Companies

Companies

Diageo reduces presence in Nigeria, sells Guinness to Tolaram

Plu Team -
Diageo Plc, the world's largest spirits producer, is selling its majority stake in Guinness...
Companies

Jumia opens new integrated warehouses in Lagos, Casablanca

Plu Team -
E-commerce company Jumia on Monday announced the opening of two new integrated warehouses: a...
Markets & Investing

Recapitalization: UBA offers shareholders over 17% yield to reinvest dividends

Eric Ojo -
United Bank for Africa Plc (UBA) is offering its shareholders a lucrative opportunity to...
Companies

FBN Holding Q1 profit surges 316% — highest margin in at least 6 years

Plu Team -
FBN Holding announced today an unprecedented surge in its first-quarter profits for 2024, reaching...
Companies

Jaiz Bank proposes dividend after strong 2023, maintains momentum in Q1 2024

Plu Team -
Jaiz Bank Plc reported strong financial performance for both full year 2023 and the...
Companies

MeCure Plc to produce Augmentin equivalent in Nigeria after GSK exit

Glory Okah -
MeCure Industries, a pharmaceutical company that is based in Nigeria, says it has received...
Companies

Africa’s biggest packaging group Nampak Ltd. leaves Nigeria

Eric Ojo -
Debt-heavy South African packaging company, Nampak Ltd., says it has agreed to sell its...
Companies

Emirates to return to Nigeria in October

Plu Team -
Emirates says it will resume services to Nigeria from October 1, operating a daily...
Companies

Mining firm Panthera exits Nigeria as DFR takes over Gurara project

Plu Team -
Panthera Resources, a gold exploration and development company, says it is exiting its interest...
Companies

Dangote says devaluation of naira “biggest mess” of 2023

Olawale Afolabi -
Nigerian billionaire Aliko Dangote has blamed the Nigerian government's devaluation of the naira for...
Companies

Auditor: Oando’s future uncertain as liabilities balloon

Plu Team -
Oando is facing serious financial difficulties, with its independent auditor raising concerns about the...
Companies

Transcorp Hotels sells Calabar unit after mounting losses

Plu Team -
Transcorp Hotels Plc., a subsidiary of Nigerian Conglomerate Transnational Corporation Plc. (Transcorp Group), has...
Companies

Nigerian Breweries Plc announces job cuts, plant closures after loss

Olawale Afolabi -
Nigerian Breweries Plc. (NB Plc.), the country's dominant brewer, has announced plans to cut...
Companies

Recapitalization: First Bank’s holding company to raise N300 billion

Plu Team -
Nigeria's FBN Holdings, parent company of the banking giant First Bank, is seeking shareholder...
Companies

TomTom maker Cadbury records big loss despite sales growth

Olawale Afolabi -
Nigeria's Cadbury Plc, known for its Bournvita and TomTom sweets, suffered a big loss...
Companies

Indorama: Nigeria fertilizer firm gets $75 million AFDB loan

Eric Ojo -
Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited (IEFCL) has secured an additional $75 loan...
Companies

Access Bank reports record profit and asset growth in 2023

Plu Team -
Access Bank Holding Company, Nigeria’s largest bank by asset, has released its annual report...
Companies

Shell paid Nigeria more than any other country in 2023

Plu Team -
British energy giant Shell said it paid a total of $67 billion to governments...
Companies

Honda, Nissan team up on electric vehicle challenge

Plu Team -
Japanese automakers Nissan and Honda announced a surprising partnership to explore ea joint venture...
Companies

Nigeria SEC blocks PZ Cussons takeover by UK parent company

Plu Team -
PZ Cussons says Nigeria's securities regulator, SEC, has blocked the move by its parent...
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