Threat To Beta Glass? Swiss-Based Sidel Wins Coca-Cola Project in Nigeria

Switzerland’s Sidel, a global provider of liquid packaging solutions, has won a major project in from the Nigerian Bottling Company, a member of the...

Deal: Nigerian Breweries Plc Agrees To Merge With Consolidated Breweries Plc

Nigerian Breweries Plc has agreed to merge with Consolidated Breweries Plc and have now approached & Exchange Commission SEC. The proposed merger has been...

Official: Union Bank Initiates Plans To Divest From Non-Banking Subsidiaries

Union Bank of Nigeria Plc has notified The Nigerian Stock Exchange that the Bank has appointed financial advisers for the purpose of obtaining guidance...

Official: Again, Oando Extends Conoco Phillips Deal To June 30, 2014

Oando Energy Resources released this statement confirming a 60 day extension of the acquisition of the COP Nigerian upstream asset. CALGARY, ALBERTA April 30, 2014...

Diamond Bank Extends Alex Otti’s Tenure & Appoints First Ever DMD

Diamond Bank Plc has announced the extension of the tenure of its Group Managing Director and Chief Executive Officer, Dr. Alex Otti, for another...

Access Bank Plans To Raise $1billion In Local or Foreign Currency

Access Bank has announced plans to raise about $1billion in fresh capital which they plan to use to finance operations and lend to business....

Innovative This? Apple Plans 7 For 1 Stock Split…May Finally Join The Dow

Apple has a announced plans to carry out a 7 for 1 stock split that will see its outstanding shares increase 7 times and...

Another Blowout Quarter: Facebook Revenues Tops 72% YoY To $2.5billion

Facebook (FB_) reported on Wednesday first-quarter earnings and revenue that topped expectations as advertising revenues grew more than expected. Revenue for the first quarter of...

S-H-A-K-E-U-P: Loss Making Afromedia Appoints 4 New Directors

Nigerian Outdoor Media Giant, Afromedia Plc is finally taking a bold step in its quest to reverse its failing state of affairs. The company...

Official: Why Im Leaving Skye Bank – Durosinmi-Etti

Skye Bank Plc recently announced its current CEO Mr Kehinde Durosinmi-Etti will be leaving the bank. A lot of speculation surrounded that announcement with some thinking...

Seplat Shares Gain 15% In It’s First Week Of Trading As Price Hit N700...

Seplat listed in the Nigerian Stock exchange on the 14th of April 2014 at a share price of N576. However, only subscribers to the...

Important Indices About UBA Plc That Is Worth Noting

UBA released its 2013 FY results showing a 9.4% drop in profit after tax to N46billion. It's a bit disappointing when you consider the...

Earnings Forecast: Diageo Hints At Improved Q3 Revenues For Guinness Nigeria Plc

Diageo the Parent Company of Guinness Nigeria Plc has hinted of revenue growth in Nigeria despite decline in volumes worldwide.  According to its recently...

Deal: Seven Energy Secures Additional $255million Quasi Equity To Fund Acquisition of Gas Fields

Reuters: Nigeria's Seven Energy said on Tuesday it had secured $255 million from new backers, including Singapore state investor Temasek, to help fund its...

Skye Bank Plc MD “Retires” Appoints Timothy Oguntayo As New MD/CEO

Skye Bank Plc has notified The Nigerian Stock Exchange that its Board of Directors, at a meeting held on Monday, April 14, 2014, approved...

Blow Out Result? StanbicIBTC Defies Status Quo, Post 100% Increase in PAT

Stanbic IBTC released its 2013 FY results showing a Gross earnings of N111.2billion representing a 21% increase from the N91.8billion posted a year earlier. See...

Fitch Rates Zenith Bank’s $1billion GMT Program B+

Reuters: Fitch Ratings has assigned Zenith Bank Plc's (Zenith)  USD1bn Global Medium Term Note Programme a Long-term rating of 'B+' with a  Recovery Rating...

Right Issue: Diamond Bank Plans To Raise $750million In Fresh Capital

(Reuters) - Nigeria's Diamond Bank said on Wednesday it will seek shareholders' approval to raise additional capital up to $750 million or its naira...

Fidelity Bank Post 57% Drop In PAT…Alarm Bells??

Fidelity Bank Plc released its 2013 FY results showing a 6.5% increase Gross Earnings to N127billion. Other highlights of the result are as follows; Net...

Computer Warehouse Group Post 132% Increase in PAT

Computer Warehouse Group released its first audited accounts on the website of the NSE showing revenue of N20.6billion and a 10% rise from N18.7billion...

UACN Plc Post N9.9billion PAT…See Details

UAC Group Plc released its 2013 FY audited results showing revenue rose 13% to N78.7billion (2012: N69.6billion). Highlights Operating profit without other income dropped 15%...

CAP Plc Post N1.4b PAT, 118% ROE. See details

CAP Plc released its 2013 FY results showing a profit after tax of N1.4billion and representing a 27% increase from the N1.1billion posted in...

UPDC Plc Post N3.1billion PAT

Quick Highlights Gross Profit dropped 36% to N3billion (2012: N5billion) Operating profit without other income was N1.4billion (2012: N3.2billion) Game changer was other income which rose 633%...

MRS Oil Post N634million PAT, Propose 75kobo Dividends

MRS Oil has released its 2013 FY results showing a 10% rise in revenue t0 N87.7billion (2012: N79.2billion). Highlights Gross profit dropped 16% to N4.7billion...

Mansard Insurance Post 35% Increase In Earnings Per Share

Mansard Insurance Plc released its 2013 FY audited results showing a 9% rise in Gross Premium to N13.5billion (2012: N12.4billion). Highlights Net premium increased 6%...

Mobil Oil Plc Post N3.4billion PAT Declare N6 Dividends

  Mobil Oil Plc released its 2013 FY audited results showing a 21% rise in profit after tax to N3.4billion (2012: N2.8billion). Highlights Revenue for the year ...

ABC Transport Post 6% Drop in PAT..See Details

ABC Transport Plc released its 2014 Audited results showing a 6.3% drop in profit after tax to N305million (2012: N326million). Highlights of the results...

Official: Oando Extends Completion of Conoco Phillips Deal To April 30th. Agrees To...

Oando Energy Resources Inc. (“Oando Energy Resources” or the “Company”) (TSX: OER), a company focused on oil and gas exploration and production in Nigeria,...

Official: Seplat Will Sell For Between N535 and N700 Per Share. See full details

  SEPLAT, an indigenous independent oil and gas company incorporated and operating in Nigeria with a strategic focus on Nigeria, announced on 11 March 2014...

RESULT: Ashaka Cement Post 9.6% Drop In PAT To N2.8billion. See Details

Ashaka Cement Plc released its 2013 FY results posting a profit after tax of N2.8billion representing a 9.6% drop from the N3.1billion posted in...
14,184FansLike
24,846FollowersFollow