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BUSINESS NEWS
Business and Economic News from Nigeria
Total Plc recorded decreased revenues from its two revenue-generating units and pre-tax profits also decreased.
MTN profits came under pressure in the third quarter of the year due to rising operating expenses and finance costs.
Airtel Nigeria Plc has announced the payment of a total $56,372,272.56 as an interim dividend to shareholders.
Abuja and Ikeja had highest in collection efficiency, out of the 11 electricity distribution companies in Nigeria.
Zoom sported a market valuation of $131 billion, compared to the Nigerian Stock market with a value standing at $42.1 billion.
The Interim dividend of US$0.05 per share will be paid on all the outstanding 588,444,561 ordinary shares of the company.
The CBN has expanded access to mortgage financing by removing restrictions on refinancing mortgages earlier imposed.
UACN Property Development Company Plc recorded decreased revenues from its four revenue-generating units, as total revenues dipped.
Nascon Allied Industries Plc recorded a boost from an increase in the sale of goods revenue-generating unit
Portland Paints and Products Plc recorded decreased revenues in one of its revenue-generating units, as total revenues dipped.
Edlyft raised over $1.4 million in venture funding from a number of investors.
The CBN has revealed businesses and applicants that are either eligible or ineligible to apply for the Nigeria Youth Investment Fund.