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Read the latest company news in Nigeria across all sectors, including insurance, oil, and investment.

Shell Nigeria has explained that its Bonga Oil Field project suffered a setback due to operational glitches. Sources in the oil and gas firm, who made this disclosure, said the oil field has suffered setbacks, such that the completion of its expansion has been postponed by two years. What you should...
Touch and Pay (TAP), a cowry card payment system, has now joined the W22 Y Combinator accelerator programme as the tech startup seeks to realise its core objective of widespread adoption of cashless transactions. The addition of Touch and Pay to the accelerator programme brings the number of tech...
A United State investment firm, QED, has hired two Nigerians, Gbenga Ajayi, and Chidinma Iwueke to oversee its operations in Africa. QED, which is based in Alexandra in the state of Virginia, United States, disclosed that Ajayi is in charge of African investment while Chidinma is recruited as partner to...
African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per cent reduction in the importation of petroleum productions into the continent. Besides, the organisation expressed a belief that the success of Dangote Refinery project could incentivise the rise of similar projects...
Parallex Bank, a newly-established financial institution, has transited into a Deposit Money Bank (DMB) barely three days after its launch. Addressing stakeholders at the bank's corporate head office in the Victoria Island area of Lagos, Parallex Bank's Chief, Adeola Philips disclosed that the financial institution has secured the Central Bank...
The supreme court has announced the reversal of its earlier verdict which struck out an appeal by Guaranty Trust Holding Company Plc (GTCO) formerly known as GTBank against the N2.4 billion judgment given in favour of Innoson Vehicles Manufacturing, an automobile company. The apex court said it erred and the...
The Nigerian National Petroleum Company (NNPC) would soon embark on restructuring to enable it to become more commercially viable. Disclosing this with the staff of the Nigerian state-owned company, the Group Managing Director/Chief Executive Officer of the organisation, Malam Mele Kyari said the strategic move would see the corporation letting...
President of Dangote Group, Aliko Dangote, has charged African leaders and citizens to be united in the promotion of the continent’s intrinsic greatness through improved trade relations amongst African countries. Speaking at the formal launch of the Pan-African Payment & Settlement System (PAPSS), which is a centralised payment and settlement...
The support of Nigeria's leading digitally-driven financial institution, Wema Bank, for Small and Medium Enterprises (SMEs) has been recognised in the 2021 KPMG Nigeria Banking Industry Customer Experience Survey. The report classifies Wema Bank as number three in SME Banking, this is three places higher than the bank’s 2020 classification. Wema...
Seasoned economist Bismark Rewane has predicted that this year (2022), financial technology companies (fintech) would experience a fresh wave of growth and opportunities compared to the preceding years. The Chief Executive Officer (CEO) of Financial Derivatives, a research company that provides insight for investment purposes, made this prediction, as a...