Deepak Malik replaces Monish Dutt as Ecobank Transnational Incorporated Director
The Board of ETI has appointed Deepak Malik as a Non-Executive Director of the parent company of the Ecobank Group.
Nestle : On track for solid 2019 despite emerging concerns
Nestle Nigeria (Nestle) reported Revenue growth of 4.0% y/y to N211.3 billion for 9M 2019 from N203.1 billion.
Operating performance still strong: Buy rating reiterated
MTN Nigeria sustained growth in earnings in Q3 as the telco firm reported double-digit growth in Revenue.
Dangote Group goes to Togo, sets up fertiliser and cement factories
Nigeria’s Dangote Group is set to explore Togo’s significant phosphate reserves.
Olowookere resigns as Omoluabi Mortgage’s MD/CEO, as Aworonke gets appointed
Omoluabi Mortgage Bank Plc has appointed Olaitan Aworonke as an acting MD/CEO, after the resignation of its former CEO, Ayodele Olowoojere.
To protect margins, Nigeria’s top brewers are set to increase prices
Nigeria’s top brewers are considering increasing the prices of their products in a bid to survive.
Here’s why Total is selling its 12.5% stake in Nigerian oil block
Total Group is looking for buyers for one of its major oil blocks in Nigeria.
Major Stanley Dika Ngada resigns from Global Spectrum Energy Services Limited
The Board of Global Spectrum Energy Services Limited has notified the NSE and the general public of the resignation of Major Stanley Dika Ngada.
Cadbury retracts statement on Hot Chocolate Drink, says it’s still available
Cadbury Nigeria Plc has retracted its earlier message to Nairametrics, maintaining that its Hot Chocolate Drink has not been "discontinued" as we reported yesterday.
Ernest Ndukwe steps down from Access Bank’s board
Access Bank Plc has notified the NSE and the general public of the resignation of Ernest Ndukwe as an Independent Non-Executive Director.
Cost pressure dampens earnings growth outlook
Cadbury Nigeria Plc (Cadbury) announced a 7.2% y/y growth in Revenue to N28.9 billion for 9M 2019 compared to N27.0 billion in 9M 2018.
‘Bata’ is back, opens a N350 million factory
Bata has staged a comeback in Nigeria as it launched a new factory worth N350 million in Abuja, to aid local production of footwear in Nigeria.
Nigerian IT expert gets cleaner’s job after applying for Project Manager’s role in UK
A Nigerian-based IT expert applied for the position of a Project Manager in the UK but the company offered him a cleaner’s job instead.
Cadbury’s Hot Chocolate Drink is scarce, and border closure could be responsible
Over the past couple of weeks, consumers across Lagos and beyond have been in search of Cadbury’s Hot Chocolate Drink beverage.
Dangote Sugar Refinery to merge with Savannah Sugar
Dangote Sugar Refinery to merge with Savannah Sugar
Critics blame FG as Vitol quits oil fields acquisition
Delay on the part of the Nigerian government has forced Vitol to pull out of an acquisition talk involving two Nigerian oil fields.
Brief comparison of telcos’ annual revenue reveals interesting disparities
NCC recently released its 2018 Subscriber/Network Data Report which contains interesting indicators and comparison of the six telecoms operators in Nigeria.
Elevato launches Holler to aid consumer protection
Elevato and Associates has launched Holler, a free online customer and consumer review platform, to protect users of products and services.
Interswitch expands operations, acquires majority stake in eClat Healthcare
Interswitch Group announced yesterday via LinkedIn that it had acquired majority stakeholding in eClat Healthcare Limited.
MTN Nigeria launches music streaming service, MusicTime
MTN Nigeria has launched a music-streaming platform named "MusicTime!". This was contained in a press release sent to Nairametrics.
Massive shakeup in Dangote Flour as key Board members resign, appoints new ones
Key members on the board of Dangote Flour Mills PLC have announced their resignation from their previous positions.
GlaxoSmithKline appoints former Lafarge Africa’s director, Oludewa Adodo-Thorpe
GlaxoSmithKline has expanded the size of its Board of Directors with the appointment of a former director at Lafarge, Oludewa Adodo-Thorpe.
Sim Tshabalala quits position as Stanbic IBTC Holdings Non-Executive Director
Sim Tshabalala has resigned from his position as Non-Executive Director of Stanbic IBTC Holdings.
VFD Holds Third Investors’ Call, Maintained an Impressive Return on Equity of 43% in Q3 2019
VFD Group held its third investors’ conference call that drew interest from several local investors and financial analysts.
Quick take: Disappointing Q3 renews growth concerns
Unilever Nigeria Plc in its just-published H1 2019 result announced a 28.6% y/y decline in Revenue to N51.6 billion in 9M 2019.
Quick take: Higher OPEX, FX loss weigh on earnings
Dangote Cement reported a mild decline in Revenue (down 0.8% y/y to N679.8 billion) in 9M 2019.
Quick take: Growth slows in Q3 as profit misses estimates
Nestle Plc in its recently released 9M 2019 result announced Revenue growth of 4.0% y/y to N211.3 billion for 9M 2019 from N203.1 billion in 9M 2019.
Dangote refinery rules out 2020, as refinery gets new date
Dangote Group has announced that its refinery would be commissioned by the end of first half in 2021.
Lafarge Africa gets new CFO one month after resignation of former finance director
The board of Lafarge Africa Plc has announced the appointment of Lolu Alade Akinyemi as the new Chief Financial Officer.
Ikeja Electric signs pact with Onigbongbo Residents Association
Ikeja Electric has signed Premium Power Purchase Agreement with the Onigbogbo Residents Association to ensure the community access 24 hours daily power supply.