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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...

The paradox of Lower Yield but Higher Risk

It is amazing how everyone looked forward to 2020 as the “magic year” only for the yearning aspirations to be undermined by the unsuspecting...

United Bank for Africa Provides $200 Million for Nigeria’s Petroleum Industry 

The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as the lead arranger of a consortium of Nigerian...

Zenith Bank Insider Makes N8.8m Share Purchase Ahead Q2 Earnings

An insider at Zenith Bank of Nigeria has purchased 578,574 shares ahead of second quarter 2020 earnings results due any minute from now. The shares...

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