[Corporate Action] NAHCO’s Profit After Tax Drops By 13% to N519 million In Q3’2015

Nigerian Aviation Handling Company of Nigeria released its financial results for the nine months ended September 2015. The result showed that revenue increased by 4.90%...

[Corporate Action] Okomu Oil’s Pre-tax Profits Rises By 23% to N2.5 billion In Q3’2015

Okomu Oil released its financial results for the nine months ended 30 September 2015. The result showed that revenue rose by 12.34% from N6.8 billion...

[Corporate Action] Linkage Assurance Profits Drops By 4% to N651 million In Q3’2015

Linkage Assurance released its financial results for the nine months ended 30 September 2015. The result showed that Gross Premium grew by 18% from N2.5...

Will These Mobile Networks Block WhatsApp?

MTN SA CEO Mteto Nyati recently said  WhatsApp must be investigated by Icasa, and that the “playing fields needed to be levelled” when it came to...

Here Are Some Of The Best Punchlines From Okechukwu Enelamah Senate Screening

Okey Enelamah had his Senate screening on Wednesday and as expected impressed on several accounts. We tracked the hearing and as usual noted some...

[Corporate Action] GlaxoSmithKline’s Profits Drops By 74% to N485 million In Q3’2015

GlaxoSmithKline Nigeria Plc released its financial results for nine months ended September 2015. The result showed that revenue declined by 24.51% from N30.5 billion in...

[Corporate Action] Sterling Bank’s Profit After Tax Rises By 6.85% to N7.5 billion In...

Sterling Bank released its financial result for the nine months ended 30 September 2015. The result showed that profit after tax rose by 6.85% from...

Volkswagen Slumps To First Quarterly Loss in 15 years

Volkswagen has slumped to a loss of €3.5bn, its first quarterly loss in at least 15 years, as the company counts the cost of...

GMD Kachikwu Gives Reasons Why Refineries Can’t Access Crude

Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Emmanuel Kachikwu has stated  that the four refineries are not performing optimally because the refineries are...

[DEAL] Seven Energy, MIGA Seal $200m Gas Infrastructure Financing

Seven Energy International Limited  and Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group  has...

5 Top Nigerian Banks Report 142% Increase In Loan Loss Charges…Now N81.8 Billion

Nigerian Banks have been releasing their 2015 9 Months earnings and by all indications the numbers have been quite impressive. Not only are banks...
Skye Bank

[Corporate Action] Skye Bank’s Profits Rise By 21% to N11.9 billion In Q3’2015

Skye Bank Plc released its financial results for the 9 months ended September 2015. The result showed that Net Interest Income rose by 14.49% from...
Nigerian stock exchange - nairametrics

[Nigerian Stocks] Oando Sheds 9.67%, As All Share Index Dips By 0.82%

The Nigerian All Share Index Dipped by 0.82% on Tuesday's trading to close at 29,572. May & Baker led the gainers chart, the company gained...

[ANALYSIS] Foreign Markets Are Paying off For Dangote Cement

Dangote Cement Plc. (9 months ended September 2015) Rising non-Nigerian footprints: Top-line booster, bottom-line dampener Dangote Cement Plc (Dangcem) released unaudited results for 9 months...

Dangote Sugar Sales Volume Drops No Thanks To Apapa Traffic

Nigeria's largest sugar producer Dangote Sugar Refinery PLC  released its 2015 9 months to September 30th interim results reporting pre-tax profits rose 2.3% year...

Auditor Says Oando “Contravened” CAMA By Paying Dividend Out Of Insufficient Reserves

The auditors of Oando Nigeria Plc Ernst & Young in their auditors opinion of the 2014 audited Financial Statement of the company confirmed that...

Oando Losses Continue, Posts N47 billion Q3’2015 Loss

Oando released its interim financial statements for the third quarter of 2014 and 2015. The result showed that gross profit fell 36% in the third...

[Corporate Action] Nestle Nigeria PAT Rises By 2% to N17 billion In Q3’2015

Nestle Nigeria Plc released its financial results for the period ended 30th September 2015. The result showed that revenue rose by 5% from N102 billion...

[Corporate Action] Diamond Bank PAT Drops By 20.8% to N15 billion In Q3’2015

Diamond Bank released its Q3'2015 financial results for the year ended 30 September 2015. The result showed Pre-tax Profits dropped by 21.68% from N23 billion...

NCC Hits MTN With Largest Corporate Fine In Recent History, Share Price Nose Dives!

The Nigerian Communications Commission, NCC has fined South Africa's MTN 1.04 trillion naira ($5.24 bln) after it failed to comply with a directive to...

Stanbic Responds To FRCN With A Stinker

Stanbic IBTC has issued a response to the FRC's allegations of its management attesting to “misleading” financial statements. In its response Stanbic IBTC said: Stanbic IBTC...

President Buhari To Attend 3rd Summit Of India-Africa Forum

President Muhammadu Buhari will leave Abuja on Tuesday for New Delhi to participate in the 3rd Summit of the India-Africa Forum aimed at boosting...

[Corporate Action] FBN Holdings PAT Drops By 9.73% to N50 billion In Q3’2015

FBN Holdings released its financial results for the nine months ended 30 Sept 2015. The result showed that grew by 9.31% from N176 billion Q3'2014...
Fidson Healthcare Plc

[Corporate Action] Fidson Healthcare PAT Rises By 1.5% to N473 million In Q3’2015

Fidson Healthcare released its financial results for the nine months ended Sept 2015. The result showed revenue dropped 17.98% from N7.5 billion in Q3'2014 to...

[Corporate Action] Dangote Cement PAT Rises By 12% to N157 billion In Q3’2015

Dangote Cement released its financial results for the period ended September 2015. The result showed that revenue rose by 17.81% from N310 billion in 2014...

NATCOM To Rehabilitate NITEL With $1.2bn

NATCOM, the new owners of the National Telecommunications carrier, NITEL, has disclosed  plans to revamp it with over $1.2billion. The sum, according to the company, would be...

Intralot Expands Presence In Africa With New Nigeria Project

INTRALOT Group (a  leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed...

[Corporate Action] Seplat Petroleum PAT Drops 61% to N13 billion In Q3’2015

Seplat Petroleum released its financial results for the nine months ended 30th September 2015. The result showed that revenue dropped 9% from N92 billion in...

Dangote Refinery Will Commence Operations In 2018

The Management of Dangote Petrochemicals and Fertiliser Plant  said that its 650,000 barrels Per Day (BPD) capacity petroleum refinery would come on stream by...

[SEED FUNDING] Interswitch Invests $1m in SlimTrader

Nigeria's leading integrated payment systems company, Interswitch Ltd has invested $1million in seed capital to SlimTrader. The Founder and Group Managing Director of Interswitch, Mitchell Elegbe,...

Popular

Ray Dalio

A Billionaire recommends 3 Strategies to Create Wealth

Ray Dalio, founder of Bridgewater Associates, has pointed out to young investors three strategies they should adopt inorder to create wealth.
Ministerial list

President Buhari assigns portfolios to all 43 ministers [Full-List]

President Muhammadu Buhari has finally assigned portfolios to all the forty three (43) ministers. 
Toyota SUV landcruiser

Toyota to cancel Land Cruiser, opens ancillary auto centre in Abia 

By 2022, Nigerians and other users of Toyota’s Land Cruiser will no longer be able to purchase the Sport Utility Vehicle (SUV) following the decision of the carmaker to stop producing it.