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Companies

Cash Strapped Brewers Have Difficulty Paying Short Terms Bills

The unprofitability of brewers that resulted in negative operating cash flows indicates these companies are having a more difficult time paying their short-term bills...

PENCOM Approves Closure of Chevron PFA, Assets Transfer to Stanbic, ARM

The National Pension Commission (PENCOM) has granted final approval for Chevron Nigeria Closed Pension Fund Administrator (CPFA), to exit the pension fund management business...

Capital One Is Buying Discover Financial – WSJ

Capital One plans to buy Discover Financial Services in a deal that would merge two of the largest credit-card companies in the U.S., the...

Battered Nigerian Breweries Earnings Validate Price Hike Amid Exploding Inflation

The worrisomely protracted deteriorating earnings of Nigerian Breweries (NB) and other brewers in Africa’s most populous nation validates another round of price hikes in...

BUA Group Announces 50% Salary Increase For Staff

Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increase for staff across board. Mr Rabiu made...

Universal Profit Surges as Insurance Underwriting Improves

The underwriting performance of Universal Insurance Plc improved in 2023, with the insurer reporting improvement in full-year combined ratio. Of course, the earnings growth was...

Moniepoint MfB, CAC Partner to Boost SMEs Development, Target 30 million Businesses in 5 Years

In line with a critical mandate, of the Federal Government to unleash Nigeria's full economic potential by focusing on job creation, access to capital...

Cadbury to Return to Profitability in 2024 on Debt-Equity Conversion

Beleaguered consumer goods firm Cadbury Nigeria Plc will return to the path of profitability this year, thanks to a scheme of debt-to-equity conversion, but...

Access Holdings Appoints Female Acting CEO Bolaji Agbede to Replace Wigwe

The Board of Directors of Access Holdings Plc have announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer of...

Breaking News : Herbert Wigwe Access CEO Dead

A chopper transporting Herbert Wigwe, the CEO of Access Holdings has crashed and killed him as well as about 5 others in California. Sources said...

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