Stanbic IBTC Holdings plans to raise 24 billion naira ($121 million) in a rights issue once shareholders approve the transaction, the lender said on Wednesday.
Shell has declared force majeure on exports of Nigeria’s Forcados crude oil stream, a spokesman for the company said on Wednesday.
The Federal Executive Council on Wednesday approved the draft of National Policy on Renewable Energy and Energy Efficiency for the country.
Senate President, David Mark, on Wednesday, raised the alarm that the Peoples Democratic Party may be heading for a final destruction if the infighting among its leaders was not immediately resolved.
The Izon-Ibe Global Policy Network, a group of former militant leaders in the Niger Delta, had appealed to the President-elect, Gen. Muhammadu Buhari, to sustain the amnesty programme offered them. The group argued that the programme had curbed youth restiveness in the region.
Governor Rochas Okorocha of Imo State has faulted the appointment of Eze Cletus Ilomuayan as the Chancellor of Federal University, Benin Kebbi, by the outgoing President Goodluck Jonathan.
President Goodluck Jonathan on Wednesday marked five years since he took over the mantle of the nation’s leadership.
Professor Wole Soyinka has denied comments attributed to him concerning the voting pattern of the Igbo in the March 28 presidential election.
Complaints of skin irritations caused by the Apple Watch are appearing in online forums and social networking sites.
Globacom, a Nigerian mobile telecoms operator owned by Adenuga, is lodging a $600 million takeover bid for Comium Cote d’Ivoire, a company that has been grappling with debt and cash flow problems.
The board and management of the Nigerian Breweries Plc will expect the company’s shareholders to approve a dividend of N4.75 per ordinary share of 50 kobo each which translates to N37.205 billion for the 2014 financial year ended December 31, 2014.
With a yearly cement production across Africa standing at about 30 million metric tonnes, Dangote Cement Plc has stated that Nigeria’s per capita consumption of the commodity remains relatively low compared to Asian and European countries.
Shareholders of building materials’ major player, Ashaka Cement, yesterday at its 40th Annual General Meeting held in Abuja, approved the dividend of 45 kobo per ordinary share of 50 kobo, which represents an increase of 7.1 percent over the dividend paid in the previous financial year.
Fuel marketer Total Nigeria said on Tuesday its first quarter pre-tax profit fell 63.4 percent to 625.53 million naira ($3.14 million), from 1.71 billion naira same period last year.