Author: PageOne

Stanbic Capital To Lead MTN Listing On NSE
Big Business

Stanbic Capital To Lead MTN Listing On NSE

MTN is finally preparing the listing of its shares on the Nigerian Stock Exchange, NSE. The company said it has appointed Stanbic IBTC Capital Limited to facilitate the process. The company said Stanbic IBTC Capital Limited would be exercising the mandate together with its affiliates, such as Standard Bank of […]

Seplat Suffers USD61 Million Net Loss In H1
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Seplat Suffers USD61 Million Net Loss In H1

Seplat PLC, one Nigeria’s indigenous oil and gas company reported that it suffered USD61 million net loss in its half year 2016 result. Net loss for the first six months was US$61million on gross revenue of US$143 million; cash flow from operations before movements in working capital was US$42 million, […]

Novare Lekki Mall Set To Open
Big Business

Novare Lekki Mall Set To Open

Novare Equity Partners, one of Africa’s key investors in modern retail property is gearing towards launching Novare Lekki Mall, its first shopping mall in Lagos. Based on the information released by Novare, Shoprite and Game are anchor tenants for the mall. According to its filings, Novare launched its first fund, the Novare […]

Facebook Q2 2016 Revenue Surge by 59%
Big Business

Facebook Q2 2016 Revenue Surge by 59%

Facebook Inc, has just released its Q2 2016 financial result showing its revenue surge to USD6,436 billion compared to USD4,042 billion the company recorded in the first quarter. We’re particularly pleased with our progress in video as we move towards a world where video is at the heart of all […]

Danjuma Now nTel’s Chairman
Big Business

Danjuma Now nTel’s Chairman

As a fallout of Skye Bank’s Chairman financial debacle, NatCom Development & Investment Limited “NatCom”, known as  NTel has appointed Theophilus Danjuma as its Chairman. NTel is a 4G LTE data and voice provider with city specific focus. His appointment means that he is now the majority shareholder of the company. […]