Companies

All the latest Nigerian company news, market intelligence and analysis

AfDB, Lutoyilex Construct Ltd, fraud

AfDB has blacklisted this company from bidding for contracts

AfDB has barred Lutoyilex Construct Limited and its Managing Director, Bamidele Obiniyi for a period of 36 months over alleged fraudulent practices.
Meyer Plc appoints new Chief Financial Officer, Meyer appoints Rotimi Alashe, FIRS shutdown Meyer Ikeja Paint Factory, Meyer plc appoints Devashish Nath

Meyer Plc appoints a new Chief Financial Officer

@meyerpaints Plc has appointed the former Financial Controller of @DangoteGroup, Rotimi Alashe. His appointment comes seven months after the company was dragged into a tax mess that led to the shutdown of its paint factory in Ikeja.
MTN

SCOOP: MTN workers to stay home as students reportedly picket headquarters [Update]

Staff of @MTNNG have reportedly been told to stay back at home after the company received a warning of a planned protest by Nigerian students.
Insurance in Nigeria, FBN Holdings Annual general Meeting, FBN General Insurance Limited CEO Bode Opadokun, FBN General Insurance Limited 2018 financial result

How indiscriminate premium discount is killing the insurance sector

Experts in the Nigerian fledgling insurance industry have bemoaned the current spate of improper discounts on premium rate being granted by some underwriters to their clients. The insurance practitioners described the practise as unfavourable to business.
NSE expels 38 stockbroking firms, Companies on NSE, NSE rules, Nigerian Stock Exchange, NSE, CBN, Banks' recapitalisation

Forte Oil, Flour Mills among worst stocks, as NSE ends in negative

@nsenigeria ended Tuesday’s trading session in negative territory. The All Share Index closed at 28,200.88 basis points, down 0.4%. Year to date, the index is down 10.28%.
Fidelity Bank Plc, SMEs, DBN,

SMEs get N9 billion of DBN funding from Fidelity Bank

Fidelity Bank Plc has advanced the Development Bank of Nigeria's (DBN) N28 billion funding to promote SMEs in the country.
Actis takeover Abraaj Funds, Abraaj liquidation, Abraaj Funds accusation of defrauding investors, About Abraaj

Actis takes over Nigerian-focused Abraaj Funds, after criminal charges and face-off with creditors

The management rights of Abraaj Private Equity Fund IV (APEF IV) and Abraaj Africa Fund III (AAF III) has been taken over by @ActisLLP, in a bid to steady the ships after months of investor confrontation and criminal charges against the firms senior executives.
Access Bank Plc

Access Bank to enter Chinese market, as its UK subsidiary grows balance sheet

China will soon welcome @myaccessbank into its financial market as the Nigerian bank is in search of new market to capture after its United Kingdom subsidiary announced a 36 percent growth in its balance sheet for the year ended December 2018.
Transcorp Hotels Plc, Alexander Adeyemi

Transcorp Hotels Plc appoints a new director

Transcorp Hotels Plc appoints a new director
Trans-Nationwide Express Plc

These three directors were recently “removed” from Trans-Nationwide’s board

Logistics company, Trans-Nationwide Express Plc, has announced the removal of three Non-Executive Directors from its board of directors. 
Assa North and Ohaji South, Seplat at the London Stock Exchange, ANOH Gas Processing, Seplat denies owing FG, Seplat Petroleum pays N10.6bn dividend for FY 2018, Presidential Panel investigate Seplat and NPDC, Seplat short-change FG, Seplat Petroleum Development Company

Seplat to accelerate $700m ANOH investments

Seplat Development Company Plc is planning to drive its $700 million investments in Assa North-Ohaji South (ANOH) gas processing project.
ROK, CANAL+

CANAL+ Group Acquires ROK

Leading African film studio and TV network, ROK has been acquired by CANAL+ Group, comprising production, content distribution and publishing channels.
Nigerian Immigration Service NIS jobs, National Information Technology Development Agency, NITDA begins investigation of Banks and NIS over data breach, Edfin Microfinance Bank, Microfinance Banks in Nigeria CBN, Gray Matters Capital, Nigeria's National Bureau of Statistics releases non-performing loans report, Rand Merchant Bank, Banks, Loan

Trouble ahead, as probe into telecoms, banks, others, could cost 2% of their revenue

The National Information Technology Development Agency (@nitdanigeria) has commenced investigation into some banks, Network operator, financial technology companies and @nigimmigration; and this could cost them 2% of their annual revenue.
XclusivePlus

Access Bank Treats Customers this Summer with XclusivePlus

Luxury is often associated with the very rich and wealthy; after all, the finest things in life must be paid for. While the specifics of what makes up an affluent living vary on a personal level, most people would describe it as enjoying premium goods and services, all of which do come at a cost.
Home Ownership, Landwey

Home ownership: A dream we all dream

@LandweyInv and @PiggyBankNG have partnered to creates entry paths for every Nigerians to actualize their dream of premium land ownership. #WeyLandOwnership
NSE lifts suspension on Lasaco Assurance, NSE suspend companies, NSE lift suspension, NSE lift suspension on Conoil, Conoil and SEC, LASACO proposes N0.05 dividend for FY 2018

NSE discloses why suspension of LASACO Assurance was lifted

@nsenigeria has announced that it has lifted the suspension placed on @LASACOAssurance. The capital market regulator had suspended eleven listed companies in the first week of this month, July 2019.
Lekoil, NSE

Lekoil to boost production output by listing on NSE

In order to boost its production output by threefold, Lekoil Limited is considering listing on the Nigerian Stock Exchange (NSE).
Stanbic IBTC

Stanbic IBTC issues sober, yet optimistic message after losing N2.5 billion case

The Supreme Court recently upheld a ruling requiring Stanbic IBTC to pay the sum of N2.5 billion to Longterm Global Capital Limited.
Foreign companies are threatening to leave Nigeria

Foreign companies are threatening to leave Nigeria

Foreign companies in Nigeria owned by the Germans, Swiss and Austrians have bewailed the high cost of doing business in Nigeria.
Zenith Bank, Super Eagles

Zenith Bank hails Eagles, charges team to go for trophy

@ZenithBank has commended the @NGSuperEagles for their exploits so far in the ongoing #AFCON19 taking place in Egypt.
Ecobank Plc, NLC, Protest, NUBIFIE

NLC enters dialogue with Ecobank over disengaged staff

After picketing of @ecobank_nigeria, members of the organised labour under the auspices of NLC, have entered into dialogue with the lender over its disengaged staff.
Ethiopian Airlines plans to become Nigeria's national carrier, Nigeria's national carrier Nigeria Air, Ethiopian Airlines crashes

FG might dispose Nigeria Air project, as Ethiopian Airlines moves to become national carrier

Months after the Federal Government abandoned the national carrier project, Ethiopian Airlines has disclosed that the company is in talks with President Muhammadu Buhari's administration to become the country's national carrier.
Access Bank Plc, Herbert Wigwe, CBN, interest payment on bank deposits

Access Bank’s Chief supports CBN’s new policy to encourage lending

CEO, Access Bank Plc, @HerbertOWigwe has shown support for @cenbank mew directive on banks' daily deposits placement through the apex bank's SDF.
PAC Holdings

PAC Holdings is set for green financing

PAC Holdings has taken a bold step on the campaign towards green finance.
Internet World Stats, Nigerian Communications Commission remittance, Network operators in Nigeria, Telecoms companies in Nigeria, MTN Nigeria, Airtel Africa, Globacom data, 9mobile court case, Why telcos should double $70 billion investments – NCC, Nigerian Communications Commission

Why telcos should double $70 billion investments – NCC

The Nigerian Communications Commission (NCC), has tasked licenced mobile network operators (MNOs) to double their telecom investments from $70 billion to $140 billion over the next 10 years.
FirstBank

Go cashless this summer with FirstBank Visa Multi-Currency Card

First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has introduced the Visa Multi-Currency Card, an All-in One-Card and first of its kind to be offered by any financial institution in Nigeria.
Bonds

Ecobank’s head office shut over workers’ sack

Ecobank workers under the auspices of the NUBIFIE, have shut down the headquarters of the bank in Lagos following the disengagement of about 1200 workers.
GlaxoSmithKline Nigeria Plc gets new Managing Director

GlaxoSmithKline Nigeria Plc gets new Managing Director

The Board of Directors of GlaxoSmithKline Consumer Nigeria Plc (GSK), has appointed a new Managing Director (MD). 
NSE lifts suspension on Lasaco Assurance, NSE suspend companies, NSE lift suspension, NSE lift suspension on Conoil, Conoil and SEC, LASACO proposes N0.05 dividend for FY 2018

LASACO proposes N0.05 dividend for FY 2018

The Board of Directors of insurance underwriter, Lasaco Assurance Plc, is proposing to pay its shareholders a dividend of 5k per share for full-year 2018.
Actress Chioma Akpotha drags 9mobile for "excessive charges"

Actress Chioma Akpotha drags 9mobile for “excessive charges”

A Nigerian actress went frantic after her mobile network 9mobile formerly known as Etisalat charged her the sum N15600 for a 303 seconds call.

Popular

the best mobile banking apps

See the best Nigerian mobile banking apps in H1 2019

See the best Nigerian mobile banking apps in H1 2019 #Banking #Apps
President Muhammadu Buhari, new minimum wage

FG’s new minimum wage implementation does not apply to everyone

President Muhammadu Buhari has ordered the immediate implementation of the N30,000 new minimum wage, but it is not for everyone.
MTN

SCOOP: MTN workers to stay home as students reportedly picket headquarters [Update]

Staff of @MTNNG have reportedly been told to stay back at home after the company received a warning of a planned protest by Nigerian students.