Company News

Here Is What Forte Oil Group’s CEO & CFO Had To Say About Their Impressive 2014 H1 Result

August 8, 2014

Forte Oil Plc released impressive 2014 H1 results today as pre-tax profits rose 152% to N4.1billion. I am yet to...

Official: Stanbic IBTC Will Raise “Up To N30billion” In Tier II Capital

August 7, 2014

Stanbic IBTC, the Nigerian unit of South Africa's Standard Bank, plans to raise up to 30 billion naira in Tier...

Here Is What The GMD of Dangote Sugar Had To Say About The 2014 H1 Result

August 4, 2014

Dangote Sugar Plc released its 2014 half year results showing a10% drop in revenues and a 5.5% drop in pre-tax...

Official: Lafarge Wapco Changes Its Name to Lafarge Africa Plc

August 1, 2014

Lafarge Cement WAPCO Nigeria Plc notified The Nigerian Stock Exchange that with effective July 9, 2014, the Company’s name was...

5 Year Blue Print: Sovereign Trust Plans N1.1billion Rights Issue

August 1, 2014

Sovereign Trust Insurance Plc notified The Nigerian Stock Exchange of their intention to raise N1.1 billion through a Rights Issue....

Official: MTN Group Appoints Founder As New Group COO

Reuters reports Africa's biggest telecommunications operator MTN Group said on Thursday it had appointed Zunaid Bulbulia as its new...

Fraud? Afren Oil Suspends CEO & COO

London-listed oil explorer Afren Plc said its board had temporarily suspended Chief Executive Osman Shahenshah and Chief Operating Officer Shahid...

Official: Diamond Bank Opens N50.37bn Rights Issue

Diamond Bank says it has concluded arrangements to raise N50.37bn through a rights issue. The bank said the development followed...

FINALLY: Oando Concludes $1.5billion Acquisition of COP Deal, Share Price Gains 10%.

Oando Energy Resources Inc today announced the completion of its acquisition of the Nigerian Upstream Oil and Gas Business of...

BIG DEAL: GSK Seeks Approval For Worlds First Malaria Vaccine