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President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

GMD: NNPC to begin full rehabilitation of refineries in 2020

The Nigerian National Petroleum Corporation (NNPC) says it will begin full rehabilitation of the nations three refineries by January 2020.

NNPC board chairman tasks NLNG shareholders on revenue generation

Alternate Chairman of the Board of the Nigerian National Petroleum Corporation (NNPC), Dr Thomas John, has called on shareholders of the Nigerian Liquefied Natural Gas (NLNG) to maximize Nigeria’s abundant gas resources and generate more revenue for the nation.
British American Tobacco

British American Tobacco to cut 2,300 jobs globally

British American Tobacco on Thursday said it planned to cut 2,300 jobs globally by January as its new boss seeks to drive revenues in controversial e-cigarettes.

SEC urges shareholders of defunct Afribank Plc to claim dividends

The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC urges defunct Afribank shareholders to claim dividends

The Securities and Exchange Commission (SEC) on Monday asked shareholders of the defunct Afribank Plc to claim their dividends.
Nigerian Stock Exchange NSE

Ellah Lakes shareholders approve fresh capital raise

Shareholders of Ellah Lakes Plc have approved the plan by the company to raise additional capital to pursue its growth plan. They gave the approval at the company’s Extra-Ordinary General Meeting, EGM, in Lagos.
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 Nigeria declares N60 billion interim dividend

MTN Nigeria Communications Plc will be distributing N60 billion as interim cash dividend to shareholders.
Thomas Cook

Chinese group mulls Thomas Cook takeover

China’s Fosun Group is considering nearly a billion dollar rescue of embattled British tour operator Thomas Cook, the Hong Kong-listed conglomerate confirmed Friday.
Mary Uduk

SEC urges defunct Skye bank investors to claim dividends

The Securities and Exchange Commission, SEC, has again reiterated its earlier directives to shareholders of defunct Skye bank to claim their dividend payment.

Central bank unveils five-year agenda, targets fresh banks recapitalisation

Godwin Emefiele, governor of the Central Bank of Nigeria, says there are plans to carry out a recapitalisation exercise for deposit money banks in the country.
African Export-Import Bank (Afreximbank)

Afreximbank approves $69 million dividend for investors

The African Export-Import Bank (Afreximbank) on Saturday announced a $69 million dividend to its shareholders from its 2018 earnings.
Aliko Dangote

Dangote Cement to earn $700 million forex from terminals

The Dangote Cement Plc on Monday said its cement terminals being constructed in Lagos State and Onne in Rivers would be concluded before the end of this year.

Shareholders approve Union Bank’s N54.5 billion capital restructuring

Shareholders of Union Bank of Nigeria (UBN) Plc have approved a proposal to cancel N54.46 billion accumulated permanent losses in the books of the commercial bank.
National Salt Company Nigeria Plc (NASCON)

Shareholders laud NASCON over improved performance

Shareholders have commended the board and management of NASCON Allied Industries Plc for sustaining good performance despite the challenges in the operating environment.

SEC’s appointment of Mutiu Sunmonu as Oando interim chief lacks due process

The announcement by the Securities and Exchange Commission (SEC) on Sunday June 2, 2019, on the alleged appointment of Mr. Mutiu Olaniyi Adio Sunmonu, CON, to head an Interim Management Team at Oando may have been executed without recourse to due process.

Oando to challenge SEC’s ruling on forensic audit

Oando Plc said on Friday that it would challenge the Securities and Exchange Commission (SEC) ruling on the outcome of its forensic audit.
Nigerian Stock Exchange NSE

NSE gains N1.9 trillion as MTN lists 20.35 billion shares

The market capitalisation of equities listed on the Nigerian Stock Exchange rose by N1.90tn on Thursday after MTN Nigeria Communications Plc listed 20.35 billion shares on the Exchange.

Wema Bank resumes dividend payment, declares N1.16 million payout

Wema Bank Plc has declared N1.16 million dividend, translating to N0.03 per share for its shareholders, for the year ended December 31, 2018, after 15 years of non-dividend payment.

Recent Stories

[FILES] This aerial picture shows smouldering peatland after a fire blaize. (Photo by ADEK BERRY - AFP)

Gabon to be first African nation paid to fight deforestation

Gabon will become the first African country paid with international funds to preserve its forests in an effort to fight climate change, the United Nations said Sunday.
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

Ogun may establish two additional universities

The Ogun State Government has revealed that it may establish two additional universities to address the agitation of the people of the Central and Western Senatorial districts respectively.

Kogi Speaker receives defectors into APC

The Speaker of Kogi State House Assembly, Hon. Mathew Kolawole, has formally received some members of the opposition parties who recently defected to the ruling All Progressives Congress (APC).

‘Yahoo boy’ runs mad, strips self naked in Ekiti

There was drama on a major highway in Ado Ekiti, the Ekiti State capital, when a young man suspected to be an Internet fraudster ran mad in full public glare on Sunday evening.

Bandits release 30 more captives in Zamfara

The peace efforts initiated by the Zamfara government have continued to yield more fruits with 30 additional captives released by bandits on Sunday, after eight months in captivity.