The Nation’s foremost sugar refinery, Dangote Sugar has demonstrated its resolve to ensure the realization of the national sugar master plan as it takes delivery of farm machinery worth $35 million from Panafrican Equipment. The Panafrican Equipment Group is a recognized leader in providing mining and construction grade equipment and […]
Business News
Herbalife Plans Offering of Notes to Fund Share Repurchases
Herbalife Ltd. (HLF), the vitamin maker accused by hedge fund manager Bill Ackman of being a pyramid scheme, said it will offer $1 billion in convertible senior notes and use some of the money to repurchase common shares. The initial buyers of the notes, due in 2019, will be Bank […]
Transcorp, GE partner to improve power generation in Nigeria
Press Release Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), and General Electric (GE) have signed an agreement to expand the capacity of TUPL’s Ughelli power plant by1000MW over the next 3 to 5 years. Both parties have also signed a separate agreement […]
