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WEB2 days ago · Nigeria’s Letter of Credit Payments Drop 57% to $391.9m in Seven Months. 02/09/2024. By Adedapo Adesanya Nigeria’s Letter of Credit payments dropped by 57 per cent to $391.9 million in the first seven... Read more. Banking.
Radisson Blu to Build 258-Room Hotel in Abuja
WEBJul 21, 2020 · Business Post reports that Radisson Blu plans to open a 200-room affordable luxury hotel in Bamako, Mali within the next six months; launch a 289-room hotel in Johannesburg before year-end; open a 14-room facility in Addis Ababa, Ethiopia in 2021; renovate of an existing 121-room hotel and construct an additional tower which will offer …
Dealdey Shuts Down Operations in Nigeria - Business Post Nigeria
WEBMay 20, 2023 · Dipo Olowookere. By Dipo Olowookere Nearly a year after facing some financial challenges, which led to the mass layoffs of hundreds of its employees, Dealdey has closed its operations in Nigeria. Dealdey, Nigeria’s only daily deals website, was established by Mr Sim Shagaya in 2011 but left a year later to start Konga, which has now.
China May Start Banking Operations in Nigeria
WEBSep 22, 2021 · By Ashemiriogwa Emmanuel. The Chinese government considering commencing banking operations in Nigeria and will hope this will facilitate trade relations between the two nations. The Chinese Ambassador to Nigeria, Mr Cui Jianchin, while speaking during the commemoration of the 2021 Chinese Moon Festival and China …
Indomie Buys Dangote Noodles Factories for N3.8b
WEBNov 15, 2017 · By Dipo Olowookere. Leading noodles maker in Nigeria, De United Foods Industries Limited (Dufil), makers of the popular Indomie Noodles, has finally acquired plants of Dangote Noodles Limited, a subsidiary of Dangote Flour Mills Plc. The deal is said to worth N3.75 billion $12.26 million and it gives Dufil the ownership of Dangote factories …
Indian Steel Manufacturer Aarti Eyes Exit from Nigerian Market
WEBJun 20, 2024 · According to BusinessDay, the steel manufacturer based in Ota, Ogun State, has already been put up for sale and big players in the sector have submitted unconfirmed bids ranging between $50 million and $100 million. The decision to exit the Nigerian space is based on issues ranging from a high rate of indebtedness, the challenging economy ...
Femi Otedola Completes Sale of Forte Oil, Exits as Chairman
WEBJun 19, 2019 · Nigerian oil mogul, Mr Femi Otedola, has announced the completion of the sale of his energy company, Forte Oil Plc. In a post on his verified Instagram page on Wednesday, the Chairman of Forte Oil Plc, a firm listed on the Nigerian Stock Exchange (NSE), said he was exiting the business so as to focus on his power generation …
Shea Butter Processing Factory Begins Operations in Kwara
WEBNov 17, 2020 · Mr Olowookere can be reached via [email protected]. By Dipo Olowookere A Shea butter processing plant has commenced operations in Kwara State and it is expected to boost the economy of the subnational. Kwara State in the north-central region of Nigeria is blessed with Shea tree and it is ranked second tree …
Experts Provide Roadmap to Advance Nigeria’s Lubricant Market
WEBMay 6, 2022 · Although Nigeria’s lubricant market currently accounts for about 20 per cent of Africa’s total lubricant demand, the industry is still in its infancy. The adoption of innovative technological advancements, favourable regulations, increased stakeholder collaborations, and consumer education will boost performance strengthening the industry.
Airtel Introduces Unlimited Data Plans With Uncapped Speed
WEBAug 27, 2020 · In the statement, it said customers can choose from any of the Unlimited Ultra Weekly, Unlimited Ultra Standard, Unlimited Ultra Diamond and Unlimited Ultra Platinum plan. Customers who purchase Unlimited Ultra weekly, which is priced at N5,000, will enjoy unlimited data for 7 days with a FUP of 30GB plus 1GB data daily after FUP, …