Auditor: Oando’s future uncertain as liabilities balloon
Oando is facing serious financial difficulties, with its independent auditor raising concerns about the company's ability to stay afloat.
The oil company’s 2022 financial report,...
Transcorp Hotels sells Calabar unit after mounting losses
Transcorp Hotels Plc., a subsidiary of Nigerian Conglomerate Transnational Corporation Plc. (Transcorp Group), has announced the sale of its Calabar unit, which has recorded...
Nigerian Breweries Plc announces job cuts, plant closures after loss
Nigerian Breweries Plc. (NB Plc.), the country's dominant brewer, has announced plans to cut jobs and close some of its plants following a staggering...
Recapitalization: First Bank’s holding company to raise N300 billion
Nigeria's FBN Holdings, parent company of the banking giant First Bank, is seeking shareholder approval to raise up to N300 billion.
The company plans to...
TomTom maker Cadbury records big loss despite sales growth
Nigeria's Cadbury Plc, known for its Bournvita and TomTom sweets, suffered a big loss in 2023 despite a sales increase. The company reported a...