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NIGERIAN BUSINESS NEWS
Nigerian energy startup, Arnergy has raised about $9 million in a Series A round of funding, led by Breakthrough Energy Ventures.
The Nigerian Customs Service (NCS) announced that the exchange rate for customs duty has been increased from the official benchmark of N306/US$ to N326/US$.
The Group Managing Director of Flour Mills of Nigeria (FMN) Plc, Paul Miyonmide Gbededo, has unveiled strategies that the company believes will double its productivity over the next five years.
The shareholders of UAC of Nigeria Plc (UAC) have endorsed a dividend payment of N1.8 billion that was proposed by the company's Board of Directors for the financial year ended December 31, 2018.
C & I Leasing Plc, a leading indigenous leasing and business service conglomerate, has announced its readiness to extend its business frontiers to offshore asset operation and maintenance.
Ikeja Hotel Plc may soon be considering a capital raise. The company's management disclosed this during a Facts Behind The Figure session.
@RedstarPlc, a logistics and cargo generating company, has increased its business service for the aviation industry. See details via the link below.
In this interview session, the new CEO of @ForteOilNg, Olumide Adeosun, gives detailed information about the company's future plans following the acquisition. He also has a message for minority shareholders.
There are strong indications that the new management and board of Forte Oil Plc may soon change the company's name as part of its restructuring.
Nigerian Breweries Plc (@NBPLC) has notified the Nigerian Stock Exchange and the investing public its intention to raise up to N15 billion in the third and fourth series of its N100 billion Commercial Paper (CP) programme.
Dr. Thomas M. Asuquo John has been appointed as the Acting Alternate Chairman of NNPC's Governing Board. He will take over from Dr Ibe Kachukwu.
Governor Godwin Emefiele of the Central Bank of Nigeria (CBN) has stated that the discovery of oil is what exposed Nigeria's economy to vulnerability.