All the latest Nigerian company news, market intelligence and analysis


NNPC will export natural gas to Europe, as European refinery closures favour Nigeria

The GMD of Nigerian National Petroleum Corporation (@NNPCgroup), @DrMKBaru, has revealed that the NNPC intends to export natural gas to European countries through the proposed Nigeria-Morocco gas pipeline.
Investors lose N713 billion in Nigerian Stock Exchange, Bargain hunting in stock market

Nigerian Stock Exchange removes 3 firms from CG index

The Nigerian Stock Exchange (NSE) has removed three firms from its corporate governance index.

GT Bank Launches Mobile Money For Windows Phone

Nigerians retail banking giant GTB just launched its Windows Phone Mobile app called GT Mobile money.  The platform already exist on Androids and iPhones...

FBNH Believes These Steps Will Help It Overcome Regulatory Challenges

FBNH delivered its fact behind the figures on the floor of the NSE yesterday detailing an overview of their performance last year. In the...

CORPORATE ACTION: Regency Alliance Insurance Plc Appoints New Directors

Regiency Alliance Insuarance Plc has announced the appointment of Mr Clem Baiye, Mr Osayaba Matt Aikhionbare and Col Aminu Isah Kontagora (Rtd) as Directors. Their...
Shareholders sue Boeing, Ethiopian preliminary findings, Boeing 737-Max model crash, Ethiopian Airlines Insurance

Ethiopian Airways Crash Report: It’s all crumbling on Boeing 737-Max model

The investigation into the Ethiopian Airways crash that killed all 157 passengers onboard in February 2019, has shown that the deadly crash is all Boeing's fault.
Cement Company of Northern Nigeria, CCNN

CCNN full year revenue jumps by 62% in FY 2018

Cement Company of Northern Nigeria Plc's full-year revenue rose by 62% to N37 billion in FY 2018.
Lead Balanced Fund

Lead Capital Plc launches Lead Balanced Fund

Nigeria’s leading investment banking group, Lead Capital Plc has launched a new mutual fund it titled Lead Balanced Fund (IBF).

CBN’s Financial Stability Report: AMCON’s sinking fund hits ₦190 billion in six months.

The Financial Stability Report (FSR) released by the Central Bank of Nigeria (CBN) showed that commercial Banks in the country contributed ₦190.89 billion to...
Forte Oil Plc, Femi Otedola, Forte Oil to change name, Olumide Adeosun

Forte Oil Plc declares special interim dividend to shareholders

Forte Oil Plc has declared an interim dividend of N1.15 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018.
MTN Nigeria

MTN Group bounces back with $279 million profit

South Africa’s telecommunications giant MTN has bounced back to profitability as the company’s headline hit 3.3 billion rand ($278.2 million) for the 12 months...

Earnings Guidance: PZ Cussons Plc signals improved Q3 performance

PZ Cussons Plc., on Thursday, said overall performance between January 28 and April 8 has been in line with expectations, adding that outlook for...

Dangote Sugar picks Etim Bassey as Acting CFO

The management of Dangote Sugar Refinery has announced the appointment of Mr. Etim Bassey as its Acting Chief Finance Officer. Etim Bassey has over 26...
Stanbic IBTC

Stanbic IBTC reinforces financing advisory, stockbroking and trustees credentials in the acquisition of Forte...

@stanbicibtc has leveraged its deep financial services knowledge and expertise in successfully supporting the acquisition of a majority stake in @ForteOilNg by Prudent Energy and Services Limited.

Chivita 100% launches breakfast packs.

Chivita 100% has announced the creation of packs of its products to promote breakfast among consumers. The new Limited edition pack featuring football stars like...
Dangote Cement Plc

FMDQ lists Dangote Cement’s $50 billion commercial paper

FMDQ OTC Securities Exchange has listed Dangote Cement Plc’s N50 billion commercial papers.

Official: Etisalat UAE pulls out of Nigeria, may also take back naming rights

Etisalat Nigeria has confirmed changes in its shareholdings structure. Its Abu Dhabi parent company, Etisalat UAE informed the Abu Dhabi stock exchange earlier today...

Diamond Bank debut Diamond Gem Zone in a bid to repay customers’ loyalty

Diamond bank has unveiled a new loyalty program called the Diamond Gem Loyalty program.

Coca-Cola has just launched these 3 products in Nigeria

Coca-Cola Nigeria Limited has introduced 3 new products into the Nigerian market. They include 35cl 5Alive Tropical, 35cl 5Alive Apple and 85cl 5Alive Pulpy...

Nigeria’s GZ Industries To Open New Kenya Plant In 2016

Nigeria’s GZ Industries will open a canning plant in Kenya in 2016. The Sultan Hamud canning plant which GZ Industries (GZI) started building in...
L – R : Mark Napier, Director, Financial Sector Development Africa, (FSDA); Gil Lacson, Director, Strategic Partnerships, Women’s World Banking; Paul Musoke, Director, Financial Services, Financial Sector Development Africa (FSDA); and Uzoma Dozie, CEO, Diamond Bank Plc at a Dinner hosted by Diamond Bank Plc in Lagos recently.

FSD Africa pledges greater support for Diamond Bank’s financial inclusion projects

The Financial Sector Development for Africa, (FSD Africa) an agency funded by the United Kingdom Government through UK Aid has reiterated its commitment to...

These Nigerian banks made the Banker Magazine top 1000

The Banker Magazine has ranked five of Nigeria's biggest banks among the top 1000 banks in the world.
Lexsz Plastics Limited, China ban trash, Recycling companies, Bloomberg, Punch

Recycling firm invests $8m in Nigerian factory following China’s ban

The Executive Director, Lexsz Plastics Limited, Oba Olufemi Akowe, has disclosed the company invested $8 million in Nigeria to set up a factory to store collated trash along the Lagos/Ibadan expressway.
Nigerian Equity Market

What we learnt from Jite`s Notore investor conference call

Notore Petrochemical Industries Plc today held its first investor conference call, after listing on the Nigerian Stock Exchange (NSE) last week. The company had...

App that connects artisans to customers launched in Lagos.

Service networking company, Workclick, has launched an app that connects artisans and other skilled workers to their potential customers in Lagos. The initiative would help...
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

Eland Oil restructures $35 million loan from Standard Chartered

Nigeria focused oil exploration firm Eland has announced the restructuring of a loan it had obtained from Standard Chartered bank. Details of the loan restructuring The...
Jony Ive leaves Apple, Jony Ive's replacement

The designer who created iMac, iPad, and iPhone has left Apple

Jony Ive began his career as a designer of toilets and toothbrushes before taking up a job at @Apple in 1992. However, he was just a mere designer until Steve Jobs invested in his innovative ideas.

A Tale Of Two Banks: Standard Bank vs. FBN Holdings

Standard Bank Group Ltd. is the largest lender by assets in Africa’s second largest economy South Africa, while FBN Holdings is the largest lender...
NAICOM, Brokers, recapitalisation,

Insurance Companies shocked as NAICOM increases capital base by 200%

The National Insurance Commission (NAICOM), has increased the minimum paid-up share capital of insurance and reinsurance firms.



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.