Exxon declares force majeure on crude liftings

Exxon declares force majeure on crude liftings

Exxon Mobil Corp. (XOM.N) in Nigeria has declared force majeure on oil liftings from different terminals in the country.Information Guide Nigeria According to REUTERS, the company said on Monday in a statement that this is following industrial action by the company’s in-house workers union. Last year, Nigeria, a member of the Organization of the Petroleum … Read more

Dangote Sugar Refinery Shareholders Approve N18.22bn Dividend

Dangote Sugar Refinery Shareholders Approve N18.22bn Dividend

The shareholders of Dangote Sugar refinery during the weekend approved the N18.22billion dividend payout for financial year ended December 31, 2022.Information Guide Nigeria The shareholders at the 17th Annual General Meeting (AGM) approved the payment of N18.22billion dividend being N0.50 kobo for every ordinary share of 50kobo each and the company’s performance in the year … Read more

Jaiz Bank raises dividends by 25% as profit grows by 68.5%

Jaiz Bank raises dividends by 25% as profit grows by 68.5%

Nigeria’s premier and largest non-interest bank, Jaiz Bank Plc has increased dividends payable to shareholders by 25 per cent.Information Guide Nigeria This was after the alternative bank grew net profit by 68.5 per cent. In a regulatory filing at the Nigerian Exchange (NGX), the board of Jaiz Bank recommended payment of a dividend per share … Read more

Nigerian crypto payment startup shuts down, offers IP for sale

Nigerian crypto payment startup shuts down, offers IP for sale

Nigerian crypto and Web3 company Lazerpay has shut down after failing to raise funds and advises users to withdraw before April 30.Information Guide Nigeria The announcement was made by Nigerian crypto and Web3 company Lazerpay on April 13. According to a statement released on Twitter by Lazerpay founder and CEO Emmanuel Njoku, the decision to … Read more

Oando set to participate at the Nigeria International Energy Summit (NIES) 2023

Oando set to participate at the Nigeria International Energy Summit (NIES) 2023

Nigeria’s leading energy solutions provider, Oando PLC is set to participate as a Bronze Sponsor at the upcoming sixth edition of the Nigeria International Energy Summit (NIES) 2023.Information Guide Nigeria NAIRAMETRICS reports that the event is scheduled to hold at the State House and International Conference Centre, Abuja from April 16 – 20 with the … Read more

Femi Otedola Spends Over billions to Add Transcorp Plc to His Growing List of Investments

Femi Otedola Spends Over billions to Add Transcorp Plc to His Growing List of Investments

Nigerian billionaire businessman, Femi Otedola, has Femi Otedola Spends Over N2bn to Add Transcorp Plc to His growing List of Investments.Information Guide Nigeria LEGIT.NG reports that the business guru has added another feather to his cap of investments with the acquisition of a significant stake in Transcorp Plc.NYSC Portal He now owns about 2.245 billion … Read more

Wema Bank Plc, Conoil Plc, Others Fail To File Annual Reports

Wema Bank Plc, Conoil Plc, Others Fail To File Annual Reports

The Nigerian Exchange Regulation Limited has said eight companies have failed to file their annual audited reports.Information Guide Nigeria According to NAIJA NEWS, they companies involved have also failed to give a reason for their failure. The NGX Reg limited in a statement accused the companies of failing to comply with the directive to issue … Read more

Eclipse Announces $1.23 Billion in New Funds

Eclipse Announces .23 Billion in New Funds

Eclipse has announced $1.23 billion in new funds. The new funds comprises of $720 million for Eclipse Fund V and $510 million for Eclipse Early Growth Fund II.Information Guide Nigeria According to spacewatch.global, this brings the Company’s total assets under management to ~$4 billion. With this capital, the Company intends to continue to partner with … Read more

MTN slashes share price to N232.68 for Scrip shareholders

MTN slashes share price to N232.68 for Scrip shareholders

MTN Nigeria has said that it had reduced its share price to N232.68 in a bid to persuade shareholders to waive dividend payments for its Scrip Dividend Election Plan.Information Guide Nigeria Recall that three weeks ago, RIPPLES NIGERIA reported that MTN Nigeria was planning to convince shareholders into accepting shares in exchange for dividends instead … Read more

MTN Partners with Tecno to introduce impressive features with ‘Tecno Spark 10’

MTN Partners with Tecno to introduce impressive features with ‘Tecno Spark 10’

Tecno has collaborated with MTN Nigeria to launch 5G-enabled Tecno Spark 10 Series for impressive features to tech-savvy Nigerians.Information Guide Nigeria According to VANGUARD, the mobile phone brand said: “With MTN 5G, the latest Spark 10 Series will grant users access to ultrafast internet connectivity and allow them to seamlessly shop, game, play, click, teach, … Read more