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Companies

Dangote Launches a Circular Economy Programme, Trains Traders on Financial Literacy

Dangote Cement has launched a circular economy programme, called “DangCircular”. The new initiative aims to promote recycling and reuse of scarce resources in society to reduce...

AXA Mansard Reports Improved Underwriting Performance Despite Challenging Environment

AXA Mansard Plc has reported efficient underwriting performance despite claims volatility brought on by rising inflation and currency devaluation. The composite insurer's combined ratio improved...

Rising Interest Rates, Improved Underwriting Performance Spur AIICO Insurance to Growth

AIICO Insurance Nigeria Plc is benefitting from rising interest rates that adds impetus to investment income as the insurer earns more in revenue than...

Guinness Nigeria Reports 19.73% Gross Profit Increase in Q3

Guinness Nigeria Plc announced its financial results for the third quarter that showed strong growth in earnings, which was largely driven by price increase...

Jaiz Bank Ups Gross Income by 26%

Jaiz Bank’s profit rose more than 14% in the third quarter of the financial year 2022, according to its latest regulatory filing on the...

International Breweries Posts N2.80bn Loss on Higher Debt Cost 

International Breweries Plc is not finding it paying interest on money borrowed from financial institutions as rising debt costs tipped the company into a...

Ecobank Transnational Incorporated Repays Holders of Its $400 Million Convertible Debt

Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, announces today that it has repaid upon maturity the 5-year US$400 million...

Julius Berger Services Provides Educational Assistance Scholarships for Students in Host Communities

Nigeria’s leading and most reliable shipping company, Julius Berger Services Nigeria Limited, hosted its Educational Assistance Award Program for Host Communities on Tuesday 26th October at its Warri...

Seplat Posts Bumper Q3 Profit Amid Challenging Environment

Seplat Energy Plc reported third quarter profit that beat analysts’ expectations even amid a challenging environment as key export routes were unavailable because of...

MTN’s MoMo Payment Service Bank Hits Setback as NIBSS Interface Suspended

…active MoMo wallets down 29.4% in Q3 MTN Nigeria’s much hyped fintech subsidiary, MoMo Payment Service Bank Limited, which commenced commercial operations in May is facing...

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