President of the Dangote Group of Companies, Alhaji Aliko Dangote, said in Lagos yesterday that over 8,000 Nigerian engineers would be trained at the $9 billion proposed Dangote Refinery. At the formal introduction of Dangote to the communities in the Lekki Free Trade Zone by Governor Babatunde Fashola, the business […]
Business News
Google to own $750 million Lenovo stake after Motorola deal closes: HK exchange
Internet search company Google Inc will own a 5.94 percent stake in China’s Lenovo Group Ltd worth $750 million once Lenovo’s deal to buy Google’s Motorola handset division closes, according to a disclosure on the Hong Kong stock exchange. Google would take 618.3 million Lenovo shares at $1.213 per share, […]
Investments in power sector hits $50bn
The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said that the privatisation of Nigeria’s power sector has unlocked the investment opportunities in the sector, with pipeline investments estimated at $50bn currently. Aganga said for the first time in Nigeria’s 53-year history, the country successfully privatised the electric […]
