Nestlé Nigeria post first quarter earnings decline, as intercompany loans drags margins
The average price of 1kg of Yam tuber rose by 25.30% on a year-on-year basis from N353.56 in March 2022...
Dangote Cement records first revenue drop in 5 years, blames cash crunch, elections
Dangote Cement has reported its 2023 first quarter results showing a dip in volumes amidst macroeconomic headwinds in the country.
Cadbury post 124% rise in profits, share price surge by 21%
Cadbury Nigeria Plc reported a record-breaking 124% quarter-on-quarter growth in profit after tax, amounting to N3.453 billion.
Elumelu confirms Transcorp Power to list in 5 years, responds to Otedola’s 5.52% acquisition of Transcorp shares
The Chairman of Transcorp Plc, Mr. Tony Elumelu, confirmed plans to list Transcorp Power in five years, provided transmission lines...
Union Bank receives N8 billion cash for sale of UK subsidiary to Fidelity Bank
Union Bank Plc confirmed it sold its UK subsidiary, Union Bank UK for a cash consideration of N8 billion only.
GTCO Plc to limit creating new loans in 2023
GTCO grew its loans book by 4.61% YoY to N1.886 trillion in 2022; missing its 2022 loan growth guidance by...
Nigeria’s mega companies to pay N1.4 trillion in dividends in 2022
Despite the challenging macroeconomic climate in 2022, some of Nigeria's largest companies have announced a dividend payout of N1.4 trillion...
Nigerian banks incur N284 billion loss on Ghanaian bonds default
Nigerian banks have incurred significant losses of at least N284 billion from their investments in Ghanaian bonds due to Ghana's...
FMCGs’ profits surge as production costs are passed on to customers
Six FMCG companies in Nigeria reported a surge in revenue despite economic challenges in 2022 due to the war in...
Ecobank delivers strong 2022 result as its Nigeria business trails
Ecobank Transnational Incorporated's (ETI) profit before tax rose to a 5-year-high of N230.55 billion ($540.029 million) in FY 2022.
