Access Holdings’ half-year profit weak despite increased revenue by Ronald Adamolekun September 21, 2024 Post-tax profit for Access Holdings, Nigeria’s biggest lender stood at N281.3 billion.
Again, another multinational to ditch Nigeria, other African countries by Ronald Adamolekun September 19, 2024 PZ Cussons currently holds a 73.3 per cent stake in its Nigerian unit.
NPF Microfinance Bank plans 20% dividend increase as annual profit jumps by Ronald Adamolekun September 19, 2024 The potential total dividend payout stands at N719.2 million, compared to the almost N600 million paid for 2022.
Fidson’s drug manufacturing pact with Chinese firms raises hope for Nigeria’s HIV patients by Ronald Adamolekun September 18, 2024 Fidson, which is listed in Lagos where its stock has shed 24.6 per cent this year, is valued at N30.3...
Lagos court dismisses shareholder’s suit over FBN Holdings’ conduct of annual general meetings by Ronald Adamolekun September 17, 2024 In its preliminary objection on 22 August, FBN Holdings contended that the petitioner’s claims had been overtaken by time and,...
GTCO, AXA Mansard, NNFM top stocks pick this week by Ronald Adamolekun September 17, 2024 This is not a buy, sell or hold recommendation but a stock investment guide.
Former INEC Chairman Iwu raises shareholding in drug-maker Neimeth International to 11% by Ronald Adamolekun September 13, 2024 As of the end of the last financial year, he held 20.1 million shares directly in Neimeth and 450 million...
GTCO reports biggest-ever profit by a Nigerian-listed company in six months by Ronald Adamolekun September 11, 2024 GTCO's net profit margin for the period stood at 65 per cent, compared to 41.7 per cent in the same...
UBA appoints second deputy managing director by Ronald Adamolekun September 11, 2024 “The appointment of Chukwuma Nweke underlines once again, UBA’s commitment to upholding the highest governance and operational leadership,” said Chairperson...
STOCK TO WATCH: Prestige Assurance, Ecobank, Linkage Assurance top stock pick this week by Ronald Adamolekun September 9, 2024 This is not a buy, sell or hold recommendation but a stock investment guide.
FBN Holdings sells merchant banking subsidiary FBN Quest by Ronald Adamolekun September 8, 2024 The “sale is in alignment with the company’s strategy to optimise its portfolio within the group,” FBN Holdings said.
Notore appoints new company secretary by Ronald Adamolekun September 8, 2024 He is “charged with organising committees, boards and annual general meetings of the company."
Nigerian Breweries turns to Heineken to clear heavy foreign exchange overdue by Ronald Adamolekun September 5, 2024 Part of the cash is to help cut its local loan exposure of N550 billion. “This will lead to reduced...
How Yar’Adua blocked me, Dangote from taking over Nigerian refineries – Otedola by Ronald Adamolekun September 3, 2024 The government “canceled our stakes and thwarted our vision. But, as always, you refused to be deterred,” Mr Otedola said.
STOCKS TO WATCH: Zenith Bank, C & I Leasing, Ecobank top stocks pick this week by Ronald Adamolekun September 2, 2024 This is not a buy, sell or hold recommendation but a stock investment guide.
US court fines businessman exonerated by Nigerian Police $250 million for monumental fraud by Ronald Adamolekun September 2, 2024 Tingo Group, Agri-Fintech Holdings Inc. and Tingo International Holdings – three entities controlled by Mr Nwabuosi who, at the same...
Zenith Bank’s half-year profit doubles to N578 billion amid interest income boom by Ronald Adamolekun August 31, 2024 The bank is proposing N31.4 billion in total interim dividend for shareholders, two times the cash it paid to them...
PZ Cussons Nigeria reports first annual loss in years amid naira depreciation by Ronald Adamolekun August 31, 2024 Nigeria is PZ Cussons’ biggest and most diverse single market, according to the company’s website.
Cornerstone Insurance reports almost threefold jump in half-year profit by Ronald Adamolekun August 29, 2024 The company incurred a lower income tax of N1.1 billion, compared to N4.2 billion in the same period of last...
STOCK WATCH: C&I Leasing, Beta Glass, AIICO Insurance top stock pick this week by Ronald Adamolekun August 26, 2024 This is not a buy, sell or hold recommendation but a stock investment guide.
Oando completes $783 million purchase of Nigerian Agip Oil Company by Ronald Adamolekun August 22, 2024 Oando, which is listed in Lagos as well as in Johannesburg, considers the acquisition as a cornerstone of its long-term...
NNPC’s quoted equity shares hit N11bn in 2023 by Ronald Adamolekun August 20, 2024 A substantial tax liability of N2.7 trillion compared to a tax credit of N717.1 trillion in 2022 strained bottom line,...
EXCLUSIVE: Ex-First Bank official accuses billionaire Oba Otudeko of massive fraud by Ronald Adamolekun August 19, 2024 Mrs Ezenwa alleges that unsecured loans of roughly N12 billion were given to a company in which Mr Otudeko has...
INVESTIGATION: How Nigeria can resolve its multi trillion naira post-harvest losses (IV) by Oladeinde Olawoyin and 3 others August 17, 2024 Despite the numerous challenges in setting up cold chain outlets in the country, private firms are taking the plunge.
INVESTIGATION: The real reasons for Nigeria’s massive post-harvest losses amid food crisis (III) by Oladeinde Olawoyin and 3 others August 15, 2024 Nigeria loses about half of its perishable export goods yearly due to a dearth of cold chain technology at airports,...