Court case between Oando and SECOando share price, SEC suspends Oando's AGM, Oando respond to SEC's AGM suspension, SEC explains decision on Oando, says investigation follows due process

Judge adjourns case between Oando and SEC; sets new date

The Federal High Court has adjourned the case between @Oando_PLC Group Chief Executive, Adewale Tinubu, Deputy Group Chief Executive, Omamofe Boyo and @SECNigeria.
MULTICHOICE DSTV

FG stands up for customers, orders Multichoice to compensate for service disruptions

Federal Competition and Consumer Protection Commission (FCCPC) urges Multichoice, the South African-owned firm and owners of @DStv @DStvNg to consider its demands for compensation.
Foreign Direct Investment

How FG’s dispute with MTN caused Nigeria to lose 43% of its FDI in...

A United Nations' report detailing the state of global Foreign Direct Investment (FDI) in 2018, has shown that Nigeria lost as much as 43% of its FDI in 2018.
Fidelity Bank Plc to become Tier-1 bank, Fidelity Bank five year plan, Fidelity mobile money transfer

Fidelity Bank and NIPOST to extend financial inclusion to rural areas

Fidelity Bank Plc has collaborated with the Nigerian Postal Service (NIPOST) to launch 266 agency banking centres across Nigeria.
Africa Development Bank

Nigeria to benefit from AfDB’s 3.2 million Swiss francs

Nigeria is among the countries that will benefit from the 3.2 million Swiss francs that was recently donated to the African Development Bank (AfDB) by the State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO).
The CBN Building, Abuja - capital inflows

CBN to commence disbursement of N500 million fund to creative sector

The Central Bank of Nigeria's Bankers Committee is now ready to begin paying out the N500 million loans to creative industry SMEs under the Creative Industry Financing Initiative.
Treasury Bills

A Quiet Trading Session as Primary Market T-Bills Auction Takes Centre Stage

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds. This is brought to you by Zedcrest.
Tax Waivers for startups

This WorldRemit’s product is a go for SME business owners

In a bid to make international business payments faster and easier, digital money transfer company, WorldRemit, has launched WorldRemit for Business.
MEST Africa Summit, Microsoft credit

Three African Startups win $75,000 from Microsoft and MEST Africa

Three African Startups have won $75,000 at the just concluded MEST Africa Summit in Kenya. The event was meant to have one winner, but organisers chose to award the three finalists of the MEST Africa Challenge.
Nigerian Stock Exchange

Nigeria Stock Market ASI goes south after Democracy Day

A day of after Democracy day celebration, the @nsenigeria closed south, dropping by 0.23%.
Canadian Permanent Residency

Canada resumes bi-weekly draws, invites 6,700 PR candidates in one month

The Canada government has resumed the bi-weekly Canadian Permanent Residency draws, as it invited 6,700 candidates to apply for Canadian permanent residence in just one month. 
TrukrTech emerges winner at TechCircle’s 2019 Pitch2Win competition

TrukrTech emerges winner at TechCircle’s 2019 Pitch2Win competition

Ghanaian startup, Trukrtech, has emerged the winner of TechCircle’s Pitch2Win competition, 2019. As a result, the company received equity-free funding valued at N1 million.
FG ban car importation through land border, FG lift car importation ban on land border

FG to lift ban on land border importation of cars; but there’s a caveat

Two years after placing a ban on the importation of vehicles through land borders, the Federal Government has announced a plan to lift the ban.
Extramile Africa to drive financial inclusion with N4 million soft loans

Extramile Africa to drive financial inclusion with N4 million soft loans

Fintech firm, Extramile Africa, has offered N4 million worth of soft loans to drive financial inclusion and social empowerment for Micro, Small and Medium Enterprises (MSMEs).
Democracy Day

Dangote, Otedola, and Elumelu on a bromance mission at the Eagles Square

As Nigerians gathered at the Eagle Square, yesterday, for the celebration of the country's Democracy Day, our attention was on the notable businessmen in attendance.

Court says Oando’s CEO can now file for judicial review of SEC’s sanction

Justice Ayokunle Faji of the Federal High Court in Lagos, has granted the Group Chief Executive Officer of Oando Plc, Mr Wale Tinubu, and his deputy, Mr Omamofe Boyo, the right to file for a judicial review of the punishments that were meted out against them by the Securities and Exchange Commission (SEC).
Taxify - Bolt

Is this the new way Bolt (Taxify) drivers rip-off their customers?

A Bolt customer recently cried out on social media after one of the companies drivers overbilled her the sum of N12,200 for a trip that was supposed to cost N800.
Oando Plc

Oando’s shareholders are enraged at SEC for suspending AGM

Oando Plc's shareholders have berated the Securities and Exchange Commission (SEC), for the cancellation of the company's 42nd Annual General Meeting (AGM) barely 24 hours to the meeting.
Wapic to raise N15 billion share capital ahead of NAICOM's deadline

Wapic to raise N15 billion share capital ahead of NAICOM’s deadline

Wapic Insurance Plc has secured the approval of its shareholders to raise the company's authorised share capital from N8.5 billion to N15 billion.
Union Bank shareholders endorse N54.4bn balance sheet reduction

Union Bank’s shareholders endorse N54.4 billion balance sheet reduction

Shareholders of Union Bank Plc, have unanimously approved the proposed reduction of N54.4 billion from the bank’s share premium account.
Air Peace

Air Peace describes investigation on its aircraft as a “witch-hunt”

Air Peace has described the Investigation Bureau's allegations on its operations as a "witch hunt", which was not issued in good faith. The Airline also stated that the statement which emanated from the investigation Bureau was a misrepresentation of facts concerning several incidents cited.
FGN Bonds, 2019 FGN Savings Bond, Debt Management Office

DMO is offering FGN Savings Bond for June 2019; this what you can get

@DMONigeria has released details for the June 2019 FGN Savings Bond offer and this is what you can get if you subscribe.
Treasury Bills

This is what you get if you bid for the first CBN T-Bills auction...

@centbank will be having its first Treasury Bills #PMA for the month of June 2019 and this is how you can participate.
Africa Development Bank

Nigeria spends 50% of its revenue on debt servicing — AfDB

The African Development Bank (AfDB) has revealed that Nigeria spends more than 50 percent of its revenue on debt servicing. This was disclosed at the on going annual general meeting of AfDB in Malabo, Equatorial Guinea.
Gokada to launch new boat ride

GoKada to add luxury yacht service to its operations

Nigerian on-demand transportation company, Gokada, recently added luxury yacht service to its services.
Assa North and Ohaji South, Seplat at the London Stock Exchange, ANOH Gas Processing, Seplat denies owing FG, Seplat Petroleum pays N10.6bn dividend for FY 2018, Presidential Panel investigate Seplat and NPDC, Seplat short-change FG, Seplat Petroleum Development Company

Seplat and Investors to discuss Imo State’s gas field at London Stock Exchange

@seplatpetroleum will hold talks with members of the capital market community at the @LSEGplc. The management of Seplat will discuss with investors and analysts regarding the gas fields in Imo State.
Treasury Bills

Daily updates on bonds, treasury bills, forex, and oil price

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds. This is brought to you by Zedcrest.
Court case between Oando and SECOando share price, SEC suspends Oando's AGM, Oando respond to SEC's AGM suspension, SEC explains decision on Oando, says investigation follows due process

Oando Plc to defy SEC’s order which suspended AGM till further notice

Oando Plc has disagreed with SEC to cancel its 42nd Annual General Meeting, as it promises to schedule another date to hold the AGM.
Air Peace

Investigation exposes how Air Peace allegedly shields its aircraft from probe

The Accident Investigation Bureau (AIB) has accused Air Peace of committing several safety infractions due to its persistent failure to report serious accidents and incidents involving its aircraft in the Nigerian Airspace.
TRade

A look at Nigeria’s top ten exports in the first quarter of 2019

According to a recent data released by the National Bureau of Statistics (NBS), Nigeria's total trade grew by 2.5% in the first quarter of 2019, and 7.5% relative on a year on year basis, with exports valued at N4.5 trillion.

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Rubies Bank

Rubies Bank – The Future is here

Rubies is a fully digital banking platform, offering zero fee banking targeted at millennials, young professionals, SMEs, quasi-financial institutions and FINTECH companies.
Should Gokada and Max.ng be afraid of ORide?

Should Gokada and Max.ng be afraid of ORide?

ORide is fast penetrating the market by leveraging on the N100 bonus offer to any destination of any distance within Lagos. This move has attracted the competitors’ customers, at least if not for anything, till the promo offer ends. 
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Airtel eyes a £3.6 billion IPO valuation on the LSE and NSE

Airtel Africa Limited has declared its intentions to float his shares simultaneously on the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE)