Corporate and Commercial

BUA Cement Plc has reviewed the timeline for the implementation of its reduced ex-factory price of N3,500 per bag, saying Nigerians can begin to enjoy the benefits of the price reduction before the completion of its plants. The company’s management, in a…

MTN has agreed on a deal to sell a stake in its fintech business to Mastercard for an undisclosed sum, in line with the operator’s long-term goal of raising cash from asset sales and its financial services platform. In its H1 earnings announcement,…

First Bank of Nigeria Holdings Plc (FBNH) has insisted on electing Femi Otedola, its former highest single shareholder as a director despite opposition from other shareholders. Advertisement FBNH has also amended the agenda of its disputed Annual General Meeting (AGM) to include the raising…

Nigerian Breweries (NB PLC) has taken a significant step that is set to impact beer lovers across the nation, as they announce a price increase on all their products effective August 10, 2023. The company cited the need to review prices due to…

The legal battle between Seplat Energy PLC and its Nigerian minority shareholders may have forced the company to spend at least $19.4m on professional fees to defend its Chief Executive Officer, Roger Brown. Adding to Seplat’s injury is the naira depreciation resulting from the floating of…

Airtel Africa Plc on Thursday reported that it lost $151m due to the harmonisation of the foreign exchange rates in Nigeria. This was disclosed in its second quarter report filed with the Nigerian Exchange Limited. The telecom company said, “Profit after tax was negative…

The Corporate Affairs Corporation has reiterated its management and staff commitment to ensuring speedy service delivery to clients. Alhaji Garba Abubakar, CAC’s Registrar-General, in an interview with newsmen in Abuja, said the commission was ensuring this digitally through its unique portal. “There is no…

The Consumer Rights Project, a Nigerian Think Tank on Consumer Rights and Local Content Development has deprecated the attempt by the promoters of GSK International, operating in Nigeria, to cripple its Nigerian Business at the detriment of Nigerian Shareholders. They have noticed…

The planned Annual General Meeting (AGM) of Seplat Energy Plc is under threat as the Corporate Affairs Commission (CAC) has pulled out of the indigenous energy giant, citing an order made by Justice Inyang Ekwo of the Federal High Court, Abuja, restraining…