Business Watch

DANGOTE Sugar Refinery, DSR Plc, has revealed plans to raise N21.2 billion through equity injection from the capital market to fund its backward integration project and also actualise the Dangote Sugar Master Plan. The Group Managing Director, Mr. Abdullahi Sule, who made the disclosure, yesterday, at the company’s ‘facts behind…

Australia’s consumer watchdog has sued Apple Inc alleging it used a software update to disable iPhones which had cracked screens fixed by third parties. The U.S. technology giant “bricked” – or disabled with a software update – hundreds of smartphones and tablet devices, and then refused to unlock them on…

Cathay Pacific Airways, the Hong Kong based airline, and the Lufthansa Group, Europe’s leading airline group, will offer their passengers selected flights under their partner’s flight number in future (code-sharing). For Lufthansa Group customers, this will significantly improve the connections available from Hong Kong towards Australia and New Zealand. Passengers…

Jeff Jones has quit as president of Uber Technologies Inc. Jones, a marketing expert was hired less than seven months ago to bolster the reputation of the ride services company, Uber, which has been trailed by controversies in the past few weeks. Jones quit less than seven months after joining…

Dangote Cement Company has been handed a 10-square-kilometre plot of land to mine coal, by the government of Tanzania. The plot of land, is in addition to the $500 million cement factory set up in 2015 by Aliko Dangote. The plot of land is situated in the southeastern town of…

People, who desire to stand out in the society, may have to pay a little attention to their lifestyle. Lifestyle that includes; what they eat, how they present themselves and how well they take care of their body both inside and out. In taking care of the body, one area…

Chi Farms Limited is celebrating landmark ten years of business relationship with Aviagen, the global market leader in poultry genetics and owner of the popular ‘Arbor Acres’ broiler brand. The company said the partnership has made Chi Farms Limited the leading Grand Parent Integrator and distributor of quality day-old chicks…

Allianz Maroc, a member of the Allianz Group, has said that by 2021 it hope to become the benchmark in the Moroccan insurance market. To achieve this, it said that it will strengthen its presence in the market and double its market share. The company said in a statement on…

Telecoms giant, MTN has recorded its first ever loss. The telco said on Thursday that it made a $200 million loss in 2016, after suffering a huge fine in Nigeria and currency challenges in key markets. “MTN Group’s financial results for 2016 reflect the most challenging year in the company’s…

The E-Class is the core of the Mercedes-Benz brand and in the past has repeatedly redefined the standards in the business-class segment. Fresh in the country, through Weststar Associates, the sole authorised distributors of Mercedes-Benz products in Nigeria, the New E-Class carries this tradition into the future with a wealth…