[CAMA] Oando Shareholders Could Be Made To Refund Dividends Paid In 2014

The shareholders of Oando Plc could be on the hook to return the dividends it wrongfully paid out of profits going by the provisions...

Udo Udoma, Enelamah Both Resign From Board Of UAC

UAC of Nigeria has informed the Nigerian Stock Exchange of the resignation of two of its board members Senator Udo Udoma and Dr Okey...

British Airways Picks Nigeria As Biggest Market In Africa

British Airways has adjudged Nigeria as its biggest market for air transport business, stating that the airline is investing heavily on new airplanes in Africa and...
Guinness Nigeria Plc

Guinness Confirms Receipt Of NAFDAC Letter, Assures Consumers Of Product Quality After Allegations Of...

  Guinness Nigeria says it is assuring its Nigerian consumers of the quality of its products and materials used in the production of its goods. This...

New Minister Watch (Budget And Planning): Udoma Udo Udoma

Udoma is gearing up to become one of the most powerful and influential ministers in the new cabinet. His portfolio, the ministry of Budget and...

NAFDAC Fines Guiness N1Billion For Violating Rules

The National Agency for Food and Drug Administration and Control (NAFDAC) has ordered Guinness Nigeria Plc to pay N1bn “as administrative charges for various...

[Subsidy Claims] Kachikwu Says Oil Marketers Will Get N413bn Next Week

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has revealed that oil marketers will get the N413billion subsidy claims approved by the Federal Government...

Here Is What Kachikwu Plans To Do With PIB and Fuel Subsidy Now That...

The GMD of NNPC, Emmanuel Kachikwu has confirmed that plans are underway to amend the petroleum industry bill (PIB). According to Reuters, amending the...

[Corporate Action] May & Baker Posts 34% Drop In PAT to N41bn In Q3’2015

May & Baker released its financial result for the nine months ended 30 September 2015. The result showed that revenue decreased by 24.72% from N7...
Chevron Nigeria Limited, Nigeria Union of Petroleum and Natural Gas Workers, Nigerian National Petroleum Corporation, Petroleum and Natural Gas Senior Staff Association of Nigeria, NUPENG and PENGASSAN protest

Chevron Boss Says Upstream Investment in Nigeria Has Dropped By 20%

Mr Ali Moshiri, the President of Chevron Africa and Latin America Exploration and Production, while at the 33rd annual conference of the Nigerian Association of...

PPMC Recalls All Depots Managers To Abuja

The management of Pipelines and Products Marketing Company,(PPMC) have recalled all area managers of all petroleum products depots across the country to its headquarters. This...

[BOOM] Barclays Will Kick Nigeria Off Its EM Local Bond Index Next February

Barclays has confirmed that it will remove Nigeria's sovereign debt from its emerging markets local currency government bond benchmark, the bank said on Monday. "Nigeria...

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...

Statoil’s Agbami Equity Modified

Statoil received the revised participations for the Agbami field in offshore Nigeria made by an expert. Assuming implementation, this calculation will result in a...

[Corporate Action] Law Union & Rock Insurance Records 217% Rise In Profits In Q3’2015

Law Union & Rock Insurance released its Q3'2015 financial results. The result showed that Gross Premium dropped by 9% from N3.5 billion in Q3'2014 to...
Skye Bank

Skye Bank Confirms That It Was Fined N4bn By The CBN

Skye Bank has confirmed that it was fined to the tune of N4 billion by the CBN for failing to render appropriate returns on...

Guinness Nigeria Appoints New Directors

Guinness Nigeria Plc has announced the appointment of Emmanuel Egerton-Shyngle as National Retail Sales Director, and Ms. Anne Maingi as Commercial Effectiveness Director. The company...

Nigeria On The Verge of Oil Discovery in Lake Chad – Kachikwu

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu has indicated that Nigeria may be “on the verge of...

MTN’s New CEO Makes His First Comment About Nigeria

MTN has announced the resignation of its Chief Executive Officer Mr Sifiso Dabengwa following the controversial $5billion fine imposed on it by the Nigerian...

How The Proposed N8trillion Budget Could Add $23 billion To Nigeria’s Debts

Reports surfaced during the past week that the government was planning a gigantic N8 trillion Budget for the fiscal year 2016. This budget, if...

Seplat Increases Its Outstanding Shares

Seplat has increased its issued share capital by increasing its ordinary shares by an additional 10,134,248 ordinary shares. ...

Glo, Vodafone Enter Into Agreement

Globacom Limited and Vodafone, on  Friday both announced a new, non-equity partnership agreement that covers Nigeria and the Republic of Benin. Under this agreement, Vodafone and Globacom...

Dangote Sugar Appoints New Managing Director

Abdullahi Sule has been appointed the acting Group Managing Director of Dangote Sugar Refinery Plc, the nation’s biggest sugar company. The appointment, which became effective...

Contract Staff Stops Warri Refinery Repairs Over Unpaid Salaries

Protesting contract staff have grounded repair work at the Nigerian National Petroleum Corporation (NNPC)-owned Warri Refining and Petrochemical Company (WRPC). The workers in their hundreds decided to shutdown...

[Oil Spillage] NOSDRA Fines Mobil Nigeria N10million

The National Oil Spill De­tection and Response Agency, NOSDRA has slammed a N10 million fine on Mobil Producing Nigeria Unlimited, MPNU for oil spill. The oil com­pany...

South African Vice President Says MTN Must Respect NCC Laws

Cyril Ramaphosa, Vice President of the South Africa, has called on MTN Nigeria to respect the sanctions imposed on it by the Nigerian Communications...

Depot Owners Are To Blame For Fuel Scarcity Across Nigeria – DPR

Major oil marketers are blaming the current fuel scarcity on depot owners who now sell to the marketers at N91.00 instead of the control...

MTN Goes Cap In Hand, Begs NCC For Fine Reduction

MTN Group has revealed that it in talks with the Nigerian Communications Commission (NCC) in a bid to review the N1.04tr fine slammed against it...

[BOOM] Judge Restraints FRCN From ‘Obstructing Stanbic Operations’

The controversial suspension of two directors of Stanbic IBTC by the Financial Reporting Council (FRCN) took another turn yesterday as the Federal High Court...

[Corporate Action] Conoil Plc Posts 16% Drop In PAT to N1.1 billion In Q3’2015

Conoil Plc released its financial results for the nine months ended 30 September 2015. The result showed revenue declined by 42% from N104 billion in...

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CBN, FOREX, Emefiele

CBN Governor finally breaks silence on FOREX restrictions for food imports

@cenbank governor, Mr. Godwin Emefiele, has finally responded to FG announcement on the ban on FOREX restriction for food importation.
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Leaked Memo: Chief of Staff queries Fowler for failing to meet tax budget.

A memo, purportedly written from the office of the Chief of Staff to the President Abba Kyari to the Chairman of the FIRS, Babatunde Fowler circulated around social media on Sunday.