Big Business

Heineken sales flops further in Nigeria
Big Business

Heineken sales flops further in Nigeria

The world’s second largest brewer, Heineken NV, said its beer sales volume in Nigeria has continued to fall below estimates. Operating as Nigeria Breweries Plc, Heineken operates the largest brewing operation in Africa’s largest economy where it now faces stiff competition from AB inBev’s Interfact Breweries and Diageo’s Guinness Nigeria […]

Seplat disowns chairman’s lawsuit
Big Business

Seplat disowns chairman’s lawsuit

SEPLAT said it has been made aware of some media publications on the enforcement by the Federal High Court in Ikoyi, Lagos, Nigeria. The lawsuit is a $114 Million judgment made by a UK High Court against Shebah Exploration & Production Company Ltd, Allene Ltd and Dr. Ambrosie Orjiako who […]

MTN Nigeria to jettison NSE listing
Big Business

MTN Nigeria to jettison NSE listing

Nigeria’s largest mobile carrier, MTN said it might abandon its plans to list its shares on the Nigerian Stock Exchange. NSE. It would be recalled that MTN had agreed with the Nigerian government to list 30% of its shares on the NSE as a result of the renegotiation of the […]

CBN renames Skye Bank to Polaris Bank
Big Business

CBN renames Skye Bank to Polaris Bank

The Central Bank said it has renamed Skye Bank to Polaris Bank which signals its take over by the apex bank. The Central Bank has as a result of this revoked the license of Skye Bank. The apex┬ábank said it has injected about N786 billion into the bank to recapitalise […]