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Corporate and Commercial

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MTN Nigeria Raises N125bn via Commercial Papers

MTN Nigeria has raised N125bn through issuance of commercial papers to boost its short-term working capital and funding requirements. In a notice to the Nigerian Exchange Limited on Monday, the company said that it had completed the Series 4 & 5 Commercial Paper…
08/03/2023

Flutterwave Denies Losing N2.9bn to Hackers

African fintech unicorn Flutterwave has denied losing the sum of  ₦2,949,557,867 to hackers. It was earlier reported on Sunday that hackers stole the sum of ₦2,949,557,867, from the accounts of the company and over 300 customers were affected by the fraudulent act. Meanwhile, the…
06/03/2023

Rising Inflation Worsening Poverty, LCCI Warns FG

The Lagos Chamber of Commerce and Industry has warned that the sustained rise in the general price level in recent times has caused some weakening in purchasing power. The chamber, in a statement signed by its Director-General, Chinyere Almona, said the rising inflation…
20/02/2023

MTN Shareholders Approve 7.5 Billion Shares Cancellation

In a bid to beat the December deadline, the shareholders of MTN Nigeria Plc have approved the cancellation of 7.5 billion unissued shares, the company has disclosed. In a public disclosure on the Nigerian Exchange Limited on Monday, the telecoms company’s shareholders also…
20/12/2022

No Plan To Raise Cement Price – Dangote

Dangote Cement Plc, has denied any form of price increase in it products. The clarification was made by the company following a recent publication that Dangote Cement plans fresh increase. The senior general manager, branding and communication, Dangote Industries Limited, Mr Sunday Esan said…
04/12/2022

CAC Explains How New CAMA Enhances Transparent Procurement

The Corporate Affairs Commission (CAC) has stated how the extant Companies and Allied Matters Act (CAMA, 2020) is helping to enhance transparency in public procurement in Nigeria under the ‘Beneficial Ownership’ of companies in its provisions. A principal manager of the CAC, Mr.…
02/12/2022
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