CATEGORY: COMPANIES

Dangote Sugar Reduced Sugar Prices By 25% In December 2012 Yet Volume Increased In Q1 2013

  When I reviewed Dangote Sugar Q1, 2013 I mentioned that the revenue was flat. However, the MD on...


Nestle Confirms N18.5 Per Share Final Dividend Payment For 2012 FY

Nestle Plc shareholders have approved a dividend of N18.5 per share following the release of their 2012 audited accounts....


Food Concepts (Chicken Republic) Set To Allot 86.6m Ordinary Shares To IFC

  Food Concepts the owners of Chicken Republic announced in the papers today that they will be having an...



Top Ten Potential Ipo’s I Want To See In Nigeria

  Most advanced economies have as their backbone great businesses that have become part and parcel of the heritage...


Samsung Buys Stake In Sharp

The Financial Times reports Samsung is buying a 3% stake in Sharp for a sum of about $107million (Y10billion)....


Do You Own Transcorp Shares? Then Get Ready For A Rights Issue

  The Transnational Corporation of Nigeria, Transcorp, announced today that it plans to increase its authorized share capital from...


Hyundai Stops The Production Of Veracruz

For lovers of Hyundai, the Korean Car company has decided to stop the production of the Hyundai Veracruz line....


Airtel Yet To Break Even After 12 Years?

Bharti Airtel, the operators of Airtel in Nigeria and much of Africa expects to break-even this year according to...


Jos Breweries Gets N700M Bailout From State Government

Leadership Newspapers reports the Plateau State Government has repaid about N700million debt owed by Jos Breweries. The Debt which...


PPMC Makes Loss Of N687.1Billion In 2012

According to Newspaper reports, the Petroleum and Product Marketing Company (PPMC) made a loss of N687billion in the financial...


AMCON REPORTS N2.37 TRILLION LOSS

The Chief Executive Officer of the Asset Management Company of Nigeria (AMCON), Mustapha Chike-Obi AMCON bought bad loans worth...


South African Company Buys N63Billion Stake In Mtn Nigeria

  Reports indicate Shanduka Group, a South African Company, invest R2.96million or N63billion in MTN Nigeria. MTN Nigeria like...


Guess How Much Multichoice Made Last Financial Year?

Multichoice, the owners of Dstv, Supersports and majority shareholders of Multichoice Nigeria are a dominant force in the operation of...


No Time To Waste: Shoprite To Spend N32B In Nigeria

Success they say has many relatives, admires and indeed followers. Like its South African Counterpart, MTN, Shoprite , the...



My take on Tiger Brand acquiring Dangote Flour Mills

Just learnt Tiger Brand, a South African Based company is in discussion with Dangote Group to acquire its much...


HiTV on the verge of Bankruptcy?

Going by a ‘Legal Notice” by GTB on Page 35 of the Guardian of 23rd November 2011, the stage...


Airtel didn’t sack but outsources almost every thing!!!!!!!!!!

In a press statement released by Airtel today (see todays Guardian Page 20) they stated categorically that “AIRTEL DOES...


Airtel Denies Sacking Staffs

Reports earlier this week that staff of Airtel who protested after getting their salaries slashed by 30% have been...


DSTV Increased subscription by 8.42% to N10,300! How do we respond?

If you haven’t heard, DSTV just increased subscription to N10,300 for their premium bouquet. Based on this it is...