Aviation union grounds operations of Kenyan Airways

Kenyan Airways

The National Union of Air Transport Employees ( NUATE) on Tuesday grounded the operations of Kenyan Airways at the Murtala Muhammed International Airport, Lagos  following prolonged disagreement between the union and the airline management over failure to implement welfare programme for workers. Placard carrying members of the Union in the early More...

by metro | Published 2 days ago
By metro On Sunday, December 10th, 2017

577 Firms bid for NNPC Insurance Renewal programme

The Nigerian National Petroleum Corporation (NNPC) said that 577 firms have indicated interest to secure the insurance renewal contract for its oil and non-oil assets. In a statement signed by Mr Ndu Ughamadu, Group More...

Flour Mills
By metro On Friday, December 8th, 2017

Flour Mills of Nigeria plans $127 mln share sale

Flour Mills Flour Mills of Nigeria has filed application to the stock exchange to raise 39.86 billion naira ($127 million) via a share sale to existing shareholders, the bourse said on Friday. The flour manufacturer More...

By metro On Friday, December 8th, 2017

Helios, others bid for Nigerian telecoms firm 9mobile – sources

9mobile Private equity firm Helios Investment Partners has submitted a bid to acquire Nigeria’s 9mobile under a sale process aimed at finding new investors for the debt-laden telecoms firm, one person familiar More...

Sterling Bank
By metro On Friday, December 8th, 2017

Sterling Bank Resuscitates Bond-Sale Plan as Nigerian Rates Ease

Sterling Bank Sterling Bank Plc revived a plan to sell bonds to shore up its capital levels on expectations that Nigerian borrowing costs will ease.  A “more favorable” outlook for interest rates will allow More...

By metro On Wednesday, December 6th, 2017

BUA asks president to intervene in Dangote mining feud

Dangote Nigerian conglomerate BUA group has accused Dangote group of trying to force it to relinquish mining rights in a limestone field as part of a bid to monopolise the cement market and asked the president to More...

By metro On Wednesday, December 6th, 2017

SEC commences fresh forensic audit on OANDO Plc

The Securities and Exchange Commission (SEC) has commenced fresh forensic audit  tinto the activities of Oando Plc.  This commitment is contained in a letter dated December 5, 2017 addressed to Oando Plc.  The More...

CVS Health
By metro On Monday, December 4th, 2017

CVS Health to acquire Aetna for $69 billion in year’s largest acquisition

U.S. drugstore chain operator CVS Health Corp (CVS.N) said on Sunday it had agreed to acquire U.S. health insurer Aetna Inc (AET.N) for $69 billion, seeking to tackle soaring healthcare spending through lower-cost More...

By metro On Thursday, November 30th, 2017

Nigeria’s Seven-Up Bottling Co gets $60 mln takeover offer from majority shareholder

Seven-Up bottling Co. has received an offer from its majority shareholder Affelka to buy out minorities in a 19.33 billion naira ($60.41 million) takeover deal, vice chairman Sunil Sawhney told Reuters. Shares in More...

By metro On Wednesday, November 29th, 2017

Nestle fined $96,500 over substandard Maggi noodles

Authorities in northern India have fined Swiss food giant Nestle $96,500 after food inspectors found contamination in samples of its popular Maggi noodles, two years after the controversy first surfaced. Uttar Pradesh More...