Posted in NAIJA BIZ

Is Forte Oil Plc considering changing its name following acquisition?

There are strong indications that the new management and board of Forte Oil Plc may soon change the company’s name as part of a strategic rebranding process….

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First Bank to redeem $450 million notes ahead of maturity date

FBN Holdings Plc‘s largest subsidiary, First Bank of Nigeria Limited, has disclosed its intended early redemption of the fixed-rate $450 million subordinated note held by FBN…

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Nigerian Breweries launches series 3 and 4 of its Commercial Paper issues

Nigerian Breweries Plc has notified the Nigerian Stock Exchange and the investing public its intention to raise up to N15 billion in the third and fourth…

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Konga’s former CEO, Sim Shagaya, explains the main problems facing SMEs

Nigerian serial entrepreneur and former CEO of Konga, Sim Shagaya, has shared some insights into the challenges facing Nigerian SMEs today. He explained that contrary to…

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CBN’s Emefiele said oil discovery threatened Nigeria’s economy

Governor Godwin Emefiele of the Central Bank of Nigeria (CBN) has stated that the discovery of oil is what exposed Nigeria’s economy to vulnerability. While…

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Expected N351 billion FGN Bond Maturity Boosts Auction Demand

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds….

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Why Airtel’s IPO is not for you.

Airtel Nigeria Ltd has opened its much awaited Initial Public Offering in Nigeria. The third largest telecommunications company in Nigeria by subscriber base announced a…

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Kwara innovation hubs to create 2,000 jobs

The Kwara State Government is set to create innovation hubs that will generate at least 2,000 jobs in the manufacturing sector. According to the State Governor, Alhaji…

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Innoson boss reacts to arrest warrant, says GTBank is responsible

The founder and chairman of Innoson Nigeria Limited, Innocent Chukwuma has reacted to the arrest warrant issued by the Federal High Court yesterday. The court had…

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AfDB to finance road, airport and smart city in Ekiti State

The African Development Bank (AfDB) will be financing road project and upgrade of airport in Ekiti State. AfDB will also provide technical support for the development of…

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Accountant General says no problem paying N293 billion debt servicing

The Accountant General of the Federation, Ahmed Idris has disclosed that Nigeria’s debt servicing currently being paid will not cause any problem to the economy, due to the…

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Nigerian firm signs $30 million gas cylinder deal in Egypt

An indigenous Nigerian firm, Rungas Industries in partnership with the United Group of Egypt, has secured a $30 million gas cylinder project with the National Organisation for Military Production(Egyptian…

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Oando Plc expresses interest to join Wale Tinubu in suit against SEC

Oando Plc has, through its lawyer Yele Delano (SAN), indicated its interest to join in the suit filed by its Group Chief Executive Officer, Wale…

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CBN is set to recapitalise Nigerian banks again

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced that the apex bank is set to recapitalise Nigerian commercial banks. This…

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Air Peace’s 737 Max order blocked by politics as Boeing struggles to get certification

Nigerian airline operator, Air Peace, is currently caught in a web of global politics as it tries to expand its fleet. Just like some of its…

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Huawei phone users will no longer access pre-installed Whatsapp and other apps

Facebook recently announced it has suspended the pre-installation of WhatsApp, Instagram, and other Facebook apps on Huawei phones. According to reports, Facebook said that new…

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Trading on Nigerian equities has dropped by 44%

Trading in the Nigerian equities market experienced a significant drop in the past five months. According to data obtained from the Domestic & Foreign Portfolio…

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Critical times for Nigeria’s oil money as US-China trade war escalates

Global trade is currently at a standstill, as the Chinese president Xi Jinping and his U.S counterpart President Donald Trump prepare to meet at the…

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Rise in broadband penetration reinforces telecoms’ growth potentials

Latest data from the Nigerian Communications Commission (NCC) has shown that Broadband penetration (measured by the number of broadband subscribers per 100 inhabitants) rose to 33.7% in…

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Forte Oil’s majority shareholder to acquire fresh N22 billion worth of shares

Prudent Energy Services Limited, the new majority shareholder of Forte Oil Plc, is set to acquire fresh N22 billion worth of shares of the company. The…

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