September 19
Nigeria: Coca-Cola to Provide Economic Boost Via $1bn Investment in Nigeria
The US $1 billion investment will support job creation across the value chain Read more »
Nigeria: Again, Another Multinational to Ditch Nigeria, Other African Countries
PZ Cussons currently holds a 73.3 per cent stake in its Nigerian unit. Read more »
September 18
Nigeria: Keystone Bank Gets New Chairperson, Non-Executive Directors
In January, the CBN dissolved the boards and management of several major banks, including Keystone Bank, due to non-compliance with key regulatory standards. Read more »
September 05
Nigeria: Nigerian Breweries Turns to Heineken to Clear Heavy Foreign Exchange Overdue
Part of the cash is to help cut its local loan exposure of N550 billion. "This will lead to reduced interest burden, lower levels ratios and strengthened balance sheet," Nigerian… Read more »
August 19
Nigeria: Investors Lose N750bn to Selloffs in Dangote Cement,Tier-1 Banks
Market breadth closed positive with 31 gainers and 19 losers. Read more »
August 02
Nigeria: Coca-Cola Nigeria Misled Consumers On Product Changes - Fccpc
FCCPC's investigation revealed that Coca-Cola and NBC had repeatedly violated the Federal Competition and Consumer Protection Act (FCCPA) Read more »
August 01
Nigeria: Old Mutual in Nigeria Announces Change of Name to Emple
Central to emPLE's purpose is empowering people by providing innovative financial solutions that enhance their freedom, security, and prosperity. Read more »
July 31
Nigeria: Dangote Refinery - for Love of Country, Beyond Profit and Passion
Critics of the Dangote Refinery might be called "deniers." Their scepticisms stem from Nigeria's history of failing its citizens, making it difficult for them to believe that an… Read more »
July 30
Nigeria: MTN Shuts Offices Nationwide
The company did not give any reason for the closure but this coming after the eruption of violence at some of its offices on Monday. Read more »
July 29
Nigeria: 9mobile Gets New Management Board
The acquisition follows the approvals of the Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) as required by law. Read more »
Nigeria: Resolving the Feud Between Dangote and Oil Sector Regulators
More than anything else, the altercations have inadvertently exposed why all the efforts to fix NNPC's four refineries always hit the rock. Read more »
July 26
Nigeria: Dangote Cement's Half-Year Profit Slightly Higher Despite Record Revenue
Worth N5.4 trillion in total assets, the cement maker opened trade on Friday in Lagos at a market capitalisation of N11.2 trillion. Read more »
July 24
Nigeria: Gabon President Invites Dangote to Invest in Cement, Fertiliser Production
The invitation comes amid Mr Dangote's recent decision to halt investment in Nigeria's steel industry to avoid the accusations of being considered monopolistic. Read more »
July 22
Nigeria: Refinery - Petroleum Minister Hosts Crucial Meeting With Dangote, NNPC, Others
The minister emphasised the importance of cooperation and synergy among all stakeholders to ensure the success and optimal performance of the oil and gas sector Read more »
July 21
Nigeria: Dangote Halts Plans to Invest in Nigeria's Steel Industry
Mr Dangote said the company's board decided against the steel investment to avoid the accusations of being called monopolistic. Read more »
Nigeria: Exclusive - Aliko Dangote Offers to Sell 650,000 BPD Oil Refinery to NNPC
"Let them (NNPCL) buy me out and run the refinery the best way they can," Mr Dangote says. Read more »
July 19
Nigeria: Dangote Refinery 45% Completed, 'Not Yet Licensed'
Mr Ahmed said the allegations raised by the refinery that its operations are being scuttled owing to a lack of supply of crude oil by International Oil Companies (IOCs) are untrue. Read more »
Africa: JUST IN: Mass IT Outage Hits Banks, Airlines, Other Global Institutions
The cause of the outage is unclear, but many of those impacted have linked it to Microsoft PC operating systems. Read more »
July 18
Nigeria: TotalEnergies Sell Its Nigerian Onshore Oil Business for $860 Million
The company said closing of the deal is subject to customary conditions, including regulatory approvals. Read more »
July 17
Nigeria: Dangote Refinery Insists IOCs Are Frustrating Its Crude Supply
Mr Edwin, had last month accused IOCs in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals Read more »
July 02
Nigeria: Nigerian Tea Company Protests Alleged Intimidation By Multinational Rival
Z&Y Black Tea accuses Promasidor Holdings of harassment of its workers over the similarity of trademarks. Read more »
June 26
Nigeria: Just in - Fire Guts Dangote Refinery
"We have swiftly contained a minor fire incident at our effluent treatment plant," Mr Chiejina, said Read more »
June 24
Nigeria: Economic Downturn - Shoprite Closes Store At Wuse Central Mall
The decision, according to the company, was made after a thorough evaluation of the store's financial situation and the current business climate. Read more »
June 11
Nigeria: Access Bank Acquires African Banking Corporation of Tanzania
Access Bank plans to combine ABCT with the consumer and private banking business of Standard Chartered Bank Tanzania when acquired to create an enlarged entity within the Tanzanian… Read more »
June 10
Nigeria: How AIG and Wigwe Reinvented Access Bank and Redefined Finance in Africa, By Raphael Adewoye
In 2002, the acquisition of Access Bank was finalised with Aig-Imoukhuede and Wigwe approved as Managing Director and Deputy Managing Director, respectively. Their revolutionary… Read more »