Shareholders of Guinness Nigeria Plc on Tuesday approved the company’s proposed N40 billion Right Issue aimed at further growing the multinational going concerns. Specifically, at the company’s held Extra-Ordinary General Meeting (EGM), which saw both local and representatives of international shareholders in attendance, other resolutions of the company were passed. Speaking at the meeting, the Chairman Guinness Nigeria Plc, Babatunde …

Oil prices rose on Tuesday on evidence the global market was tightening as lower production by OPEC and other exporters drained stocks. Meanwhile, an increase in drilling in the United States could keep a lid on prices. Benchmark Brent crude was up 40 cents at 55.63 dollars a barrel by 0840 GMT. U.S. light crude was 40 cents higher at …

Active users of telecommunications services in the country increased to 154,529,780 in December 2016, the Nigerian Communications Commission (NCC) has said. The telecommunications industry regulator made this known in its Monthly Subscriber/Operator Data on Tuesday in Lagos. It said that the active telecommunications service customers increased by 580,330 on the figure in November, which stood at 153,949,450. According to the data, 154,124,602 …