CATEGORY: COMPANIES

Online Supermarket That Caters For Popular Supermarkets Launched in Lagos

An indigenous company Morpheus Online Business Services, has launched an exciting e-commerce platform in Lagos. The platform buyam.com.ng is set to alleviate the stress...


Dangote Sugar Plans $600million Investment in Kwara, Kebbi and Sokoto States

Dangote Sugar Plans $600million Investment in Kwara, Kebbi and Sokoto States

The investment drive of the Kwara State Government has yielded dividends as the President, Dangote Group, Alhaji Aliko Dangote, has pledged to invest over...


Official: Unilever Nig Plc Approves N1.40 Per Share as Dividend For FY Ended Dec 2012

  Shareholders of Unilever Plc have approved a dividend payment of N1.40 per share for their shareholders following their 2012 year end financial report....



Official: Oando Rights Issue 101% Subscribed

Official: Oando Rights Issue 101% Subscribed

  Oando Plc has announced results of its rights issues which it closed in December, 2012 which saw a total of 4,548,236,276 ordinary shares...


Talk Is Cheap?? FG Launches Scheme That Will Promote Entrepreneurship Right From Universities

Talk Is Cheap?? FG Launches Scheme That Will Promote Entrepreneurship Right From Universities

As part of proactive measures    aimed  at  tackling graduate unemployment across the country, the Ministry of Industry, Trade and Investment has inaugurated the University...


Etisalat Obtains $1.2billion (N192billion) Loan From Nigerian Banks

Etisalat Obtains $1.2billion (N192billion) Loan From Nigerian Banks

Emerging Markets Telecommunications Services Limited, trading under the name of Etisalat Nigeria, has signed a $1.2bn medium-term syndicated loan facility agreement with Zenith Bank...


Paga and Medplus Strike Deal…But Its Not Just To Sell Drugs

Paga and Medplus Strike Deal…But Its Not Just To Sell Drugs

  Paga a leading mobile payment platform in Nigeria has partnered with one of my favourite Nigeria Company Medplus which sees both organisations combine the...


Fidelity Bank Plc Create Loans Specifically For Pharmacist

  As usual, I will be using my blog to promote tools and resources that can help startups and small businesses grow. Businesses need...


Man City to buy New York City FC

“Manchester City, owned by Sheikh Mansour bin Zayed bin Sultan Al Nahyan, will be the majority owner of the team. Man City and the...


At $1.1Billion Tumblr Is Worth More Than The Combined Value of Oando, Forte Oil, Okomu Oil, And The Entire ICT Sector

At $1.1Billion Tumblr Is Worth More Than The Combined Value of Oando, Forte Oil, Okomu Oil, And The Entire ICT Sector

It’s no news that Yahoo is buying Tumblr for $1.1billion even though Tumblr generated just $13million in income last year and projects $100million in...


Skye Bank Plans to Raise $150million Tier 2 Capital in Q2/Q3

Media reports confirm Skye Bank Plc is planning to raise about $150million in Tier Two Capital (Bonds or Preference Shares or Mezzanine Finance) to...


Company Watch: UPDC Plc Commences Construction Of Festival Mall In Festac

Company Watch: UPDC Plc Commences Construction Of Festival Mall In Festac

    UACN Property Development Company (UPDC) has commenced the construction of a N5billion Mall that will be located on an expanse of land...


Know Your Rights==>> Union Bank Ordered To Refund N36Million In Fraudulent Deductions

Know Your Rights==>> Union Bank Ordered To Refund N36Million In Fraudulent Deductions

  If he can do it then you can….. “Union Bank has been ordered to repay a N34 million illegal deduction from a customer’s account....


Guinness Ads now back on TV following remorse…but when was it banned??

Guinness Ads now back on TV following remorse…but when was it banned??

  If you recall last season, we were very much awash with Guinness Ads as they were the major sponsors of the premier league...


Quoted Company Watch: Chellarams Plc Introduces New Product But Will It Improve Bottom Line?

Quoted Company Watch: Chellarams Plc Introduces New Product But Will It Improve Bottom Line?

Chellarams Plc has introduced to the market a new beverage, Real Activ malted food drink. The 18-gramme powdery sachet product is manufactured and distributed across...


Ugometrics blog get official twitter handle @ugometricsblog

Ugometrics blog get official twitter handle @ugometricsblog

Ugometrics blog has for the last 18months been providing readers with quality personal finance tips, business news, investment tips and analysis of quoted companies...


UACN Concludes Transaction For Sa Firm To Acquire 49% Equity Stake

UACN Concludes Transaction For Sa Firm To Acquire 49% Equity Stake

  The NSE confirms that “UAC of Nigeria Plc (‘UACN’) and Imperial Holdings Ltd, South Africa (‘imperial’) through its subsidiary, Imperial Mobility International B.V....


Two Nigerian Firms Approved To Print Cheques And One Is A Quoted Company

Pursuant to the CBN local content policy they have selected to Nigerian companies who have the mandate to print cheques in Nigeria. They are...


Dangote Sugar Reduced Sugar Prices By 25% In December 2012 Yet Volume Increased In Q1 2013

Dangote Sugar Reduced Sugar Prices By 25% In December 2012 Yet Volume Increased In Q1 2013

  When I reviewed Dangote Sugar Q1, 2013 I mentioned that the revenue was flat. However, the MD on a recent ABN Digital interview...


Nestle Confirms N18.5 Per Share Final Dividend Payment For 2012 FY

Nestle Confirms N18.5 Per Share Final Dividend Payment For 2012 FY

Nestle Plc shareholders have approved a dividend of N18.5 per share following the release of their 2012 audited accounts. They company had paid N1.5...


Food Concepts (Chicken Republic) Set To Allot 86.6m Ordinary Shares To IFC

Food Concepts (Chicken Republic) Set To Allot 86.6m Ordinary Shares To IFC

  Food Concepts the owners of Chicken Republic announced in the papers today that they will be having an Annual General Meeting (AGM) on...


Top Ten Potential Ipo’s I Want To See In Nigeria

Top Ten Potential Ipo’s I Want To See In Nigeria

  Most advanced economies have as their backbone great businesses that have become part and parcel of the heritage of the country and one...


Samsung Buys Stake In Sharp

Samsung Buys Stake In Sharp

The Financial Times reports Samsung is buying a 3% stake in Sharp for a sum of about $107million (Y10billion). Sharp supplies Samsung with panels...


Do You Own Transcorp Shares? Then Get Ready For A Rights Issue

Do You Own Transcorp Shares? Then Get Ready For A Rights Issue

  The Transnational Corporation of Nigeria, Transcorp, announced today that it plans to increase its authorized share capital from N18billion to N22.5billion. It also...


Hyundai Stops The Production Of Veracruz

Hyundai Stops The Production Of Veracruz

For lovers of Hyundai, the Korean Car company has decided to stop the production of the Hyundai Veracruz line. They sight the boom in...


Airtel Yet To Break Even After 12 Years?

Airtel Yet To Break Even After 12 Years?

Bharti Airtel, the operators of Airtel in Nigeria and much of Africa expects to break-even this year according to their estimates. The company has...


Jos Breweries Gets N700M Bailout From State Government

Jos Breweries Gets N700M Bailout From State Government

Leadership Newspapers reports the Plateau State Government has repaid about N700million debt owed by Jos Breweries. The Debt which was renegotiated from about N1.3billion...


PPMC Makes Loss Of N687.1Billion In 2012

PPMC Makes Loss Of N687.1Billion In 2012

According to Newspaper reports, the Petroleum and Product Marketing Company (PPMC) made a loss of N687billion in the financial year ended December 2012. They...


AMCON REPORTS N2.37 TRILLION LOSS

The Chief Executive Officer of the Asset Management Company of Nigeria (AMCON), Mustapha Chike-Obi AMCON bought bad loans worth N4 trillion “with the acquisition...


South African Company Buys N63Billion Stake In Mtn Nigeria

South African Company Buys N63Billion Stake In Mtn Nigeria

  Reports indicate Shanduka Group, a South African Company, invest R2.96million or N63billion in MTN Nigeria. MTN Nigeria like we all know is a...