Solomon Ekanem on Muck Rack

Solomon Ekanem

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Lagos
As seen in: Business Insider Africa, Opera.News, MSN, MSN South Africa, Pulse Nigeria, EIN News, Pulse Ghana, Bilaterals, Pulse Live Kenya, Pulse Uganda
Covers:  Business, Energy and African Economy
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Solomon Ekanem’s Journalist Portfolio

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POS transactions achieve 29.3% growth, hit N4.6 trillion in 7 months

POS transactions achieve 29.3% growth, hit N4.6 trillion in 7 months

Also, the volume of transactions rose by 25% year-on-year from N543.7 million to N679.8 million in the same p…

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Dangote cuts sugar import by 40%, targets production of 430,000 tonnes per year

Dangote cuts sugar import by 40%, targets production of 430,000 tonnes per year

Recall the Dangote sugar group and the Nasarawa state government had in 2017, signed a Memorandum of Understa…

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Nigerian airlines forced to disengage staff as industry crisis worsens

Nigerian airlines forced to disengage staff as industry crisis worsens

While some operational staff of the airlines still have their jobs intact, some other workers who are associa…

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CBN records $2.4 billion from diaspora remittances in H1, 2022

CBN records $2.4 billion from diaspora remittances in H1, 2022

This was revealed by the Director, Trade and Exchange Department at CBN, Dr Ozoemena Nnaji, during the 33rd S…

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Cyber Attacks: Cryptocurrency traders lose $44 billion in 12 months

Cyber Attacks: Cryptocurrency traders lose $44 billion in 12 months

The statement read in part, " Cyberattacks have contributed to a loss of more than $60bn in DeFi currency sin…

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3 Complications Which May Stop APC's Scheduled Convention On The 26th Of March

3 Complications Which May Stop APC's Scheduled Convention On The 26th Of March

The last has not been heard about the turmoil currently brewing in the ruling All Progressives Congress, APC.…

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Articles

Backed by Abu Dhabi's ruling family, UAE's $406 billion banking giant targets South Africa after 10-year court battle

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By Solomon Ekanem Verified
| Business Insider Africa
First Abu Dhabi Bank (FAB), the United Arab Emirates' largest lender with approximately $406 billion (R6.6 trillion) in assets, is moving closer to establishing a presence in South Africa after ending a decade-long trademark dispute that had delayed its expansion into Africa's biggest banking market. Headquartered in Abu Dhabi, FAB is one of the world's largest financial institutions.
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French firm behind the world's largest floating gas plant is also helping build Africa's next LNG mega-projects

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By Solomon Ekanem Verified
| Business Insider Africa
The French company has been selected by long-time client Samsung Heavy Industries (SHI) to design the cryogenic LNG storage tanks for Delfin FLNG 1, the first floating LNG export facility to be deployed in the United States. The vessel, being developed by Delfin Midstream for deployment offshore Louisiana, is expected to become the world's largest FLNG unit with an annual production capacity of 4.4 million tonnes of LNG.
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South Africa's biggest truck maker warns 700% electricity price surge could undermine manufacturing

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By Solomon Ekanem Verified
| Business Insider Africa
The warning comes as South Africa continues to grapple with rising production costs despite significant improvements in electricity supply following years of rolling blackouts that disrupted businesses across the country. Billy Tom, President of Isuzu Motors South Africa, said electricity tariffs have increased by more than 700% since 2007, placing a significant financial burden on manufacturers already facing rising input costs and intense competition from global markets.
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