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Corporate Press Releases

Dividends, Results, Press Releases from Nigerian corporates

AMCON clears the air On Nwankwo Kanu’s claims on Hardley Apartments Hotel

The attention of Asset Management Corporation of Nigeria (AMCON) has been drawn to some inaccurate stories that are sponsored on some online publications regarding the...

Nigeria issues the income tax (country-by-country reporting) regulations 2018

Nigeria has issued the Income Tax (Country-by-Country Reporting) Regulations 2018 (the CbCR Regulations). The Regulations are part of the implementation plans under Action 13...

AMCON donation to IDPs wins USAID-ECR award

Asset Management Corporation of Nigeria (AMCON) during the week received yet another award in Maiduguri, the Borno State capital from USAID-Nigeria Education Crisis Response...

Dangote contracts Mammoet to provide heavy lifting & transport solutions for refinery

During a signing ceremony in Lagos on Tuesday, January 16, the Dangote Group of Companies and Mammoet signed the contract for this ambitious project....

Is there really a statute of limitation in the Nigerian tax system?

Statutes of limitations are provisions within laws which set the maximum time after an event within which legal proceedings may be initiated. The statute...

Phase3 does not owe FG N27.2bn over fibre optic agreement

Independent fibre optic infrastructure and telecommunications services provider - Phase3 Telecom has firmly refuted wrong allegations that it and Alheri Engineering limited owe Federal...

Akinwunmi Adesina receives highest honour of the Republic of Liberia

President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, on Monday, January 15, received the Order of the Star of Africa with...

Nigerian Stock Exchange Appoints Tinuade Awe to Executive Director, Regulation

The Nigerian Stock Exchange (“Exchange” or “NSE”) announced today the promotion of Ms Tinuade Awe to Executive Director, Regulation with effect from 1 January,...

Sun Trust Bank announces new Board Chairman

The Board of SunTrust Bank Nigeria Limited (SunTrust Bank) has announced the appointment of Mr. Jibril J. Aku as Chairman of the bank succeeding...

Affleka ups buy out offer for 7-UP Plc minority shares to N125

In a notice sent to the Nigerian Stock Exchange (NSE) today, Affelka SA the majority shareholder in 7-UP Plc has revised its offer for...

Felix Ohiwerei to step down from E tranzact International Plc

In a notice to the Nigerian Stock Exchange (NSE) today,  Etranzact International has announced the intention of its chairman Felix Ohiwerei to resign from...

Union Bank boasts its rights issue recorded over 120% subscription

Lagos, Nigeria– Union Bank of Nigeria Plc. (Union Bank), one of Nigeria’s long-standing and most respected financial institutions announced that the Bank successfully raised...

Violation of payment system rules: CBN vows to sanction erring financial institutions

The Central Bank of Nigeria (CBN) has threatened to impose N10,000 daily fine on banks and other electronic payment service providers that fail to...

5by20 Initiative: Coca-Cola empowers 50 internally displaced women.

Coca-Cola Nigeria has announced a micro business empowerment scheme for over 50 internally displaced women. The project was part of the company's  "5by20 Women Economic...

BUA Group alleges Edo State Governor ordered the arrest of two of its staff

In a press release issued recently, BUA group has alleged that the Edo State Governor Godwin Obaseki ordered the arrest of two of its...

Oando missing as NSE reviews composition of market indices

The Nigerian Stock Exchange, NSE, has announced the review of the NSE-30 and the seven sectoral indices effective January 1, 2018. Mr Olumide Orojimi, Head,...

Yomi Onifade, appointed Executive Director AXA Mansard

In a notice sent to the Nigerian Stock Exchange today, the Board of Directors of AXA Mansard Insurance Plc has unanimously approved the appointment...

Nigerian Stock Exchange releases draft rules for Derivatives market

The Nigerian Stock Exchange, in line with its strategic objective to increase the number of asset classes traded on its platform, is working on...

Bharti Airtel signs agreement to acquire Millicom’s operations in Rwanda  

Bharti Airtel Limited (“Airtel”), a leading global telecommunications services provider with operations in 17 countries across Asia and Africa, today said that, through its...

Sahara Group commissions 36 million litres petroleum storage facility in Tanzania

A strategic hub for facilitating the distribution of petroleum products within Tanzania and other East African nations has emerged with the commissioning of a...

Court frees Aiteo Boss Benedict Peters of money laundering charges

A Federal High Court sitting in Abuja has declared Benedict Peters, founder of Aiteo Energy Resources innocent of money laundering charges. Peters, had previously...

GE encourages Africa, China cooperation at Belt and Road Forum in Beijing

This year marked the fourth consecutive year of the China For The World Belt and Road Forum, which is an annual summit co-hosted by...

Oando Plc states willingness to cooperate with the SEC over forensic audit

Oando Plc in a statement released to the Nigerian Stock Exchange (NSE) today, expressed willingness to cooperate with the Securities and Exchange Commission (SEC)...

General Electric’s views on the “Future of Work in Nigeria”

General Electric (GE) (www.GE.com), Nigeria, today released a whitepaper titled "The Future of Work in Nigeria. Bridging the Skills Gap: The Key to Unlocking...

Lagos Innovates: LSETF launches coworking hubs, loans for startups

The Lagos State Employment Trust Fund, LSETF, yesterday announced “Lagos Innovates”, a series of programs designed for the benefit of technology- and innovation-driven startups...

Nigerian Breweries makes management changes

In a notice, sent to the Nigerian stock Exchange (NSE) today, Nigerian Breweries announced the following board changes: Johan A. Deyer Mr Johan A . Doyer...

MainOne, Tizeti partner with Facebook to improve internet connectivity in Lagos

MainOne (www.MainOne.net) and Tizeti (www.Tizeti.com) today announced the completion of a joint development project with Facebook (www.Facebook.com) to enable the expansion of internet services...

Aliko Dangote on the Nasdaq Tower in Times Square, New York

Aliko Dangote is the only African on the Bloomberg 50 list of this year's most influential people. A photo of Aliko Dangote was displayed on...

Aiteo Group & Benedict Peters announce appointment of Nigerian legal team

Further to his recent announcement engaging international law firms to lead the global effort to address legal and political-based issues, the Aiteo Group (www.AiteoGroup.com)...

List of Dividends announced so far in 2017 (Updated December 6, 2017)

As audited accounts start to trickle in companies will propose dividend payments to their shareholders as recommended by their respective board of directors. It...