Prestige Assurance Plc welcomes new Directors on board - Funmi Oyetunji

Prestige Assurance Plc welcomes new Directors on board

Prestige Assurance Plc has appointed Dr. Adedoyin Rasag Salami and Funmi Oyetunji as Non-Executive Directors. The appointments have been approved by the National Insurance Commission (NAICOM). The company...
Femi Otedola to purchase forte oil assets

Forte Oil Plc obtains shareholder approval at EGM

In a notice sent to the Nigerian Stock Exchange, Forte Oil Nigeria Plc stated it had obtained shareholders approval to enter into discussions with its Chairman, Femi Otedola. The company...
Sunu Assurances appoints Managing Director

Sunu Assurances appoints Managing Director

Sunu Assurances Plc has welcomed on board new Directors. Samuel Oghenebrume Ogbodu and Adeleke Emmanuel Hassan have been appointed Directors of the company. While Ogbodu was...
Ghanian president on Dangote

What the Ghanaian President thinks about Dangote Refinery

Ghanaian Government has expressed its optimism towards the Dangote Refinery. The West African country is certain when the refinery begins operation, Nigeria, Ghana, and many other African countries will benefit greatly from the establishment.
Dantata Success & Profitable Company

SEC shuts down Kano-based firm for illegal activities

The Kano-based company was sealed off by the Securities and Exchange Commission, SEC, for allegedly engaging in "illegal capital market activities".
Startup funding in Africa, Fintech, Disrupt Africa

Nigerian start-ups lead $334.5 million fund race in Africa

Nigerian start-ups lead other African businesses in investment attraction, Disrupt Africa revealed in a report that estimated 210 African start-ups secured $334.5 million worth of investments in 2018.
MTN Nigeria

Court adjourns MTN’s case yet again

The $2 billion tax case between MTN Nigeria and the Office of Nigeria's Attorney General suffered yet another delay today, following its adjournment.
MTN Nigeria listing

Finally, MTN Nigeria is ready for listing on NSE

Rob Shuter, President and Chief Executive Officer (CEO) of MTN Group, has confirmed that the telco will list on the Nigerian Stock Exchange (NSE) in...
Nigeria SME, LAPO

LAPO plans to provide N3 billion credit facilities to MSMEs

Nigerian microfinance bank, Lift Above Poverty Organisation (LAPO) has proposed a total sum of N3 billion to support Micro, Small and Medium Enterprises (MSMEs) in 2019....
FirstBank, Azuri

FirstBank and Azuri partner to bring solar to millions and deepen financial inclusion in...

First Bank of Nigeria Limited and Azuri Technologies, a leader in pay-as-you-go solar technology, today announced a unique partnership that will help deepen financial...
UBA in Mali

UBA extends Africa footprint, commences full operations in Mali

UBA Plc commenced full banking operations in Mali.

DHL launches global competence centre in Dubai

DHL Global Forwarding, has consolidated its portfolio of humanitarian logistics services within its first Global Competence Center for Humanitarian Logistics, designed to meet growing...
Greif Nigeria Plc

Greif Nigeria Plc suspends operations

Greif Nigeria Plc has decided to suspend operations in the country. The firm’s Chairman Adebayo Olowoniyi disclosed this in its 2018 full-year statements released today. Greif Nigeria has been...
Sirius Petroleum Plc, London Stock Exchange, Issue Shares, Petroleum, Acquisition, Oil Company

Sirius Petroleum issues new shares

Nigeria-focused oil and gas development and production company, Sirius Petroleum Plc has announced its intention to issue new ordinary shares, this is according to a notice to the London Stock Exchange.
Unilever, Graze

Unilever acquires British snack company, Graze

Unilever has acquired snacks company, Graze, from Carlyle’s European technology fund, seeing off interest from competing bidders including Kellogg and Pepsico, the owner of Walker’s Crisps, to clinch the deal.
Diamond Bank, Access Bank

What customers will benefit from the merger between Diamond Bank and Access Bank

With just weeks left before the biggest merger Nigeria has ever witnessed finally takes effect, the management of Diamond Bank Plc has assured its...
JPMorgan Chase & Co, Malabu Oil, Dan Etete, Oil scandal, ENI, Shell

JP Morgan responds to FG’s Malabu court case

The Federal Government's suit against JPMorgan Chase & Co has been described as a claim with no real prospect of success by Rosalind Phelps, a lawyer for the American multinational investment bank.
Guaranty Trust Bank, GTBank

Is GTBank considering moving its festivals outside of Lagos

Nairametrics had a brief interview with the Managing Director of Guaranty Trust Bank, Segun Agbaje, on the sidelines of the 2019 Social Media Week Lagos event. The bank...
bond

ABC Transport resumes rebound in today’s trading

The Nigerian Stock Exchange closed in the green, for the second day in a row. The All Share Index closed today’s trading at 30,773.57...
Consolidated Hallmark Insurance

Consolidated Hallmark lists additional ordinary shares

Consolidated Hallmark Plc has listed additional ordinary shares on the Daily Official List of the Nigerian Stock Exchange (NSE). The additional shares arose from the...
Slack to go public

Tech company, Slack is set to go public

American tech company, Searchable Log of All Conversation and Knowledge, popularly known as Slack, has confidentially filed to go public. This is according to a...
Chi Limited, Coca-Cola,

Coca-Cola to maintain structure in Chi Limited

Stakeholders of Chi Limited and their consumers have been assured of continued high standard in the company's products' quality. Coca-Cola Company made the assurance after the takeover process was completed some days ago.
FCMB zero-interest loan, FCMB - nairametrics

FCMB set to roll out zero-interest loans to SMEs

Women in Business at FCMB have initiated a zero-interest rate on loans to support, grow and expand small and medium enterprises in the country.
Eterna Plc

FMDQ OTC lists Eterna’s N3 billion CP

Nigeria’s foremost debt capital and OTC exchange, FMDQ OTC Securities Exchange has admitted N3 billion Series 1 Commercial Paper (CP) Notes of Eterna Plc. The fund...
Consolidated Hallmark Insurance

NDEP Plc takes up stake in Consolidated Hallmark Insurance Plc.  

Excerpts from the NSE X Compliance report for the trading week ended February 1, 2019, show that Niger Delta Exploration Plc, an upstream oil firm may...
A Jumia warehouse, Police, Castle Logistics

Jumia Food MD in Police custody

A month after Castle Logistics Services Limited, a Jumia (Jade Internet E-Services Nigeria Limited) vendor, petitioned the Nigerian Police over alleged fraudulent conversion and diversion of N214.695 million by Jumia Food, officers of Nigerian Police Force, Zone II, Lagos, have arrested Guy Futi, the Managing Director of Jumia Food.
CCNN/ Kalambaina Cement merger - Nigeria stock excahnge

Nigerian Stock Exchange appoints two Divisional Heads

The Nigerian Stock Exchange today, announced the appointment of Mr. Jude Chiemeka and Mr. Olumide Bolumole to its Executive Management Team. Mr. Olumide Bolumole joins...
Fortis Microfinance Bank, Nigeria Deposit Insurance Corporation, Liquidation, Shutdown, NDIC

Fortis Microfinance Bank liquidates

The Nigeria Deposit Insurance Corporation (NDIC) has informed the public of the official liquidation of Fortis Microfinance Bank and its branches nationwide, a statement on NDIC official website disclosed.
companies to inspire Africa in 2019

Eat’N’Go joins league of LSE’s companies to inspire Africa

Eat’N’Go - Nigeria’s franchisee for Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt - has been recognised as one of the London Stock Exchange...
Airtel Nigeria, Bharti Airtel, Airtel Africa, India, Stock Exchange, Qatar Investment Authority, Investment

Airtel Africa secures fund from Qatar Investment Authority

Bharti Airtel, the parent company of Airtel Africa says the African unit plans to raise more investment through an issue of primary shares to strengthen Bharti Airtel’s consolidated books.
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