Another MTN pain as little-known firm wins N880m trademark case
MTN Nigeria has suffered another setback after a Federal High Court in Lagos ordered the telecom giant to pay N840 million in damages for...
Shell’s Nigeria unit SPDC renamed as sale to Renaissance is completed
Shell has finalized the sale of its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Ltd. (SPDC), to Renaissance, a Nigerian-led consortium, in a...
Huaxin offers Lafarge minority investors 20% premium after Holcim exit
The Chinese firm acquiring Swiss company Holcim’s 83.81% stake in Nigeria-based Lafarge Africa Plc has disclosed its offer details to the cement-maker’s minority shareholders.
Huaxin...
Transcorp Power board approves ₦75m salary for chair, ₦50m for directors
At its twelfth Annual General Meeting (AGM) held on Wednesday Transcorp Power Plc approved a remuneration package that sets the chairman’s salary at ₦75...
China’s Canmax signs lithium deal with Nigeria’s Kebbi state
A Chinese battery materials company, Canmax Technologies, has entered into an agreement to invest $200 million in lithium mining operations in Nigeria.
The deal, formalized...