Business

Airtel Africa will list its shares on the Nigerian Stock Exchange (NSE) on Friday, July 5, TheCable understands. The company listed its shares on the London Stock Exchange on Friday morning and is…

Global ride-hailing firm, Uber Technologies Inc. is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive…

Arnergy, a Nigerian energy startup, says it has raised $9 million in a Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for…

Airtel Africa Ltd’s planned initial public offering on the London Stock Exchange is expected to price at 80 pence, the bottom end of its indicated price range, one of the bookrunners handling the…

Airtel Nigeria Ltd has opened its much awaited Initial Public Offering in Nigeria. The third largest telecommunications company in Nigeria by subscriber base announced a few weeks back that it…

The Securities and Exchange Commission (SEC), has disagreed with a motion filed by Oando Plc‘s to join in the suit filed by its Group Chief Executive Officer, Wale Tinubu and his Deputy Omamofe…

The United States-based financial data media house, Bloomberg, says a former Minister of Defence, Lt.Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn). This is the first time…

Olumide Adeosun, chief executive officer, Forte Oil Plc, says the company will most likely undergo a name change to reflect its new structure. Adeosun spoke at a briefing to unveil strategies the…

Zainab Ahmed, the former minister of finance, says the government has plans to raise value-added tax to 7.5% by 2020 from the present 5%. The former minister made this known on Tuesday while…

Nigerian Senator, Abdullahi Adamu, and 240 other individuals have been named as delinquent debtors of First Bank Plc. An advertorial published by the bank in the Monday, June 24, 2019 edition…

There are indications that the new minimum capital base requirements for Nigeria’s banks would range between N35 billion and N230 billion going by the new position of the Central Bank of Nigeria, CBN.Yesterday, speaking…

Prudent Energy Services Limited, the new majority shareholder of Forte Oil Plc, is set to acquire fresh N22 billion worth of shares of the company. The public takeover bid, expected to be…

Oando Plc on Monday urged the Federal High Court in Lagos to join it in a suit filed by its Group Chief Executive Officer Wale Tinubu and his deputy Mr. Omamofe Boyo.against the Securities and Exchange…

The Central Bank of Nigeria says the country’s external reserves now stand at 45 billion dollars as of June 2019.The CBN Governor, Mr Godwin Emefiele, disclosed this while reeling out the policy road map for his five years…

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. Emefiele made this known on Monday while…

The Nigerian Ports Authority has cancelled the contract for the $2.6bn Badagry deep seaport project, stating that the deep seaport master plan was wrongly done. This is even as the agency explained that it had begun the…

The World Bank says it will give a total sum of $200 million to over 60,000 Nigerian farmers through its Productivity Enhancement and Livelihood Improvement Support (APPEALS) initiative. This…

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) yesterday said it had recovered and remitted into the Federation Account N48.7 billion collected as taxes on behalf of the Federal Government by deposit…

Stakeholders in the capital market have urged Oando Plc and the Securities and Exchange Commission (SEC) to opt for an out-of-court settlement of their dispute in the overall interest of the…

The Federal Government has taken the verification and payment of ex-workers of the defunct Nigeria Airways Limited (NAL) in Diaspora to London, United Kingdom (UK). The two-week exercise, which will be conducted by an…

Only high net-worth individuals and institutional investors that have a minimum of $3 million in investable assets will be offered shares in the upcoming initial public offers (IPO) of Airtel Africa.…

Huawei filed a lawsuit against the U.S. Commerce Department on Friday challenging whether telecommunications equipment it sent from China to the United States, and then back to China, is covered…

Drug prices in Nigeria may increase by as much as 100 percent in just a matter of weeks. This is because of the recent hike in the price of drug registration by the National Agency for Food and…

Concerned with the stagnant state of the nation’s economy marred with inconsistent foreign exchange earnings through oil export, the Association of Bureaux De Change Operators of Nigeria has…