Seplat Energy commits to stronger partnership with Akwa Ibom State
Post AMUGE
January 22, 2025
Business a.m. Seplat Energy Plc, Nigeria’s leading indigenous oil and gas producer, has expressed its commitment to partnering with the Akwa Ibom State government for sustainable development. The development was disclosed by the company in Uyo, during a courtesy visit to Governor Umo Eno by a Seplat delegation including Board Chairman Udo Udoma, Group Chief […]
Sahara Group champions sustainability research at UNILAG through ‘M.A.D’ grants
Post AMUGEJanuary 20, 2025
Business a.m. Leading global energy and infrastructure conglomerate, Sahara Group, has announced the first recipients of the ‘Sahara Making A Difference (M.A.D) Grant’ which was instituted at the University of Lagos (UNILAG) to support research geared towards driving innovation and sustainable energy solutions. Unveiling the recipients of the Sahara M.A.D Grant was one of the […]
Lafarge Africa deploys 155 trucks to boost customers’ business operations
Post AMUGEJanuary 20, 2025
Business a.m. Lafarge Africa, a leading innovative and sustainable building solutions company, has reaffirmed its commitment to supporting customer growth and operational excellence through the allocation of 155 trucks aimed at enhancing logistics capabilities. This milestone initiative, according to the company, underscores its commitment to empowering customers and fostering long-term partnerships built on mutual growth […]
PalmPay reaffirms commitment to advancing cashless payment solutions in Nigeria
Post AMUGEJanuary 20, 2025
Onome Amuge PalmPay Nigeria, one of Africa’s leading fintech platforms, has reaffirmed its focus towards the adoption of cashless payments across the country. The renewed commitment reinforces PalmPay’s status as the largest financial app in Nigeria, with an monthly user base of 16 million active users. Chika Nwosu, the managing director,PalmPay disclosed this during a […]
BUA Foods grants N2.4bn to top-performing dealers
Post AMUGEJanuary 9, 2025
Onome Amuge BUA Foods, a prominent Nigerian food company, recently held a customer awards dinner during which it distributed a total of N2.4 billion to its loyal distributors, as part of its mission to generate long-term value for all its stakeholders. In a statement, BUA Foods acknowledged the importance of its IRS Premium Wheat Flour […]
GTCO raises N209bn in first tranche of equity offering
Post AMUGEJanuary 7, 2025
Onome Amuge Segun Agbaje, Group CEO, Guaranty Trust Holding Company Plc Guaranty Trust Holding Company Plc (GTCO) has successfully completed the initial tranche of its equity capital raise programme. The total amount raised from the offer stood at N209.41 billion, with all the shares applied for being fully allotted. The development follows the successful completion […]
BUA debunks report claiming 90% completion of Akwa Ibom Refinery
Post AMUGEJanuary 5, 2025
Onome Amuge BUA Refinery and Petrochemicals’ management has refuted reports claiming that its Akwa Ibom-based refinery is nearing 90 percent completion. While dispelling these rumours, the management acknowledged the progress being made in the project and confirmed that construction is progressing at a steady pace. According to the management, the refinery, when completed, will have […]
Mergers & Acquisitions in Nigeria hit 10-year high with $3.8bn deals in 2024
Post AMUGEDecember 30, 2024
Renaissance dominates with $2.4bn SPDC acquisition Onome Amuge Nigeria’s merger and acquisition (M&A) market rose to a 10-year high $3.8 billion in the first nine months of 2024, establishing the country as the second-largest M&A hub on the African continent, trailing only South Africa. DealMakers Africa, a leading M&A intelligence firm, made the disclosure in […]
BUA commences 2,400-tonne gypsum plaster manufacturing operations
Post AMUGEDecember 20, 2024
Onome Amuge BUA Gypsum Plaster Limited, a subsidiary of BUA Group, has commenced operations at its cutting-edge Plaster of Paris (P.O.P.) and plasterboard manufacturing plant in Port Harcourt, Nigeria. The newly opened plant, boasting a production capacity of 2,400 tonnes per day, is set to increase local production and meet the rising demand for plaster […]
LG Electronics revolutionises HVAC solutions in Africa with energy-efficient innovations
Post AMUGEDecember 19, 2024
Joy Agwunobi LG Electronics, a global leader in household and commercial electronics, has unveiled its latest HVAC technologies at the Annual LG HVAC Consultant Leaders’ Summit held in Lagos. The event showcased the company’s new Variable Refrigerant Flow (VRF) System and Multi V 5 air quality solution, both designed to optimise heating and cooling in […]