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Cash Strapped Brewers Have Difficulty Paying Short Terms Bills
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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...