Companies

Companies

Nestle’s capacity to settle long-term debt strengthens in H1

Oluwasegun Olakoyenikan Jul 29, 2019

Nestle Nigeria Plc, the largest consumer goods firm listed on the Nigerian Stock Exchange (NSE), demonstrated greater solvency in the...

Companies

LAC Autos & Spares partners Asia-Africa to deliver affordable trucks to Nigerians

Okafor Endurance Jul 29, 2019

LAC Autos & Spares Ltd, a Nigerian automotive company has partnered Asia-Africa, a Chinese firm that assembles trucks in Nigeria...

Companies

CCNN’s net margin advances to 8-year high as revenue spikes

Israel Odubola Jul 29, 2019

Cement Company of Northern Nigeria (CCNN) Plc, the country’s third-largest cement producer by market value, improved efficiency in turning each...

Companies

Airtime, data, roaming send MTN Nigeria’s half-year revenue to N567bn

Teliat Sule Jul 28, 2019

Noticeable increase in revenues from airtime and subscription, data, interconnect and roaming has increased the gross revenue of telecoms market...

Companies

Ecobank posts 15% increase in H1’19 profit on higher fee and commission income

Teliat Sule Jul 28, 2019

Ecobank Transnational Incorporated last week announced its half year unaudited results for the period ended June 30 2019 with the...

Companies

NIMC expands enrolment to Saudi Arabia, Ghana, others

Vincent Nwanma Jul 27, 2019

  The National Identity Management Commission (NIMC) has concluded plans to extend the National Identification Number (NIN) registration to other...

Companies

'Transparency, accountability essential ingredients for corporate governance'

Chuka Uroko Jul 27, 2019

For organisations and businesses to be successful and sustainable, they need good corporate governance and the essential ingredients that will...

Companies

ETI grows Q2 profit by 15.4% to N59.49bn as Fitch affirms its 'B' outlook stable

Olufikayo Owoeye Jul 26, 2019

Ecobank Transnational Incorporated (ETI) Plc, the pan-African lender, grew its net profit by 15.4 percent in the second quarter of...

Companies

Retail investors dump N78bn worth of stocks in June, the most in 2019

David Ibidapo Jul 26, 2019

Retail investors in Nigerian equities are reducing their exposure significantly, refusing to take advantage of cheap stocks. In the recently...

Companies

Stanbic IBTC, ARM Money Market Funds assigned Aa(F) rating by Augusto & Co. on risk aversion nature

Okafor Endurance Jul 26, 2019

Stanbic IBTC and ARM Money Market Funds topped the list of Agusto & Co.’s live ratings of 14 selected money...

Companies

Boeing records biggest ever Q2 loss on MAX 737 grounding

Olufikayo Owoeye Jul 25, 2019

Aerospace giant, Boeing, reported a second-quarter loss of $2.9 billion, its worst ever, topping a $1.6 billion setback during the...

Companies

11plc’s half-year profit falters on higher cost of sales, finance cost

Segun Adams Jul 25, 2019

A double digit increase in cost of sales and a surge in finance cost hit the profit of 11plc (Mobil)...

Companies

EM growth set to slow on weak industrial sentiment, trade tension

Israel Odubola Jul 25, 2019

The pace of economic expansion in emerging markets (EM) probably decelerated in June, on the heels weakened industrial productivity coupled...

Companies

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

Segun Adams Jul 25, 2019

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

Companies

SON says ready to play part in AFCTA implementation

Hope Moses-Ashike Jul 25, 2019

The Standards Organisation of Nigeria (SON) is prepared for the imminent implications of Nigeria’s signature to the African Continental Free...