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Corporate News

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

Dangote Industries Limited (DIL) has formally listed its N300 billion Series 1 and 2 bonds issued under the Dangote Industries Funding Plc during a grand listing ceremony at both the FMDQ and the Nigeria Exchange Limited (NGX) in Lagos.  Olakunle Alake, Group Managing Director of Dangote Industries Limited told investors...
The Aliko Dangote Foundation (ADF) has commenced the implementation of its nutrition flagship program, tagged: Aliko Dangote Foundation Integrated Nutrition (ADFIN) program in Kano State. According to the ADF’s Director of Health and Nutrition, Dr. Francis Aminu, the program is in line with the plan to use the newly refurbished...
On Monday, November 29, 2021, Jack Dorsey announced that he had resigned from his role as the Chief Executive Officer (CEO) of Twitter, and Parag Agrawal would take over from him. While noting that his decision to resign from Twitter wasn't an easy one, Dorsey said he was handling it...
Nigerian Exchange Group (NGX) was launched  in Lagos on the 18th of May, to show its commitment to the African financial markets. The event which was titled “The Stock Africa Is Made Of” hosted some business moguls and captains of Industries, with the likes of Alhaji Aliko Dangote, GCON, Chairman, Dangote...
MTN Nigeria has lost no fewer than 400,000 MTN subscribers in less than a month. This is due to claims that MTN data bundles exhaust faster than other networks. Recall that in September,MTN's grip in the telecommunications market slacked as its market share dropped from 40.90% to 40.30%. While MTN was...
A piece of emerging information has it that billionaire Femi Otedola might soon be announced as the chairman of First Bank, as he’s on a shopping spree of the financial institutions’ shares. According to a source who disclosed this development on a condition of anonymity, the energy tycoon is acquiring a lot of shares...
Nigeria’s candidate for the  World Trade Organisation's (WTO) Director-General (DG), Dr. Ngozi Okonjo-Iweala has expressed confidence, saying she's not scared of the ongoing competition with other countries' candidates. As the race for the WTO job enters the final month, Okonjo-Iweala claimed to be uncowed. The 66-year-old said the reforms she spearheaded as Nigerian...
The Nigerian Communications Commission (NCC), has qualified MTN Nigeria Plc, Airtel Networks Limited for its 5G auction, leaving out Glo. According to the telco regulatory agency, Glo was left out because it didn't meet its criteria for the licensing process for the 3.5 gigahertz spectrum which is required for 5G...
The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one of the key expected drivers of growth that would impact positively on the downstream sector of the Nigerian economy in 2022. Likewise, Financial Derivatives Company Limited, a financial institution, in...
Federal Capital Territory Administration (FCTA) has disclosed why L&N restaurant was shut down in Abuja. This follows a claim by the founder of the restaurant over the alleged closure of the restaurant. It all began when the founder of L&N restaurant, Layla Othman accused AMAC, of closing her restaurant while...