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Nigeria’s railway e-ticketing platform launch set for next week

Arakunle KayodeJanuary 15, 2021

Nigeria’s railway e-ticketing platform launch set for next week

By Arakunle Kayode   Rotimi Amaechi, Nigeria’s minister for transportation, has through a tweet post on his official Twitter handle on Wednesday, revealed that the federal government of Nigeria will commence an e-ticketing platform for the Nigerian Railway Corporation (NRC) one week from now. This followsearlier disclosures that the government has started test bookings on […]

Ardova enters acquisition talks with Enyo as part of expansion drive  

Charles AbuedeJanuary 15, 2021

Ardova enters acquisition talks with Enyo as part of expansion drive  

By Charles Abuede   Ardova Plc, the successor company of the former Forte Oil, has disclosed that it is in talks with Enyo Retail and Supply Limited with a view to acquiring it. Enyo is regarded as one of the newest and fastest growing retail and supply firms in the Nigerian downstream oil and gas […]

DHL invests 126.5m rand in South Africa’s retail warehousing, logistics sector in expansion drive

Charles AbuedeJanuary 14, 2021

DHL invests 126.5m rand in South Africa’s retail warehousing, logistics sector in expansion drive

By Charles Abuede   DHL Global Forwarding, in a strategic move that will see it reinforce its commitment and cement its market-leading position in South Africa has announced the investment of 126.5 million South African rand into a new warehousing facility in Johannesburg. The new investment deal will see DHL Global boast of 10,000 square […]

Coca-Cola appoints Olajide VP/MD, Nigeria operations, in global restructuring

Onome AmugeJanuary 12, 2021

Coca-Cola’s appoints Olajide VP/MD, Nigeria operations, in global restructuring

By Onome Amuge   The management of The Coca-Cola Company has confirmed the appointment of Alfred Olajide as its new vice president and managing director of operations in Nigeria following a global restructuring aimed at furthering the leading multinational beverage company’s aspiration to emerge stronger amidst a fast-changing global business environment. The new structural adjustment […]

Prudential Zenith Life exceeds minimum capital requirement    

Zainab IwayemiJanuary 7, 2021

Prudential Zenith Life exceeds minimum capital requirement    

  By Zainab Iwayemi   Prudential Zenith Life says it has raised its share capital to N5 billion, an amount that exceeds the minimum capital life insurers are supposed to meet by end of December, 2020, as stipulated by regulator, National Insurance Commission (NAICOM). NAICOM had directed that insurers meet up 50 per cent to […]

Axa Mansard optimistic over 2020 returns despite year’s crises

Zainab IwayemiJanuary 5, 2021

Axa Mansard optimistic over 2020 returns despite year’s crises

By Zainab Iwayemi   Axa Mansard, a composite risk underwriting firm, has reported its third quarter 2020 trading activities showing an after-tax profit of N5.7 billion, an amount which is nearly double its 2019 full-year profit despite the lockdown occasioned by Covid-19 and the #EndSARS protest. On the back of this, the insurance firm has […]

Peace Mass Transit takes major interest in C&I Leasing through loan stock acquisition

Charles AbuedeJanuary 5, 2021

Peace Mass Transit takes major interest in C&I Leasing through loan stock acquisition

By Charles Abuede   Peace Mass Transit Limited, a transport, haulage and logistics services provider for businesses, individuals and intercity/interstate travellers in Nigeria has announced its acquisition of C&I Leasing Plc’s 313,326,316 units of the Neoma Africa Fund L.L.C. (formerly Aureos Africa Fund, L.L.C.) unsecured variable coupon redeemable convertible loan stock in registered units of […]

BUA Cement eyes dual listing after 37.82% oversubscription of N100bn corporate bond

Charles AbuedeJanuary 5, 2021

BUA Cement eyes dual listing after 37.82% oversubscription of N100bn corporate bond

By Charles Abuede   BUA Cement Plc has revealed that following the successful conclusion of its N100 billion bond offering during its Series-1 fixed-rate senior unsecured bond issue under the company’s maiden N200 billion bond issuance programme, an application to dual list the bonds on relevant exchanges would be made. The company said the dual […]

After breaking even in Nigeria, Opay eyes expansion in North Africa in 2021

Charles AbuedeDecember 30, 2020

After breaking even in Nigeria, Opay eyes expansion in North Africa in 2021

By Charles Abuede   Shortly after breaking-even in Nigerian market, OPay, a Nigerian Fintech start-up founded by Opera, has revealed plans to expand its payments service footprints to North Africa in the early months of 2021. This decision comes after Covid-19 precincts led to a prickle in transactions on its platform. According to Iniabasi Akpan, […]

Jumia’s Poignonnec talks laying groundwork for growth, off shooting divisions, new markets

Charles AbuedeDecember 17, 2020

Jumia’s Poignonnec talks laying groundwork for growth, off shooting divisions, new markets

By Charles Abuede   Sacha Poignonnec, co-chief executive officer of Jumia Technologies AG, has said it is time to lay the groundwork for the next phase of growth in the company, with the e-commerce giant looking ahead of an immediate objective of generating profits from its spearheading African e-commerce business, spreading out longer-term plans to […]

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Oil trades near $46 as Nigeria, Libya await decision to cap crude output

Frontpage July 18, 2017

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Payment of salary to workers not on IPPIS will end by October 31 —Buhari

Frontpage October 8, 2019

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Nigeria’s state oil firm issues crude oil contracts expected to last for two years

Frontpage May 14, 2018

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BREAKING: MTN finally lists on NSE — adds N1.83trn to market cap

Frontpage May 16, 2019

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Nigeria’s bad bank, AMCON, seeks anti-graft agency, EFCC, collaboration to recover N4.6trn debt from recalcitrant obligors

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