Companies

All the latest Nigerian company news, market intelligence and analysis

Here is the latest on the bidding for 9Mobile

Unconfirmed reports by the Cable newspapers have suggested that Airtel did not submit a final bid for 9Mobile. This implies that the company may...

These fast food chains will make even more money in 2018

The fast food value chain recorded an impressive performance despite the economic recession of 2016 and early 2017. The growth recorded is not unconnected...

Partech Ventures launches $120 million fund for African Startups

Partech Ventures has launched its Partech Africa fund, which has secured above €57M (US$70M) commitments toward its target size of €100M ($120M), making it...

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....

Access bank grants male staff paternity leave

Tier one lender, Access Bank Plc has announced a change in its human resources policy for its staff. Men whose wives have given birth...

Jumia goes tough on its vendors

E commerce giant Jumia, has rolled out new standards vendors on its platform are expected to adhere to.  Chief Executive Officer (CEO) of the company,...

These Nigerian banks have been listed for African awards

Nominees have been announced for the Banks of Africa Advertising Awards billed for February 23 at the Johannesburg Stock Exchange, South Africa. This year’s event...

Ecobank Nigeria revises dollar limits for Naira

Tier two lender Ecobank Nigeria has increased the maximum daily limit of its Naira debit cards abroad, depending on the type of card held...

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...

Atlas Mara ups stake in Union Bank to 48%

Africa focused investment bank, Atlas Mara has upped its stake in tier two lender Union Bank to 48%. Prior to the rights issue, Atlas...

Dispute Resolution: Access Bank upgrades ombudsman for better performance

In line with its reputation for adopting best practices in all facets of its operation Access Bank has announced the upgrade of its customers...

SABMiller,19 other companies to lead $10billion investment drive in Ogun

SABMiller has announced a fresh investments worth over $10 billion expected to be completed in Ogun state this year. This will see the brewing company lead...

This Russian oil giant is eyeing Nigerian oil assets

Russian oil giant Lukoil has opened preliminary talks with Brazilian state owned oil giant Petrobras regarding a purchase of its assets in Nigeria.  Petrobras...

Nigerian airlines should patronise Aero MRO facility -AMCON

The Managing Director/Chief Executive Officer of Asset Management Corporation of Niger (AMCON), Mr. Ahmed Kuru has called on aviation industry practitioners to patronise  Aero...

Corporate News roundup for the week ended January 13, 2018

This Corporate News Compilation for the week ended January 13th, 2018 is brought to you by Bluechip Technology Ltd Nigeria. A new...

United Capital to challenge court ruling declaring 9Mobile board void

Reports by Thisday suggest that United Capital Trustees, the receiver manager for 9Mobile, will challenge a court ruling issued last week declaring the interim...

Explained: Why Swipha shut down its operations

The management of Swiss Pharma (Swipha) Nigeria Limited has explained why it decided to temporarily shut down its operations in Nigeria because of the...

This court order could halt the 9Mobile sale

The nullification of a Federal High Court order granting the interim board of 9Mobile legitimacy could throw a spanner in the sale process for...

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...

Nigerian Stock Exchange suspends trading in 7UP Plc shares

According to reports from Reuters, the Nigerian Stock Exchange (NSE) has suspended trading in the shares of 7UP Nigeria Plc. The suspension is consequent...

UBA launches ‘Leo’ chat banking on social media platforms

United Bank for Africa (UBA) Plc has launched a chat banking personality named Leo that enables its customers make use of their social media...

Forbes names Dangote as Africa’s richest man for the seventh straight year.

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has been adjudged as the richest man in Africa with a net worth that...

Top 10 stockbrokers trade N1.9 trillion worth of stocks in 2017

Data from the broker performance report by the Nigerian Stock Exchange (NSE) for 2017 shows the top 10 stockbrokers on the Nigerian Stock Exchange...

Vitafoam experiences third consecutive loss making year

Vitafoam Plc, has released its audited results for the 12 months ended September 2017, and they are nothing to cheer about. While revenue increased...

Rumours that Glo has acquired 9 Mobile is not true

Rumours in social media and in some blogs that Globacom has acquired 9 Mobile is not true. This is because the transaction is still...

Vitafoam Nigeria Plc obtains N2 billion loan from Bank of Industry

Vitafoam Nigeria Plc in a notice to the Nigerian Stock Exchange has announced it has secured a N2 billion loan from the Bank of...

Sterling Bank appoints Abubakar Suleiman as Managing Director

In a notice to the Nigerian Stock Exchange (NSE) today, Sterling Bank has announced the retirement of its current Managing Director/Chief Executive Officer Yomi...

Flour Mills rights issue to commence 15th January 2018

The Nigerian Stock Exchange (NSE), has notified dealing members (stockbrokers) that the Rights Issue of Flour Mills of Nigeria Plc of 1,476,142,418 ordinary shares...

StarLink announces launch of its Nigeria hub

StarLink, a Value-Added Distributor (VAD), has announced the launched of its Nigeria hub. The new hub will allow the company to service the West...

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...