Following the restreaming and petroleum production in the PH/WARRI and Kaduna refineries alongside some drastic efforts made by Central Bank of Nigeria and the Bank of Industries (BOI) the naira is gradually appreciating against the dollar in the parallel market at $210 from $240 meanwhile the equities market closed yesterday on a positive note, as… Continue reading [BRANDWEEK REPORT] FLOURMILLS TOP GAINER’S CHART THIS WEEK AS THE NAIRA APPRECIATES GRADUALLY AGAINST THE DOLLAR.
Honeywell urges quality control in baking business. Honeywell Flour Mills Plc has stressed the need for bakers to embrace quality control in their business. In a statement from the company, the Managing Director, Honeywell, Mr. Lanre Jaiyeola, stated this in Lagos recently during the 27th Certificate Award Ceremony of the Honeywell Baking School. Jaiyeola… Continue reading [BRAND HITS] HONEYWELL URGES QUALITY CONTROL ON BAKING BUSINESS.
Just last week after our feature on the lamentations of telecomms companies on the rising cost of diesel for operational procedures, MTN Group Limited is in talks with the Central Bank of Nigeria about the early repayment of almost $600m of debt to reduce exposure to the naira, which has weakened against the rand this… Continue reading [BRAND NEWS] MTN IS TALKING WITH CBN TO LOAN $600M IN CUSHOINING RISING OPERATIONAL COSTS AGAINST THE DOLLAR RISE.
To consolidate its leadership position and safeguard its vast assets, the management of United Bank for Africa (UBA) has approved the implementation of a-state-of-the-art accounts reconciliation software, CLIREC, across all branches in Nigeria and global operations in 17 countries. According correspondents CLIREC, which will enable the bank to reap the rewards of efficient banking… Continue reading UBA RELEASES NEW BANKING AUDITING SOFTWARE IN 17 COUNTRIES AS ZENITH BANK LAUNCHES ITS OWN FINANCIAL REPORTING STYLE.
Vice President Yemi Osinbajo few days ago commissioned a 1.5million tonnes 30megawatts coal fired cement factory owned by renowed business mogul Aliko Dangote. During the trip to Ndola, Zambia in a statement by his media aide, Mr Laolu Akande confirmed Vice President Osinbajo met eith the Zambian president, Mr Edgar Chagwa Lungu, and also paid… Continue reading DANGOTE CEMENT COMMENCES PRODUCTION IN ZAMBIA.