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BUA group
Oil & Gas     September 02, 2020
Rueil Malmaison, France. Axens announces today to be awarded by BUA Group, a leading Foods, Mining & Infrastructure Conglomerate based in Lagos, Nigeria the supply of process technologies for its greenfield refinery and petrochemicals facility in Nigeria.
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World of Business     March 26, 2020
BUA Group through the BUA Foundation has donated N1bn in cash to support the efforts of the Federal Government in strengthening national response to the coronavirus (COVID-19) pandemic in Nigeria.
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Mergers & Acquisitions     March 23, 2020
BUA Group, one of Africa's largest infrastructure companies has announced its acquisition of majority shareholding in P.W. Nigeria Limited - one of Nigeria's largest construction, engineering and mining companies. According to BUA, this was necessary to further deepen its investments in the infrastructure business in sub-saharan Africa.
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Business Regulations, Law & Practice     December 21, 2017
BUA International Limited, owners of BUA Cement, heartily welcomes the resolve by Dangote Cement Plc to await the outcome of the courts in their corporate disclosure published on the Nigerian Stock Exchange website dated 20 December, 2017 and titled, “DANGOTE CEMENT – RESPONSE TO BUA ALLEGATIONS”.
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Commodities     September 08, 2017
Nigeria produces 31.25 million tonnes of cement annually. The news that BUA group is investing an additional $2bn to expand capacity is likely to drive the price of cement, currently N2,700 per bag, downwards.
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World Bank IMF and Dev Agencies     September 26, 2021
The Board of Directors of the African Development Bank Group have approved a new policy framework for the Independent Recourse Mechanism (IRM) aimed at strengthening accountability and providing more effective recourse to people affected by Bank-financed operations.
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Insurance     September 24, 2021
Old Mutual Life Assurance and General Insurance, the Nigerian subsidiaries of Old Mutual Limited (OML), Africa's leading premium financial services group, has reiterated its commitment to the Nigerian market with intent to maximizing the opportunities in the country's insurance space.
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Frauds & Scandals     September 22, 2021
The African Development Bank Group, on 21 September 2021, announces the 18-month debarment of Rockey Africa Limited and its affiliates including Aerospace Aviation, Eva-Top Agencies, Sony Commercial Agencies, Beta Trading Company and Madujey Global Services.
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Politics     September 22, 2021
Civil society groups, including Non-Governmental Organisations are a positive force for change and progress in society, oftentimes helping to bridge the gaps of alienation between government and the people.
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Nigeria Economy     September 22, 2021
The All- commodity group import index on average grew marginally by 1.07%, driven mainly by products of the chemical and allied industries, wood and articles of wood, wood charcoal and articles, Paper making material; paper and paperboard.
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Stock & Analyst Updates     September 20, 2021
The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, has said that the bank recorded significant improvement in its operational and financial performance as a result of its unending commitment towards delivering products and services aimed at meeting customers' demands.
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World of Business     September 20, 2021
BUA has signed an agreement with Wartsila OY of Finland for the construction of a 70megawatts dual-fuel power plant for the BUA Cement Sokoto Line 4 in Sokoto state, North-West Nigeria. This announcement comes as BUA recently revealed that it was looking to boost its production capacity in Nigeria over the next 3 years with new plants in the works.
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Capital Market     September 17, 2021
The shareholders of Nigerian Exchange Group (NGX Group or The Group) Plc convened in the Federal Capital Territory, Abuja, on Thursday, 9 September 2021, for its first Annual General Meeting (AGM) after the demutualisation of The Nigerian Stock Exchange (NSE).
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Stock & Analyst Updates     September 17, 2021
The Group Managing Director/Chief Executive Officer of SCOA Nigeria Plc, Dr. Massad Boulos has commended Unity Bank Plc and other banks for facilitating a credit facility of N15.5 billion for the importation and supply of 33 MAN Platform Trucks and equipment to construction giant, Julius Berger Plc.
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Health     September 17, 2021
Ethiopian Airlines Group has transported 50 million doses of vaccine to more than 28 countries across the globe and became the only African carrier to reach such a milestone playing crucial role during this difficult time. Ethiopian Cargo and Logistics Services, Africa's largest cargo service provider, has successfully distributed the vaccines to different countries with its technologically equipped facility called 'Pharma Wing'.
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Doing Business in Nigeria     September 16, 2021
After data irregularities on Doing Business 2018 and 2020 were reported internally in June 2020, World Bank management paused the next Doing Business report and initiated a series of reviews and audits of the report and its methodology.
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Mobile Money and Telcos     September 16, 2021
The Ecobank Group and Semoa a Fintech-based in Lome are enabling mobile money users in Togo to carry out banking faster and easier, across West African Economic and Monetary Union ( WAEMU) through a new digital banking service via Whatsapp called "Express cash by Semoa".
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People     September 15, 2021
Leading Developmental Investment Bank, DLM Capital Group, has been awarded the 'Best Development Finance Company Nigeria 2021' by Global Banking and Finance Review magazine. The award is in recognition of the institution's dedication to providing leadership and excellence in Nigeria's development finance space.
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People     September 15, 2021
Dangote Cement Plc announces the appointment of Mr. Philip Mathew as the Deputy Group Managing Director/Chief Executive Officer with effect from September 15, 2021.
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World Bank IMF and Dev Agencies     September 15, 2021
The Board of Directors of the African Development Bank Group has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and Standard Chartered Bank.
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Bonds & Fixed Income     September 15, 2021
FMDQ Group and FSD Africa Sign MoU with Lagos State Government to Facilitate the Maiden Lagos State Green Bond Issuance
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World Bank IMF and Dev Agencies     September 15, 2021
Measuring and evaluating progress on the Sustainable Development Goals in Africa became much easier as a group of regional UN entities launched the first online data portal that brings together statistical data harvested across all countries on the continent.
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People     September 10, 2021
The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group ("NGX Group") Plc, Mr. Oscar N. Onyema, OON, has been elected to the Board of World Federation of Exchanges (WFE). This decision was reached at the 60th General Assembly and Annual Meeting of WFE on 9 September 2021.
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Capital Market     September 09, 2021
Shareholders of Nigerian Exchange Group Plc (NGX Group or the Group), formerly The Nigerian Stock Exchange (NSE), today, 9 September 2021, voted in support of the resolutions presented by the Group at its 60th Annual General Meeting (AGM).
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World Bank IMF and Dev Agencies     September 09, 2021
African Development Bank Group (AfDB) President Dr. Akinwumi A. Adesina has commended the Sahara Group, the largest privately-owned power generation and distribution businesses in sub-Saharan Africa, for boosting power supply in Nigeria, through its Egbin Power Plant and Ikeja Electric Plc.
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