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

For Dairo Emmanuel, the founder of Red Circle Digital Agency, establishing a digital company as such was not surprising to many people. “I’ve always been the creative guy that addresses people’s marketing and branding needs. Nothing interests me more than creatively providing solutions to things, and with my portfolio,...
The reported fire outbreak at the Kogi State House of Assembly on Monday may have exposed the internal wrangling occasioned by deep-seated animosity between members of the Kogi Assembly and its leadership. Feelers are that majority of members of the House are said to be opposed to the various methods...
Ecobank Transitional Incorporated (ETI), and its Nigerian subsidiary, Ecobank Nigeria Ltd, may be sued for $100 billion or its naira equivalent. Those who are pressing for petitioning of the financial institutions are outsourced drivers, who were drawn from Integrated Corporate Service Limited (ICSL), FOSAD, Harvard Se- curity, KS Sharon, and...
Managing Directors (MDs) of Portland paints and Chemical and Allied Products (CAP), Bolarin Okunowo, and David Wright, have respectively reacted to a proposed acquisition deal. Recall that Chemical and Allied Products was set to take over Portland Paints’ assets, liabilities, and business undertakings including its real property and intellectual property...
Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for 3 consecutive years. A total of N97.24 billion was paid by Dangote Cement in 2020, N173.93 billion in 2021 and N141.69 billion in...
President Muhammadu Buhari has invited French investors to come and put their money to work in Nigeria, as he assured them of a safe business environment. During his keynote address in Paris, France, during the one-day Nigeria International Partnership Forum, Buhari, in spite of the alarming inflation rate and foreign...
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...
Shareholders of Dangote Cement, unanimously on Tuesday, December 13, 2022, authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution. The company had earlier indicated an interest in undergoing a share buyback programme,...
Air Peace, a Nigerian private-owned airline, has sacked no less than 70 pilots across its fleet and has reduced its staff salaries by up to 40 percent. Punch reports that a member of the National Association of Aircraft Pilots and Engineers (NAAPE), who craved for anonymity made this disclosure. Why the...
Contrary to reports by Bloomberg that Dangote Cement was granted sole approval to export cement through the land borders, information has emerged that other companies also got approval to export through the land borders. Nigerian Customs Service (NCS) has reportedly revealed that BUA Group and a gas company have...