Company News

Companies

Canal+ $3 billion acquisition: MultiChoice Group reconstitutes board, changes financial year-end

Companies

LemFi secures State Bank of Pakistan approval as UBL Partnership strengthens remittance access

Companies

Fewchore Finance receives rating upgrade from Agusto and Co as financial strength improves

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Company News

All the latest Nigerian company news, market intelligence and analysis

Commercial paper, United Capital Asset Management explains mutual funds’ positive performance

United Capital earmarks total dividend of N4.2 billion for shareholders

February 19, 2021

United Capital Plc announced a payment of a total of N4.2 billion as dividend to shareholders for 2020.

Ecobank Group Posts N630 billion Revenue in 2020

by NM Partners

January 30, 2021

Ecobank Group has recorded a revenue of over N630 billion for the year ended December 31, 2020.

Flour Mills of Nigeria Plc announces Omoboyede Olusanya as new GMD/ CEO

Nigeria’s border reopening will not impact profitability in 2021 – Flour Mills GMD

January 26, 2021

Flour Mills Nigeria Plc has stated that the recent reopening of the nation’s land borders will not affect the profitability...

Flour Mills makes one of the largest contributions to COVID-19 relief fund, Bloody February: Sell off of shares by investors extend Flourmillers loss on NSE to N25 billion

Flour Mills moves to diversify funding sources with N29.8 billion bond listing

January 22, 2021

Flour Mills Nigeria Plc lists N29.8 billion bonds to diversify funding sources from the Nigerian capital market.

Lafarge Africa provides grant for startups, Lafarge Africa’s latest earnings report reveals 8.5% decline in gross profit , Lafarge Africa gets new CFO one month after resignation of former finance director, Lafarge Plc reveals why it invited Italian man with Coronavirus to Nigeria, Lafarage Africa group Plc posts a revenue of N213 billion in 2019, profit up N17 billion, Lafarge moves to sell 35% shareholding in Continental Blue Investment Ghana Limited

Business

Lafarge moves to divest 35% shareholding in CBI Ghana

January 21, 2021

Lafarge Africa Plc has resolved to sell off its 35% shareholding in Continental Blue Investment Ghana Limited.

Multiverse Resources Plc denies knowledge of insider trading

Multiverse forecasts N39.5 million profit in Q1 2021

January 20, 2021

The management of Multiverse Plc has projected a revenue of N76 million and a profit of N39.5 million in Q1...

Dangote Cement: Subdued earnings outlook but valuations still attractive

GCR affirms Dangote Cement issuer ratings of AA+(NG) and A1+(NG)

January 20, 2021

Global Credit Ratings has affirmed Dangote Cement issuer ratings of AA+(NG) and A1+(NG).

Neimeth Pharmaceuticals to raise N5 billion in additional equity

January 18, 2021

The Board of Neimeth is set to raise N5 billion additional equity upon the approval by shareholders of the company...

Cutix Plc, dividend, CUTIX, VERITASKAP Lead Gainers as NGX ASI gain N5 billion

Cutix Plc forecasts N148 million profit in Q4 2021

January 10, 2021

Cutix Plc has projected that its revenue will double and profit will increase by 9% to N148 million.

PZ Cussons proposes dividend payout of N397 million to the shareholders