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Huawei releases 2019 annual report, announces solid business performance

Huawei releases 2019 annual report, announces solid business performance

Huawei released its 2019 Annual Report today, detailing a solid business performance.
Africa Prudential Plc announces notice of board meeting and closed period

Africa Prudential Plc announces notice of board meeting, closed period

Africa Prudential Plc has announced that its board of directors would meet on Wednesday, April 15, 2020, to consider issues of utmost importance.
Veritas Kapital Insurance Plc

Veritas Kapital rebounds with N165.2 million profit in FY 2019, after 2018 loss

Veritas Kapital Assurance Plc has released its full-year 2019 audited financial statement, which showed a generally positive performance.
Dangote Cement reveals share buyback plans, Dangote Cement Plc: Frail macro conditions to pressure earnings in 2020

Dangote Cement Plc: Frail macro conditions to pressure earnings in 2020

Dangote Cement reported a decline in Revenue (-1.1% y/y to N891.7 billion) in FY 2019, coming below our FY 2019 forecast of N922.3 billion.
Unilever is committed to Africa despite under-performance by Nigerian unit , Unilever Nigeria records N60.5 billion revenue in 2019

Unilever Nigeria records N60.5 billion revenue in 2019

Unilever Nigeria has released its audited financial statements for the year ended 31 December 2019, as it declared a turnover of N60.5 billion in the year under review.
Seplat, stakeholders call for collaboration on Customer Protection Act, Court sanctions Seplat’s acquisition of Eland Oil and Gas , Seplat Petroleum Plc profits up $270 million, cost of production stands at $6 per barrel

Seplat Petroleum Plc posts $270 million profit in 2019

Seplat Petroleum Plc. posted revenue of $697.8 million, down 6.5% and Profit before deferred tax went up to $270.3 million.
Cost pressure dampens earnings growth outlook, Cadbury releases FY result for 2019, grows profit by 26%, Cadbury makes some board changes

Cadbury releases 2019 FY result, grows profit by 26%

Food and beverage giant, Cadbury Nigeria Plc, has released its audited financial statement for full-year December 2019.
Unilever is committed to Africa despite under-performance by Nigerian unit , Unilever Nigeria records N60.5 billion revenue in 2019

Unilever: Disappointing Q4 confirms growth concerns

On Thursday, Unilever Nigeria Plc published its unaudited FY 2019 results, announcing a disappointing 34.0% y/y slump in revenue.
Access Bank, Scam Alert: Access Bank issues warning to customers over fraudulent acts , Director, West Africa region, IE, Onyekachi Eke, Access Bank lists N30 billion bonds on NSE , Access Bank, Zenith Bank Plc, Access Bank Plc and United Bank for Africa Plc, Zenith Bank Plc, Access Bank Plc and United Bank for Africa Plc, A new BVN guideline to curb e-fraud is coming soon - CBN announces , Access Bank donates 66 laptops to children in underserved communities, Access Bank postpones closed period for 2019 Year-End financial statement, Access Bank dispels rumour about its CEO being arrested, Access Bank set to establish subsidiary in Cameroon after acquiring Kenyan bank, Access Bank finally acquires Kenyan bank, Transnational Bank Plc, Herbert Wigwe: We are clamping down on malaria with the Malaria-To-Zero Initiative, Access Bank to list N15 billion green bond on Luxembourg Stock Exchange 

Access bank releases FY 2019 result, declares dividend

Access Bank Plc has released its audited financial statement for full-year 2019 which shows significant improvement in most of its performance indicators.
Union Bank issues series 3 and 4 Commercial Paper, set to raise N20 billion, Union Bank downsizes operations, as MBU Capital acquires Union Bank of UK, Shareholders report Union Bank to Attorney General’s Office over proposed share dealing, Union Bank releases FY 2019 financial result, records profit increase

Union Bank releases FY 2019 financial result, profit up by 10.3%

Union Bank has just released the audited financial statement for full-year 2019 which shows an improvement, as profit grew by 10.3%

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Nigeria, others to secure GPE’s $250 million Coronavirus support fund

Nigeria, others to secure GPE’s $250 million Coronavirus support fund

Nigeria and other 38 African countries are set to secure the $250 million funding provided by the Global Partnership for Education (GPE).
Chinese Engineering firm donates medical supplies to Nigeria

Chinese engineering firm donates medical supplies to Nigeria amid Covid-19

CCECC has donated over one million masks and other medical supplies, as part of its CSR to help Nigeria combat the COVID-19 pandemic.
NloTEK develops COVID-19 solution for elderly and vulnerable, receives $6,000 from Cairo Angels

NloTEK develops COVID-19 solution for senior citizens, wins $6,000 from Cairo Angels

As the confirmed cases of the Coronavirus hit over a million globally, tech startup, NloTEK, has been selected to develop solutions that could aid in the fight against the pandemic.
NAICOM, Recapitalisation: 44 firms get NAICOM’s nod , NAICOM boss makes case for recapitalisation, insists the exercise will solidify insurance sector , NAICOM extends recapitalisation deadline for insurance companies to meet new capital base, Due to lack of ‘process’, NAICOM says no insurance firm has met recapitalisation requirement, Insurance: Recapitalisation exercise sets consolidation in motion, Insurance firms are reportedly selling off assets to meet NAICOM’s recapitalisation deadline, Insurance: NAICOM mulls extension of recapitalization exercise

INSURANCE: NAICOM mulls extension of recapitalisation exercise

There are indications that NAICOM will extend the deadline for the recapitalisation of insurance and reinsurance companies for the second time.
British Pounds Sterling plunges, British PM admitted to Intensive care Unit 

British Pounds plunges, as PM gets admitted to Intensive care

The market responded negatively after British Prime Minister, Boris Johnson was admitted into the Intensive Care Unit yesterday due to complications from Coronavirus.