Teleology Holdings confirms payment of $50 million deposit for 9mobile

The preferred bidder in the sale of debt-ridden teleco 9mobile, Teleology Holdings, has debunked rumors that it has not made the cash deposit for the...

NCR (Nigeria) Plc turnover crashes to ₦6.9 billion in 2017

NCR (Nigeria) Plc has released its Financial statements for the year ended December 2017. The report shows a reduction in turnover from ₦7.06 billion recorded...

UAC Plc turnover surges to ₦ 89 billion in 2017

UAC of Nigeria PLC has released its financial statements for the year ended December 2017. The report shows an 8% increase in revenue from  ₦82.6...

Lassaco Assurance Plc records ₦6.73 billion gross premium in 2017

Lassaco Assurance PLC has released its end of the year Financial Statements for the year ended December 2017. The report shows a 10% increase in...

Lagos State becomes 6th member of Odu’a Investment Company

Lagos State has been formally admitted to the Odu'a Investment group as one of the investing states. The five southwestern states of Osun, Oyo, Ondo,...
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9mobile Acquisition: NCC, CBN officials claim ‘no knowledge’ of who Teleology’s paid $50million to

The chairman, House committee on Telecommunications, Hon. Saheed Akinade-Fijabi has threatened that the House of Representatives may be forced to stop the ongoing sale of...
Bill Gate

The 4 charts Bill Gates used to summarize Nigeria of yesterday, today and tomorrow

Co-founder, Bill and Melinda Gates Foundation, Bill Gates was in Abuja yesterday where he had a meeting with the Federal Executive Council. Speaking at the...

Jumia launches Jumia one app

An All-in-One Mobile App to Facilitate One-Stop Shopping For Online Transactions The new lifestyle App enables customers...
Facebook. Photo by Tim Bennett on Unsplash

Mark Zuckerberg responds to the data breach scandal

Facebook Billionaire Mark Zuckerberg has apologized in the wake of the recent data breach of over 50million users. The tech giant said that the world’s...
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FIRS says it raised tax revenue by ₦700 billion in 2017

The Federal Inland Revenue Service FIRS says it recorded four million new taxpayers accounting for a ₦700 billion increase in revenue in 2017. The FIRS boss...
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Cadbury renews contract with NFF as partnership deals hit $50 million

TomTom, a product from the staples of Cadbury Nigeria PLC and the Nigerian Football Federation has signed a new three-year agreement that will make...
2017 Ford Fusion Sport 3/4 Rear View

Nigerians put on alert as Ford Motors recall 1.4 million vehicles

American Automaker, Ford has issued a safety recall on some of its newest brands across the globe. The Fusion and Lincoln MKZ brands were recalled...
Juice. Courtesy- Roberta Sorge via Unsplash

Coca-Cola Nigeria will start Juice production to boost revenue

The parent company of Coca-Cola Nigeria, Coca-Cola HBC, has revealed that it will prioritize the production of plant-based beverages, juice smoothies, and PET juice packaging...
monetise your hobbies

Point of Sale transaction value hits ₦144 billion in February

Figures from the Nigeria Inter-Bank Settlement Scheme NIBSS shows the total number of active Point of Sale PoS terminals in the country to be...
Transcorp hotel

Olorogun O’tega Emerhor retires as Transcorp Hotels Chairman

Transcorp Hotel Plc has announced the retirement of its chairman and non-executive Director Olorogun O'tega Emerhor. In a statement by the company, it also...
Nigerian capital market

FBN Holdings announce new appointments for its subsidiaries

The management of First Bank Nigeria FBN Holdings has announced some new appointments. The management announced Olawale Ariyibi as Chairman of the Board, FBNQuest Capital...
Yemi Osinbajo

Osinbajo lament banks’ poor lending culture to SMEs

The Vice President, Prof. Yemi Osinbajo has lamented the low impact of commercial banks on Nigerians nothing that no fewer than 40% are still...

Indonesian Government wants more crude oil supply from Nigeria

The Nigerian National Petroleum Corporation (NNPC) has received a request from the Indonesian government to supply it more volumes of Nigeria's crude oil blends to...

US-based Krispy Kreme Doughnut officially launches in Nigeria

Krispy Kreme Doughnut Corporation, a United States-based food company has formally made its entrance into the Nigerian market. At the pre-launch of their doughnuts at...
company-news

Corporate News Roundup for the week ended March 3, 2018

This Corporate News Compilation for the week ended March 3rd, 2018 is brought to you by Bluechip Technology Ltd Nigeria. 1. Google announced last week that it...

Nigerian brands on alert as Facebook revises news feed algorithm

The recent announcement by social media giant Facebook of a change in its newsfeed algorithm has claimed its first casualty. Recall that Facebook had earlier...

Nigeria’s Manufacturing Index expanded in February

The Central Bank of Nigeria has released the Manufacturer's Purchasing Managers' Index PMI survey report which hit 56.3 index points in February indicating an...

This is what IMF thinks about Nigeria’s economic recovery

The International Monetary Fund IMF has predicted that Nigeria will “muddle through” with its economic policies in the medium term. According to Reuters, the Washington-based international...

Nigerian Labour Congress has proposed ₦72,000 as the new minimum wage

Apparently succumbing to persistent agitation by the Nigeria Labour Union, coupled with the prevailing economic realities public workers across the country face, the Buhari-led...

‘Uber Chap Chap’ maybe on its way to Nigeria soon

Uber, the leading ridesharing app is currently testing the “Uber Chap Chap”, service in Nairobi, Kenya. According to Reuters, the introduction of the new service...
Oriental Energy Resources Limited, Mobil Producing Nigeria Unlimited

How Nigeria losses N24 billion to Imported fuel monthly

The Minister of Power, Housing, and Works Mr. Babatunde Fashola has revealed that Nigerians consume 300 million litres of Diesel monthly, more worrisome is...

Why the future belongs to firms that embrace blockchain

If 2017 was the year of blockchain early adoption by mainstream businesses, 2018 to 2027 will be the decade blockchain solutions will be disrupting...

Matatu, ‘Keke-uber’ signs partnership deal with Bajaj Motorcycle.

Early in the year, there were predictions that certain startups that might struggle in 2018. One of the highlighted startups is Matatu, founded by Samuel Ajiboyede who...

This new Unexplained Wealth Order will boost VAIDS compliance

In its bid to raise the awareness on tax payment and generate more revenue from the non-oil sector of the economy, the Federal Government...
Abi williams - nairametrics

91% of SMEs using Facebook app record revenue growth

Facebook, in its recent Economic Impact Study, revealed the growing importance of digital platforms to Small and Medium Scale Enterprises (SMEs) in Nigeria. The Social media giant...

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International Breweries beer war

Beer Wars: International Breweries takes number 2 market share from Guinness Plc

Comparative data from the financial statements of three of the largest beer makers in the country suggest that Guinness Nigeria Plc has lost its place as the second-largest brewery by revenues to International Breweries.
FBI Obinwanne Okeke

FBI arrests Invictus Group’s Obinwanne Okeke, Forbes Africa 30 Under 30 list nominee

The Chief Executive Officer of Invictus Group, Obinwanne Okeke, who in 2016 made it into Forbes Africa’s 30 Under 30 List, has been arrested by the Federal Bureau of Investigation (FBI) for conspiracy to commit computer fraud. 
EFCC mounts up investigations on FIRS staff accounts over N1.2bn fraud

EFCC resumes investigation of FIRS officials over more than N1.2 billion fraud

The EFCC has resumed investigations on the members of staff of the FIRS over the N1.2bn duty tour allowance (DTA) fraud.