Leading oil palm processing firm, Okomu Oil Palm Company Plc, has reported a plunge in its after-tax profit, amounting to N2.997 billion for Full Year 2019,...
As part of TLcom’s plan for the next 18 months, the venture capital firm has announced its intent to invest $71M in 12 new start-ups from...
The bearish run in the Nigerian bourse continued today as sell pressure on blue-chip equities caused key performance indicators to close in the negative territory. A...
Transnational Corporation of Nigeria Plc has reported a 27% slump in earnings for Full Year 2019, compared to the same period of 2018. The details of...
The Federal Government on Tuesday unveiled its plan to take a $17 billion credit line from China-Exim Bank. Zainab Ahmed, the Finance Minister, made the disclosure...
Lagos-based venture capitalist platform, CeedCap, has joined America’s cluster of investors’ group, the Global Startup Studio Network, GSSN, to become the first African start-up studio to...
Nothing less than 70% of Gokada riders have been laid off following the Okada ban policy by the Lagos State government. The lay off, which affected...
Sterling Bank Plc has reported a 17 percent increase in its profit after- tax for full year 2019 compared to the relative period of 2018. The...
Share registration service provider, Africa Prudential Plc, has reported a modest growth of 6.7 percent in its profit after-tax for Full-Year 2019 despite a fall in...
Nigeria’s largest brewer, Nigerian Breweries Plc, has announced the continuation of its Commercial Paper programme by launching the Series 5 and 6 of the programme, which...
Integrated digital payments and commerce company, Interswitch Limited, has listed its N23 billion bond on the Nigerian Stock Exchange (NSE). The Callable Senior Unsecured Bond, which...
Nigerian-owned agric startup, FoodLocker, has emerged as one of five (5) startups accepted into the Venture Scale programme. The programme, which is a flagship course of...
The Nigerian Stock Exchange (NSE) sustained its bearish reign on Monday as market capitalisation shrank further, this time by N160 billion. All the key market performance...
Confectionery and food-processing giant, Cadbury Nigeria Plc has reported a 54% growth in its after-tax profit for Full Year ended 31st December 2019 in spite of slight...
Nigerian e-commerce company, Konga, is, no doubt, one of the visible players that has heavily invested to domesticate the American Amazon idea in Nigeria, building an...
Countries must work out innovative ways in which the potential of both fossil fuels and renewable energy can be harmonised and harnessed until the time renewable...
British independent oil and gas firm, Savannah Petroleum PLC, has announced that Accugas, its recently acquired asset, has entered into a new Interruptible Gas Sales Agreement...
In general, the week that just went by was a terrible one for investment at the Nigerian Stock Exchange (NSE) as the key market performance indicators...
Alcoholic beverage manufacturing giant, Guinness Nigeria Plc, has reported a 49% plunge in its pre-tax profit for the half-year ended 31st December 2019 despite a marginal increase...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities while not...
Pharmaceutical and healthcare company, GlaxoSmithKline Consumer Nigeria Plc has reported a 2% drop in its after-tax for the year ended, 31 December 2019 despite improvement in...
The Nigerian bourse recorded its worst trading week so far in 2020 this week as profit-taking cost the market a staggering N405 billion in five days....
West African ground handling service provider, Nigerian Aviation Handling Company (NAHCO) has posted a 431% increase in its after-tax profit for the the year ended 31st December...
Law Union and Rock Insurance Plc has declared a 215% growth in its profit for the year ended 31st December 2019 compared to the corresponding period of...
The Nigerian Stock Exchange ended Friday’s trade in the negative territory as it recorded depreciation in all its Key Performance Indicators (KPIs). A negative market breadth...
Leading agro-industrial and oil palm processing firm, Presco Plc, has recorded an 8.2% slump in its after-tax profit, translating to N1.463 billion, for Full Year 2019....
MRS Oil Nigeria Plc has declared a loss of N1.137 billion for Full Year 2019. This makes it the second time the indigenous oil and gas...
Fidelity Bank Plc has declared a 28.5% growth in its profit for Full Year 2019 on the back of improvement in its earnings, compared to the...
Petroleum marketing company, Conoil Plc, has declared an 11% growth in its after-tax profit for Full Year 2019 compared to the corresponding period of 2018. Conoil...
FBN Holdings Plc, the non-operating holding company of FirstBank of Nigeria Limited, has posted a Profit After Tax (PAT) of N61.947 billion for Full Year 2019, up by 3.8%...
African e-commerce and logistics company, Jumia, which launched operation in Lagos eight years ago has, no doubt, had an eventful past while structuring its business and...
11 Plc, formerly Mobil Oil Nigeria Plc, has declared an after-tax profit of N8.856 billion for Full Year 2019, a 5.1% or N473.219 million drop from...
Nigeria lost $408.28 million (about N148.002 billion) in capital flight arising from plunge in Foreign Direct Investment (FDI) between June and September 2019 owing to insecurity...
UACN Property Development Company PLC has reported a total loss of N16.257 billion for Full Year 2019, making it the fourth year in a row the...
Nigeria’s debt to the World Bank soared from $8.51 billion (about N3.085 trillion) as of September 2018 to $9.81 billion (over N3.556 trillion) as at September...
Stanbic IBTC Holdings Plc has declared an after-tax profit of N75.035 billion for Full Year 2019, compared to the N74.440 billion recorded in the same period...
National Salt Company of Nigeria (NASCON), a member of the Dangote Group of companies, has declared a 56% plunge in its after-tax profit for Full-Year 2019...
Kenyan logistics startup, Sendy, has announced raising the sum of $20M in Series B Funding round led by foreign investors, Atlantica Ventures and Toyota Tsusho Corporation....
The Nigerian Stock Exchange (NSE) continued its bearish run today as the Key Performance Indicators recorded decline. A negative market breadth was recorded as 10 gainers...
American multinational technology company, Google, on Tuesday, January 28, launched a developer hub in Lagos for African tech entrepreneurs. Similar to the Facebook Hub that launched...
Chemical and Allied Products (CAP) Plc, a subsidiary of UACN Plc, has reported a 12% fall in its profit for Full Year 2019 compared to the...
Union Bank of Nigeria Plc has announced a planned divestment of its United Kingdom subsidiary and committing the proceeds to leveraging “growth opportunities in Nigeria” while...
Airport and aviation service provider, Skyway Aviation Handling Company (SAHCO) has posted an after-tax profit of N530.172 million for Full Year 2019, a clear departure from...
Oil and gas exploration and production powerhouse, Total Nigeria Plc, has declared a 70% plunge in its Full Year 2019 after-tax profit compared to the corresponding...
Profit-taking in bellwether stocks caused the Nigerian Stock Exchange to close in the negative territory today with all the Key Performance Indicators (KPI) ending in the...
Kenya’s ecommerce platform, Africasokoni, has taken another step towards the fulfilment of its vision as it thrusts its foot into Africa’s largest economy, Nigeria. The B2C...
On Monday, January 27, the Lagos State government, through the office of the Senior Special Assistant to the Governor on New Media, announced its intention to...
Leading courier and packaging company, Red Star Express Plc, has recorded a 19% plunge in its after-tax profit for Q3 ended 31st December, 2019 relative to the...
Airtel Africa has posted a negative growth of $30 million (about N10.875 billion) or 22.6% in its after-tax profit for the 3rd quarter ended 31st December, 2019 year-on-year...
Indications emerged on Monday that Organisation of Petroleum Exporting Company (OPEC) and its allies might extend its current production cuts or even deepen them to buffer...