Axxela achieves initial issuer rating of BBB+(NG); outlook stable

Axxela is a Helios Investment Partners LLP portfolio company, and a designated natural gas shipper on the West African Gas Pipeline.

Dividend: Transcorp Hotels to pay 15 kobo per ordinary share

Transcorp Hotels Plc has announced to pay a final dividend of 15 kobo per ordinary share to its shareholders. The payment is subject to appropriate...
Fortis Microfinance Bank, Nigeria Deposit Insurance Corporation, Liquidation, Shutdown, NDIC

NDIC and shareholders trade words over the liquidation of Fortis MFB

The Nigerian Deposit Insurance Corporation, NDIC, has responded to 'unfounded claims' by shareholders over the collapse of Fortis Microfinance Bank.

FIRS suspends freezing of tax defaulters accounts

The Federal Inland Revenue Service (FIRS) has halted the freezing of bank accounts of tax defaulters. The agency made this known in a series of tweets...
Huawei Technologies Company Nigeria Limited, Digital Bridge Institute, ICT, China

Huawei partners DBI to develop Nigeria’s ICT

Nigeria has received a donation of $1 million for the improvement of information communication and technology in Nigeria, the promotion of innovative ideas, and research that will contribute to the country's development.
Dangote - Ofeme community

Executive Order 7: Dangote partners FG on road reconstruction in Abia

Dangote partners FG to reconstruct the roads and bridges at Ofeme Community in Abia State.
Dangote Foundation, African Business Coalition for Health, GBC Health, Health sector, Tax, Profit

Dangote gets African leaders’ support on health sector plan

Business owners in Nigeria have been urged to give the health sector priority to help contribute to the development of the sector, with various African heads of government supporting the coalition for health.
Richard Rivett-Carnac, International Breweries

International Breweries Plc appoints new Director

International Breweries Plc has appointed Richard Rivett-Carnac as a Non-Executive Director. Rivett-Carnac replaces Phillip Redman who recently resigned his appointment as a Non-Executive Director of the company. Rivett-Carnac's...
Eterna Oil, Petrol Station, Investment

Eterna Plc discloses acquisition plans, set to increase petrol station outlets

There are plans by a Nigerian oil company, Eterna Plc to increase the number of its petrol stations in Nigeria, with intention to make some assets acquisition before 2025, which will boost the company's operation within the country.
9mobile crisis, Teleology, 9mobile IoT service, 9mobile crisis, Etisalat, 9mobile, CBN, NCC

How regulators’ intervention averted 9mobile’s possible collapse -NCC

Prof. Umar Garba Danbatta, Executive Vice Chairman of the Nigerian Communications Commission (NCC), has made known that regulatory intervention from NCC and the Central Bank of...
FirstBank and Azuri

FirstBank partners Azuri Technology to promote sustainable development in Nigeria

FirstBank is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria for 125 years.
Porsche Africa, Manfred Bräunl, CEO, Ferdinard Porsche

Porsche Africa gets new CEO

German automobile manufacturer, Porsche has made changes to the company's leadership in the Middle East and Africa, providing professionals who support the carmaker's operations across 20 countries. The change will take effect before the end of the first quarter of this year.
Sterling Bank new logo, BADEA

FIRS appoints Sterling Bank as recovery agent

Federal Inland Revenue Service (FIRS) has appointed Sterling Bank Plc as a collecting agent to recover taxes from 2,933 defaulting companies. Chairman, FIRS, Tunde...
DN Tyre and Rubber Plc, Dunlop Tyre

Dunlop gives update on restructuring efforts

DN Tyre and Rubber Plc has given an update on its restructuring.
Jumia, Hospitality sector, Tax Breaks, Flight, Food, Travels and Tourism

Jumia request tax break for hospitality business

The Federal Government have been urged to add the hospitality sector among the list of companies granted tax breaks, with the assumption that the industry will contribute more to Nigeria's economy if the numerous taxes were cut.
Stanbic IBTC addresses China's role in bank's ecosystem

Stanbic IBTC addresses China’s role in bank’s ecosystem

Nigerian lender, Stanbic IBTC have joined fellow Chinese nationals in Nigeria to celebrate the Asian country's new year, while underlying the important role the Chinese community in Nigeria have played in the bank's business ecosystem.

NASD OTC witnessed 106% increase in transaction in 2018

NASD (National Association of Securities Dealers) OTC Plc has evaluated the total amount of transactions performed within the company in 2018 to be about...
9mobile crisis, Teleology, 9mobile IoT service, 9mobile crisis, Etisalat, 9mobile, CBN, NCC

Court warns against conclusion of 9mobile acquisition

The Central Bank of Nigeria (CBN), Nigerian Communications Commission (NCC) and other corporate bodies involved in the sales of Etisalat (now 9mobile) have been warned against taking further action relating to the acquisition of the telecommunications company.

Tech Startups should emulate Konga – EX Unilag VC

Prof. Oye Ibidapo-Obe, a former Vice-Chancellor of the University of Lagos has advised tech startups to emulate the new Konga. He gave this charge in...
Jumia listing, MTN

MTN may rake in $600 million from Jumia’s planned listing

Jumia plans to list on the floor of the New York Stock Exchange.
Guinea Insurance reacts to NAICOM's claim

Guinea Insurance reacts to NAICOM’s claim

Two weeks after the National Insurance Commission (NAICOM) suspended Guinea Insurance Plc from writing new insurance business, the company has denied the claim, stating the report was false.
AXA Mansard, Liverpool, English Premier League, EPL, Insurance, Sponsorship, Corporate deals, Consolidation

AXA Mansard announces AXA, Liverpool global partnership

French multinational insurance firm, AXA, the parent company of Nigerian insurance firm, AXA Mansard, has signed a global partnership with English Premier League (EPL) club, Liverpool.
Somto Ifezue, Odunayo Eweniyi and Joshua Chibueze [l-r] PiggybankNG Co-founders_small becomes PiggyVest 

In a press release issued today, online savings and investment platform,, announced its evolution from to PiggyVest — a much broader and holistic financial management...
Bharti Airtel, Telkom Kenya, Safaricom, Telecoms, Consolidation, Regulatory approval

Airtel, Telkom consolidate to battle Kenya’s largest telecoms company

To compete better against the dominance of telecommunications company, Safaricom, in Kenya, the local unit of Bharti Airtel Limited has entered into a consolidation agreement with Telkom Kenya Ltd, which is owned by Helios Investment Partners LLP.
How owning a TV could increase household income

How owning a TV could increase household income

Azuri Technologies in partnership with First Bank launched the sale of a solar-powered satellite television in Nigeria. Unlike regular TV sets, the TV has satellite reception embedded in...
Update on NBC's plan for eco-friendly bottles

Update on NBC’s plan for eco-friendly bottles

Due to the influence of communities within the country, the Nigerian Bottling Company (NBC) Limited has reiterated its commitment to environmental stewardship by ensuring completion of the production of eco-friendly bottles into the Nigerian market.
Globacom Limited, Investment, Internet of Things, Data, Network, Fibre

Globacom to expand 4G capacity in Nigeria

To upgrade the company's network capacity, Globacom has pledged to disburse funds running into billions. The telecommunication firm confirmed the investment will go into network infrastructure.
Paul Gallagher resigns from Guinness Nigeria Plc board

Paul Gallagher resigns from Guinness Nigeria Plc board

Paul Gallagher has resigned from Guinness Nigeria Plc as a Non-Executive Director. In a notification to the Nigerian Stock Exchange (NSE), the company made...
BASF, Chemical, Badische Anilin- und Soda-Fabrik, Germany, Brexit, Laboratory

BASF expands operation in Nigeria

German chemical company, Badische Anilin- und Soda-Fabrik (BASF) has launched its personal care technology laboratory in Nigeria, while strengthening its network of local expertise in marketing and sales in Africa.
Konga unveils revolutionary payment option, Konga Me

Konga unveils revolutionary payment option, Konga Me

Konga, Nigeria’s leading e-commerce giants, has unveiled Konga Me, a revolutionary payment option which essentially allows customers to shop desired items online @