Business News

TNT Management Names REDSTAREX Nigerian Associate WEF Oct’6 2016

October 6, 2016/NSE Further to the acquisition of TNT by FedEx, we write to inform the general public that TNT Management (Bahrain) E.C has appointed Red Star Express Plc as its Associate in Nigeria effective October 6, 2016. By this appointment, Red Star Express Plc is authorized to handle all […]

Diageo scraps plan to raise Guinness Nigeria stake in tough market

October 5, 2016/Reuters By Chijioke Ohuocha and Martinne Geller Oct 5 Diageo has scrapped plans to lift its stake in Guinness Nigeria due to tough conditions in one of its biggest markets for the world-famous stout, the drinks company said on Wednesday. The decision by Diageo, which makes Johnnie Walker […]

Carlson Rezidor on Track to achieve More than 23,000 Rooms in Africa

Rezidor first entered Africa in 2000 when it opened its first Radisson Blu in Cape Town October 5, 2016/Carlson Rezidor An accelerated African growth strategy for Carlson Rezidor, one of the world’s largest hotel groups, is on track to achieve its target of more than 23,000 rooms open or under […]