wempco news

The Western Metal Products Company (WEMPCO) has refuted media reports that it is planning to end its business operations in Nigeria. In a statement yesterday, WEMPCO said that despite the challenging business environment, it was … Read more via The Guardian Nigeria News – Nigeria and World...

WEMPCO, a steel value-chain group and the majority shareholder in the popular Oriental Hotel in Lagos, is planning to sell the hotel at N94bn ($250m) and exit Africa’s biggest economy after four decades of operation and an accumulated debt of over N90bn. .... Read more via The Africa...

Several crises reportedly facing the Western Metal Products Company (WEMPCO) may further worsen the unemployment challenges in the country as about 250,000 jobs are currently being threatened. Earlier, it was reported that the popular Oriental Hotel in Lagos, owned by WEMPCO Group, is planning...

A major debt burden is weighing heavily on Western Metal Products Company Limited (WEMPCO) Group as it plans to sell its flagship five-star Oriental Hotel, BusinessDay has learnt. According to a document seen by BusinessDay on Tuesday, owners of the Luxury Oriental Hotel, situated in-between...

Oluwatosin Omojuyigbe Scores of casual workers at the Western Metal Products Company … Read more via Punch Newspapers – https://ift.tt/2NAplS9 Get more: Nigeria Business News