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Axa Mansard Divests Pensions Subsidiary to Verod Group

AXA Mansard Insurance plc, has announced the divestment from its subsidiary, AXA Mansard Pensions Limited to Verod Group. After obtaining the Shareholder’s approval at the...

 FCMB CEO Admits N573m Wrongly Posted to Prophet Omale’s Account

The Salami-led panel probing allegations of corruption against suspended EFCC Chairman, Ibrahim Magu, was stunned on Thursday when the MD/CEO of FCMB, Adam Nuru,...

NNPC Signs Deal with CNOOC, SAPETRO over Offshore-Oil Exports Disputes

The Nigerian National Petroleum Corp., (NNPC) said in a statement on Twitter it signed a deal Thursday with China’s Cnooc Ltd. and Lagos-based South...

Trump Issues Order Banning TikTok, WeChat

President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing business with the Chinese-owned TikTok and WeChat apps beginning 45...

Conoil Profits Slide 67 percent in Q2 on Lower Sales

Conoil Plc, an oil marketer has reported second quarter (Q2), 2020 results showing a 67 percent slide in profits largely as a result of...

Agusto, GCR, affirm Infracredit ‘AAA’ Long Term Credit Rating , with Stable Outlook

Reflecting the strong fundamentals and credibility of Infrastructure Credit Guarantee Company Limited (“InfraCredit”), foremost rating agencies, Agusto & Co (“Agusto”) and Global Credit Ratings...

Custodian Investment in Binding Deal with UAC to Buy 51% of UPDC

The board of directors of Custodian Investment Plc have announced that a binding agreement has been signed with UAC of Nigeria Plc (UACN), for...

Eterna Oil Reports N66.5m Loss in H1 as Sales Slump  

In another sign of the squeeze on petroleum marketers, Eterna oil has reported N66.5million in losses in the Half Year period to June 2020,...

United Capital Insider in 500,000 Share Purchase

The head of portfolio management at investment firm United Capital, Kayode Tinuoye has just purchased 500,000 shares according to a filing on the Nigerian...

Unilever to Sell Tea Business in Nigeria, Other Locations

Unilever Plc, the parent company of Unilever Nigeria has announced plans to separate its tea business in Nigeria and other geographical locations. In January, Unilever...

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