Disputed Obu mine site shut

Disputed Obu mine site shut

The Edo State Government has ordered the immediate shutdown of the disputed Obu Mine site in Okpella community, Edo State, following a directive from the Federal Ministry of Mines and Steel Development and to avoid the breakdown of law and...
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Dangote Cement emerges NSE most compliant listed company for 2017

Dangote Cement emerges NSE most compliant listed company for 2017

The Nigerian Stock Exchange (NSE) has announced recipients of the 2017 edition of its CEO Awards.   The winners were unveiled at the awards ceremony on Wednesday, December 13, 2017, at the Stock Exchange House, Lagos.  Dangote Cement Plc was...
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Importer faces trial over alleged re-branding of Dangote Sugar

Importer faces trial over alleged re-branding of Dangote Sugar

A 72-year-old businesswoman, Esther Akinsanya, was on Tuesday charged before a Federal High Court in Lagos over alleged packaging of unregistered Brazilian sugar as Dangote granulated sugar. The accused is charged alongside her company, Esther Olufumilayo Nig....
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Customs impounds three Dangote Cement Trucks over alleged smuggling

Customs impounds three Dangote Cement Trucks over alleged smuggling

By citybusinessnews@yahoo.com  –      Three Dangote Cement Trucks allegedly used for smuggling have been impounded by the Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), Zone ‘A’, Ikeja.   The company had recently embarked on a ...
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Customs impounds Dangote Cement truck, 9 others with 6,206 bags of rice

Customs impounds Dangote Cement truck, 9 others with 6,206 bags of rice

By citybusinessnews@yahoo.com  –      The Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), zone ‘A’, Ikeja has seized Dangote Cement Truck, nine others with not less than 6,206 bags of smuggled rice.   Briefing Journalists on ...
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NCS confiscates four bullet-proof  SUVs, 55 others in Lagos

NCS confiscates four bullet-proof SUVs, 55 others in Lagos

By citybusinessnews@yahoo.com –   The Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), zone ‘A’, Ikeja has impounded 59 vehicles including four bullet-proof vehicles in Lagos.    According to the Customs Area Controller of the un...
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Customs impounds Dangote truck with N47m smuggled poultry products

Customs impounds Dangote truck with N47m smuggled poultry products

The Nigeria Customs Service (NCS) has impounded  a truck in Ogun State belonging to Dangote Cement with about 3,000 cartons of smuggled frozen poultry valued at over N47 million.   NCS Comptroller in Ogun State, Sani Magudu, explained on Monday...
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FG implores Dangote on 2019 completion date for refinery

FG implores Dangote on 2019 completion date for refinery

The Federal Government has said it relies heavily on the Dangote refinery to fulfil its promise to Nigerians to end fuel importation by December 2019.  To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited...
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Amazon to buy Whole Foods for $13.7b

Amazon to buy Whole Foods for $13.7b

(BBC) Online retail giant Amazon is buying Whole Foods in a $13.7bn (£10.7bn) deal that marks its biggest push into traditional retailing yet. Amazon, which has long eyed the grocery business, will buy the upmarket supermarket for $42 a share....
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Dangote Cement Shareholders approve N144.8b for 2016 dividend, seeks bonus

Dangote Cement Shareholders approve N144.8b for 2016 dividend, seeks bonus

Shareholders of Dangote Cement Plc on Wednesday in Lagos endorsed proposal by the Board of company to set aside N144.8billion for 2016 dividend, indicating N8.50 kobo per share as against N8 per share paid in the corresponding period of 2015...
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Dangote Flour unveils new pasta, declares N11.82b profit after tax for 2016

Dangote Flour unveils new pasta, declares N11.82b profit after tax for 2016

For the year ended December 31, 2016, Dangote Flour Mills Plc has declared profit before tax of N11.82billion  The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing shareholders at the 11th Annual General Meeting in Lagos said “Despite the...
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