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This is attributed to the Central Bank of Nigeria’s decision to unify the country’s multiple exchange rates, introducing the FX-managed float system for rate unification.
Onwuka, the CFO of Seplat Energy, experienced a substantial 7.78-percent increase in his 2022 compensation, reaching $1.55 million.
Uncover the breakdown of his compensation, including a $0.35-million base salary, a $0.53-million short-term incentive, and a substantial $12.39-million long-term incentive.
Aiteo, Africa’s leading oil independent, which is owned by Peters, is now operator of the prolific Mazenga gas block in Mozambique.
The adjournment to Jan. 22, 2024, sets the stage for further legal developments in this high-profile case.
Obambi’s Sapro Group operates across 11 countries on three continents in multiple sectors.
Agwunobi’s 2022 compensation package reflects a significant 16.89-percent jump from the previous year’s $6.9-million total.
Prince Arthur Eze founded oil exploration and production company, Atlas Oranto, in 1991, and built it into one of Africa’s largest independents.
Sierra Leonean President Julius Maada Bio disclosed that the move is pivotal to stimulating the country’s economy.
Flour Mills of Nigeria Chairman John Coumantaros holds a 63.34-percent stake in the company.
With Rabiu at the helm, BUA Group has emerged as a major player in Africa’s foods, mining, manufacturing, and industrial sectors.
The SEC accused him of inflating figures and and engaging in billions of dollars’ of fictitious transactions.
The facility will enhance UBA’s capacity to finance crucial projects in Nigeria, with a focus on infrastructure, agriculture, and related value chains.
BUA Cement has solidified its position as Nigeria’s second-largest cement producer.
Coris Bank International as established itself as a pivotal player in the West African financial services sector.
Wigwe highlighted the significance of Access Holdings’ presence in the Hong Kong market, emphasizing its potential to boost cross-continental trade.