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Corporate Press Releases

Dividends, Results, Press Releases from Nigerian corporates

Ambode

150 LSETF Trainees get instant employment

About 150 trainee graduates of the Lagos State Employment Trust Fund (LSETF) skills acquisition scheme under the Lagos State Employability Support Project (LSESP) organized...
Transcorp hotel

Olorogun O’tega Emerhor retires as Transcorp Hotels Chairman

Transcorp Hotel Plc has announced the retirement of its chairman and non-executive Director Olorogun O'tega Emerhor. In a statement by the company, it also...

ALAT by Wema Launches Quick Loans and Virtual Dollar Card

ALAT, Nigeria's only fully digital bank, has released two exciting new features: quick short-term loans and a virtual dollar card for paying online internationally. ALAT...

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...

Dangote inaugurates 16MT rice mill in Jigawa State

The Dangote Rice Outgrower Scheme in Jigawa State reached a turning point yesterday when the President of Dangote Group, Aliko Dangote laid a foundation...

Dangote to create 100,000 jobs with sugar projects

Dangote Foods, comprising of Dangote Flour Mills, Dangote Sugar Refinery and NASCON Allied Industries recently rewarded a total of 77 customers who distinguished themselves...

House Committee On Banking and Currency Pays Surprise Visit To Arik Air

The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri has commended the present management of Arik Air...

AMCON Takes Over Osigwe Foods and an Ikeja GRA residence

Hon. Justice Saliu Saidu of the Federal High Court Lagos Division has granted an injunction against Osigwe Foods and Agro-Industrial Company Limited, owned by...

Dangote gives an update on Apapa Port road reconstruction

President of Dangote Group, Aliko Dangote has assured that the Apapa Port Wharf concrete road currently under construction by his company, AG Dangote would...

With 1 million downloads in a month, Opera News is the top news app...

Opera News, the standalone news app developed by Opera, has broken the 1 million download milestone in less than four weeks since its release....

A new year’s message from Africa Finance Corporation

2017 saw an improved economic performance by the African continent compared with 2016, a trend we expect to continue into 2018. That being said,...

Plaqad names Gbenga Sogbaike as CEO, following Time& Ink merger

Plaqad, a social network connecting brands and individuals to bloggers, news websites, publishers and social influencers (micro-bloggers), today announced that its Board of Directors...

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...

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....

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...
OSCAR ONYEMA

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...