The Nigerian Stock Exchange, NSE will be reviewing the NSE 30 index and six sectoral indices available on the bourse Africa’s largest economy. The NSE has since issued the notice that will see the downgrade or removal of certain stocks from the NSE 30 index. Conoil PLC, a downstream oil […]
Data management and cloud storage solutions provider NetApp has appointed Morne Bekker as the new South African Country Manager and District Manager for the SADC Region. Mr. Bekker brings to the company a wealth of experience in the IT industry, Morne will be responsible for all NetApp business across the […]
Bonds, stocks and cash equivalents are the three main genetic asset classes. Bonds are also known as fixed-income securities, a bond is a debt investment in which an investor loans money to an entity either corporate or governmental which borrows the funds for a definite period of time at a fixed interest […]
Etisalat Nigeria said it has paid back 42% of its USD1.72 billion loan it owes 13 local banks and another international lender. Ibrahim Dikko, spokesperson for the fourth largest mobile carrier said the company has been paying back the facility and that it only has about USd575 million left. The […]
Linkage Assurance Plc said its profit for the year was NGN544.5 million in contrast to NGN 508.5 million recorded in the year 2015, which represents 7% fall. The insurance company said it recorded NGN4.0 billion as gross premium written compared NGN53.7 billion recorded same period 2015. Gross premium income for the […]
Curro Holdings has acquired Southern Business School Proprietary Limited. The group said it will unbundle Stadio in the course of the year. About Curro Holdings CURRO SCHOOLS accommodate learners from age 3 to grade 12. Class sizes are limited to a maximum of 25 learners per class and the IEB […]
The consortium of 13 banks involved in Etisalat Nigeria’s USD1.2 billion loan has allegedly called on the Federal Government of Nigeria to investigate the management of the company. A source close to the banks said that the banks want the government, through the EFCC, to wade into the matter, by […]
In the most challenging year for Nigerian companies, Conoil PLC, a downstream oil major has posted a net profit of NGN2.8 billion for the financial year. In comparison to its 2015 result, the result shows a 23% year on year growth in profitability, a positive result given the worst recession […]
After its acquisition of 60% stake of ExxonMobil’s shares in Mobil Oil Nigeria, Nipco Investment said it is offering to up its stake in Mobil Oil to 70%. As part of the share acquisition, Mobil Oil’s minority shareholders are offered NGN417.12 per share for the 3.23% of the capital, or […]
Bolloré Logistics has been handed a two year contract to officially manage Unilever warehouse. The logistics company confirmed in a report that it has been managing the warehouse on behalf of the fast moving consumer goods selling outfit. Since September 2016 Since September 2016, Bolloré Logistics Nigeria handles a warehouse […]