CATEGORY: COMPANIES

Here’s where foreign investors put their money into in the first quarter of 2017

The National Bureau of Statistics last week released its 2017 first quarter capital importation report revealing Nigeria attracted just...


Amazing video of Diamond Bank staff celebrating children’s day

Here is an incredible video of Diamond Bank staff Mbaise branch celebrating Children’s day. We sure love this at...


Some grey areas in CSCS 2016 annual report.

CSCS plc, the clearing house of the Nigerian capital market recently released its annual report for the financial year...



Etisalat’s loss of 2.9 million customers could cost it almost N7 billion

Nairametrics| Two successive quarterly reports by the Nigerian Communications Commission (NCC) revealed that Etisalat Nigeria lost 2.9 million subscribers in...


Why Dangote wants the Peugeot Assembly plant.

Aliko Dangote, may be expanding his empire into car assembly, if the Central Bank of Nigeria (CBN) gives the...


Why Dangote’s potential acquisition of PAN is strategic

The Asset Management Company of Nigeria (AMCON) has announced that it is awaiting CBN’s approval to sell the Peugeot...


The Nigerian Economy Today 26/5/2017 – AMCON says it’s close to selling Peugeot car assembly plant to Dangote

Summary of the top business, economic and political news in Nigeria.   The Central Bank of Nigeria (CBN) has...


Airtel’s is upgrading its 4G network and here is why

Airtel, one of Nigeria’s top 3 GSM providers, has concluded arrangements to upgrade its network. Here‘s what we know...


Rand March Bank initiates N80 billion CP programme

South African bank, Rand Merchant bank has listed an N80 billion commercial paper programme on the FMDQ platform. Commercial...


Turkish firm opens $100 million diaper and tissue paper factory in Ogun state

Turkey based fast-moving consumer goods producer, Hayat Kimya has opened a $100 million factory in Ogun state. The factory...


GE’s $2.2 billion railway business plan has been approved by the FG

Following the Federal Government’s approval of GE’s outline business case for the concessioning of the narrow gauge railway lines...


Why Valentine farms may not get a N2bn CBN loan

Valentine farms, one of the 13 Shongai farms may not be accessing a N2 billion loan from the Central...


Fidson denies acquisition/merger plans with May and Baker

In a press release sent to the Nigerian Stock Exchange (NSE) on Thursday, Fisdon healthcare denied any plans to...


Tiger Brands gives up on Nigeria, to focus on serving middle income South Africans

Former owners of Dangote Flour Mills Ltd and South African consumer goods maker, Tiger Brands has announced that is...


Ntel plans to raise $300 million to fund network expansion

Ntel, a Nigerian fourth-generation telecommunication services operator, is hoping to continue its vision for the company by launching an...


In defiance, UACN insist on real estate despite mega losses

The Chairman of UACN Property Development Company (UPDC) Plc, Larry Ettah, presented the company’s 2016 financial report at its...


Development Bank of Nigeria to start lending in August.

Managing Director of the Development Bank of Nigeria (DBN) Mr Tony Okpanachi revealed the bank will give loans with...


TVS, market leader in Keke Marwa Productions is targeting 70% market share

Self proclaimed market leader for the sale of popular tricycle aka Keke Marwa in Nigeria, TVS Motor Company of...


Leventis Motors stops distribution of JCB construction equipment

Mr. Nikolaos Giannousas, general manager Leventis motors says the company will no longer distribute JCB construction equipment in Nigeria....


Alert: Newrest ASL reports N131 million Profit (2017 Q1)

Newrest ASL today released Consolidated Financial Statements for the three months ended 31 March 2017.   Revenue N’million Q1...