naira metrics news

Two years after MTN Nigeria’s initial public offering (IPO) plan was extended due to ‘conditions that are not inconducive‘, the Chief Executive Officer of MTN Group, Rob Shuter disclosed that its local subsidiary will list on the Nigeria Stock Exchange (NSE) this year. Shuter told CNBC at the...

Notore Petrochemical Industries Plc today held its first investor conference call, after listing on the Nigerian Stock Exchange (NSE) last week. The company had earlier released its results for the nine months ending June 2018. Present during the call were the Group Chief Executive Officer...

Andela, the company building high-performing engineering teams with Africa’s most talented software developers, today announces the launch of a pan-African technology hub in its fourth African market: Kigali, Rwanda. To fuel the expansion, Andela is partnering with the Government of Rwanda...

Konga, Nigeria’s leading e-commerce giant is set to relaunch Pay On Delivery (POD) from August 1st 2018, starting with customers in Lagos before extending the service to other states from September 1st 2018. This is after effectively achieving same day delivery of approximately … Read more...

The Group President/CE, Dangote Group, Aliko Dangote, on Thursday, July 5, 2018, signed an agreement with Katsina State Governor for reviving and upgrading the moribund Songhai project in Dutsinma town, under a 10-year lease agreement. The initiative which will see an initial investment of...

Dangote Cement Plc may carry out the much-awaited listing of its shares in London Stock Exchange after next year’s general election. Edwin Devakumar, Group Executive Director, Dangote Industries Ltd disclosed this during an interview in Lagos. He said: “We are working on it … Read more via...

The African Development Bank (AfDB) and African Export-Import Bank (Afrexim) are to invest the sum of $20 billion in two projects spearheaded by the Federal Government, in the aviation sector. This is according to reports by Thisday. The ADB had … Read more via Nairametrics –...

Independent Corrupt Practices and other related offenses Commission ICPC has preferred charges against the suspended Director -General of the Securities and Exchange Commission, SEC, Mr. Mounir Gwarzo. According to the Punch, the charged sheet with number CR /185 / 18, which was filed before a...

SEC Securities and Exchange Commission SEC has revealed plans by the West African Securities Regulatory Authorities (WASRA) to harmonize existing rules used by the capital market regulatory agencies of the region in a bid to ensure that cross-border listing is carried out … Read more via...

Aliko Dangote, President, Dangote Group Dangote Industries Limited (DIL) has announced the appointments of new executive directors. In the new announcement Olakunle Alake the erstwhile Chief Operating Officer (COO) is now the Group Managing Director. Dr. Adenike Fajemirokun, the Group Chief...

Spectranet is one of the foremost internet service providers (ISP) in Nigeria and was the first to introduce 4G LTE internet service in the country. As a result, the company controls about 50% market share and still has a lot of growth potentials. Unfortunately, Spectranet is currently faced...