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CATEGORY

Companies

Cement Makers Succumb to Inflationary Pressures, Gas Shortages as Earnings Slump

Cement makers in Africa’s largest economy capitulated to aggressive inflationary pressures, gas shortages and currency devaluation that balloon dollar denominated operating costs, leading to...

Legal Claims Against Stanbic IBTC Hit N68bn as AMCON Suit Adjourned To Dec 06

Stanbic IBTC Group litigation portfolio has hit N68 billion as as at 30 September 2022. This consisted of 398 cases with aggregate value of monetary...

MTN, Airtel Plan Energy Transition to Bolster Profit Margins

The owners of MTN Nigeria Plc and Airtel Africa Plc, the two largest telecommunication firms in Africa's most populous nation, are dexterous and proactive...

Transcorp Optimises Existing Resources and Delivers Returns to Shareholders

Transnational Corporation Plc or Transcorp, the largest conglomerate in Africa’s most populous nation has done well even amid a challenging environment. In short, the company...

Coronation Insurance Premium Income Surges on Innovative Products

The introduction of innovative products that are increasingly making an inroad into the Nigerian marker has added impetus to the premium income of Coronation...

Airtel, Seplat Announce Interim Dividend Currency Exchange Rates

Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and London Stock Exchange, has confirmed the currency...

Nestlé Partners Africa Food Prize to Strengthen Food Security, Climate Change Resilience

Nestlé announced today that it is partnering with the Africa Food Prize to help accelerate the transformation of food systems in Africa, as a...

Debt Laden Ardova Plc Posts N4.34 bn Loss

It appears borrowing has not paid off for Ardova Nigeria Plc as the downstream oil and gas giant posted a net loss of N4.34...

LCCI Hails Dangote on the Provision of Infrastructure, Job Creation

Dangote Industries Limited sustained efforts at providing basic infrastructure through various intervention projects have received the commendation of the Lagos Chamber of Commerce and...

BUA Cement Provides Borehole, Transformer to Sokoto Communities

Abdulfatai Abdulsalami, Sokoto Bua Cement during the week inaugurated a 10,000 litre capacity mechanised borehole at Gagi in Sokoto South local government and 500kva electricity transformer...

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