Companies

All the latest Nigerian company news, market intelligence and analysis

Access Bank and Union Bank, Securities and Exchange Commission Nigeria, SEC might nullify Access Bank and Diamond Bank merger, Access Bank and Diamond Bank

Ex-Minister asks court to nullify Access-Diamond merger

The Securities and Exchange Commission (@SECNigeria) has been urged to nullify the merger between Access Bank (@myaccessbank) and Diamond Bank which took effect in March 2019 after the legal completion of the merger.
FirstBank

Former Zenith Bank Investment Guru, Michael Anyimah, moves to rival First Bank

Michael Anyimah's departure to First Bank of Nigeria Limited could lead to an uptick in trading income for the tier-1 bank.
Access Bank Plc appoints Chizoma Okoli as new Director

Access Bank Plc appoints Chizoma Okoli as new Director

Ms Chizoma Okoli brings with her a deep banking and board room experience and will be an added advantage to the Access Bank team.
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

Billionaires club: The current owners of MTN who need to sell for you to...

If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image...
Lagos Oriental Hotel

Popular Lagos Oriental Hotel is allegedly up for sale?

Popular five star luxury hotel, Lagos Oriental hotel, located in Lekki has been put up for sale for $250 million, approximately N94 billion.
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.
i-invest nairametrics, Treasury bills

What You Should Know About i-invest, the First Treasury Bills App In West Africa

Nairametrics has received a whole lot of mails pertaining to Sterling Bank's I-invest app.

Why Our Result Was Disappointing – Dangote Flour Mills

  Dangote Flour Mills released its 2013 9 months results with the company posting a pre-tax loss of N8.4billion. The results was as disastrous as...
Diamond Bank's merger with Acess Bank

Access Bank merger: This is what will happen to your Diamond Bank Deposit

Echoes of banking failures in the past have left many Nigerians wary of news concerning a merger.
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.
FirstBank

FBN Holdings profit after tax jumps by 34% in FY 2018

@firstbankngr full-year profit rose from N37.7 billion in 2017 to N59.6 billion in 2018.
Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir...
Aliko Dangote

Chinese are taking over, as 300 Nigerians get sacked by Dangote Refinery

The Nigerian Merchant Navy Officers and Water Transport Senior Staff Association (NMNOWTSSA) and the Maritime Workers’ Union of Nigeria (MWUN) have disclosed that 300 Nigerians working on the Dangote Refinery have been sacked.
Nigerian Stock Exchange

MTN launches the first ever Whatsapp airtime top-up option

MTN hopes to incorporate other instant messaging platforms such as Facebook Messenger down the line.

The 10 major stories trending in Nigeria right now

Nigeria, our beloved country is never short of stories to ponder on and argue about. When we think we have heard enough of one political, business,...
Access Bank Plc

Access Bank again wins court case to take over former minister’s property

For the second time in less than four months, Access Bank Plc has gotten the nod to take over Etiebet’s Place in Ikeja, Lagos.
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.
Oil Producing states

Why Anambra, Kogi, and Enugu are yet to be recognised as oil-producing states

The @DPRNigeria has ignored calls to recognise Anambra, Enugu, and Kogi states as oil-producing regions in Nigeria, Africa's largest crude oil producer.
Dangote Flour Mills Plc

UPDATE: Dangote announces impending sale of Dangote Flour Mills Plc to Olam

The Board of Dangote Flour Mills Plc has notified the NSE and the investing public about the acquisition of its shares by Olam International Limited.

Fintech companies to watch out for in 2019  

The disruption fintechs have brought about is certainly undeniable, even as their effectiveness is one of the qualities that have distinguished them.
Dangote had to withdraw $10m to confirm he was wealthy

Dangote had to withdraw $10m to confirm he was wealthy

Africa's richest man, Alhaji Aliko Dangote, said he didn't believe how wealthy he was until he withdrew $10 million from his bank account all at once. 
Diamondxtra, Access Diamond merger, Diamond Bank, Access Bank, Consolidation, Merger, Shareholders, International Women's Day

What might be your fate as a Diamond Bank Staff

As the news of Access Bank’s likely merger with tier two lender, Diamond Bank continues to filter into the financial system, one thing that...
Skye Bank

CBN takes over Skye Bank, announces a new name

The Central Bank of Nigeria (CBN) has revoked the operating license of Skye Bank Plc with immediate effect.
Skye Bank

Those responsible for Skye Bank’s failure will face the law soon

FG has made known its intent to prosecute all those who are responsible for the collapse of the now-defunct Skye Bank Plc.
Kupanda Holdings, Mavin Records, Don Jazzy, Music Label, Equity

Mavin Records secures multimillion-dollar equity investment

Mavin Records, Africa’s industry-leading music label, announces its multimillion-dollar equity investment partnership with Kupanda Holdings.

Deal: Access Bank to merge with Diamond Bank to form Nigeria’s largest bank

It was celebrations galore at Access Bank over the weekend as the Nigerian Tier 1 bank hosted its annual Xmas party for staff, business...
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.
Pictures from the launch ceremony of the new Access Bank Plc

Pictures from the launch ceremony of the new Access Bank Plc

The unveiling ceremony followed the completion of the merger process between the tier-1 bank and Diamond Bank Plc.
Visionscape Sanitation Solution

Visionscape explains why it shut down operations in Lagos

Visionscape Sanitation Solution has given reasons for shutting down its operations in Lagos.
The CBN Building, Abuja - capital inflows

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.

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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.