Companies

Companies

MTN to expand asset sale which will raise up to $4bn

Lucky Nwanekwu Jan 30, 2020

MTN Group Ltd. is looking to raise as much as 60 billion rand ($4 billion) from an extended asset-sale plan, with stakes in a major towers business and the carrier’s Nigerian unit among those earmarked for sale....

Companies

MTN Nigeria cancels legal action against AGF  

Jumoke Akiyode-Lawanson Jan 30, 2020

MTN Nigeria on Thursday, 30 January, 2020, appeared before the Federal High Court sitting in Ikoyi, Lagos to formally discontinue...

Companies

Respite for investors, shareholders over N130bn unclaimed dividends, missing shares

Hope Moses-Ashike Jan 30, 2020

Investors and shareholders who may have lost hope of recovering their shares and stakes in the N130 billion unclaimeds dividend...

Companies

Brooks and Blake appoints Onajide as Board Chairman

BusinessDay Jan 29, 2020

The Board of Brooks and Blake Nigeria Limited, a perception and marketing communications consulting firm, has announced the elevation of...

Companies

Court, shareholders approve Continental Reinsurance Scheme of Arrangement

businessday Jan 29, 2020

A Federal High Court sitting in Lagos has approved the restructuring arrangement of Continental Reinsurance Plc following the approval of...

Companies

Cabo Verde chooses NAHCO as ground handler for its operations

Ifeoma Okeke-Korieocha Jan 29, 2020

The national airline of Cape Verde, Cabo Verde Airlines, has chosen foremost West Africa ground handling operator, NAHCO, to handle...

Companies

CAP’s Q4 revenue surges 10% amid plans to capture more African markets

Olufikayo Owoeye Jan 29, 2020

Paint maker Chemical and Allied Products plc CAP’s full-year revenue surged 10percent from N7.6bn to N8.41bn in 2019. Profit for...

Companies

Vitafoam shares soar on best Q1 in half-decade

Segun Adams Jan 29, 2020

Shares of Vitafoam jumped past its five- year high after the foam maker on Monday reported its best start to...

Companies

Nascon Allied bites the dust: Records first loss in a decade

Bala Augie Jan 29, 2020

Nascon Allied Nigeria Plc has bitten the dust and kissed the canvass as it recorded its first loss in more...

Companies

Update: With Nigeria’s fate hanging in the balance, NESG’s 12 keys offer way forward

Segun Adams Jan 29, 2020

The Nigerian Economic Summit Group (NESG) has outlined specific reforms necessary for accelerated economic advancement in growth-challenged Nigeria. Business leaders,...

Companies

Union Bank Nigeria divests from its UK subsidiary

Olufikayo Owoeye Jan 29, 2020

Union Bank of Nigeria plc on Tuesday announced that it has entered a share sale and purchase agreement to divest...

Companies

Julius Berger’s Q4 profit hits N10.3bn on improved government spending

Olufikayo Owoeye Jan 29, 2020

Shares of construction giant, Julius Berger, surged 9.93 percent to N22.15 after the company announced it recorded N10.3 billion as...

Companies

MTN proposes $1.6bn investment to strengthen operation in Nigeria

Anthony Ailemen Jan 28, 2020

The MTN Group on Tuesday disclosed that it is now set to invest $1.6b to strengthen its operation in Nigeria....

Companies

Update: Union Bank Nigeria divests from its UK subsidiary

Olufikayo Owoeye Jan 28, 2020

Union Bank of Nigeria Plc on Tuesday announced that it had entered a share sale and purchase agreement to divest...

Companies

Airtel Africa’s third quarter profit surges 129.60 percent on data, mobile revenue

Bala Augie Jan 28, 2020

Airtel Africa’s third quarter pre-profit has surged by 129.60 percent as the telecommunication giant is increasingly seeing the success of...