Flour Mills of Nigeria Plc

Flour Mills of Nigeria Plc laments over poor infrastructure, demands solution

The Group Managing Director of Flour Mills of Nigeria Plc, Paul Gbededo, has lamented over the lack of proper infrastructure in Ogun State.
NOVA Merchant Bank Plc

NOVA Merchant Bank Limited rated investment grade by 2 leading rating agencies

NOVA Merchant Bank Limited has received an investment grade rating from both Agusto & Co (Bbb) and Global Credit Ratings (BBB-).
FBN Holdings

FBN Holdings Plc reports 31.4% growth in profit after tax for the year ended...

FBN Holdings Plc has announced its audited results for the full year ended 31 December 2018.

ExxonMobil not planning to exit Nigeria – Kachikwu

Dr. Ibe Kachikwu, has reportedly disclosed that no International Oil Company (ICO) is planning to exit Nigeria.
Ethiopian Airlines crash, Lion Air Crash, Boeing 737-Max 8 crash preliminary report, Boeing 737-Max models not suitable for some airports

Boeing earlier disclosed that its Max models are not suitable for some airports

The @Boeing 737 max models were earlier classified as unsuitable for some kinds of airports. Find out what kinds of airports and why it matters now.
Lagos State Water Corporation to double capacity by 2023

Lagos State Water Corporation to double capacity by 2023

@Lagoswater has said it will increase its water production capacity to 492 million gallons per day by the year 2023.
Seplat Petroleum and NNPC gas project, Nigerian National Petroleum Corporation, Seplat Petroleum Development Company Plc, Economic diversification in Nigeria, Crude oil in Nigeria, OPEC

Seplat Petroleum and NNPC are raising $700m for gas plant

Plans to reduce dependence on oil has begun, as @NNPCgroup and @seplatpetroleum are planning to raise $700 million for a joint gas project scheduled to start production next year.
CCNN announces dividend payment for FY 2018

CCNN beats prediction, records net profit of NGN5.7bn in FY 2018

Cement Company of Northern Nigeria, CCNN, producers of Sokoto Cement, has reported a net profit of N5.7bn (US$15.75m).
NSE All Share Index

All Share Index ends Friday green as First Bank drops FY 2018 results

The Nigerian Stock Exchange ended Friday's trading session, in positive territory. The All Share Index closed at 29.560.47 basis points, up 0.73%.
Airtel Nigeria's Dinesh Balsingh gets major promotion

Airtel Nigeria’s Dinesh Balsingh gets major promotion

Airtel Nigeria has promoted Dinesh Balsingh, its erstwhile Marketing Director, to the position of a CFO. The company also appointed two directors.
Mastercard buys Jumia shares, Jumia get $56 million from Mastercard, Jumia NYSE IPO listing, MTN, Jumia Investors

Jumia officially lists on the New York Stock Exchange

The much-awaited Initial Public Offering (IPO) of Jumia Technologies on the New York Stock Exchange (NYSE), has officially been announced.
FBN Holdings wins World Finance Best Corporate Governance in Nigeria Award

FBN Holdings wins World Finance Best Corporate Governance in Nigeria Award 

FBN Holdings Plc has announced its winning of the 2019 Best Corporate Governance in Nigeria Award by World Finance.
First Bank of Nigeria Limited

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.
MainOne and Google partner for fibre in Edo State,

MainOne and Facebook invest $20 million on fibre in Edo State

@Mainoneservice and search engine giant, @Google, have reportedly spent $20 million to develop terrestrial fibre infrastructure in Edo state, Southern Nigeria.
Newrest ASL Nigeria Plc

Newrest ASL gives stakeholders more time for exit consideration offer

Months after the Nigerian Stock Exchange (@NSEcontact) approved the delisting of Newrest ASL Nigeria Plc from the stock market, the company has given Stakeholders till April 25, 2019, to elect to accept exit consideration for delisting.

GSK Nigeria and Fidson to commence partnership in 2021

GSK Consumer Nigeria has picked Fidson Healthcare Plc as the contract manufacturer of its wellness and respiratory products effective Q3 2021
Ecobank Nigeria

Ecobank raises $450 million through bond offering

Having sold a $450 million eurobonds, Ecobank has become the only Nigerian-listed lender that had sold Eurobonds since October 2017.
Nigerian Breweries Plc

Nigerian Breweries set to raise N15bn through CP issuance

Nigerian Breweries Plc plans to raise N15 billion in the first and second series of its N100 billion Commercial Paper (CP) programme.
Financial statements

Access Bank becomes top traded again this week.

The Nigerian Stock Exchange ended Wednesday's trading session in positive territory. The All Share Index closed at 29.347.62 basis points, up 0.50%.
Helios Investment Partners

Helios acquires Oando’s stake to take full ownership of Axxela Limited

Helios Investment Partners has acquired Axxela Limited, a Sub-Saharan African gas and power portfolio company. Helios Investment had a majority stake in Axxela before Oando's decision to divest its investment in Axxela.
Petrocam Trading Nigeria Limited

Petrocam defers plan to build refinery, blames it on deregulation

Petrocam has suspended its plan to build a refinery, as a result of the lack of deregulation of the downstream sub- sector of Nigeria’s oil and gas industry.
Mobile Phone user

Network operators struggle to keep users as porting continues

More and more Nigerians are continuing to port in search of better voice and internet services. In January 2019 for instance, 9Mobile recorded the highest outgoing subscribers who ported to other available network providers.
GlaxoSmitheKline Consumer Nigeria Plc

FY 2018: GlaxoSmitheKline Nigeria declares 50 kobo dividend

GlaxoSmitheKline Consumer Nigeria Plc (GSK) has declared a dividend of 50 kobo per 50 kobo ordinary share for 2018 financial period.
Shareholders sue Boeing, Ethiopian preliminary findings, Boeing 737-Max model crash, Ethiopian Airlines Insurance

More troubles for Boeing as shareholders sue company over 737-Max crashes

Shareholders of @Boeing are suing the company for "defrauding" when it concealed safety deficiencies in its 737 MAX planes.
the largest billboard in the world

FCT Minister halts construction of world’s biggest billboard in Abuja

The original location of the billboard was earlier disapproved by FCT authorities because it was close to an area mapped out for the new city gate.
Tantalizers Plc's Non-Executive Directors resign

Tantalizers Plc’s Non-Executive Directors resign

The resignations of Prof. Fabian Ajogwu and Alhaji Munir Ja'afaru from Tantalizers Plc's Board of Directors, took effect on Monday, December 31, 2018.
Honeywell International Inc, Boeing 737 Max order, Boeing 737 Max 8, Ethiopian Airlines crash, Lion Air crash, Airbus, The New York Times, Boeing Pilots, Countries ban Boeing

Crashes drag down orders for Boeing-737 MAX in Q1 2019

The orders for delivery of @Boeing 737 Max models is beginning to drop following the recent air mishaps that involved the plane model. The company recorded zero demand of the Max model in Q1 2019.
First Aluminium Nigeria Plc

Why First Aluminium is planning voluntary delisting from the NSE

First Aluminium Plc has issued a lengthy statement explaining why it wants to delist from the Nigerian Stock Exchange (NSE). The insignificant value in the shares is a main factor.
FMDQ OTC Securities Exchange

FMDQ approves UACN and Flour Mills’ listing of N20.50bn commercial papers

UACN Property Development Company Plc (UPDC) and Flour Mills of Nigeria Plc have listed a total of N20.5 billion Commercial Papers (CP) on FMDQ OTC Securities Exchange.
Branch International secures $170m funding to finance expansion drive

Branch International secures $170m funding to finance expansion drive

In its bid to reach large number of the under-banked, Branch International (@branch_ng) has partnered Foundation Capital and Visa to raise a $170 million series C financing.


Application for Canadian Permanent Residency hits 27900

Applications for Canadian Permanent Residency hit 27,900 in 4 months

According to the April edition of the Canadian Immigration Newsletter, Canada has issued a total of 27,900 Invitations to Apply (ITAs) to Express Entry candidates so far in 2019. 
Canadian permanent residency

Canada invited 3,350 Express Entry Candidates to apply for PR in its April draw

Canada invited 3,350 Express Entry candidates to apply for Canadian permanent residency (PR) in a new draw held on April 17. This is contained in the country's recently released monthly newsletter.

GTBank holds 2019 AGM in Lagos to discuss important company matters

Guaranty Trust Bank Plc held its 29th  annual general meeting (AGM)  in Lagos, yesterday, to deliberated on a number of important issues.