GENCOS, Electricity, Power plant

Gencos threaten to shut down power plants

Power plants in Nigeria will be shut-down if the Federal Government doesn't address the challenges.
Femi Otedola to purchase forte oil assets

Femi Otedola considering purchase of assets from Forte Oil

Forte Oil Plc, in a notice sent to the Nigerian Stock Exchange, has announced its intentions to hold an Extra Ordinary General Meeting (EGM)...
NSE's Oscar Onyema gives projections for 2019 while reviewing 2018

NSE’s Oscar Onyema gives projections for 2019 while reviewing 2018

The CEO the NSE, Oscar Onyema, yesterday projected that uncertainty in crude prices and Nigeria's elections will define investors' sentiments in early 2019.
CMB economic outlook for 2019, Nigerian Pension Fund, Non-Performing Loans, Inflation, Unemployment, CBN, Naira

Banks to experience low interest income in 2019

CMB was founded in 1993 as Associated Discount House Limited.
Access Bank USSD code, Access Bank expansion

Access Bank to expand to 3 African countries this year

Access Bank plans to embark on a continental expansion.
C&I Leasing Plc, Nigerian Stock Exchange, NSE, Suspension

NSE lifts suspension on C&I Leasing shares

The full suspension placed on trading in shares of C&I Leasing have been lifted after completion of its shares consolidation exercise.
Wapic Insurance, Ombudsman, complaint

Wapic Insurance launches ombudsman

An ombudsman desk has been established by Wapic Insurance Plc. in a bid to improve customers' experience pertaining to insurance. During the inauguration in Lagos...
DAAR Awards 2019

DAAR Communication Plc recognises key industry players at her 3rd DAAR Awards

DAAR Communications Plc, an independent privately-owned broadcasting organization in Nigeria sets to recognize notable Nigerians who have pioneered excellence in their various industries for...
Diamond Bank, Access Bank, Consolidation, Merger

Access/Diamond merger: No plans to close any branch

Access Bank and Diamond Bank, yesterday, gave an update in its merger plans.
Free float deficient companies

These companies’ shares are below listing standard according to NSE

The NSE disclosed over the weekend that eighteen companies' shares are below listing standard due to deficiency in their free floats.
NSE glitch, Nigerian stock exchange - nairametrics

NSE extends trading hours after 4 hour glitch

The Nigerian Stock Exchange (NSE) today encountered a technical glitch which impacted trading activities for about four hours. The bourse disclosed this in a notice...
Meyer Plc reacts to publications about FIRS' shut down of its premises

Meyer Plc reacts to publications about FIRS’ shut down of its premises

Meyer Plc has issued a statement in response to last week's media publications about the shut down of its factory by the Federal Inland Revenue Service. .
Dangote's Fluid catalytic cracking equipment - Dangote refinery

Dangote Refinery begins installation of a major refinery equipment

The Fluid Catalytic Cracking equipment for Dangote Oil Refinery Company Limited has arrived Lagos and ready for installation. 
Teleology, 9mobile IoT service, 9mobile crisis,

NCC steps into 9mobile’s ongoing tussle

NCC has intervened in the current crisis at 9mobile.
First Bank MD's thoughts on the Access/Diamond Merger

First Bank MD’s thoughts on the Access/Diamond Merger

Managing Director/CEO of First Bank of Nigeria Adesola Adeduntan sees the merger plans between Access Bank and Diamond Bank Plc as a welcome development. The...
VFD mulls banking license, seeks to raise additional capital

VFD Group’s capital raise oversubscribed

VFD Group has raised the sum of  N2.78 billion has from a rights issue and private placement exercise. The company disclosed this in a press...
FirstBank e-channel, Microsoft 4Afrika

How FirstBank Is Making Customers Stay-Connected Through Its e-Channels

It was not difficult for Folarin to decide he would open his corporate account with FirstBank when he started his business a few years ago.

These companies have been shut down by FIRS for owing taxes

Nine companies in Lagos were earlier this week shut down by Nigeria's Federal Inland Revenue Service (FIRS) for owing taxes to the tune of N199.4 million.

How NNPC intends to lower the price of cooking gas

NNPC seeks penetration of cooking gas in Nigeria's domestic market
MTN, Disney - MTN court case

MTN withdraws court case filed against CBN

MTN Nigeria Communications Limited, through its lawyer, Chief Wole Olanipekun (SAN) has confirmed an out-of-court settlement of the $8.1 billion repatriation allegation with the...

9Mobile issues press release stating reasons for Adrian Wood’s exit

In a press release issued today, 9Mobile which was recently acquired by Teleology Nigeria has shed more light on the circumstances, that led to...

DEAL: Abraaj takes up majority stake in C and I Leasing Plc

C and I Leasing Plc, in a recent notice sent to the Nigerian Stock Exchange,  has announced ABRAAJ - managers of the Aureos Africa...
Cellulant's value hits $105m after Rise Fund deal

Cellulant’s value hits $105m after Rise Fund deal

Kenyan-based fintech, Cellulant, is now valued at $105 million, following the recent sale of some 44.4% stake in the company to TPG's Rise Fund.
MRS Oil Nigeria Plc announces resignation of MD

MRS Oil Nigeria Plc announces resignation of MD

The Board and Management of Mrs Oil Nigeria Plc, have approved the resignation of Andrew Gbodume as Managing Director/ Chief Executive Officer of the Company...

FMDQ CEO outlines its plans for 2019

FMDQ Chief Executive Officer Bola Onadele Koko in an interview with Arise Television gave his outlook for 2019, as well as markets the exchange intends developing...
CCNN/ Kalambaina Cement merger - Nigeria stock excahnge

Abdul Samad Rabiu rings closing bell at NSE to commemorate successful CCNN/BUA Kalambaina Merger...

Abdul Samad Rabiu rang the closing gong of The NSE to mark the end of trading on Wednesday and the completicompletion the CCNN/Kalambaina Cement Merger.
NEM Insurance, NSE

Reasons VFD and others exited NEM Insurance Plc

VFD Group, alongside Eaton Acquisition Limited, Three Seas Investment and Premium Green Limited have exited NEM Insurance Plc. Sources familiar with the transaction disclosed this to Nairametrics. A combined...
Okpara - This is how Bazz Tomatoes founder lost over $100,000

This is how Bazz Tomatoes founder lost over $100,000

Nigerian business owner, Basil Okpara may have at a time recorded failure in his businesses but didn't fail to learn from his mistakes. The founder...
Keystone Bank

Keystone Bank launches zero data mobile app for customers

Keystone Bank out with new mobile app
Access Bank USSD code, Access Bank expansion

Why Access Bank’s customers are enraged on Twitter

Many customers of Access Bank Plc have taken to Twitter to vent their anger over the tier-1 bank's alleged "criminality".