Company News
All the latest Nigerian company news, market intelligence and analysis
Hyundai to invest $87 billion into producing 44 new electric vehicles
Hyundai Motor Group has disclosed its plans to invest $87 billion in the production of electric vehicles and autonomous driving.
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CHI receives NAICOM’s approval to establish micro insurance
Consolidated Hallmark Insurance has taken steps to increase its footprint in the insurance market in Nigeria after it received a...
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Promotions, lay-offs as UBA effects corporate right sizing
One of Nigeria's largest banks and largest by employees, United Bank of Africa has reportedly laid off several of its...
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UBA Recruits 4000 New Staff, Promotes Over 5,000 Staff members; increases Salaries Up to 170%.
Lagos, Nigeria, January 06, 2020: Over 5,000 staff of the United Bank for Africa (UBA) Plc, started the new year...
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MTN sells assets worth R14 billion in 2019
MTN has announced the sale of R14 billion worth of assets in 2019, as asset sales are expected to be...
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Lekoil secures $184m funding to finance OPL 310 drilling
Lekoil 310 Limited, has secured $184 million funding to finance the drilling and all initial development plans on the Ogo...
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Paga records over $2 billion worth of transactions in 2019
The founder and CEO of Paga, Tayo Oviosu, has disclosed that the mobile payment company recorded over $2 billion worth of...
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Chevron crisis deepens as NUPENG issues new threat
NUPENG has threatened to take action against Chevron Nigeria Limited after the oil and gas company sacked some workers.
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Chelsea FC posts N46.42 billion loss in 2019
Chelsea FC announced on New Year’s Eve that the Group recorded a loss of £96.6 million (N46.42 billion) for the...
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NSE lifts suspension on Omatek Ventures’ shares
Omatek Ventures Plc has taken the required steps to unsuspend its shares on the Nigerian Stock Exchange (NSE).
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