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...
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...
FirstGem is One! Positioning for Business and Financial Success
Something is brewing ladies! As we move into the new year, it is time to challenge you into taking long elegant strides toward persona...
Transcorp Hilton Abuja wins double 2017 World Luxury Hotel Awards
Nigeria’s Landmark hotel, Transcorp Hilton Abuja, has emerged the winner of two 2017 World Luxury Hotel Awards in the Best Luxury Contemporary Hotel (Nigeria) and Best...
Controversy as Adeosun suspends Mounir Gwarzo, others
The Minister of Finance, Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission (SEC), Mr Mounir Gwarzo.
In a statement signed by...