Online Foam: Mouka Foam Partners With Konga and Jumia

Mouka Limited is partnering two online stores Konga.com and Jumia.com, to provide internet based platforms for transaction between the company and its customers. Managing Director...

Livestock Feeds Still Struggling to Integrate With UAC One Year After Acquisition By UAC

  The Chairman of the company, Mr. Larry Ettah noted that a lot of challenges remained to be tackled in the process of integrating the company...

Consolidated Discount House Will Pay N2.1billion As Dividends To Its Shareholders

  The Consolidated Discount House Limited (CDL) Wednesday declared a total dividend payout of N2.1 billion to its shareholders in its financial year ended December...

World’s Largest TV!!! Sharp’s 90- Inch Television Arrives Nigeria

  Sharp, Middle East and Africa, part of Sharp Corporation, has announced the arrival of the world’s largest commercially available television, the 90 inch Aqua...

AGM Watch: Lafarge Increases Dividend Payout By 60%

Shareholders of Lafarge WAPCO Nigeria Plc have enjoyed bountiful returns on their investment as the company’s increased its dividend pay-out by 60 percent for...

AGM Watch: Lean Africa (Formerly Longman) Approves 20kobo Dividend For FY 2012

Despite the impact of piracy, which negatively impacted the publishing industry in 2012, shareholders of Learn Africa Plc, last week in Lagos smiled home...

Presco Oil Goes Retail…Introducing 5 & 20ltrs Oil Packs

If the advertorial I saw in the papers is anything to rely on then it confirms Presco Oil is set to introduce 5ltrs and...

Citi Bank Gloats: We Raised $400million Loan Facilities For Fidelity Bank

Citi Bank in Nigeria is a relatively small banking unit when compared to the its operations in Europe and in America. However, that will...

Like Really?? Oil And Gas Industry Needs A Bailout. Oil Company C.E.O

  The GMD/CEO of Mainland Oil and Gas, Mr. Chris Igwe was interviewed by a Daily Trust Reporter reporter and published on their website today. I thought...

AGM Watch: Mobil Shareholders Approve N5 Dividend Per Share For FY Dec 2012

“As we continue to plan for the challenges ahead, the directors recognise the need to constantly focus on shareholder returns that are competitive and...

Transcorp Plc Extends N13billion Rights Issue To June 7, 2013

  The Securities and Exchange Commission (SEC) has approved  a one-week extension for the Transnational Corporation of Nigeria (Transcorp) rights issue to enable wider shareholder...

Corporate Action: CAP Plc Proposes 1 For 4 Bonus Issues, UACN 1 For 5

CAP Plc Board of Directors have approved a 1 for 4 bonus issue and will be approved on their AGM date set for 24th...

Company Watch: Multiverse Plc, Chinese Firm Sign Multi Million Dollar Mining Deal

A Chinese mining , Unicontinental International Engineering Company Limited has signed a multi-million dollar joint venture agreement with Multiverse Plc to commence work on new...

Company Watch: Why We Are Investing $500million In Tanzania – Dangote Cement

The investment in this sector, which he explained as being outside the traditional mining sector, is to take advantage of the abundance of limestone...

Nestle Plc Share Price Crosses N1,000 Per Share

Nestle finally hit the N1,000 share price at close of trading May 31 2013. As at closing today, June 3rd 2013 the share price...

Nestle Plans To Build Third Factory, Blames Insurgency In The North For Fall In...

Nestle Nigeria Plc released its Q1 2013 earnings earlier in May with pre-tax profits dropping 4% to N7billion when compared to the same period...

Official: FBN Holdings (First Bank) Will Pay N1 As Dividend For FY 2012

  Shareholders of FBN Holdings Plc last week approved the N32.6 billion dividends recommended for the year ended December 31, 2012 and commended the board...

AGM Watch: May & Baker Plans To Raise Capital (Owes TY Danjuma’s Company About...

May & Baker Nigeria Plc will raise additional capital to support its business expansion and position itself  against competition, the Chairman of the company,...

Sanyo Acquires 25% Stake In Olam Nigeria’s Noodles Business

The Nigeiran Food Business can't get anymore competitive can it.... Japan's Sanyo Foods has joined forces with Olam International to manufacture and distribute instant noodles...

PZ Partner With Wilmar To Invest N100billion In Nigeria (Will Create over 12k Jobs)

PZ Cussons and Wilmar International are working on a multi-billion palm produce investment that will be developed on 50, 000 hectares of land. The investment...

Award Season: GT Bank Is African Bank Of The Year

It's the award season and banks love awards like this... The Guaranty Trust Bank Plc (GTB) yesterday announced that it was on Wednesday conferred with...

AGM Watch: Lean Africa Claims Market Leadership In Publishing

Believe it or not? Learn Africa Plc, formerly Longman Nigeria Plc, has reported that it controls about 60 per cent market share in the publishing...

Company Watch: Pharma-deko Shareholders Approve Equity Raising Via Rights Issue

  Shareholders of Pharma-Deko has approved the boards proposal to raise fresh equity via a rights issue. See below; Shareholders of Pharma-Deko Plc have given the...
Skye Bank

Skye Bank Shareholders Approve N50billion Capital Raising

I mentioned some days ago that Skye Banks is looking to raise equity to increase its Capital Adequacy Ratio. Reuters has confirmed as follows; Skye...

IFC Acquires 8% of Tantalizers Plc

IFC must be finding some economic value in the floundering food business in Nigeria. After investing in Food Concepts (owners of IFC) has now...

Official: First Bank To Close Branches for Two Days Starting Thursday 6th June –...

  If you are an account holder in First Bank better take not of this and make sure you're not caught napping.... First Bank Plc will...

Oshiomole Happy With Guinness N35billion Investment In Brewery In Benin City

This is great news for the people of the ancient city if Benin. However, it will be interesting to see how this benefits shareholders. Edo...

Digital Printing Company Konica Minolta Has Invested N1billion in Nigeria

Konica Minolta is a Japanese Company that manufactures business and industrial imaging products, including copiers, laser printers, multi-functional peripherals (MFPs) and digital print systems for...

After Being Bailed Out By AMCON, Nigerian Banks Continue To Chase Awards. This Time...

Despite lending at exorbitant rates and only just recovering after being bailed out by AMCON, the award spree has started again.   Guaranty Trust Bank Plc...

GSK Shareholders Against Take Over By Foreign Owners??

I saw this article on Vanguard which I thought was worrying. It's not clear who is complaining here but all the same it is...
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