Companies

Companies

Siemens licenses Tranos to manufacture SIVACON S8 Switchgear in Nigeria

Stephen Onyekwelu Feb 03, 2020

Tranos, a top indigenous Nigerian engineering and manufacturing company has clinched a new licence from Siemens to make metal-enclosed SIVACON...

Companies

Fidson Healthcare returns to profitability amidst declining sales

Teliat Sule Feb 02, 2020

Fidson Healthcare has returned to profitability. This is evident in its fourth quarter and full year results for the period...

Companies

Two firms win bid for Ibom deep seaport project

Aniefiok Udonquak Feb 01, 2020

Two firms have won the bid for the construction of Ibom deep seaport, a landmark public-private partnership project located in...

Companies

Landshop moves to curb deficit through affordable housing

Gbemi Faminu Jan 31, 2020

Landshop Limited, a real estate consulting and property development company, which recently made its entrance into the property market in...

Companies

NASCON swings to quarter loss of N118.28m on rising cost of sales

Olufikayo Owoeye Jan 31, 2020

Consumer Goods Company NASCON Allied Industries recorded its first quarterly loss N118.29m as mounting cost of sales dragged its fourth...

Companies

Total sees biggest profit slump in 5 years as asset sales fail to lift bottom-line

Segun Adams Jan 31, 2020

Downstream Oil and Gas player Total Nigeria saw its biggest profit decline in at least five years, despite an asset...

Companies

CRR hike to cast pall on equities as T-Bill rates rise first time in 16-wks

Okafor Endurance Jan 31, 2020

A hike in Cash Reserve Ratio (CRR) for Nigerian banks that saw an uptick in primary auction NTBills rates for...

Companies

MTN to expand asset sale which will raise up to $4bn

Lucky Nwanekwu Jan 30, 2020

MTN Group Ltd. is looking to raise as much as 60 billion rand ($4 billion) from an extended asset-sale plan, with stakes in a major towers business and the carrier’s Nigerian unit among those earmarked for sale....

Companies

MTN Nigeria cancels legal action against AGF  

Jumoke Akiyode-Lawanson Jan 30, 2020

MTN Nigeria on Thursday, 30 January, 2020, appeared before the Federal High Court sitting in Ikoyi, Lagos to formally discontinue...

Companies

Respite for investors, shareholders over N130bn unclaimed dividends, missing shares

Hope Moses-Ashike Jan 30, 2020

Investors and shareholders who may have lost hope of recovering their shares and stakes in the N130 billion unclaimeds dividend...

Companies

Brooks and Blake appoints Onajide as Board Chairman

BusinessDay Jan 29, 2020

The Board of Brooks and Blake Nigeria Limited, a perception and marketing communications consulting firm, has announced the elevation of...

Companies

Court, shareholders approve Continental Reinsurance Scheme of Arrangement

businessday Jan 29, 2020

A Federal High Court sitting in Lagos has approved the restructuring arrangement of Continental Reinsurance Plc following the approval of...

Companies

Cabo Verde chooses NAHCO as ground handler for its operations

Ifeoma Okeke-Korieocha Jan 29, 2020

The national airline of Cape Verde, Cabo Verde Airlines, has chosen foremost West Africa ground handling operator, NAHCO, to handle...

Companies

CAP’s Q4 revenue surges 10% amid plans to capture more African markets

Olufikayo Owoeye Jan 29, 2020

Paint maker Chemical and Allied Products plc CAP’s full-year revenue surged 10percent from N7.6bn to N8.41bn in 2019. Profit for...

Companies

Vitafoam shares soar on best Q1 in half-decade

Segun Adams Jan 29, 2020

Shares of Vitafoam jumped past its five- year high after the foam maker on Monday reported its best start to...