The Deputy Chief Executive of Geregu Power Plc, Julius Omodayo-Owotuga, has joined the board of FBN Holdings Plc as a non-executive director following the approval of his appointment by the Central Bank of Nigeria. A statement said Omodayo-Owotuga was previously the group executive director, finance and risk management at Forte Oil Plc (now Ardova Plc)….
OPEC+ agreed on Wednesday to stick to moderate rises in its oil output, with the group already struggling to meet existing targets and wary of responding to calls on its strained capacity for more crude from top consumers to cap surging prices. The Organization of the Petroleum Exporting Countries and allies led by Russia, a…
A businessman, Chief Abdulwahid Adeleke, has dragged the United Bank for Africa (UBA), to court demanding N50 million in damages for alleged corporate bullying.Adeleke, the Managing Director of Biospheres Technologies Limited (claimant), through his counsel, Adam Ugwuanyi, had dragged the bank before Justice F. E. Messiri of FCT High Court, Apo, in a writ of…
Mexico’s economy contracted for a second straight quarter in the last three-month period of 2021, according to official data published on Monday, putting it in a technical recession and joining regional powerhouse Brazil, whose economy fell back into negative territory last year. Gross domestic product (GDP) in Latin America’s second-largest economy shrank in the fourth…
Trust Africa News, By Ayomide Otitoju Three Nigerians have just become millionaires’ courtesy of WAW detergent, one of Nigeria’s largest detergents. They emerged after being picked at the WAW millionaire’s draw from the maiden WAW Wash and Win Millions promotion. The draw was held over the weekend at the Ibadan office of the detergent maker,…
President of Dangote Industries, Alhaji Aliko Dangote and the Governor of the CBN, Godwin Emefiele have hailed the Governor of Ogun State, Dapo Abiodun, for turning the state into an investment friendly zone. The business magnates made this remark during the commissioning of the 42-kilometer Sagamu Interchange-Abeokuta dual carriageway by the President, Muhammadu Buhari. Dangote…
Leading evaporated milk brand, Hollandia Evap Milk, has urged consumers to start the new year right with the required nourishment needed to stay healthy during this time and beyond. Brand Manager, Milks and Snacks, Ademola Mafikuyomi stated that it is important for individuals to renew their commitment to health and wellness in this new calendar…
Amidst public outcry over what many described as multiple taxation the newly pronounced excise duty tax of N10 per liter on all non-alcoholic, carbonated and sweetened beverages has taken effect, The Nation can authoritatively report. Checks by our correspondent across some malls, retail outlets in Lagos and environs showed that the cost of the carbonated…
Candy maker Mars is giving a makeover to its six M&M’s characters as a way to promote inclusivity. The company said that it will provide a modern take on the appearances of the characters — which Mars calls “lentils” — and give them more nuanced personalities. The lentils, which are featured in red, green, orange,…
