Company News

Ecobank has signed a $200 million facility with African Development Bank to boost intra-regional trade in Africa, the Pan-African lender...

Worth Noting: This Mutual Fund Will Target A Minimum of 12%pa Irrespective of Exit and Entry

SFS Capital Nigeria Limited (A member of the Skye Financial Services Group) has recently launched an investment product called SFS...

Champion Breweries Gets Approval To Raise Fresh Capital

In a bid to boost its operations and achieve greater returns for its shareholders, Champion Breweries Plc is finalising plans...

Diamond Bank Seeks Approval to Float $400m Rights Issue

Diamond Bank Plc is seeking regulatory approval to raise between $300 million and $400 million via a rights issue from...

South Africa’s Tiger Brands to “mothball” Dangote Flourmills

May 21, 2014

South Africa's biggest consumer foods maker, Tiger Brands, will mothball some mills at its Nigerian unit in an attempt to...

WAMCO Owners of Peak Milk Posts 2% Drop in PAT (Updated)

May 21, 2014

FrieslandCampina WAMCO Nigeria Plc says it recorded a turnover of N120.3bn in 2013. A statement from the company on Tuesday...

Deal: Lekoil Agrees To Acquire 40% Of Otakikpo Marginal Field For $11million

May 21, 2014

Lekoil Limited yesterday said Lekoil Oil and Gas Investments Limited, a subsidiary of Lekoil Nigeria Limited, had agreed to acquire...

Unity Bank Rights Issue Is Officially Open…See Details

May 19, 2014

Unity Bank Plc rights offer opened over the weekend as the banks plans to list for a rights issue of...

R-E-L-I-E-F : May & Baker Plans To Raise New Capital To Defray Crushing Debts

May 19, 2014

Reports in The Nation Newspaper suggest May & Baker is planning to raise between N2billion and N3billion in new equity...

Merger: Nigerian Breweries Share Price Looks Like It’s On a Rally…See Chart