All the latest Nigerian company news, market intelligence and analysis

VFD Group Limited

See how VFD Group plans to reposition Nigeria’s economy

VFD Group Limited recently held its 2nd AGM in Lagos, during which the board of directors obtained shareholders' approval to raise capital for expansion purposes.
Notore PLC

These companies may benefit from the CBN’s latest FX policy

The Central Bank of Nigeria (CBN) Governor Godwin Emefiele, made good his threat to add other items to the list of those banned from the official exchange market.
Investment One Financial Services Limited

Investment One advocates investment in tech as it clocks ten

Investment One Financial Services Limited wants Nigerians to really think about some of the tech ideas that are shaping the future, and invest in them.
Reggie Middleton, Veritaseum, Stockbrokers, NSE, Blockchain, NSE, ASEA 2018

Could this be the end for stockbroking firms in Nigeria?

A blockchain is a growing list of records, called blocks, which are linked using cryptography.

CRe Nigeria may be delisting soon

Continental Reinsurance Plc has sent a notice to the NSE announcing a proposed acquisition of minority holdings by its key shareholder CRe Investments
Cosmas Maduka

How Cosmas Maduka moved from an Underaged apprentice to a multi-billionaire

Across the African continent, there are several stories of successful business tycoons. Some had strong financial boosts from their already wealthy families, while for others,

NCC approves new owner for 9mobile

The Nigerian Communications Commission (NCC) has approved the transfer of 9 mobile to new investor, Investment Holding Company, Teleology Holdings Limited. According to Reuters the...
Union Dicon Salt Plc

Focus on this small-cap company and its very ‘salty’ business 

The small-cap company, with its authorised share capital of N300 million, is based in Lagos where it operates at the Kirikiri Lighter Terminal Phase 2.
Gbenga Adebayo; Chairman of the Association of Licensed Telecoms Companies of Nigeria  (ALTON)

NCC’s restriction on VAS is endangering Telcos – ALTON

ALTON chairman give an outlook for the industry in 2019, and challenges telecommunication firms face in Nigeria.

Dangote Cement may acquire Kenyan cement company

Dangote Cement has been approached about a potential transaction by advisers to debt-laden Kenyan Cement company.
MTN, Public Investment Corporation

How MTN Nigeria’s troubles could affect South Africa’s financial system

The South African Reserve Bank (SARB) claimed that the dispute between the Nigerian and MTN could destabilise the country's financial system.
Dangote group

Apapa gridlock may cost Dangote Group over N15 billion this year

Companies operating under the Dangote Group may lose over N15 billion as profit foregone.
Business, Corporate News Roundup

Corporate News Roundup: New Pioneer Industries revealed

Corporate News roundup is a weekly roundup of corporate news and action that took place the previous.

Two global banks close offices in Nigeria as foreign investment falls

Global banking giants, HSBC Bank and UBS Group have closed their offices in Nigeria.

Two key factors behind the poor Dangote Sugar Q3 2018 results

Dangote Sugar refinery Plc has attributed the company’s poor results to smuggling.
Arik Air

Your data may not be secure with Arik Air

Customer data belonging to Arik Air may have leaked.
Ekocorp Plc

Company Focus: Is Ekocorp Plc still making money in 2018?

Ekocorp Plc is one of the biggest private healthcare providers in Nigeria, and the only one listed on the NSE.

REVEALED: Here are the names of AMCON debtors

AMCON has released the names of its top 105 delinquent debtors.
Business, Corporate News Roundup

Corporate News Roundup: Telcos reveal plans to disrupt Financial Inclusion

Corporate News roundup is a weekly roundup of corporate news and action that took place the previous.
Neimeth International Pharmaceutical Plc

Focus on this 61-year old pharmacy company and its looming 2018 loss 

The company specialises in the manufacturing and merchandising of drugs, both for human and animal consumption.

Nestle Nigeria could pay an interim dividend soon

Nestle Nigeria Plc's Board of Directors will meet on October 29th, 2018 to deliberate on several company issue.

Diamond Bank’s ADA goes into stock trading 

ADA is a chatbot created by Diamond Bank to serve customers with retail banking.
Nigerian business websites

Websites of biggest Nigerian companies ranked worst to best 

In Nigeria, business owners who understand the importance of good websites are willing to spend millions of naira to get one.
Microfinance banks

If your bank is on this CBN list, your money is safe

CBN has released the list of banks operating in Nigeria, as at the 30th of September, 2018.
Customer relations

#CustomerServiceWeek: Industries with the worst customer service in Nigeria 

You spent money on a certain product and now need assistance to resolve a problem you encountered after the purchase...
MTN Group Limited

CBN makes additional shylock demands on MTN

CBN might have gone all the way out in its claims against MTN Nigeria.
Hilton Legend Lagos Airport Hotel

Hilton launches second Nigerian hotel as Radisson and others scramble for Africa

Hilton Worldwide Holdings operates popular and luxury global hospitality group, Hilton Hotels.

Main reason Dangote Sugar Refinery CEO may step down soon

Group Managing Director (GMD) of Dangote Sugar Refinery, Abdullahi Sule, may resign his appointment soon. Sule has obtained the gubernatorial ticket of the ruling All...
MTN Group Limited

Stakeholders are displeased with MTN over constant infractions

Some stakeholders in the Nigerian Stock Exchange have expressed displeasure over MTN's constant infractions and troubles with the Nigerian authorities.
NSPM divestment

FG explains sale of its 21% shares in security printing company to CBN

The FG has signed over 21% of its ownership rights in NSPM to the CBN.