Category: Company News

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FCMB Profit Slips To N5.47bn, After 84.6% ‘Other Income’ Slide Drags Q3 Earnings

FCMB Profit Slips To N5.47bn, After 84.6% ‘Other Income’ Slide Drags Q3 Earnings

The long anticipated third quarter earnings report of First City Monument Bank Plc, the holding company of the FCMB Group finally hit the market on Fr...
Forensic Audit: Go To IST, Judge Tells Oando, Throws Out Suit Against SEC

Forensic Audit: Go To IST, Judge Tells Oando, Throws Out Suit Against SEC

Justice Mohammed Aikawa of the Federal High Court, Ikoyi, Lagos, on Thursday said he lacked jurisdiction in the suit filed by energy giant- Oando Plc ...
Oando Petitioner, Dahiru Mangal, Son, Resign From MRS Oil Board

Oando Petitioner, Dahiru Mangal, Son, Resign From MRS Oil Board

The board of MRS Oil Plc, on Tuesday announced the resignation of Alhaji Dahiru Barau Mangal, as non-executive director, from its board. No reasons w...
Dangote Expands Foothold, Opens $500m 1.5mta Cement Plant In Congo

Dangote Expands Foothold, Opens $500m 1.5mta Cement Plant In Congo

Dangote Cement Plc will on Thursday commission its newly built 1.5m metric tonnes per annum of cement factory built at the cost of $500m in Congo, bri...
10 Year After, Investors Await Daar Communications First Dividend Payment

10 Year After, Investors Await Daar Communications First Dividend Payment

By Kingsley Ighomwenghian When Daar Communications Plc opened its initial public offering (IPO) between February 25 and on March 31, 2008, expected...
Dangote Flour Sells Noodle Business To Rival De-United Foods For N3.75bn

Dangote Flour Sells Noodle Business To Rival De-United Foods For N3.75bn

De United Foods Industries, a subsidiary of Dufil Prima Foods, has consolidated its hold in the Nigerian noodles market with the recent acquisition of...
Diamond Bank Plans W’African Subsidiaries’ Sale To Ivoirien Firm For ‎€61m

Diamond Bank Plans W’African Subsidiaries’ Sale To Ivoirien Firm For ‎€61m

The board of Diamond Bank Plc, at the weekend, informed the Nigerian Stock Exchange (NSE) that it has received regulatory approvals to divest its 97.0...
AXA Mansard, IFC, ACA, Others To Finance N28bn 150-bed Hospital, Two Clinics In Lagos

AXA Mansard, IFC, ACA, Others To Finance N28bn 150-bed Hospital, Two Clinics In Lagos

The board of AXA Mansard Insurance Plc, on Thursday announced an agreement with the International Finance Corporation (IFC), Africa Capital Alliance (...
Transcorp Seal 20-Year Deal To Retain Hilton Brand Name In Flagship Abuja Hotel

Transcorp Seal 20-Year Deal To Retain Hilton Brand Name In Flagship Abuja Hotel

Photo Caption: Left to right, CEO of Transcorp Hotels Limited Plc, Valentine Ozigbo; President/CEO, Hilton Hotels, Chris Nassetta; Chairman Transnatio...
Fubara Anga Resigns From Evans Medicals Board

Fubara Anga Resigns From Evans Medicals Board

Weeks after the October 20, 2017, announcement by the board of Evans Medical Plc of the appointment of a Receiver/Manager by Skye Bank Plc and First B...
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