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CATEGORY

Companies

Nigerian Breweries Posts First Q1 Loss in More Than a Decade

It appears Nigerian Breweries Plc has capitulated to intense competition, currency volatility, inflationary pressures, rising borrowing cost, and decrepit infrastructure as the company posted...

BUA Cement Q1 Revenues Hit N106.35bn Amid Higher Input Costs

BUA Cement Plc, the second largest cement manufacturer in Nigeria by total installed capacity, saw sales grow by 9.66 percent to N106.35 billion in...

GACN Pays N2.513bn to Gas Suppliers for Geregu Power

A payment of N2.513 billion has been made directly to gas suppliers on behalf of Geregu Power Plc by the Gas Aggregation Company Nigeria...

BUA Foods Posts Blow-out Profit in First Quarter of 2023, Defies Economic Headwinds

Nigeria’s leading food manufacturing company BUA Foods released its 2023 first-quarter earnings showing profit before tax rose a whopping 85% to N49.5 billion. Earnings per share...

BUA Foods Consistent Earnings Growth Validates Top Stock Performance

BUA Foods Plc consistent strong earnings growth even amid a tough and unpredictable macroeconomic environment validates the consumer goods giant being one of the...

MTN Nigeria’s Reports Q1 Profit of N101.3bn as Subscriber’s Hit 76.7mln

MTN Nigeria communications Plc has reported first quarter (Q1), 2023 after-tax Profit of N101.3bn as its subscriber base rose 9.4 percent to 76.7 million,...

Union Bank N1.495trn Judgement Debt Presents Major Risk to Operations

Union Bank of Nigeria in its ordinary course of business is involved in a number of litigation related contingent liabilities amounting to N1.497 trillion...

Dangote Cement Maximises Shareholder Returns Through Debt/Equity Optimisation

Dangote Cement Plc manages its capital structure to ensure that it will be able to continue as a going concern while maximising the return...

Transcorp to List Power Subsidiary in 5-years, Acquire More Assets

Transnational Corporation Plc (Transcorp), Nigeria’s largest listed conglomerate, will list its power subsidiary on the Nigerian Exchange Group (NGX), in 5-years’ time, and will...

MultiChoice Increases Price of DSTV Packages in Nigeria Again

MultiChoice Nigeria, a satellite TV provider, announced an increase in the prices of its DStv and GOtv packages via text message to its subscribers...

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