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 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.
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.
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.
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%.
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 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 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.
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.
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.
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.
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.
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: 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 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 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 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 in Nigeria owned by the Germans, Swiss and Austrians have bewailed the high cost of doing business in Nigeria.
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.
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.
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’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 is set for green financing
PAC Holdings has taken a bold step on the campaign towards green finance.
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.
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.
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
The Board of Directors of GlaxoSmithKline Consumer Nigeria Plc (GSK), has appointed a new Managing Director (MD).
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”
A Nigerian actress went frantic after her mobile network 9mobile formerly known as Etisalat charged her the sum N15600 for a 303 seconds call.
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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.
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.