AMCON’s Chief Executive, Ahmed Kuru, told Reuters that all processes on the bids were completed about two months ago and all that is left is the approval of the Central Bank of Nigeria.
Dangote, in alliance with the states of Kaduna and Kebbi and the Bank of Industry, made a bid to acquire a majority stake in PAN last year after AMCON moved to sell off some of the assets it acquired in the wake of the banking crisis.
The automaker is worth over N15 billion.
Peugeot Automobile, a Nigerian vehicle assembly plant located in Kaduna State, has Psa Peugeot Citroen as its technical partner with a capacity to assemble 90,000 cars a year.
The appellate court described the development as the highest form of judicial impertinence, stating that…
The 40-year-old pulled off a performance of a lifetime as the Blue Sharks frustrated a…
Chelsea centre-back Chalobah, 26, who has one cap, will not join up with the squad…
Speaking on the sidelines of the inaugural African Air Transport Conference in Lomé, Festus Keyamo…
Elon Musk’s SpaceX, fresh off its record-breaking IPO, told US securities regulators on Tuesday that…
A Spain side featuring a Ballon d'Or winner in Rodri, Fabian Ruiz, fresh from a…