Companies

Earnings and Dividend

BUA Foods profit doubles, but sugar and pasta face strain

Plu Team -
BUA Foods Plc has reported a strong jump in earnings for the third quarter...
Earnings and Dividend

Caverton eyes air cargo expansion amid narrowing losses

Plu Team -
Caverton Offshore Support Group Plc says it is moving into air cargo services as...
Earnings and Dividend

UAC blames maize, soybean price slump for quarterly loss

Plu Team -
Nigerian conglomerate UAC of Nigeria Plc (UAC) reported a ₦703 million pre-tax loss for...
Earnings and Dividend

Presco Plc approves second interim dividend as profit doubles

Plu Team -
Presco Plc, Nigeria’s leading integrated edible oil producer, reported a sharp jump in profit...
Companies

Nestlé to cut 16,000 jobs

Olawale Afolabi -
Nestlé, the world’s largest packaged food company, said on Thursday it will cut 16,000...
Earnings and Dividend

Mounting unpaid bills overshadow Transcorp Power’s strong profit

Plu Team -
Transcorp Power PLC, a leading player in Nigeria's power generation sector, delivered a robust...
Companies

Ellah Lakes to acquire Tolaram’s Agro-Allied Resources

Plu Team -
Ellah Lakes Plc, Nigeria’s integrated agro-industrial firm, has signed an agreement to acquire Agro-Allied...
Earnings and Dividend

Seplat to boost shareholder payouts with $1 billion dividend plan

Plu Team -
Seplat Energy, a leading Nigerian oil and gas company, has pledged to hand investors...
Companies

Airtel Africa extends share buy-back programme to March 2026

Plu Team -
Airtel Africa has announced revisions to its ongoing share buy-back programme, extending the window...
Earnings and Dividend

UBA surprises market with lowest interim dividend in three years after record 2024 payout

Plu Team -
United Bank for Africa has declared an interim dividend of 25 kobo per share...
Companies

Dangote Cement bets on exports to build $22m forex cushion

Plu Team -
Dangote Cement is turning to exports as its insurance policy against Nigeria’s turbulent currency....
Companies

Walmart to open first Africa stores in South Africa after Nigeria talks failed

Plu Team -
Walmart will open its first branded stores in Africa before the end of the...
Companies

Oando rewards shareholders with 679 million shares, plans next distribution

Plu Team -
Oando Plc has announced the completion of the first phase of its Share Distribution...
Banks

Former chairman buys 21% stake in Ecobank from Nedbank

Plu Team -
Ecobank Transnational Incorporated (ETI), the parent company of pan-African lender Ecobank Group, has confirmed...
Companies

Oando shareholders approve ₦500 billion capital raise, debt restructuring

Plu Team -
Shareholders of Oando Plc have granted approval for an extensive ₦500 billion capital-raising and...
Earnings and Dividend

Fidson declares ₦1 interim dividend, approves N30 bn capital raise

Plu Team -
Fidson Healthcare Plc has declared an interim dividend of ₦1.00 per 50 kobo share,...
Earnings and Dividend

BUA’s rice revenue soars nearly 3,000% amid soaring food costs in Nigeria

Plu Team -
BUA Foods Plc’s rice division recorded an almost 3,000% year-on-year revenue increase in the...
Earnings and Dividend

Nestlé Nigeria returns to profit as FX losses ease

Plu Team -
Nestlé Nigeria Plc, the country's largest food and beverage company, has staged a remarkable...
Earnings and Dividend

Nigerian Breweries swings to profit as debt costs falls

Plu Team -
Nigerian Breweries Plc, the country's largest brewer, has reported a significant turnaround in its...
Earnings and Dividend

Airtel Africa Q1 2025 revenue surges 24.9%, profit jumps 408%

Plu Team -
Airtel Africa Plc, a leading telecommunications and mobile money services provider across 14 sub-Saharan...
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