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Category: Business

Business Economy

5,000 farmers not enough to supply tomato to Dangote’s factory

Iheanyi Ejiofor August 31, 2017 headline

Five thousand Tomato farmers are unable to provide enough tomatoes for the $20 million tomato producing factory owned African richest man and President of Dangote Group, Aliko Dangote. Reuters reports that…

Read More 5,000 farmers not enough to supply tomato to Dangote’s factory
Business Economy

How Zenith Bank leverages on securities, forex to boost profitability in H1 2017

Iheanyi Ejiofor August 29, 2017 headline

…profit soars 112% Alabingo Finance Report || In spite of the lull in the Nigerian economy, Zenith Bank Plc took advantage of the stability in foreign exchange market, revenue from…

Read More How Zenith Bank leverages on securities, forex to boost profitability in H1 2017
Business Economy

Dangote signs $450m sugar deal with Niger state

Iheanyi Ejiofor August 24, 2017 headline

Dangote Group has signed a $450m Memorandum of Understanding with Niger State Government to develop an integrated sugar industry in Lavun Local Government Area of the state. Alhaji Aliko Dangote…

Read More Dangote signs $450m sugar deal with Niger state
Business Economy

Diamond Bank records profit, despite massive drop in FX earnings

Iheanyi Ejiofor August 22, 2017 headline

Alabingo Finance Report || In spite of the decline in its net trading income and other incomes, Diamond Bank grew post-tax profit by marginally in the first half of this…

Read More Diamond Bank records profit, despite massive drop in FX earnings
Business Economy

Adeosun is the new Chairperson Of ECOWAS Investment Bank

Iheanyi Ejiofor August 22, 2017

Ebun Francis || Mrs. Kemi Adeosun, Nigeria’s minister of finance on Tuesday emerged Chairperson of the board of governors of Economic Community of West African States ( ECOWAS) Bank of Investment…

Read More Adeosun is the new Chairperson Of ECOWAS Investment Bank

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