Friday, April 27, 2018

Companies

All the latest Nigerian company news, market intelligence and analysis

NEM Insurance

Q1 2018 Results: NEM Insurance Plc posts ₦889.9 million pretax profit

NEM Insurance Plc recently released its financial statements for the period ended Q1 March 31st 2018. Here are the key highlights of the result; Revenue The company...

Here is why Diamond Bank is selling its UK subsidiary

Diamond Bank Plc has announced the share sale and purchase agreement with a member of GFG Alliance for disposal of entire shareholding in its...

UPDC Plc appoints new acting Managing Director

UACN Property Development Company UPDC Plc has announced that its Managing Director, Hakeem Ogunniran will proceed on a retirement leave on May 1, 2018,...

Farmcrowdy to link UK-based Nigerians with investments in the Agri-Sector

UK-based Nigerians are investing in Nigeria’s booming agricultural sector from the comfort of their homes, thanks to one and half year-old, VC-backed agritech platform,...
Access Bank

Q1 2018 profit: Access Bank Plc records ₦22.1 billion

Access Bank Plc today released its financial statements for the period ended Q1 March 31st 2018. Here are the key highlights of the results; Revenue The bank...

FBNQuest Merchant Bank records ₦6.17 billion profit before tax

FBNQuest Merchant Bank, the investment banking and asset management group of FBN Holdings Plc, has declared a profit before tax (PBT) of ₦6.17 billion...
Globacom Limited

Glo signs MOU with Huawei on broadband penetration in Nigeria

Globacom limited has announced the signing of a Memorandum of Understanding MOU with Huawei for the construction of Glo 2 submarine optic fiber cable. According...

Custodian and Allied Plc has a new name

Shareholders of Custodian and Allied Plc have approved the change of the group’s name to Custodian Investment Plc. This resolution was reached at the company...
Trans-Natiowide express Plc

Trans-Nationwide Express Plc posts N174.7 million revenue in Q1 March 2018

Trans-Nationwide Express Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights:   Revenue: Q1 2017: ₦183.6 million Q1 2018: ₦174.7...
Dangote Cement Plc,

Dangote Cement Plc revenue up 16% to ₦242 billion Q1 March 2018

Dangote Cement Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights: Revenue: Q1 2017: ₦208 billion Q1 2018: ₦242...
Abbey Mortgage Bank Plc

Abbey Mortgage bank Plc posts N297.9 million revenue in Q1 March 2018

Abbey Mortgage bank Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights:   Gross Earnings: Q1 2017: ₦338.6 million Q1...

Addax Petroleum issues ‘no work no pay’ letter to striking workers

The industrial action embarked upon by the senior staff of Addax petroleum has taken a new dimension as striking members were allegedly served a...

CWG Plc reveals new listing plans

The Chief Executive Officer, CWG Plc, Mr. James Agada has revealed plans by the company be listed on either New York, London or NASDAQ. The CEO,...
Transcorp Nigeria Plc

Transcorp Nigeria Plc posts N5.9 billion pretax profit in Q1 March 2018

Transcorp Nigeria Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights:   Revenue: Q1 2017: ₦15,768 billion Q1 2018: ₦26,302...
Nigerian breweries

Nigerian Breweries Plc posts N15.2 billion pretax profit in Q1 March 2018

Nigerian Breweries Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights:   Revenue: Q1 2017: ₦91,289 billion Q1 2018: ₦82,966...
Cherie Blair

Dangote Cement appoints Cherie Blair and Mick Davies as Non-Executive Directors

Dangote Cement Plc, today announced the appointment of Cherie Blair and Mick Davies as Independent Non-Executive Directors of the company effective April 20, 2018. Cherie...
Lafarge

Lafarge Africa Plc posts N80.6 billion revenue in Q1 March 2018

Lafarge Africa Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights   Revenue: Q1 2017: ₦81,311 billion Q1 2018: ₦80,643...

Dangote Cement appoints Joseph Makoju as substantive MD

Dangote Cement Plc today announced the appointment of Joseph Makoju as its Managing Director. Prior to his appointment, he had been Acting Managing Director. He...

Tata to kick start local production of its trucks in Nigeria soon

Tata Africa Services Nigeria Limited has announced plans to manufacture 40 percent of its trucks being sold in the country locally from next year. In addition,...
UBA Plc

UBA Plc gross earnings up 18% to N119.4 billion in Q1 March 2018

UBA Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights:   Gross Earnings: Q1 2017: ₦101.2 billion Q1 2018: ₦119.4...
Livestock Feeds Plc

Livestock Feeds Plc revenue down by 48% to N1.6 billion in Q1 March 2018

Livestock Feeds Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights:   Revenue: Q1 2017: ₦3,122 billion Q1 2018: ₦1,618...

Jaiz Bank bullish on non-interest banking

Managing Director, Jaiz Bank, Alhaji Hassan Usman has expressed satisfaction with the level of acceptance of non-interest banking in the country. Usman noted that...

Universal Insurance Plc announces Paulinus Offorzor as new executive director

Universal Insurance Plc has announced the appointment of Mr. Paulinus Offorzor as the Executive Director, Technical Operations of the company following the confirmation by...

Multichoice may have raked in N5.1 billion from voting on Big Brother Naija

Miracle Ikechukwu Igbokwe yesterday emerged winner of this year's Big Brother Naija tagged 'Double Wahala'. The Winner of #BBNaija Double Wahala is Miracle! Weldone to...

SEC reveals plans to stop increasing de-listing of companies.

In a bid to stop the growing number of delisted public companies on the Stock exchange, the Securities and Exchange Commission (SEC) has disclosed...
Chams plc

Chams Plc posts N739 million revenue in Q1 March 2018

Chams Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights: Revenue: Q1 2017: ₦335 million Q1 2018: ₦739 million %Change:...
Mobil Producing Nigeria Unlimited Chairman, Udom Inoyo

Supreme Court annuls Mobil Producing Nigeria’s dismissal of 860 workers

After a long drawn legal battle that has lasted nearly two decades, the Supreme Court has annulled Mobil Nigeria's dismissal of 860 staff in...
nigeria-mtn-group

MTN selects Nigerian brokers for planned IPO

MTN Group has commenced the process of its IPO with the appointment of some banks and brokers to help with the listing. According to Bloomberg,...
Basil Omiyi; Stanbic IBTC Chairman

Stanbic IBTC Plc gross earnings up 22% to N57 billion in Q1 March 2018

Stanbic IBTC Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights: Gross Earnings: Q1 2017: ₦47,022 billion Q1 2018:...
Transcorp Hotel Plc

Transcorp Hotels Plc revenue up 28% to N3.8 billion in Q1 March 2018

Transcorp Hotels Plc has released its financial statements for the period ended Q1 March 31st 2018. Here are the highlights:   Revenue: Q1 2017: ₦2,988 billion Q1 2018: ₦3,816...