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GTCO increases GTBank’s paid-up capital to N504 Billion

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Spiro makes strategic push into Nigeria’s Electric Motorcycle Market

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All On Chairman urges bold investments to bridge energy gap in Nigeria

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Company News

All the latest Nigerian company news, market intelligence and analysis

Rajeev Suri to step down as Nokia’s CEO, Nokia announces 5G partnership with Intel

Nokia announces 5G partnership deal with Intel

by Ruth Okwumbu-Imafidon

March 6, 2020

Nokia has signed a partnership deal with Intel, to fasttrack the seemingly slow transition to 5G.

Square buys $50 million worth of Bitcoins, Twitter warns political figures to abstain from fake, misleading statements, Has Twitter's Jack Dorsey changed the popular narrative attached to Nigerians?, Twitter forecasts future drop in revenue after milestone record in 2019 Q4 , Twitter founder, Jack Dorsey invest N2.3 million in Nigerian startup, DevCareer , Some Verified accounts may not be able to tweet, as Twitter freezes password reset to address cyberattack, Jack Dorsey Sells First-ever Tweet for $2.9 million dollars as an NFT

Twitter CEO, Dorsey cancels plans to move to Africa, says tweet was a mistake

by Chidinma Nwagbara

Contrary to reports that made rounds that the Chief Executive Officer (CEO) of Twitter, Jack Dorsey, is moving to Africa...

Lafarge Africa Plc said it is sorry for helping bring Coronavirus into Nigeria

by Emmanuel Abara Benson

The CEO of Lafarge Africa Plc, Khaled El Dokani, has apologised to Nigerians over the role his company played in bringing Coronavirus into Nigeria.

40 year old British airline grounded due to decline in travels

40 years old British airline grounded due to drop in travels

by Ruth Okwumbu-Imafidon

Flybe has ceased operations on Thursday, March 5, due to a plunge in travel demands resulting from the coronavirus outbreak.

Layoffs: Mark Zuckerberg confirms Meta will cut another 10,000 jobs

Facebook to change Libra unveiling plans

by Chidinma Nwagbara

Facebook disclosed it had changed how its new digital cryptocurrency, Libra would be unveiled.

Stanbic IBTC Holdings Plc, Quick take: Stanbic's decent performance, Stanbic FY 2019: Modest earnings despite frail Q4 performance, Stanbic IBTC reports slight 0.8% growth in profit after tax for FY 2019

Stanbic IBTC reports slight 0.8% growth in profit after tax for FY 2019

by Emmanuel Abara Benson

Stanbic IBTC Holdings Plc has released its audited 2019 financial statement.

Lekan Akinyanmi, Lekoil, Lekoil secures $184m funding to finance OPL 310 drilling , Loan scam forces Lekoil’s shares to plunge over 70% as more denial emerges, Seawave Invest Ltd said it is open to investigation over Lekoil’s loan scam , Loan scam: Lekoil Limited seals payment extension deal to prevent losing oilfield, Lekoil Limited seeks refund of $450,000 after loan scam involving Qatar firm

Lekoil Limited seeks refund of $450,000 after loan scam involving Qatar firm

by Fakoyejo Olalekan

Lekoil has announced it plans to recover the fund it paid Seawave Invest Limited for facilitating its loan agreement with Qatar Investment Authority.

AFEX to partner with FMDQ and Dubai Commodities Exchange

AFEX partners FMDQ, Dubai Commodities Exchange to deepen markets opportunities

by Chike Olisah

AFEX Commodities Exchange Limited has signed MoU with FMDQ Holdings Plc and the Dubai Gold and Commodities Exchange (DGCX).

Paga partners Flutterwave, links users to international merchants

by Ruth Okwumbu-Imafidon

March 4, 2020

Nigerian Fintech Company, Paga has collaborated with Flutterwave, an international Merchant payments platform.