Dana Air

Dana Air to increase fleet with embattled Boeing aircraft

Nigerian airline operator, @DanaAir, has disclosed it will be taking delivery of three @Boeing -737 models in 2019 as it increases the company's fleet for operation.

Lagos CIBN elects Peter Ashade as chairman, others as new executives

Peter Ashade, the Group CEO, United Capital Plc, has been elected chairman, CIBN, Lagos Branch. The professional body disclosed other elected executives.
Aircraft leasing company

Nigeria mulls aircraft leasing company as national carrier gets underway

In response to the growing demand and complaints regarding leasing and maintenance of aircraft, the Federal Government has disclosed plans to set up an aircraft leasing company.
Afromedia Plc

NSE finally lifts ban on Afromedia’s shares after results filing

After filing its outstanding financial statements, The Nigerian Stock Exchange (NSE) finally lifted the suspension placed on Afromedia Plc from trading shares.
TeamApt obtains switching licence from the CBN

TeamApt obtains switching licence from the CBN

@weareTeamApt, a Nigerian fintech startup has obtained a switching licence from the Central Bank of Nigeria and intends to expand across several African countries.
Access Bank Plc

Don’t let people make you think less of yourself – Herbert Wigwe

Nigerian billionaire and CEO Access Bank Plc, Herbert Wigwe, has advised his followers on the importance of always believing in themselves.

Court gives FIRS power to sell companies’ properties towards tax clearance

The Federal Inland Revenue Service (FIRS) has been authorised by by an Abuja-based Federal High Court, to sell two landed properties belonging to tax debtors.
Two key factors behind the poor Dangote Sugar Q3 2018 results

Dangote Sugar explains its underwhelming 2018 result, blames smugglers

Dangote Sugar Refinery Plc's full-year 2018 financial results did not reflect the expectations of stakeholders and analysts alike. And now, the company is disclosing why this happened.
Nigerian Electricity Regulatory Commission

NERC moves to foster ‘reasonable’ electricity billing with new permits

Nigerian Electricity Regulatory Commission (NERC), on Friday, April 5th, 2019, announced that it had issued permits to Meter Asset Providers (MAPs) that were successful in the procurement exercises conducted by Abuja and Jos Discos.
Seplat Petroleum Development Company, Environmental pollution, Industrial flares, Seplat Petroleum 2018 2018 result

Seplat seeks more investment in safety as it reduces flares by 95%

Seplat Petroleum Development Company Plc has urged the public and private sectors to double their investment in research and development. The investments should be tailored in line with safety promotion, the company advised.
Fidelity Bank Plc

Fidelity Bank announces appointments of three new Executive Directors

Fidelity Bank Plc has notified The Nigerian Stock Exchange and the investing public, of the appointments of new Executive Directors into the bank's Board.
Ebenezer Onyeagwu succeeds Peter Amangbo as Zenith Bank's new MD/CEO

Ebenezer Onyeagwu succeeds Peter Amangbo as Zenith Bank’s new MD/CEO

Zenith Bank Plc has appointed Ebenezer Onyeagwu as its Group Managing Director (MD) and Chief Executive Officer (CEO), with effectect from Saturday, June 1.
MTN, Disney - MTN court case, Nigeria Stock Exchange, Listing, Rob Shuter, Oscar Onyema, Kogi State, Facility, Lawsuit

MTN, Ugandan Government clash over licence renewal fee

The licence fee offered by the Uganda Communications Commission to MTN Uganda has been called into question, after the country's network regulator charged the telecom company higher than the licence fee recommended by Uganda's cabinet.
Bank directors urge banks, others to share information on cybersecurity

Bank directors urge banks, others to share information on cybersecurity

Nigerian bank directors have unanimously tasked the country's financial institutions to share information on cybersecurity that will curb hacking in the banking sector.
First Bank of Nigeria Limited

Former Zenith Bank Investment Guru, Michael Anyimah, moves to rival First Bank

Michael Anyimah's departure to First Bank of Nigeria Limited could lead to an uptick in trading income for the tier-1 bank.

Shell estimates $15bn investments in Nigerian gas project

The Shell Petroleum Development Company (SPDC)  has revealed plans to invest about $15 billion across 24 oil and gas projects in Nigeria
Dangote had to withdraw $10m to confirm he was wealthy

Dangote had to withdraw $10m to confirm he was wealthy

Africa's richest man, Alhaji Aliko Dangote, said he didn't believe how wealthy he was until he withdrew $10 million from his bank account all at once. 
NSE All Share Index

NSE turns green for the first time in April

The Nigerian Stock Exchange ended Friday's trading session in positive territory. The All Share Index closed at 29.616.38 basis points, up 0.21%. Year to date, the index is up 5.77%.
Jeff Bezos and wife Mackenzie divorce, Jeff Bezos Amazon shares, MacKenzie Amazon Shares, Lauren Sanchez, World Richest Man

Jeff Bezos and wife, MacKenzie, split Amazon shares as divorce nears end

The Founder and Chief Executive Officer of Amazon, Jeff Bezos, will retain his voting power in the company after reaching a divorce agreement with his wife, MacKenzie.
FirstBank empowers over 7000 students on Financial Literacy, commemorates the Global Money Week (GMW)

FirstBank empowers over 7000 students on Financial Literacy, commemorates the Global Money Week (GMW)

First Bank of Nigeria Limited joined over 50,000 global institutions to commemorate the 2019 Global Money Week (GMW) which took place on 25 – 31 March 2019.
9mobile court case. Investors sue 9mobile, Owners of 9mobile, Teleology, 9mobile, KPI, NCC, CBN

9mobile denies court order as in-house rancour continues

Nigeria's telecommunication company, 9mobile, has responded to a Nairametric report that the Federal High Court has barred the transfer of ownership of the network operator to Teleology Nigeria Limited.
Dangote Refinery

Nigeria set to become exporter of refined crude products –IMF

Dangote Refinery is now poised to transform Nigeria’s petroleum industry, boost growth, turn the country into an exporter of refined products, improve the balance of payments, and transform regional trade patterns.
Dangote Sugar Plc

Dangote Sugar declares final dividend of N1.10 despite drop in profit

Despite recording an unimpressive financial results for the year ended December, 2018, Dangote Sugar Plc has declared to pay dividend of N1.10 kobo ordinary share.
Kudi secure Series A funding, Kudi Co-Founders, Yinka Adewale, Pelumi Aboluwarin, Kudi and Partech, Y Combinator

Kudi to increase Bank Agents after securing $5 million in Series A funding

Digital payment Startup, Kudi, has secured a Series A funding that will enable the company fast-track its expansion across Nigeria. The company raised $5 million from several existing investors.
Abdulsamad Isyaku Rabiu

BUA Group | Abdul Samad Rabiu eyeing Rwandan, regional mining sector

BUA Group is studying the Rwandan and regional mining sector for viable opportunities.

How Paga is replicating the Kenyan success

Paga, one of Nigeria’s leading mobile money operators in Nigeria marked 10 years of its existence and announced that it had processed c.US$4.6m transactions.

Oando sells minority stake in Axxela

Axxela Limited (formerly known as Oando  Gas and Power) has announced the divestment of Oando Plc’s 25% stake held in the firm. The stake was purchased by Helios which is the majority stakeholder.
Pictures from the launch ceremony of the new Access Bank Plc

Pictures from the launch ceremony of the new Access Bank Plc

The unveiling ceremony followed the completion of the merger process between the tier-1 bank and Diamond Bank Plc.
Investment One launches *5678# USSD code for easy investment

Investment One launches *5678# USSD code for easy investment

With Investment One's newly-launched USSD code *5678#, investments has been made easy, and Nigeria's financial inclusion drive has received a boost.
Shareholders sue Boeing, Ethiopian preliminary findings, Boeing 737-Max model crash, Ethiopian Airlines Insurance

Ethiopian Airways Crash Report: It’s all crumbling on Boeing 737-Max model

The investigation into the Ethiopian Airways crash that killed all 157 passengers onboard in February 2019, has shown that the deadly crash is all Boeing's fault.


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.