Companies

Companies

Shell quits Nigeria onshore after 86 years

Oge Udegbunam -
Shell said on Tuesday that it has agreed to sell its Nigerian unit Shell...
Companies

Cadbury Nigeria gives parent company more stake to settle dollar debt

Jane Kalu -
Nigeria's foreign exchange crisis is forcing a major sweet maker to take bitter medicine. Cadbury...
Companies

Syringe company endorsed by former Akwa Ibom governor shuts down

Plu Team -
Jubilee Syringe Manufacturing Ltd., a syringe company that set up in Akwa Ibom in...
Companies

Mastercard’s “contactless payment” allows Nigerians pay without PIN or swiping card

Plu Team -
Mastercard says it has launched its contactless payment solutions, aiming to transform Nigeria's payment...
Companies

Here’s what’s sending multinationals like P&G out of Nigeria

Olawale Afolabi -
The Tinubu administration must address mounting economic related problems for the country to stand...
Companies

Jumia appoints new Nigeria chief executive officer

Plu Team -
E-commerce company Jumia has appointed Sunil Natraj to lead its Nigeria operation from Jan....
Companies

Internet firm Tizeti gets Chapel Hill Denham loan to expand to Abuja, others

Jane Kalu -
Internet company Tizeti says it has obtained an undisclosed long-term financing from Chapel Hill...
Companies

Unilever Nigeria reports reduced Q3 loss after product shift

Eric Ojo -
Unilever Nigeria reported a reduced loss for the third quarter ending September Friday. The consumer...
Companies

Nokia to cut 14,000 jobs amid dwindling sales

Plu Team -
Nokia has announced significant job cuts as part of cost-reduction measures following a 20%...
Companies

Elumelu’s Heirs Holdings rebrands with new name to focus on oil and gas

Plu Team -
Billionaire Tony Elumelu’s investment company Heirs Holdings has rebranded and changed its name to...
Companies

Truecaller expands Nigeria presence, appoints Onwuzurike country manager

Plu Team -
Truecaller has appointed Ogochukwu Onwuzurike as the new Country Manager for Nigeria, signalling the...
Companies

Regulator hints Seplat buy of Mobil Nigeria to move forward

Plu Team -
The Nigerian Upstream Petroleum Regulatory Commission says it is hopeful that the stalled $1.28...
Companies

Electronics giant Toshiba leaving stock market after 74 years

Eric Ojo -
Troubled electronics and energy giant Toshiba will leave the stock market after 74 years...
Sponsored

Norway’s BW Offshore sells oil storage vessel for $20m to Nigerian buyer

Plu Team -
The Norwegian FPSO leasing firm BW Offshore says it has closed a transaction for...
Companies

Olam confirms paying bond for Nigeria director over forex case

Olawale Afolabi -
Agricultural commodities trader Olam Group has confirmed it paid a bond to secure the...
Companies

Olam shares fall to 15-year low after Nigeria forex fraud allegation

Olawale Afolabi -
Olam Group Ltd. shares fell to their lowest level in almost 15 years on...
Companies

MTN Nigeria dumps tower manager IHS for American Tower

Plu Team -
Telecoms company MTN Group Ltd. said American Tower Corp. will take over its Nigerian...
Companies

PZ Cussons confirms it’s delisting Nigeria unit amid forex woes

Olawale Afolabi -
Consumer goods maker PZ Cussons has confirmed it plans to delist its Nigeria unit...
Companies

PZ Cussons Nigeria shares rise on takeover news

Olawale Afolabi -
PZ Cussons Nigeria's shares jumped Monday after its majority shareholder, UK-headquartered PZ Cussons Holdings,...
Companies

Eni sells Nigerian unit Agip to Oando

Olawale Afolabi -
Italian energy group Eni has signed an agreement to sell its unit Nigerian Agip...
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