CATEGORY: COMPANIES

MTN reports N870 billion revenue from Nigeria alone in 2017 HY

MTN reports N870 billion revenue from Nigeria alone in 2017 HY

MTN Nigeria has reported that it posted a total revenue of about N870 billion (R31.97 billion)...


Nipost will use this software to create new addresses for every single location in Nigeria

Nipost will use this software to create new addresses for every single location in Nigeria

Nigeria’s postal service, NIPOST, has just announced its adoption of the innovative global addressing...


Takeaways from Unilever Nigeria’s first conference call

Takeaways from Unilever Nigeria’s first conference call

Unilever Nigeria earlier today held its first ever conference call. Management discussed a range...


Deal: Flutterwave raises $10 million in venture capital

Deal: Flutterwave raises $10 million in venture capital

Flutterwave Inc. recently announced to its community that it has secured a new capital of...


Siemens Nigeria introduces mobile gas turbine unit that can be installed in two weeks

Siemens Nigeria introduces mobile gas turbine unit that can be installed in two weeks

Siemens Nigeria has introduced a mobile gas turbine into the Nigerian market. The turbine...


Guinness just admitted stout market is dying

Guinness just admitted stout market is dying

Guinness Nigeria Plc seems to have given up on the premium beer market as...



WACOT Limited opens N10 billion rice mill in Kebbi

WACOT Limited opens N10 billion rice mill in Kebbi

Governnment’s policies to encourage investments in the agricultural sector seem to be working as...


All the major economic news from Nigeria in 5 minutes-2/8/2017

All the major economic news from Nigeria in 5 minutes-2/8/2017

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


Skye Bank allegedly writes presidency against Tunde Ayeni

Skye Bank allegedly writes presidency against Tunde Ayeni

Tier two lender, Skye bank has passed the buck on its current woes to...


All the major economic news from Nigeria in 5 minutes-1/8/2017

All the major economic news from Nigeria in 5 minutes-1/8/2017

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


Foreign investors buy 2.3% of Dangote  Cement in N86.1 billion deal

Foreign investors buy 2.3% of Dangote Cement in N86.1 billion deal

Reports from Reuters suggest foreign investors have bought a 2.3% stake in Dangote Cement...


The numbers behind Dangote Sugar’s blistering results

The numbers behind Dangote Sugar’s blistering results

Dangote Sugar Refinery PLC (Bloomberg: DANGSUGA-NL), Nigeria’s largest sugar producer, announces unaudited Group results...


NCC says just 10 internet service providers may be active in the country

NCC says just 10 internet service providers may be active in the country

The tough climate in which players in the telecommunications industry operate, was once again...


Diamond Bank reveals story behind half year result (2017 HY)

Diamond Bank reveals story behind half year result (2017 HY)

In our quest to provide a balanced view on results, Diamond Bank sent Nairametrics...


These 8 Dangote Sugar staff have been accused of stealing N451 million

These 8 Dangote Sugar staff have been accused of stealing N451 million

Billionaire Aliko Dangote may not be a very happy man at the moment as...


Why the Federal Government wants the Dangote refinery ready by 2019

Why the Federal Government wants the Dangote refinery ready by 2019

At a visit to the Dangote petrochemical refinery yesterday, Minister of State for Petroleum...


GOTV to spend N20 million on boxing tournament

GOTV to spend N20 million on boxing tournament

Cable TV provider, GOTV plans to spend N20 million on a boxing tournament to...


13 Unions in Nollywood have secured a landmark insurance deal for their members

13 Unions in Nollywood have secured a landmark insurance deal for their members

13 unions in the Nigerian movie industry also known as Nollywood have signed a...


All the major economic news from Nigeria in 5 minutes-31/7/2017

All the major economic news from Nigeria in 5 minutes-31/7/2017

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


Key takeaways from Google CEO visit to Nigeria

Key takeaways from Google CEO visit to Nigeria

The Chief Executive Officer (CEO) of Google Inc., Mr. Sundar Pichai, recently visited Nigeria...


BRT operator reduces fares by 5%

BRT operator reduces fares by 5%

Barely three months after a price increase was introduced across all routes, Primero Transport...


Dufil Prima, owners of Indomie wants to raise N40 billion in long term debt

Dufil Prima, owners of Indomie wants to raise N40 billion in long term debt

Dufil Prima, the company behind the popular Indomie noodles, has signalled intentions to raise...


Despite recession, cement companies report over N570 billion in revenue so far in 2017

Despite recession, cement companies report over N570 billion in revenue so far in 2017

Nigeria’s 3 major cement companies have made a total of N574.5 billion in revenues...


Moet boss says Nigeria is its biggest Champagne market in Africa

Moet boss says Nigeria is its biggest Champagne market in Africa

In what many may take as a sign of Nigerians love for imported items,...


Paystack records N1 billion in monthly transactions value

Paystack records N1 billion in monthly transactions value

Paystack recorded a monthly transaction volume of N1 billion three days ago. It was...


All the major economic news from Nigeria in 5 minutes-28/7/2017

All the major economic news from Nigeria in 5 minutes-28/7/2017

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


Blackbit Energy Limited to distribute Total Nigeria’s solar power solutions

Blackbit Energy Limited to distribute Total Nigeria’s solar power solutions

BlackbitEnergy Limited has signed  an agreement with Total Nigeria for the distributorship of its...


Union Bank borrows some of Uber’s features in its revamped mobile app

Union Bank borrows some of Uber’s features in its revamped mobile app

Union bank appears to have worked with a sharp ICT team on its revamped...


KIA Motors and Stanbic IBTC partner in vehicle finance scheme

KIA Motors and Stanbic IBTC partner in vehicle finance scheme

Tier two bank Stanbic Ibtc and KIA motors have announced a partnership on a...


Verod Capital acquires ‘minority stake’ in Greensprings Private School

Verod Capital acquires ‘minority stake’ in Greensprings Private School

Nigerian based Private Equity firm, Verod Capital Management has acquired a “minority” stake in...