Company News
All the latest Nigerian company news, market intelligence and analysis
MTN sells assets worth R14 billion in 2019
MTN has announced the sale of R14 billion worth of assets in 2019, as asset sales are expected to be...
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Lekoil secures $184m funding to finance OPL 310 drilling
Lekoil 310 Limited, has secured $184 million funding to finance the drilling and all initial development plans on the Ogo...
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Paga records over $2 billion worth of transactions in 2019
The founder and CEO of Paga, Tayo Oviosu, has disclosed that the mobile payment company recorded over $2 billion worth of...
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Chevron crisis deepens as NUPENG issues new threat
NUPENG has threatened to take action against Chevron Nigeria Limited after the oil and gas company sacked some workers.
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Chelsea FC posts N46.42 billion loss in 2019
Chelsea FC announced on New Year’s Eve that the Group recorded a loss of £96.6 million (N46.42 billion) for the...
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NSE lifts suspension on Omatek Ventures’ shares
Omatek Ventures Plc has taken the required steps to unsuspend its shares on the Nigerian Stock Exchange (NSE).
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Vitafoam posts N2.38billion PAT, to pay N525 million dividend
Vitafoam Nigeria Plc posts improved profit and is set to pay a dividend of N525 million for the year ended...
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ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investments in Nigeria
ExxonMobil, Shell, Chevron and other IOCs are delaying investment in oil and gas projects worth $58.4 billion in Nigeria.
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SEC extends C&I Leasing’s N3.2 billion rights issue to Jan. 13
The Securities and Exchange Commission (SEC) has granted C&I Leasing Plc a 10-day extension for the closure of its N3.2...
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Why MTN is being dragged to court by families of American soldiers
A lawsuit has been instituted in the US against MTN Group Limited by families of American soldiers who are seeking an unspecified...
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