Wealth.ng

Smart Products Ltd (Associated Press Limited) posts ₦43 billion in 2017

Smart Products Plc (formerly Associated Press Limited)has released its Full year 2017 financial statements results. Highlights of the results: Gross Revenue 2016: ₦49.8 million 2017: ₦43.95 million % change: -11.7% Profit...

Guinea Insurance releases Q1 2018 result posts 4% revenue increase

Guinea Insurance Plc has released its Q1 2018 financial results. Here are the highlights Revenue: Q1 2017: ₦270.9 million Q1 2018: ₦281.6 million %Change: 4% Profit before tax: Q1 2017: -₦31.6...

Diageo to expand Kenyan plant to meet demand from Nigeria, other countries

British alcoholic giant Diageo will increase production of spirits from its Kenyan plant to meet rising demand from Nigeria and other African countries. The...

Afromedia Plc posts ₦1.7 billion loss in 2016

Afromedia Plc has released its audited financial statements results for the year ended 30th September 2016.  Turnover 2015: ₦407.25 million 2016: ₦494.4 million. %Change: 21.4% Loss before tax 2015: ₦2.7...
HealthPlus Limited

HealthPlus secures $18 million investment from Alta Semper Capital

Nigeria's leading retail pharmacy and beauty outlet HealthPlus has announced a partnership with London-based private equity manager Alta Semper Capital. The new partnership will see Alta Semper investing...

UBA, 3 others to migrate to NSE premium board

The Nigerian Stock Exchange NSE has announced the migration of Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank...
TUNDE FOWLER, EXECUTIVE CHAIRMAN, FEDRAL INLAND REVENUE SERVICE

Again, Government extends VAIDS

President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS or the Scheme) by three months. The Scheme...

Japaul Oil posts FY 2017 loss of ₦13.08 billion

Japaul Oil Oil & Maritime Services Plc has released its financial statements for the year ended 31 December 2017. The result shows the company's losses reduced...

Average cooking gas price drops to ₦2090 in March

The National Bureau of Statistics NBS has released the Liquefied Petroleum Gas price watch for the month of March. Average price for the refilling...

This is the office Aishah Ahmed will be heading at the CBN.

The newly appointed deputy governors of the Central Bank have been assigned their various offices. This was sequel to their assumption of duties on...

Game Over: MMM takes a bow

Controversial online Ponzi scheme MMM has finally announced its close of operations. This is a sequel to the death of its founder Sergei Mavrodi last...

Unity Bank announces the appointment of two executive directors

Unity Bank has announced the appointment of two executive directors. In a letter of a notice sent to the Nigerian Stock Exchange, the two...

Updated: Kinnevik explains why iROKO Tv was removed from its list of its Investee Companies

Swedish tech investment company Kinnevik may have reduced the relevance of its stake in iROKOTV as it did not disclose the PayTV as one...

UACN Property Development Company turnover drops to ₦3.98 billion in 2017

UACN property development Company Plc has posted its financial statements for the full year ended December 31, 2017. Turnover plummeted from ₦4.99 billion recorded...

Teleology Holdings confirms payment of $50 million deposit for 9mobile

The preferred bidder in the sale of debt-ridden teleco 9mobile, Teleology Holdings, has debunked rumors that it has not made the cash deposit for the...

NCR (Nigeria) Plc turnover crashes to ₦6.9 billion in 2017

NCR (Nigeria) Plc has released its Financial statements for the year ended December 2017. The report shows a reduction in turnover from ₦7.06 billion recorded...

UAC Plc turnover surges to ₦ 89 billion in 2017

UAC of Nigeria PLC has released its financial statements for the year ended December 2017. The report shows an 8% increase in revenue from  ₦82.6...

Lassaco Assurance Plc records ₦6.73 billion gross premium in 2017

Lassaco Assurance PLC has released its end of the year Financial Statements for the year ended December 2017. The report shows a 10% increase in...

Lagos State becomes 6th member of Odu’a Investment Company

Lagos State has been formally admitted to the Odu'a Investment group as one of the investing states. The five southwestern states of Osun, Oyo, Ondo,...
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9mobile Acquisition: NCC, CBN officials claim ‘no knowledge’ of who Teleology’s paid $50million to

The chairman, House committee on Telecommunications, Hon. Saheed Akinade-Fijabi has threatened that the House of Representatives may be forced to stop the ongoing sale of...
Bill Gate

The 4 charts Bill Gates used to summarize Nigeria of yesterday, today and tomorrow

Co-founder, Bill and Melinda Gates Foundation, Bill Gates was in Abuja yesterday where he had a meeting with the Federal Executive Council. Speaking at the...

Jumia launches Jumia one app

An All-in-One Mobile App to Facilitate One-Stop Shopping For Online Transactions The new lifestyle App enables customers...
Facebook. Photo by Tim Bennett on Unsplash

Mark Zuckerberg responds to the data breach scandal

Facebook Billionaire Mark Zuckerberg has apologized in the wake of the recent data breach of over 50million users. The tech giant said that the world’s...
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FIRS says it raised tax revenue by ₦700 billion in 2017

The Federal Inland Revenue Service FIRS says it recorded four million new taxpayers accounting for a ₦700 billion increase in revenue in 2017. The FIRS boss...
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Cadbury renews contract with NFF as partnership deals hit $50 million

TomTom, a product from the staples of Cadbury Nigeria PLC and the Nigerian Football Federation has signed a new three-year agreement that will make...
2017 Ford Fusion Sport 3/4 Rear View

Nigerians put on alert as Ford Motors recall 1.4 million vehicles

American Automaker, Ford has issued a safety recall on some of its newest brands across the globe. The Fusion and Lincoln MKZ brands were recalled...
Juice. Courtesy- Roberta Sorge via Unsplash

Coca-Cola Nigeria will start Juice production to boost revenue

The parent company of Coca-Cola Nigeria, Coca-Cola HBC, has revealed that it will prioritize the production of plant-based beverages, juice smoothies, and PET juice packaging...
monetise your hobbies

Point of Sale transaction value hits ₦144 billion in February

Figures from the Nigeria Inter-Bank Settlement Scheme NIBSS shows the total number of active Point of Sale PoS terminals in the country to be...
Transcorp hotel

Olorogun O’tega Emerhor retires as Transcorp Hotels Chairman

Transcorp Hotel Plc has announced the retirement of its chairman and non-executive Director Olorogun O'tega Emerhor. In a statement by the company, it also...
Nigerian capital market

FBN Holdings announce new appointments for its subsidiaries

The management of First Bank Nigeria FBN Holdings has announced some new appointments. The management announced Olawale Ariyibi as Chairman of the Board, FBNQuest Capital...