Companies

All the latest Nigerian company news, market intelligence and analysis

Licensed Micro-finance Banks

Reasons why CBN directed DMBs to loan out their deposits revealed

In order to boost lending to the economy real sector, the Central Bank of Nigeria (CBN) has mandated Deposit Money Banks to lend out 60% of their deposits.
Nigerian Stock Exchange

REVEALED: Three reasons the NSE expelled 38 stockbroking firms in six months

Thirty-eight stockbroking firms have been expelled by @nsenigeria in the last six months. This takes the total number of firms expelled in the past 2-years to 120, new report have shown.
Outsource Global, outsourcing company

Outsource Global wins Service Exporting Company of the Year award

Outsource Global has won the Service Exporting Company of the Year Award.
US stock market, US stocks, Trove Finance

Here’s how to invest in US stocks from Nigeria

Here's how to invest in US stocks from Nigeria Find out how @trovefinance can help you trade on the floor of the @NYSE and @Nasdaq
Delivery agencies in Lagos

Exciting logistics companies spring up in Lagos

Many entrepreneurs find it difficult getting dependable dispatch agencies with affordable price rates, to handle prompt service deliveries for their businesses, here we have compiled a list of delivery agencies in Lagos.
Air Peace

Campaign to restrict foreign airlines continues as Air Peace flies Lagos-Dubai route

For years, there have been disagreements between domestic airline operators and the Federal Government over the supposed self-inflated Bilateral Air Services Agreement with foreign countries. The announcement of Air Peace as Nigeria's flag carrier on Lagos-Dubai air route revived the campaign to restrict foreign airlines' operation.
Hollaport

Say hello to Hollaport, Kabiru Rabiu’s latest innovation in the Fintech arena

On Saturday the 6th of June, the Zone Tech Park at Gbadaga, Lagos, played host to the inaugural product launch from Hollaport Technologies Ltd.
Eva Water

NBC reacts as NAFDAC recalls Eva Water with particles and greenish colour

Nigerian Bottling Company (NBC) has reacted to the directive issued by the National Agency for Food and Drug Administration and Control (NAFDAC) to recall the company's packaged bottled water 'Eva'.
National Union of Electricity Employees

Electricity union decries workers’ outsourcing system, says it breeds division

The employees of electricity companies in Nigeria have warned against the system of outsourcing work which they claim exposes electricity workers to enslavement by local and multinational companies operating within the country.
Renault reenter Nigeria's automobile industry, Renault partners with Coscharis, Innoson Motors

New competition for Innoson as Renault re-enters Nigeria’s automobile market

@Groupe_Renault plans to re-enter the Nigerian car market, and to ease its entry, the company has signed an agreement with Coscharis. Find out why this may not be a very good development for @innosonvehicles.
FirstBank

FirstBank to Empower 500 Widows through its SPARK Initiative

The desire of FirstBank is to scale up the empowerment to 500 widows before the end of the year with its SPARK initiative.
Eva Water

Why NBC may have to recall bottles of Eva Table water

Nigerian Bottling Company Limited may have to recall batches of already circulated bottles of 75cl Eva Premium Table Water as directed by the National Agency for Food and Drug Administration and Control (NAFDAC).
Conoil Plc, NSE, Conoil Plc's shares, NSE suspends shares from trading shares

NSE lifts suspension on Conoil Plc’s shares

Barely 3 days after suspending the shares of 11 firms, including Conoil Plc, @nsenigeria has lifted the suspension on the company's shares. Here's why.
NCC

NCC joins fight against State taxes after MTN and Kogi face-off

The fight against multiple taxations in the Nigerian telecommunications industry has received a boost from the Nigerian Communications Commission (NCC) after the regulator condemned the tax system by State Governments.
Naspers

Multinational company, Naspers, appoints first black female CEO

One of Africa's biggest and most valuable companies, Naspers, recently appointed a female Chief Executive Officer, the first in the history of the company.
MTN Nigeria regulatory issues, MTN Nigeria court case, MTN Nigeria shares price, Nigeria's business environment

MTN Nigeria’s COO explains how to avoid pitfalls in Nigeria’s business environment

The Chief Operating Officer of @MTNNG, @Mazen_Mroue, has advised investors interested in establishing business in Nigeria on necessary steps to take in order to avoid pitfall in Africa's largest economy after MTN experienced its share of the hostile business environment within the country.
Advans La Fayette Microfinance Bank

Advans La Fayette Microfinance Bank extends footprint to Lagos

Advans La Fayette Microfinance Bank has extended its footprint to Lagos, as it opened it first branch in Nigeria's commercial hub.
First Bank

FirstBank CEO, Adeduntan, Sensitizes Children on Acts of Kindness

The Chief Executive Officer of First Bank of Nigeria Limited, Dr.  Adesola Adeduntan, has encouraged children to cultivate the habit of showing kindness to people around them irrespective of class, race or circumstance.
Nestoil - deregulate oil sector

Again, Nestoil Group calls on FG to completely deregulate oil sector

Leading indigenous Oil and Gas engineering, procurement, construction, and Commissioning (EPCC) Company, Nestoil Group, has demanded that the Federal Government grant full liberty to oil and gas firms to operate a free market system in the industry.
Conoil Plc, NSE, Conoil Plc's shares, NSE suspends shares from trading shares

Conoil proposes N2 per share dividend for shareholders

All things being equal, the shareholders of Conoil Plc will get a dividend payment of N2 per share for the 2018 full year soon,...
The Stock Market

NSE explains why Airtel Africa is going ahead with IPO despite failing listing requirement

@nsenigeria has addressed the reason Airtel Africa, parent company of @AirtelNigeria was issued a waiver despite not meeting the shareholders' requirement needed to list for an Initial Public Offering (IPO) on Nigeria's bourse. The listing holds July 5, 2019.
FCMB

FCMB Opens New Branch in Ile-Ife; Reiterates Commitment to Excellent Service Delivery

On Wednesday, July 3, 2019, First City Monument Bank (FCMB) opened a new ultra-modern branch in Ile-Ife, Osun State.  The new branch is located at 3, Akarabata Layout (along Lagere Road), Ile-Ife.
May Baker Nigeria Plc

Shareholders approve May & Baker’s N354 million dividend; elect new director

Shareholders of @maybakernigeria have approved a dividend payment of N345.04 million for the financial year ended 31st December 2018.
UBA’s Tony Elumelu receives Honorary Doctor of Business from Bayero University

Tony Elumelu shares what inspired him to start his foundation

Nigerian entrepreneur and philanthropist Tony Elumelu have shared what inspired him to start The Tony Elumelu Foundation
Stanbic IBTC

Stanbic IBTC reinforces financing advisory, stockbroking and trustees credentials in the acquisition of Forte...

@stanbicibtc has leveraged its deep financial services knowledge and expertise in successfully supporting the acquisition of a majority stake in @ForteOilNg by Prudent Energy and Services Limited.
LIRS

LIRS shuts Debonairs Pizza, 13 other companies over unpaid taxes

The Lagos State Internal Revenue Service (LIRS), on Wednesday, shut down the premises of Debonairs Pizza and thirteen other companies (including several hospitality firms), over alleged failure to fulfill tax obligations.
Airtel Africa listing on NSE, MTN Nigeria listing on NSE

Airtel fails to get minimum number of shareholders for NSE-listing

Airtel Nigeria was unable to attract up to 300 institutional investors, a minimum pre-listing requirement it needed to meet in order to become listed on the Nigerian Stock Exchange.
Access Bank Plc

CIFI: Access Bank Plc opens window for N20bn credit facility

@myaccessbank has opened its window of disbursing loans to beneficiaries, under the Creative Industry Financing Initiative (CIFI) of the CBN.
Uber to ban low rated passengers from its services Kate Parker writes on Uber blog

Should Uber customers be called out for their bad behaviours?

With the way some Uber customers keep abusing the company's policy, it is time the Uber ban for passengers should be activated to help curtail bad behavior from customers.
Aiteo to spend $5bn on production growth

Aiteo to boost oil production with $5 billion investment

@aiteogrp has disclosed plans to boost its oil and gas natural production capacity with $5 billion investment.

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ENI

ENI’s MD is furious after being linked to Nigerian fraud case

Claudio Descalzi, the Chief Executive Officer of the embattled Italian energy firm, ENI S.p.A, has instituted legal action against Piero Amara, the company's former legal adviser whose recent testimony allegedly defamed the CEO.
Mr. Biggs restuarants in Nigeria, Mr. Biggs resturant address in Nigeria, Mr. Biggs office, Quick Service Restuarants in Nigeria

46-years after, Mr. Bigg’s is not so big anymore

From the late 1970s to early 2000s, @mrbiggsng was the most sought-after fast food restaurant, but 46 years later, the company is gradually winding up, becoming a fading memory in an era of competition; the fall of this giant will, however, cost Nigerians a lot.
President Muhammadu Buhari, new minimum wage

FG’s new minimum wage implementation does not apply to everyone

President Muhammadu Buhari has ordered the immediate implementation of the N30,000 new minimum wage, but it is not for everyone.