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MTN prepares for share sale of Jumia

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn, according to people familiar with the matter.

Woman kills boyfriend over engagement ring

A 24-year-old woman, Blessing Edet, accused of stabbing her boyfriend, Edet Ebong, to death over an engagement ring was yesterday ordered by an Ikeja Special Offences Court, Lagos to open her defence.
SAHCO

Olaniyi Adigun: SAHCO’s listing’ll broaden access to capital

Following its recent Initial Public Offering (IPO) on the floor of the Nigerian Stock Exchange (NSE), the Executive Director, Sales and Marketing, Skyway Aviation Handling Company Plc (SAHCO), Olaniyi Adigun, has said the process will broaden the company’s access to capital to fund future growth plans and initiatives.
dell

Dell returns to public markets after six years

Dell returned to public markets on Friday, nearly six years after the company’s founder and Chief Executive Officer Michael Dell took it private in what was then the biggest buyout since the financial crisis of 2008.

Court remands security guard for allegedly beating colleague to death

An Ebute Meta Magistrates’ Court in Lagos on Friday ordered a security guard, Usman Abdulkareem, to be remanded at the Ikoyi Prison for allegedly killing his colleague.
SAHCO

NSE lists 406.07 million SAHCO shares

Skyway Aviation Handling Company Plc (SAHCO), yesterday joined the league of quoted companies as the Nigerian Stock Exchange (NSE) admitted its 406.074million ordinary shares of 50 kobo each at N4.65, raising its market capitalization, at listing, to N6.29 billion.
Magnus Abe

Magnus Abe: Politicians will plunge Rivers into violence

The Senator representing the Rivers South-East Senatorial District at the National Assembly, Senator Magnus Ngei Abe has warned politicians not to plunge Rivers State into the kind of violence and mayhem that characterized the 2015 general elections.

One feared killed as gunmen attack PDP rally in Rivers

One person was reportedly killed while the Chairman of Ikwerre LGA of Rivers State, Samuel Nwanosike, narrowly escaped death on Wednesday as gunmen attacked a rally organised by some chieftains of the People Democratic Party in Ipo community.
SAHCO

BPE facilitates SAHCO initial public offer

The Bureau of Public Enterprises (BPE) has facilitated the first Initial Public Offer (IPO) in four years with the public offering of Skyway Aviation Handling Company (SAHCO) Plc for the sale of 406,074,000 ordinary shares. The public offer opens on Monday, November 12, 2018 and closes on Wednesday, December 19, 2018.

Bharti Airtel to delay $8 billion Africa business IPO listing

Bharti Airtel Limited may delay its planned Initial Public Offering (IPO) of its Africa unit due to the turmoil in emerging-market stocks, a source close to the company said.

House of Reps summon SEC, past MDs of Capital Oil over firm’s collapse

The House of Representatives Committee on Capital Market and Institutions has summoned the leadership of the Securities and Exchange Commission (SEC) over its role in the alleged mismanagement of Capital Oil Plc, a Lagos based firm.
Members of the Sri Lankan web journalist association hold placards with the image of Saudi journalist Jamal Khashoggi during a demonstration outside the Saudi Embassy in Colombo on October 25, 2018, following Khashoggi's dissapearance on October 2 at the Saudi consulate in Istanbul. - Saudi Arabia's crown prince denounced the "repulsive" murder of journalist Jamal Khashoggi and vowed justice will prevail, in his first public comments on the case, without addressing US accusations of a monumental cover-up. (Photo by LAKRUWAN WANNIARACHCHI / AFP)

Saudi Arabia: Turkish probe shows Jamal Khashoggi murder ‘premeditated’

Saudi Arabia acknowledged on Thursday that the murder of journalist Jamal Khashoggi appeared to have been premeditated, based on information from Turkey, as it sought to draw a line under the crisis.
Rape

Man nabbed for allegedly raping 14-year-old mother

The police in Ekeki police division in Yenagoa Local Government Area of Bayelsa State has apprehended a middle-aged man, simply identified as Ifeanyi, for allegedly raping a 14-year-old girl at a popular hotel in the area.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN may suspend Nigeria’s IPO, considers options

MTN Group has said it may no longer seek to raise capital through an Initial Public Offering (IPO) on the Nigerian Stock Exchange (NSE) as previously planned, while considering the option of listing its existing shares.

Nigerians pull out of bitcoin as cryptocurrencies crash

With a crash in the value of bitcoin last week, Nigerians are pulling back to cut down on their losses in the cryptocurrency market as their stake in the market declined dropping to N1.09 billion as against N1.51 billion which it was at the beginning of August this year.

Man remanded in police custody for alleged murder

An Ado-Ekiti Magistrate’s Court, on Tuesday, ordered the remand of one Toyin Ajakaye, for alleged murder of a commercial motorbike rider, Omoniyi Are.

SEC tasks MTN Group on filing of IPO application for NSE listing

The Securities and Exchange Commission (SEC), on Friday tasked MTN Group on official filing of Initial Public Offering (IPO) which gathered media momentum in the last couple of months.

MTN sticks to 2018 plan despite complications to repatriate cash from Iran

MTN Group, Africa’s biggest mobile operator, is sticking to its 2018 dividend target despite new U.S. sanctions making it harder to repatriate cash from its Iran joint venture, the company said on Wednesday.

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Peoples Redemption Party PRP

PRP: Polls shift puts INEC integrity in doubt

The Peoples Redemption Party (PRP), Tuesday, said polls shift by the Independent National Electoral Commission (INEC) puts the commission’s integrity and capacity to deliver free and fair election in doubt.
Yobe Desert Stars Chief Coach Ngozi Elechi

Yobe Desert boss Ngozi Elechi involved in car crash

It has been confirmed that Yobe Desert Stars Chief Coach Ngozi Elechi was involved in a motor accident on his way to Lafia to honour Wednesday’s matchday ten fixture between his side and Nasarawa United.

Nasarawa monarch abducted, police begin search

The Nasarawa State Police Command has confirmed the abduction of Alhaji Yakubu Dauda, Village Head of Sabon Gida-Barkin Kogi in Lafia Local Government Area, by unidentified gunmen.

Heritage Bank unveils initiative to support start-ups

Heritage Bank Plc has launched its innovation accelerator programme tagged, “HB LAB”.

Many feared killed as gunmen attack Kwara APC senatorial candidate campaign team

The Kwara South Senatorial District candidate of the All Progressives Congress, Lola Ashiru, has escaped death during an attack on his campaign team by armed men.