Company News

The shareholders of Lafarge Africa Plc on Monday, approved the merger with United Cement Company of Nigeria Limited (Unicem), and Atlas Cement Company Limited (Atlas). The Board of Directors of Lafarge Africa received shareholders endorsement at a court ordered meeting in Lagos.

Nigerian firm, Niger Delta Exploration and Production Company (NDEPC) and NILEPET Joint Venture have been mandated to construct a 5,000 barrels per day capacity diesel refinery for South Sudan.The refinery is to meet the country’s 15 per cent diesel consumption per day.

Improved half-year results and prospects of a higher return on investment is attracting more investors to Dangote Cement Plc, writes GoddyEgene

Kano — Flour Mills of Nigeria Plc, said it plans to maximise local content in the agro-allied investments, emphasising that the company is determined to ensure success in such investments.

Nigerian firm, Retail Development and Investment Company (RDIC), has signed a memorandum of understanding (MOU) with Shenzhen Jizhao Information Technology Co. Ltd.to build a smart phone and tablet personal computer (PC) assembly plant in Nigeria.

Pay TV network, Star Times Nigeria has said it is continuing to grow stronger and expand its footprint across the African markets owing to its dogged commitment to innovation, superior technology and rich entertainment program for viewers.

Thanks to Nigeria's airline industry by bringing competitors into this sector.Domestic airfares will drop dramatically in the future, and airplanes will become an economical, sometimes cheaper alternative to the train on some routes.

THE PRESIDENT dangote group of companies Alhaji Aliko Dangote has approved N217 billion (700 million dollars) for the take off of sugar factory in Nasarawa state.

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