Companies

All the latest Nigerian company news, market intelligence and analysis

Uber Boat

Should Gokada be afraid as Uber launches boat service in Lagos?

US ride-hailing company, @Uber, is set to face off in stiff competition with Gokada, as it announces a plan to help Nigeria (particularly Lagos) to solve its traffic issue through the launch of boat service.
Olumide Adeosun, Forte Oil Plc, Forte Oil CEO

Forte Oil’s new CEO speaks on “next moves” following acquisition

In this interview session, the new CEO of @ForteOilNg, Olumide Adeosun, gives detailed information about the company's future plans following the acquisition. He also has a message for minority shareholders.
Air Peace

SHOCKING: Air Peace jet skids off runway and ends up in the bush

There was a mild drama earlier this afternoon at the Port Harcourt International Airport when an Air Peace flight from Abuja skidded off the runway and ended up in the bush.
Ellah Lakes CEO Chuka Mordi and Jamie Rixton, Ellah Lakes Chuka Mordi interview, New facts behind the acquisition of Telluria Limited by Ellah Lakes emerge

EXCLUSIVE: Ellah Lakes’ Chuka Mordi addresses acquisition, growth plans, and other issues

The Chief Executive Officer of Ellah Lakes, Chuka Mordi and Jamie Rixton, the company’s Chief Agronomist visited Nairametrics’ Head Office located in Opebi, Lagos, to discuss the details of the acquisition of Telluria Limited by Ellah Lakes, and Mordi’s aggressive growth target, as well as the impact of the company’s oil palm field on host communities.
Forte Oil Plc, Femi Otedola, Forte Oil to change name, Olumide Adeosun

What next for Forte Oil Plc following Prudent Energy’s takeover?

Femi Otedola's exit from the @forteoilng means Prudent Energy the new key shareholder will have to make several key decisions.
Geregu power plc

Otedola completes sale of Forte Oil, pivots fully to power generation

The share price of Forte Oil Plc opened at N32.30 per share at the Nigerian Stock Exchange yesterday up from its last week opening price of N25.75, signalling a 24.44% rise in value barely one week after the Exchange endorsed the transfer of the 75% majority equity stake in the company from its Chairman, Femi Otedola, to Prudent Energy and Services Limited in a share purchase deal.
Ellah Lakes CEO Chuka Mordi and Jamie Rixton, Ellah Lakes Chuka Mordi interview, New facts behind the acquisition of Telluria Limited by Ellah Lakes emerge

New facts behind the acquisition of Telluria Limited by Ellah Lakes emerge

On Friday, Ellah Lakes Plc announced the acquisition of Telluria Limited, a development that brought a major change in the Management of the former.
Airtel Africa

Airtel eyes a £3.6 billion IPO valuation on the LSE and NSE

Airtel Africa Limited has declared its intentions to float his shares simultaneously on the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE)
Google made a whooping $4.7b from news content in 2018

Google made a whooping $4.7 billion from news content in 2018

Google reportedly earned as much as  $4.7 billion in 2018 from news contents comprising of the works of news publishers accessed by readers via search and Google News.
Aliko Dangote

Dangote’s NASCON Allied Industries Plc moves operation from Apapa

NASCON Allied Industries Plc has moved some of its operations away from the  Apapa area of Lagos to Oregun and Port Harcourt.
Domino's Pizza

Domino’s Pizza confirms it has invested over N10 billion in Nigeria

Eat'N'Go Limited's CEO, Patrick McMichale said they have invested over N10 billion in Nigeria. Find out how.
Bolt launches Bolt for Business

Is this the new way Bolt (Taxify) drivers rip-off their customers?

A Bolt customer recently cried out on social media after one of the companies drivers overbilled her the sum of N12,200 for a trip that was supposed to cost N800.
Air Peace

Investigation exposes how Air Peace allegedly shields its aircraft from probe

The Accident Investigation Bureau (AIB) has accused Air Peace of committing several safety infractions due to its persistent failure to report serious accidents and incidents involving its aircraft in the Nigerian Airspace.
Aliko Dangote

Why Dangote thinks provision of consumer credit facility is necessary

Africa's richest man, Aliko Dangote, is on a mission to ensure that every Nigerian consumer is availed access to consumer credit facilities. According to him, this is a good step towards eradicating corruption in the country.
Oando Plc versus SEC

Oando shares rebound by 5.26% as stock market ends in negative territory

@Oando_PLC share price bounced back by 5.26% at the end of the week after a frustrating seven days ushered in by the corruption and market abuse report of @SECNigeria
New Month, No Debts

New Month, No Debts

Now you have successfully applied for a kwikmoney loan, you’re wondering, ‘can I repay using my ATM card? Is cash payment allowed? Can I walk into any bank to make repayments?’
Contract staffing in Nigeria Banks

Contract staff rise to record high 46,235 across Nigerian Banks

The latest data from the National Bureau of Statistics (NBS) reveals that Nigerian banks now have a total of 46, 235 contract staff members as at Q1 2019. This compares to 45,238 in Q4 2018 and 32,013 in the first quarter of 2018.
Access Bank Plc

This is how much Access Bank saved for shareholders through early bond redemption

Access Bank Plc's board of directors seem to be making all the right decisions going by the corporate actions the bank has been embarking on recently.
This report makes a case for dumping stocks in this sector

This report makes a case for dumping stocks in this sector

If you are asked to name the leading food manufacturing companies in Nigeria at the moment, chances are that you will likely list out the biggest, oldest, and quoted ones among them.
Oando Plc

Oando Plc issues response, challenges SEC’s investigation findings

Oando Plc has reacted to the conclusion of an investigation carried out by the Securities and Exchange Commission (SEC) into its affairs which, among other things, recommended the resignation of the company's Chief Executive Officer, Wale Tinubu.
Oando Plc, Wale Tinubu

Why SEC ordered Oando’s Wale Tinubu to resign

The Securities and Exchange Commission (SEC), has ordered Wale Tinubu to resign from Oando Plc over serious infrastructures.
Europa League

Over €250 million up for grabs as English teams battle for Europe Silverware

According to the estimated figures earlier released by UEFA, the finalist in both UEFA Champions League and Europa League Cups will scoop over €250 million Prize. #UELfinal
EFCC raif of MTN Nigeria

MTN issues statement in reaction to EFCC’s purported raid on its head office

@MTNNG has released a statement denying any wrongdoings hours after @officialEFCC and some officials of the @PoliceNG purportedly laid siege on its head office in Falomo, Victoria Island.
MTN

Purported EFCC raid on MTN Nigeria head office might be false

There were wild media reports, late Friday night, purporting that the Economic and Financial Crimes Commission (@officialEFCC) raided the head office of @MTNNG. This might be wrong.
MTN Nigeria share price, MTN Nigeria court case, MTN Nigeria cyber attack, MTN Nigeria loses N700 million to cyber attack, MTN Nigeria denies cyber attack, MTN Nigeria financial statement, MTN Nigeria listing, EFCC raid MTN Nigeria, MTN Nigeria list on NSE, Nigerian Stock Exchange, MTN AI for Mobile Money

Nigerian Stock Exchange explains why you can’t buy MTN shares

The Nigerian Stock Exchange has addressed growing frustrations from retail and portfolio investors about their inability to lay their hands on MTN shares.
MTN Nigeria Listing

LIVE UPDATE: Events from MTN Nigeria’s listing on the NSE

@Nairametrics is live at the Nigerian Stock Exchange (@nsenigeria) covering the listing of @MTNNG, which was done by introduction. The listing places MTN Nigeria among the league of Trillion Naira Club.
MTN Nigeria Plc

MTN’s NSE-listing, what you need know, and analysts’ forecasts

The most anticipated and biggest listing on the Nigerian Stock Exchange is happening right now in Lagos, Nigeria. We are talking about none other than the MTN Nigeria listing.
MTN Nigeria

How to buy MTN shares on the Nigerian Stock Exchange

It's official, Nigeria's largest GSM Company, MTN Nigeria, will be listed on the Nigerian Stock Exchange on Thursday 16th of May 2019.
MTN listing

MTN will join these 3 stocks in the Trillion Naira Club (TNC)

As MTN prepares to list on the Nigerian Stock Exchange later this week, the stock is expected to catapult straight into the trillion naira club list.
FUGAZ Banks

FUGAZ Banks gross earnings decline marginally in FY 2018

Nigeria's five largest banks made a total of N2.63 trillion as gross earnings in the 2018 financial year

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ENI

ENI’s MD is furious after being linked to Nigerian fraud case

Claudio Descalzi, the Chief Executive Officer of the embattled Italian energy firm, ENI S.p.A, has instituted legal action against Piero Amara, the company's former legal adviser whose recent testimony allegedly defamed the CEO.
Mr. Biggs restuarants in Nigeria, Mr. Biggs resturant address in Nigeria, Mr. Biggs office, Quick Service Restuarants in Nigeria

46-years after, Mr. Bigg’s is not so big anymore

From the late 1970s to early 2000s, @mrbiggsng was the most sought-after fast food restaurant, but 46 years later, the company is gradually winding up, becoming a fading memory in an era of competition; the fall of this giant will, however, cost Nigerians a lot.
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.