Companies

Companies

Seplat grows H1 profit by 15% to $121million

Iheanyi Nwachukwu Jul 30, 2019

Seplat Petroleum Development Company Plc , a leading Nigerian indigenous oil and gas company listed on both the Nigerian Stock...

Companies

NAHCO repositions for growth as shareholders get N406m dividend

Iheanyi Nwachukwu Jul 30, 2019

The Nigerian Aviation Handling Company (NAHCO) Plc has assured its shareholders that the ongoing implementation of a strategic five-year growth...

Companies

H1’19: Oando posts N7.2bn profit after tax

Iheanyi Nwachukwu Jul 30, 2019

Oando Plc has released its unaudited results for the six months period ended June 30, 2019. Highlights of the results...

Companies

GSK’s H1’19 profit hits N372mn amid plans to restructure supply chain operations

Olufikayo Owoeye Jul 30, 2019

Despite the shrinking consumer wallet and harsh economic environment, healthcare company, GlaxoSmithKline Consumer Nigeria Plc, (GSK) grew its half-year 2019...

Companies

Union Bank profit rises 3.5 percent to N11.85bn in H1

Segun Adams Jul 30, 2019

Union Bank, a listed mid-tier lender, has announced it grew profit by 3.45 percent in the half-year 2019 period. The...

Companies

AIICO’s share price rebounds on strong earnings growth

David Ibidapo Jul 30, 2019

Investors on the Nigerian stock exchange market on Monday laud AIICO insurance Plc with higher prices on company’s strong earnings...

Companies

Weak investor appetite for naira stocks exacerbate foreign portfolio deficit by 12% in H1

Israel Odubola Jul 30, 2019

Despite sustained capital flows to the Nigerian economy, the equity market continue to bleed over policy uncertainty and growth concerns...

Companies

Heineken grows Q2 revenue 3% as malt volumes in Nigeria grew in single-digit

Olufikayo Owoeye Jul 30, 2019

World’s second-largest brewer, Heineken, sold more beer in the first half of 2019 and saw turnover grow by 5.6 percent...

Companies

MTN Nigeria records strongest Q2 customer growth in years

Bala Augie Jul 30, 2019

Thitherto investors were increasingly perturbed that the Nigerian market was becoming problematic because of the heavy fines slapped on MTN...

Companies

Lori hires experts in move to expand footprint across Africa

Anthony Nlebem Jul 29, 2019

Lori Systems, a pan-African logistics firm that seamlessly connects cargo owners to transportation, has announced the appointment of Uche Ogboi...

Companies

MTN obtains super-agent licence in preparation for PSB permit

Okafor Endurance Jul 29, 2019

MTN Nigeria Communications Plc., a subsidiary of the South African multinational mobile company, said it has been granted super-agent licence...

Companies

Lower borrowing cost boosts Flour Mills’ Q1 profit by most in 4 years

Segun Adams Jul 29, 2019

Flour Mills of Nigeria, the biggest flour miller by market value grew its Q1 2019/20 profit by the most since...

Companies

CBN supplies $494.2m, CNY36m into forex market in one week

Hope Moses-Ashike Jul 29, 2019

The Central Bank of Nigeria (CBN) addressed the needs of end-users in the inter-bank market and the retail Secondary Market...

Companies

AB InBev shares hit 1yr high after strong half-year performance

Olufikayo Owoeye Jul 29, 2019

Belgian based brewer and world’s largest brewer, AnheuserBusch InBev, AB InBev, recorded its best quarterly volume performance in over five...

Companies

Trustfund Pensions points ways to sustain pension scheme

Joshua Bassey Jul 29, 2019

Trustfund Pensions, a leading Pension Fund Administrator (PFA), has stressed the importance of employers’ compliance with relevant provisions of the...