Company News
All the latest Nigerian company news, market intelligence and analysis
Naira devaluation would affect our profit margins – Flour Mills
The plan to source its raw materials locally helped reduce costs of maize sourcing per ton.
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MTN appoints Ralph Mupita as new Group CEO
Mupita will take over from Rob Shuter on September 1, 2020.
Read moreDetailsFlour Mills to issue bond within 2 months as it takes advantage of market rate
The move was aimed at taking advantage of low money market rates
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Unilever Overseas increases stake in Unilever Nigeria Plc
The acquisition of the additional shares adds substantially to its investment in the company.
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Heineken scoops more Nigerian Breweries shares in insider disclosure
The company has about 8 billion shares outstanding with Heineken as the majority shareholder.
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Airtel is partnering Standard Chartered Bank as it expands its fintech business
The partnership will enable Airtel to provide increased access to mobile money services to customers.
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UACN’s major shareholder sells substantial shares
This is coming a few days after UAC Nigeria Plc announced a deal to divest 51% of its shares in...
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AXA Mansard insurance divests from AXA Mansard pension as new owner emerges
This disclosure was made in a notification that was sent to the Nigerian Stock Exchange.
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Africa’s largest telecoms firm, MTN, to divest from its Middle East operations
The MTN Group is in advanced talks to sell its stake in MTN Syria to the minority shareholder.
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Airtel and Telkom discontinue merger plans
The disclosure was made in a notification that was sent to the Nigerian Stock Exchange.
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