Company News Archives - Business Journal

Nigerian distributed utility company, Arnergy, yesterday announced it has raised $9 million in a Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for Developing Countries (Norfund), EDFI ElectriFI and All On. “We are excited to enter this next phase in Arnergy’s development with investors that share

One of Nigeria’s leading logistics and cargo generating company, Red Star Express Plc, has ventured into the cargo General Sales Agent services (GSA) as part of its expansion drive. This was announced at an exclusive interview with some of the company’s top management staff recently. This service which was introduced last Friday (June 14th), according

Gokada, the Lagos-based on-demand motorcycle taxi app, has secured a Series A fundraise of $5.3 million. Led by Rise Capital with participation from Adventure Capital, First MidWest Group, IC Global Partners and several local investors, Gokada will deploy its investment to expand its driver fleet, increase daily rides by 10 fold  and acquire local tech

Managing Director and Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has again reiterated that the over N5 trillion bad debts, which Nigerians expect AMCON to fully recover before its sunset should be seen as a collective problem that concerns all Nigerians irrespective of their socio-political, ethnic and cultural ideologies.

Siemens launched an extraordinary data visualisation project called FABRIC at the German Africa Business Summit in Accra, demonstrating how crucial data is in transforming Africa’s urban centers into smart cities of the future. This interactive initiative previously launched in South Africa, Nigeria and Kenya showcases African ecosystems and how by understanding data patterns, we can

In continuation of its drive to facilitate ease of access and deliver more convenient services, Nigeria’s largest online vehicle trading platform, Cars45, has partnered with ENYO Retail and Supply, an innovative fuel retail brand, to increase its retail footprints and provide consumers with opportunities to buy, sell or swap their cars at all Enyo service

Nestlé has launched an ambitious Gender Balance Acceleration Plan ‘From Aspiration to Action’ as part of its activities to highlight International Women’s Day 2019. The world’s largest food and beverage company believes that a gender balanced workforce makes business sense as it helps to boost innovation and performance, which as a result, better serves the needs of

NESTLE published Q4-18 and 2018FY results after close of market yesterday, with EPS decline of 7.9% y/y in Q4. According to Cordros Capital, the y/y EPS decline was weighed by significantly higher operating expenditure, higher effective tax rate, both of which offset the increase in gross margin and net finance income. On the 2018FY EPS

L – R shows Mr. Oscar N. Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE) presenting a replica of closing gong to Mr. Rogers A.I. Nwoke, National President, National Association of Microfinance Bank (NAMB) during a Closing Gong Ceremony to address the grey areas or limitations that Microfinance Banks have in listing on The