Companies

Companies

Vitafoam shareholders approve N260.5mn dividend payment

Iheanyi Nwachukwu Mar 07, 2019

The shareholders of Vitafoam Nigeria Plc at the company’s 57th Annual General Meeting (AGM) held on Thursday March 7, 2019...

Companies

MTN to raise $1bn from asset sales as profit surges

Anthony Nlebem Mar 07, 2019

MTN Group plans to raise more than $1.05 billion in asset sales over the next three years, Africa’s biggest telecoms...

Companies

MTN results show revenue increase, as EBITDA grows 30.8% excluding CBN payments

Jumoke Akiyode-Lawanson Mar 07, 2019

MTN Nigeria has released its financial results for the year ended December 2018, with significant increase in data revenue and...

Companies

MTN delves into device manufacturing to increase smartphone penetration

Jumoke Akiyode-Lawanson Mar 07, 2019

MTN on Wednesday launched the first ever smart feature phone in the country in a bid to drive down cost...

Companies

Seplat full-year profit hit on deferred tax adjustment     

Iheanyi Nwachukwu Mar 07, 2019

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

Companies

Nestlé proposes final dividend of N38.50 per share amid N43bn profit

Iheanyi Nwachukwu Mar 06, 2019

Nestlé Nigeria Plc has released its financial results for the year ended December 31, 2018. The results at the Nigerian...

Companies

MTN’s shares fall the most since September 2018

Anthony Nlebem Mar 06, 2019

MTN’s shares are at their worst level in nearly six months as the market comes to terms with the mobile...

Companies

Investors snap up GTBank shares on impressive full year scorecards

Iheanyi Nwachukwu Mar 06, 2019

Guaranty Trust Bank Plc (GTBank) on Wednesday March 6, 2019 released its audited financials for the year ended December 31,...

Companies

Seplat full year 2018 revenue grows by 65 % to N228 billion

Oladehinde Oladipo Mar 06, 2019

Seplat Petroleum Development Company Plc, the only Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London...

Companies

NEITI calls for review of 1993 PSCs as FG loses $16bn to non-review

Harrison Edeh Mar 04, 2019

Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest study and report has revealed that Nigeria lost at least $16...

Companies

Afreximbank appoints Abel Osuji as director

Hope Moses-Ashike Mar 04, 2019

The African Export-Import Bank (Afreximbank) has the appointed Abel Osuji as Director of its Internal Audit Department following the upgrade...

Companies

Pan African Towers partners Watts Renewable to boost operations

Segun Adams Mar 04, 2019

The signing of a formal agreement between Pan African Towers Limited, a telecoms infrastructure and wireless service provider, and Watts...

Companies

Brentonwoods Managing Director docked for alleged N58m capital market fraud

Iheanyi Nwachukwu Mar 04, 2019

The Managing Director of Brentonwoods Limited, Samuel Adebanjo and his company have been charged before Justice M.S. Hassan of the...

Companies

Naspers spins off MultiChoice in hope of unleashing value for Investors

Anthony Nlebem Mar 04, 2019

Five months after announcing plans to spin off its pay-TV business unit to unleash hidden value for shareholders, Naspers finally...

Companies

Union Dicon suffers set back in dream to become largest cassava producer

Segun Adams Mar 04, 2019

Union Dicon, a Lagos-based wholesale processor of Crude Salt, notified the Nigerian Stock Exchange (NSE), last week, that its venture...