Nigerians

Group Chief Executive Officer of Dangote Cement, Joe Makoju has revealed that the company has invested a whopping $3 billion to build manufacturing plants and import/grinding terminals across Africa. The company’s operations, according to Makoju are in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (1.5Mta import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.7Mta import), South…

Patrick Akinwuntan Becomes New MD/CEO Of Ecobank Nigeria

The Board of Directors of Ecobank Transnational Incorporated (ETI) has announced Patrick Akinwuntan as the Managing Director & Regional Executive-designate of Ecobank Nigeria. However, a statement issued by Ecobank disclosed that the appointment of Akinwuntan was subject to applicable regulatory approvals. Prior to this appointment, Patrick was the Group Executive, Consumer Banking responsible for leading…

High Celebrity Squard Magazine Hits Newsstands In Grand Style

A new publication by one of the top journalists in the softsell sector of the print journalism in Nigeria, Quadri Olowolagba, High Celebrity Squard Magazine (HCS) has debutted. High Celebrity Squard Magazine (HCS) is going into print after two successful months of publishing the digital version. Speaking on this, Quadri Olowolagba said, “For us, this…

Diamond Bank, Lagos Govt Join Forces To Fight Drug Abuse

As part of its Corporate Social Responsibility (CSR) initiative, Diamond Bank Plc is collaborating with “Lagos State Kicks Against Drug Abuse” (LASKADA), a campaign flagged off under the Lagos State Ministry of Youth and Social Development to fight drug abuse in the State’s schools. Head of Corporate Communications at Diamond Bank Plc, Chioma Afe, who…

Company Drags Union Bank To Court Over Alleged N4.1b Illegal Charges

A real estate development company known as Coronation Real Estate Development Limited has renewed its battle to secure a N4.1 billion compensation from Union Bank Plc over excess bank charges. The aggrieved company has filed a second amended statement of claim before a federal high court in Lagos alleging that Union Bank’s arbitrary interest, excessive…

Osinbajo Inaugurates BUA’s $350m Cement Plant In Sokoto

Last Tuesday, Vice-President Yemi Osinbajo commissioned the BUA Group’s 1.5 million metric tonnes Kalabaina Cement Plant in Sokoto State which gulped $350 million to build. Speaking at the commissioning of the new cement plant, which on full utilization, will provide at least 2,000 direct and 10,000 indirect job opportunities, called on BUA Group to collaborate…