Wealth.ng
Deepak Malik replaces Monish Dutt as Ecobank Transnational Incorporated Director 

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 Quick take: Growth slows in Q3 as profit misses estimates

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.
MTN Nigeria, MTN gives update on USSD charge controversy, MTN’s never-ending $2 billion tax case has a new court date 

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 expresses confidence of making 30 billion revenue , Dangote condemns low input of manufacturing sector to economy , Dangote Group goes to Togo, sets up fertiliser and cement factories

Dangote Group goes to Togo, sets up fertiliser and cement factories

Nigeria’s Dangote Group is set to explore Togo’s significant phosphate reserves.
Olowoojere resigns as Omoluabi Mortgage’s MD/CEO, as Aworonke gets appointed 

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 

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.
Total Nigeria records loss for the first nine months of 2019 , Here’s why Total is selling its 12.5% stake in Nigerian oil block 

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 

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.
Chocolate beverage

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 

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

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’ 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

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 

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 

Dangote Sugar Refinery to merge with Savannah Sugar 
Critics blame FG as Vitol quits oil fields acquisition

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.
Nigerian Communications Commission, NCC set to probe telcos over N165 debt , NCC moves to track cybercriminals , Will there ever be a day the NCC withdraws a Nigerian telco’s license? , Brief comparison of telcos’ annual revenue reveals interesting disparities 

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 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 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 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.
Dangote Flour Mills Plc, Massive shakeup occurs on Dangote Flour Mills Board as key members resign 

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 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 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 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

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.
Dangote Cement, Gas turbines

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.
Nestle Quick take: Growth slows in Q3 as profit misses estimates

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 get new operation date , Dangote Refinery to export products to Europe, South America, others 

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 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 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.   
Just In: Ikeja Electric signs pact with Onigbagbo Residents Association

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.