CATEGORY: COMPANIES

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...





Okomu Oil Palm to spend N250 million on CSR this year

Nairametrics| Okomu Oil palm plans to spend N250 million on Corporate Social Responsibility (CSR) in 2017. Here is the...



Why the FG is increasing its stake in the Islamic Development Bank

Nairametrics| Nigeria has decided to reinvest its dividends from the Islamic Development Bank (IDB) for the year 2016. This...


Company News Roundup (May 20, 2017) – Bank executive compensation top N6 billion N1 billion in 2016

This is Nairametrics recap of some of the top company/industry stories that were in the news for the week...


Amcon’s reasons for taking over Wokson International

Nairametrics| The Asset Management Corporation of Nigeria (AMCON) on Friday took over the assets of Woksons International and its...


Real Estate Weekly: Skye Bank gets court order to takeover Intercontinental hotel

This is Nairametrics weekly roundup of major Real Estate News for the week ended May 19, 2017. To get...



GE to open $100 million plant that can service and repair power turbines

Contrary to earlier reports, General Electric (GE) plans to launch a repair and service plant for power turbines. News...


Alert: Microsoft announces plans to deliver Cloud services from Datacentres in Africa

Microsoft’s new investment will provide highly available, scalable, and secure cloud services across Africa with the option of data...


Medview Airlines says EU ban is not total

Nairametrics In a statement issued yesterday on its twitter handle, Medview airlines says its EU operations are operating as scheduled...



Dangote shuts down tomato factory. Again.

Nairametrics|Barely three months after resumption, Africa’s richest man Aliko Dangote has been forced to close it down again, due...


EU Bans Medview Airlines from flying into Europe

Nairametrics|The European Commission yesterday banned several airlines from flying into European airspace. Several airlines were banned including a Nigerian...


In secret, corporates come clean about their outlook for the economy

The recently concluded Renaissance Capital Annual Pan-African Conference aptly titled Stability is Returning, provided us with a unique insight...


Dangote can lift 2 million people from poverty

Nairametrics| A recently released report by Oxfam, an NGO based in the United Kingdom states that the top 5...


Dangote Industries and Flour Mills have agreed to spend N2.5 billlion on Apapa-Oshodi Expressway

Nairametrics| Dangote industries and Flour Mills have decided to spend N2.5 billion to fix roads leading to the Apapa...


About Helpcolony, the new scheme that has replaced MMM

Nairametrics| It appears Nigerians are still gullible when it comes to Ponzi schemes as helpcolony.com another get rich scheme has...


Airtel Nigeria launches on demand subscription based tv service

Nairametrics| Airtel Nigeria and Ericsson have just announced the launch of a new subscription based TV station named Nuvu...


Foreign investments into Nigeria’s hotel sector crash by 98%

Data from the Central Bank of Nigeria suggest total capital importation into the hotel sector of Nigeria fell to...


A proposal is in place to merge Arik and Aero into a new national carrier

Nairametrics| The Federal government may have decided to merge Arik and Aero in order to create the new national...