Companies

Companies

Economic ‘cankerworms’ shrinking consumer wallets drag consumer goods companies’ performance

Olufikayo Owoeye Nov 20, 2019

Consumer goods companies continue their tepid performance in the third quarter on the back of cash-strapped consumers and a faltering...

Companies

Prindex deepens investors, end users option in real estate investment

Kelechi Ewuzie Nov 20, 2019

Determined to deliver innovative, functional structures and real estate products for discerning clients, investors and end users, Prindex properties limited...

Companies

Nigerian bank stocks jump to 22 month-high of 15% in November

Anthony Nlebem Nov 20, 2019

Nigerian stocks resumed gains Tuesday as investors sought more attractive options than the negative real yield on the country’s short-term...

Companies

Abraaj stake in C&I Leasing to drop after share sale

Anthony Nlebem Nov 20, 2019

Abraaj Group, the private-equity firm forced into liquidation last year after being accused mismanaging investor funds, will reduce its stake...

Companies

African Reinsurance Corporation invests $90m to boost insurance firms in Nigeria

Cynthia Egboboh Nov 19, 2019

African Reinsurance Corporation (AFRICA Re) has announced its investment of $90 million to boost the activities of insurance firms in...

Companies

Roger Brown: The CEO designate of Seplat

Micheal Ani Nov 19, 2019

Roger Brown, the CEO designate of Seplat Petroleum Development Company Plc will be leading the Company in her latest aspirations...

Companies

Jumia’s Q3 results show silver lining in rising digital payment platform JumiaPay

Lolade Akinmurele Nov 18, 2019

Jumia’s in-house digital payment platform, JumiaPay, is flashing signs that it could well become a revenue spinner for Africa’s largest...

Companies

Dana Air celebrates 11th anniversary, rewards passengers

Ifeoma Okeke-Korieocha Nov 18, 2019

Nigerian carrier, Dana Air, on Sunday celebrated the 11th anniversary of its flight operations by rewarding customers with various gifts...

Companies

Airtel Africa acquires additional spectrum to expand network in $70m deal

Segun Adams Nov 18, 2019

Airtel Africa, listed pan-African Telco, announced an agreement between its subsidiary, Airtel Nigeria limited, and Intercellular Nigeria Limited to acquire...

Companies

OPEC faces grimier 2020 outlook amid surging rival output

Segun Adams Nov 18, 2019

The Organization of the Petroleum Exporting Countries (OPEC) and its partners should expect lower demand for their oil next year...

Companies

Red Star Express to raise N1.35bn through rights issue

Hope Moses-Ashike Nov 18, 2019

Having consistently increased revenue for the 5-year period by 51 percent from N6.6 billion in 2015 to N10.0 billion in...

Companies

Guinness sees biggest gain in 2 years after a record low price in 5-years

Olufikayo Owoeye Nov 18, 2019

Shares of Guinness Plc regained momentum on Friday as the bears whipsaw the bears on the floor of the Nigerian...

Companies

Brown appointed new CEO of Seplat as Austin leaves in July 2020

Iheanyi Nwachukwu Nov 18, 2019

Seplat Petroleum Development Company Plc has announced that her pioneer Managing Director and later CEO, Austin Avuru will be retiring...

Companies

With $35m investment in flagship facility, Cummins is positioned for leadership in Nigeria- Pimi

Segun Adams Nov 18, 2019

Cummins West Africa Ltd, the Nigerian outlet of the global manufacturer of engines, filtration, and power generation products, recently launched...

Companies

‘Government can leverage trustee business in the area of trust fund, projects’  

Ifeoma Okeke-Korieocha Nov 18, 2019

Yinka Adegbola is the managing director of PAC Trustees Limited, with close to two decades’ experience covering legal advisory, company secretarial...