Manufacturers deepen local raw materials sourcing, up 11% in 3yrs
By Yinka Kolawole Nigeria’s manufacturing sector recorded a steady increase in the use of locally sourced raw materials between 2021 and 2024, with the share rising from 51.5 per cent in 2021 to 57.1 per cent in 2024, as foreign exchange pressures, naira depreciation and rising import costs pushed manufacturers towards domestic alternatives. Data from […]
Elumelu retires as UBA Chairman, Nnorom named successor
By Babajide Komolafe United Bank for Africa, UBA Plc, has announced the retirement of its Group Chairman, Tony Elumelu and the appointment of Mr. Emmanuel Nnorom as his successor. In a statement announcing the board leadership change filed with the Nigerian Exchange, NGX, the bank stated: “Mr. Tony O. Elumelu, Group Chairman of UBA, will […]
Private healthcare investment deepens as OneHealth by AXA expands specialist services
By Rosemary Iwunze PRIVATE healthcare providers are expanding investments in specialist medical services as rising cases of chronic diseases, an ageing population and increasing demand for quality healthcare continue to reshape Nigeria’s healthcare landscape. The latest move came from OneHealth by AXA, which has introduced Geriatric and Optometry clinics at its Victoria Island Medical Centre […]
Underwriter bags LUTH award for boosting voluntary blood donation
By Rosemary Iwunze AXA Mansard Insurance Plc has been honoured with the Community Hero Award by the Blood Transfusion Centre of the Lagos University Teaching Hospital (LUTH) in recognition of its contribution to strengthening voluntary blood donation and supporting efforts to improve access to life-saving blood for patients. The recognition comes amid growing calls for […]
Dangote Cement rewards shareholders with N753.8bn dividend, pays N45 per share
By Mather Godwin Dangote Cement Plc has announced a 50 per cent increase in dividend payout to shareholders, raising the dividend from N30 per share to N45 per share, which translates to a total payout of approximately N753.8 billion, reaffirming the company’s position as one of the most rewarding investments on the Nigerian Exchange (NGX). The […]
EBRD targets $1.5bn investments in Nigeria over 3 years
The European Bank for Reconstruction and Development (EBRD) has set a target of investing at least $1.5 billion in Nigeria over the next three years as it expands its operations in Sub-Saharan Africa. The projection was disclosed by the EBRD’s Managing Director for Sub-Saharan Africa, Ms Heike Harmgart, and the bank’s Country Director and Head of […]
