Company News
All the latest Nigerian company news, market intelligence and analysis
Official: Union Bank Shareholders Approve N50 billion Rights Issue
At an extraordinary general meeting, yesterday in Lagos, shareholders of the first-generation bank approved five resolutions authorizing the board of...
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Mobil Confirms NIPCO Purchase Consideration Is $301million
Last October, Mobil Nigeria Plc announced it had agreed a deal that will see NIPCO acquire about 60% of its...
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Official: Forte Oil Plc Closes N9b Series 1 5year Fixed Rate Bond Issue
Forte Oil has now officially issued a press release for its N9 billion offer. Nairametrics broke this news earlier in...
Read moreDetailsUnion Bank Plans N50 billion Rights offer
In corporate news, UBN has announced plans to raise as much as N50 billion via a rights issue with permission...
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Court Grants Skye Bank Authority To Take Possession of Obat Petroleum Depot
Skye Bank has been given the green light to take over the depot of Obat Oil and Petroleum. The bank...
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MainOne, SAP partner to provide enterprise solutions for West Africa
West Africa’s premier connectivity and data center solutions provider, MainOne, has announced a service partnership agreement between its Tier III...
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Federal Palace Declares N5.5 billion Loss After Tax
Tourist Company of Nigeria, the owners of Federal Palace Hotels has declared a N5.5 billion loss after tax for the...
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Survival: Skye Bank Drops International Banking License
Bloomberg is reporting that Skye Bank Plc has taken a decision to drop its international banking license. This decision means,...
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These Businesses Have Benefitted From Forex Crisis And Their Results Confirms It
They even surpassed their own expectations
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