CATEGORY: COMPANIES

AIICO insurance in talks with new investor to boost its capital base

AIICO insurance in talks with new investor to boost its capital base

In a notice to the Nigerian Stock Exchange (NSE) today, AIICO insurance Plc said...


All the major economic news from Nigeria in 5 minutes-9/8/2017

All the major economic news from Nigeria in 5 minutes-9/8/2017

Summary of the top business, economic and political news in Nigeria today. The Nigerian...


Banks ask for damages as FG withdraws N247 billion TSA case against them

Banks ask for damages as FG withdraws N247 billion TSA case against them

After accusing 7 commercial banks of illegally withholding government funds, that were meant for...


NNPC secures $3.8 billion FDI; to clear up JV cash debts by April 2018

NNPC secures $3.8 billion FDI; to clear up JV cash debts by April 2018

The Nigerian National Petroleum Corporation, NNPC, has secured a $3.8 billion foreign direct investment...


Union bank plans to raise N50 billion in fresh capital via a right issue

Union bank plans to raise N50 billion in fresh capital via a right issue

The Chief Executive of Union Bank, Emeka Emuwa said the bank plans to raise...


Forte Oil  denies alleged strategic partnership with local refinery for refining of crude oil

Forte Oil denies alleged strategic partnership with local refinery for refining of crude oil

In a statement released to the Nigerian Stock Exchange (NSE), Forte oil has denied...



All the major economic news from Nigeria in 5 minutes-8/8/2017

All the major economic news from Nigeria in 5 minutes-8/8/2017

Summary of the top business, economic and political news in Nigeria today. In a...


Nigerian Football League Launches New Lottery with Highest Jackpot in Africa

Nigerian Football League Launches New Lottery with Highest Jackpot in Africa

AfroMillionsLotto, a brand new lotto with a minimum jackpot close to a billion naira...


Heritage bank  explains why it is backing Oyo state’s N50 billion health fund

Heritage bank explains why it is backing Oyo state’s N50 billion health fund

MD of Heritage bank, Ifie Sekibo has shed more light on why the bank...


iflix secures additional $133 million funding

iflix secures additional $133 million funding

iflix , the world’s leading Subscription Video on Demand (SVoD) service for emerging markets,...


SystemSpecs to banks: Remita app is nothing to worry about

SystemSpecs to banks: Remita app is nothing to worry about

Payment system processor, Systemspecs says says commercial banks in the country have nothing to...


Mobil Oil Nigeria has changed its name to 11 (Double One) Plc

Mobil Oil Nigeria has changed its name to 11 (Double One) Plc

In a notice sent to the Nigerian Stock Exchange (NSE), Mobil Oil Nigeria has...


Fintech company Cellulant takes its E-wallet solution to Afghanistan

Fintech company Cellulant takes its E-wallet solution to Afghanistan

Nigerian tech company, Cellulant is expanding its operations to Asia as it is partnering...


Tantalizers reveals its seeking equity, renegotiating debts & cutting cost

Tantalizers reveals its seeking equity, renegotiating debts & cutting cost

In an apparent response to an article that featured in Nairametrics, Tantalizers has revealed...


All the major economic news from Nigeria in 5 minutes-7/8/2017

All the major economic news from Nigeria in 5 minutes-7/8/2017

Summary of the top business, economic and political news in Nigeria today. The management...


E-commerce, creative industry included in list of 27 new Pioneer Industries

E-commerce, creative industry included in list of 27 new Pioneer Industries

The Federal Ministry of Trade has just released the list of 27 new industries...


Half year results show mixed fortunes for Nigeria’s downstream players

Half year results show mixed fortunes for Nigeria’s downstream players

Investors in some of Nigeria’s major downstream companies, expecting a repeat of last year’s...


71 Industries are now eligible for Pioneer Status up from 44

71 Industries are now eligible for Pioneer Status up from 44

The Federal Executive Council (FEC) of Nigeria has approved a new list of industries...


IFC, Ecobank, BOI on the hook as Tantalizers stares at Liquidation

IFC, Ecobank, BOI on the hook as Tantalizers stares at Liquidation

The trio of Ecobank International, Bank of Industry and IFC may have taken or...


Forte Oil reveals deal in the works to partner with a local refinery

Forte Oil reveals deal in the works to partner with a local refinery

The MD/CEO of Forte Oil Mr Akin Akinfemiwa, last week announced Forte Oil was...


Limited upside as Forte Oil announces equity offer to HNI’s and QII’s

Limited upside as Forte Oil announces equity offer to HNI’s and QII’s

Nigeria’s leading integrated energy company, Forte Oil Plc has announced plans to offer for...


Nigerian Banks explain why they won’t take provisions on 9Mobile loans

Nigerian Banks explain why they won’t take provisions on 9Mobile loans

Nigerian banks have confirmed that a deal is now in place to allow 9Mobile run...


Deal: Lafarge board approves merger with UNICEM and ATLAS Cement

Deal: Lafarge board approves merger with UNICEM and ATLAS Cement

The board of directors of Lafarge Africa has approved the commencement of a merger...


Lekki Free Trade Zone attracts Singaporean investors

Lekki Free Trade Zone attracts Singaporean investors

The Singaporean Minister of State for Trade and Industry, Dr Koh Poh Koon, on...


Is this who sold 4.4% equity stake in Livestock feeds?

Is this who sold 4.4% equity stake in Livestock feeds?

Data from the Nigerian Stock Exchange reveals that 132 million shares of Livestock feeds...


All the major economic news from Nigeria in 5 minutes-4/8/2017

All the major economic news from Nigeria in 5 minutes-4/8/2017

Summary of the top business, economic and political news in Nigeria today. Nigeria and...


ALERT: Conoil pre tax profit drops 60% (2017 6 Months)

ALERT: Conoil pre tax profit drops 60% (2017 6 Months)

Conoil released its financial results for the period ended 30 June 2017 ; See...


Interswitch reveals plans to launch micro-lending product

Interswitch reveals plans to launch micro-lending product

Nairametrics on Thursday had an exclusive tweet chat with the CEO of Interswitch, Mitchell...


Interswitch hints at listing on the Nigerian Stock Exchange

Interswitch hints at listing on the Nigerian Stock Exchange

Mitchell Elegbe the CEO of the Interswitch group, Nigeria’s major e payments processor, yesterday...


All the major economic news from Nigeria in 5 minutes-3/8/2017

All the major economic news from Nigeria in 5 minutes-3/8/2017

Summary of the top business, economic and political news in Nigeria today. The Federal...