Companies

All the latest Nigerian company news, market intelligence and analysis

Coca-Cola Bottler Equatorial Will Weigh Mergers in Nigeria, Others

Equatorial Coca-Cola Bottling Co. is considering merging with several independent bottlers in African countries, according to people with knowledge of the...

Shell Stops Forcados Pipeline Exports After Leak

Shell Nigeria says yet another leak on the Trans Forcados Pipeline is forcing it to stop exports from the terminal...

Shell Will Focus Future Investment On Nigerian Gas

The Managing Director of Shell's joint venture in Nigeria said on Wednesday that the oil major would focus its future...

This State has Just Been Ordered To Settle Ecobank’s N3.1bn Facility

Justice Okon Abang of a Federal High Court, Lagos, on Wednesday ordered Zamfara Government to pay Ecobank Nigeria N3.1 billion...
Sahara Group to buy Total stakes in Refinery, Total stakes, African refineries

Sahara Group Advocates Further Investments In Alternative Energy

There has been a call for more investments in alternative energy sources to enhance socio-economic growth in rural communities across...

[Corporate Action] Capital Oil Records N131 Million Loss In 2014

Capital Oil Plc released its Full Year 2014 Audited results. The result showed a loss of N131million in 2014, which is a 72% decrease...

Nigerian Can-Maker Enters South Africa With $71 Million Plant

GZ Industries Ltd. of Nigeria plans to expand into South Africa with the construction of a 1 billion rand ($71...

Konga Launches Software That’ll Help Track Location & Status of Orders

Konga.com, Nigeria’s online mall, has announced the launch of Mercury, a software-as-a-service (SaaS) logistics management system that will enable logistics, courier companies and their...
investment

PZ Cussons Just Reported Another Depressing Results

PZ Nigeria Plc released its first quarter result for the period ended August 31 2015 showing pre-tax profits dropped 7% to N547 only. Here...

Nigerian Breweries Launches N100 Billion Commercial Paper

Nigerian Breweries (NB) Plc, has launched a N100 billion Commercial Paper (“CP”) Programme. It represents the largest...

Fuel Import Increases As Local Production Decreases

Importation of petrol  to Nigeria has increased with more inflows expected from Europe in  months to come. Trading sources told Platts, a global energy...

Nigerians Will Soon Replace Kerosene With Domestic Gas

The Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu  told newsmen at the week end that by 2016...
Gas flaring

See How Many Metric Tonnes of Gas Nigeria Produced In June

Gas production in Nigeria has reduced by 5.56 per cent to 237.40 billion standard cubic feet of gas (BSCF) in...

This Is How Much Femi Otedola Could Make From The Forte Oil Mecuria Deal

Reports from Proshare this morning suggest the rumored deal between Mecuria and Forte Oil has been effectively done! The Global trading company is said...

Heritage Bank Will Sell Off Enterprise Subsidiaries

With the acquisition of Enterprise Bank, the management of Heritage Bank Limited has said it intends to sell off the subsidiaries...

Total Nigeria Appoints New Executive Director

 The management of Total Nigeria Plc has appointed Mr. Jeff Emeka Nnamani, Executive Director in charge of Strategy. ...

[Rights Issue] Elumelu Increases His Shares In UBA by 63%

The Chairman of United Bank for Africa and billionaire investor Tony Elumelu increased his shareholdings in UBA by 63% according to information contained in its...

[ANALYSIS] Is Etranzact a Bull Trap or a Buying Opportunity ?

ETranzact topped the gainers chart last week with a 13% pop as investors sent the bulls the way of mobile money company. Investors looking...

Volkswagen Names New CEO

Volkswagen Group has chosen Matthias Müller to become the German automaker's new chief executive. Müller was most recently the CEO...

Ecobank Secures $285 million One Year Facility

Ecobank Transnational Incorporated (‘’ETI’’)  notified The Nigerian Stock Exchange that it has received a one-year senior unsecured loan facility of USD 285,000,000 from Deutsche...
Gas flaring

This Report Confirms Seplat Flared 100% of Gas Produced

Nigeria's local oil and gas giant, Seplat Plc flared 100% of the Gas it produced in June, according to the Monthly NNPC monthly petroleum...

The 5 Factors That Drove Fitch to Rate Nigeria BB-

Fitch Ratings has affirmed Nigeria's Long-term foreign and local currency Issuer Default Rating (IDRs) at 'BB-' and 'BB' respectively. The Outlooks on the Long-term...

Caterpillar To Cut Up To 5,000 Jobs By End Of 2016 As Stock Falls...

Shares of heavy-equipment maker Caterpillar (CAT) are down sharply after the company said today it is cutting its sales outlook for...
Skye Bank

Meet Skye Bank’s New CFO

Skye Bank has notified The Nigerian Stock Exchange (NSE) of the resignation of its CFO, Mr. Bamidele Ogunnaike effective 31...

UACN Shareholders Okays N20bn Fresh Capital, N3.3bn Dividends

Shareholders of UAC of Nigeria Plc have approved  the request by the Board of Directors to raise additional N20 billion from...

Nampak Plans Glass Factories In Nigeria

Nampak Ltd. has agreed with partners to build glass-bottle manufacturing plants to take advantage of growing demand for packaged consumer goods and bottled drinks...

Chevron Names New JV Director In Nigeria

Chevron Nigeria Limited (CNL), has announced the appointment of Mr Monday A. Ovuede to the position of the director, NNPC/CNL...

Total E&P Nigeria Has A New MD

The board of directors of Total E&P Nigeria has appointed Nicolas Terraz as the managing director/chief executive of Total E&P...

La Casera Flaunts Court Order, Refuses To Reinstate 1,500 Sacked Workers‏

A week after the National Industrial Court (NIC)'s ruling  that the management of La Casera Company Plc, makers of La Casera...

Seismic Data Collation For Dangote Gas Pipeline Project Begins

Africa’s richest man, Aliko Dangote, has said that seismic data gathering work has begun for the ambitious multi billion dollar...

Popular

Rubies Bank

Rubies Bank – The Future is here

Rubies is a fully digital banking platform, offering zero fee banking targeted at millennials, young professionals, SMEs, quasi-financial institutions and FINTECH companies.
Should Gokada and Max.ng be afraid of ORide?

Should Gokada and Max.ng be afraid of ORide?

ORide is fast penetrating the market by leveraging on the N100 bonus offer to any destination of any distance within Lagos. This move has attracted the competitors’ customers, at least if not for anything, till the promo offer ends. 
Airtel Nigeria

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)