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Deal: Helios Buys 49% of Oando Gas and Power for $115.8 Million

Oando Plc sells 49% voting rights of Oando Gas and Power to Helios Investment for $115.8 million.

DEAL: Former Barclays Bank CEO, Bob Diamond, Increases Its Stake In Union Bank To...

Atlas Mara, the African investment vehicle of former Barclays boss Bob Diamond, said it had increased its stake in Union Bank of Nigeria to...

[ BRACE UP] Udo Udoma Says Tough Times Are Ahead For Nigerians

Minister of Budget and National Planning, Senator Udo Udoma, has sent warning signals to Nigerians to brace up for tough times ahead because of the...

FG to inject funds into airports upgrade

Federal Government is set to inject funds to upgrade airports nationwide.
Presco Plc Oil Production

Presco ticks box on major plan to check competition

Presco Plc is committed to its investment efforts which are aimed at boosting profitability and ensuring increased returns to their stakeholders. The oil palm production...

Reasons For 145 Textiles Companies Closure Since 1980-Minister

Minister of State for Industry, Trade and Investment, Aisha Abubakar this week revealed that 145 textile companies had gone moribund between 1980 and this...

Multiple ID registration may be over soon

The era of multiple ID registration may be over as the Nigerian Identity Management Commission (NIMC) has been mandated to harmonize all ID databases...

Arik Air takeover: Ethiopian Airline ends talk with Nigeria

Ethiopian Airlines has announced that it has stopped further negotiations with Nigeria Government  through Asset Management Corporation of Nigeria to manage Arik Air. The Government...

NNPC Expects 20% Petrol Supply From Home-Based Refineries

The Nigeria National Petroleum Corporation, NNPC, is optimistic that its local refineries can cover 20 per cent of domestic product needs...

Here is What This Foreign Investor Thinks about The Nigerian Economy and The Naira

What do foreign investors really think of the Nigerian economy, and the Naira Situation? In a recent interview, this is what the director of capital...

[BOOM] Judge Restraints FRCN From ‘Obstructing Stanbic Operations’

The controversial suspension of two directors of Stanbic IBTC by the Financial Reporting Council (FRCN) took another turn yesterday as the Federal High Court...

A Nigerian Oil Company Plans To Sack 700 Workers

Shoreline Group, a Nigerian owned upstream oil producer is reported to be planning to sack about 700 of its employees. The company led by business...

Actis Just Divested From Diamond Bank. This Is The Press Release

Here is Diamond Bank press release in the Nigerian Stock Exchange. Diamond Bank Plc (“Diamond Bank” or the “Bank”) notified The Exchange that Kunoch Holdings...

Arik Resumes Operations Less Than 24 Hours After Suspending Flights

Arik Air resumed operations yesterday morning, just hours after it announced suspension of its flights due to delays in finalizing its insurance approval.

Crony Capitalism: Is Erisco Foods Overly Dependent On Government?

Nairametrics| The ban on import of tomato paste and increase in tariff for tomato concentrate has started yielding positive benefit as Erisco foods has...

Real Estate Weekly: FG & NMRC signs deal to provide 30,000 housing units to...

Here is our weekly roundup of top real estate stories as curated by our research team. This compilation is updated weekly.  ...

Volkswagen expects higher sales in Rwanda than Nigeria

Automaker Volkswagen has set a target of 2000 cars a year for its Rwandan factory. The company's head of South African operations Tom Schaefer...

OFFICIAL – ERNEST NDUKWE JOINS ACCESS BANK BOARD

According to Thisday, Ernest Ndukwe has just joined the board od Access Bank Plc as a Non-Executive Director. Ernest Ndukwe if you recall was...

ALERT: GlaxoSmithKline Nigeria Plc Release 2016 Third Quarter Earnings

GSK Nigeria Plc released its 2016 result for the nine months ended 30 September 2016 ; See below     GlaxoSmithKline Nigeria Plc2016 Quarter Three Results GSK Nigeria  Plc 2016...

Acting President Osinbanjo swaps Pencom and BOI appointments

Perhaps in response to the controversy that arose from the nomination of Abdulrahman Dikko as the Director General of the National Pension Commission (PENCOM),...

Oil drops below $80, contradicting initial forecasts

Crude oil prices have declined, currently trading below $80 per barrel.

Edmark Group Diversifies Into Real Estate

Edmark Group has ventured into real estate in an attempt to further diversify its operations and provide business opportunities for Nigerians.

This Nigerian Tops The List As The Next OPEC Secretary- General

Mohammed Barkindo is likely to be chosen as the next Secretary-General of the Organization of Petroleum Exporting Countries (OPEC). Barkindo was Group Managing Director (GMD)...

This Nigerian Firm Will Build A $250m Refinery On The Coast Of Lagos

Integrated Oil & Gas Ltd. a privately owned indigenous company, which deals in the provision of refined petroluem products, plans to build a 20,000...
CBN Gov Godiwn Emefiele

CBN to use BVN to prevent debtors from accessing new loans

Debtors in the Nigerian financial space may have to tighten their belts soon, as the Central Bank of Nigeria (CBN) has concluded plans to...
Stanbic-IBTC1

Why Stanbic IBTC Is Going Into Insurance Brokerage

Nairametrics| At a press briefing held in Lagos, newly established member of the Stanbic IBTC Group, stated it intentions to become one of the...

Alert: Dangote Cement Plc Release 2016 Third Quarter Earnings

Dangote Cement Plc Release 2016 Third Quarter Earnings ; See below   Dangote Cement Plc Q3 Results Dangote Cement Plc 2016 Q3 2015 Q3 %age Change N'm N'm Revenue          442,092          365,450 21% Pre-tax profits 148,716          166,914 -11% Profit...

Dangote donates ₦1.2 billion Business School to Bayero University, Kano

The business educational development of Northern Nigeria took a new turn at the weekend when the renowned businessman, Aliko DANGOTE donated a N1.2 billion...

Light Rail Project: UK Will Assist Lagos

A team  of London business delegation is currently visiting Lagos State. A major concern of their visit is the Lagos Rail...
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