Amperion Power Distribution Company Limited, the majority shareholder in Geregu Power Plc, executed a cross-deal stock sale, offloading one million units of its holdings. The transaction,...
Italian oil company Eni has opted to temporarily halt arbitration proceedings related to the oilfield dispute concerning OPL 245 with the Nigerian government. This decision allows...
Nigeria’s manufacturing sector recorded a 88.17% Year-on-Year increase in total capital inflow in the first half of 2023, according to data from the National Bureau of...
Shareholders of Flour Mills of Nigeria have given their approval for the separation of the BAGCO business into a 100% owned subsidiary during the company’s Annual...
Netflix, the world’s leading paid video streaming service, is facing increased competition in Africa with Showmax now surpassing it to become the continent’s market leader, according...
The United Bank for Africa (UBA) Plc has seized the assets of Stallion Nigeria Limited and its subsidiaries in Lagos, Port Harcourt, and Kano, following a...
Africa’s wealthiest individual, Aliko Dangote, recently revealed that his refinery has obtained a license to refine over 300,000 barrels of Nigerian crude per day with plans...
The board of directors at PZ Cussons Nigeria Plc has revised the offer price for the intended share repurchase from minority shareholders, elevating it from N21...
Indian Continent Investment Limited has increased its stake in Airtel Africa by acquiring £57.25 million worth of shares, according to a corporate notice filed with the...
Dangote Cement, one of Sub-Saharan Africa’s leading cement producers, has introduced Series 10 and 11 of its Commercial Papers as part of its N300 billion Issuance...
