Francis Abel 
Cadbury Nigeria has offered to swap its $7.7 million (N7.03 billion) debt owed to Cadbury Schweppes Overseas Limited for more equity. Cadbury Schweppes Overseas Limited, controlled by Mondel–z International Inc, is a major investor in Cadbury Nigeria with 74.97 percent stake. In a statement on Tuesday sent to the Nigerian Exchange Limited, NGX Cadbury Nigeria … Read more
Access Holdings has surpassed the N1 trillion market capitalisation mark. At the close of trading on Tuesday, the share value of the company rose by 8.39 percent to N29.70 — from N27.40 on Monday. This raised Access Holdings’ market valuation to N1.05 trillion, up from N973.93 billion on Monday. The development comes a day after … Read more
GEICO: A Closer Look at the Insurance Giant’s History, Products, and Industry Impact In the vast and competitive landscape of the insurance industry, one name stands out as a household brand recognized by millions: GEICO. With its catchy slogans, memorable advertising campaigns, and a strong focus on customer satisfaction, GEICO (Government Employees Insurance Company) has … Read more
The Central Bank of Nigeria, CBN, has suspended new applications of loans under the CBN development finance intervention funds programme, Access Bank Plc confirmed in a memo on Monday to its customers. The CBN existing development finance intervention funds program include Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Accelerated Agricultural Development Scheme (AADS), … Read more
United Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just as its share price value hits N29.90 per share. At the close of trading on Monday, the Bank’s market capitalization hit N1,022,562,698,843, making it the 3rd most capitalized financial institution in Nigeria, a remarkable … Read more
The Dangote Petroleum Refinery, on Monday, announced its readiness to commence production of refined petroleum products as it received the 6th batch of one million barrels of crude oil required by the plant for its initial operations. “Dangote refinery appears set to commence production of refined petroleum products with the receipt of the sixth batch … Read more
Public Liability Insurance: Protecting Your Business from Third-Party Claims In today’s litigious society, businesses of all sizes and industries face the constant risk of legal claims and lawsuits from third parties. Whether it’s a customer slipping and falling on your premises, an employee causing property damage at a client’s site, or a defective product causing … Read more
The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that there would be no increase in the price of petrol in the near future. Olufemi Soneye, the company’s chief corporate communications officer, also warned motorists against panic buying. The statement came amid reports that the corporation battled with petroleum merchants under the auspices of … Read more
The Central Bank of Nigeria, CBN, has announced that cash withdrawals from accounts formed for virtual and digital asset transactions will be prohibited. Withdrawals from these accounts will only be possible by transfer or through a manager’s cheque, the apex bank explained. It revealed this in a new ‘Guidelines on Operations of Bank Accounts for … Read more
On Monday, the Dangote Petroleum Refinery received the fourth shipment of one million barrels of bonny light crude oil from the Nigeria National Petroleum Corporation Limited. According to a statement from the $20 billion corporation, the fifth crude oil cargo is expected soon. The plant had earlier received three shipments of crude oil, as officials … Read more