Companies

Companies

Transcorp appoints two new CEOs after increasing Abuja electricity stake

Olawale Afolabi -
Transnational Corporation Plc or Transcorp has appointed two chief executives for its power units...
Companies

World’s most indebted property developer, Evergrande, files for bankruptcy

Plu Team -
China's Evergrande Group, reputed as the world's most heavily indebted company, has filed for...
Companies

Hopes fade for missing Seplat rig workers as search enters third day

Plu Team -
Three crew members who went missing on Tuesday after an oil rig operated by...
Companies

One killed, three missing as Seplat rig collapses in Delta

Plu Team -
At one person died on Tuesday when a rig operated by Seplat Energy collapsed...
Companies

Tinubu govt to sell stakes in 20 state-run companies

Olawale Afolabi -
The Nigerian government is planning to sell stakes in about 20 state-owned companies in...
Companies

Caverton’s half-year revenue falls 4.9% as profit rises

Plu Team -
Caverton Offshore Support Group Plc, which provides marine, aviation and logistics services to local...
Companies

GSK, maker of Ampiclox and Panadol, closes business in Nigeria

Jane Kalu -
GlaxoSmithKline (GSK) Nigeria has announced its intention to cease operations, citing its consideration of...
Companies

Nigeria, Vietnam drag Heineken’s global beer volume down by 2.8%

Jane Kalu -
Heineken NV posted a 6.3% revenue growth in the first half of the year over...
Companies

Unilever Nigeria reports 17% fall in second-quarter profit

Plu Team -
Consumer goods maker Unilever Nigeria has reported a 17% decline in second quarter profit...
Banks

Otudeko’s Honeywell buys N91 billion shares to become First Bank’s top owner

Plu Team -
Honeywell Group, owned by Oba Otudeko, has stepped up its stake in FBHoldings Plc,...
Companies

Corporate Updates: Stanbic IBTC Ventures gets new chief executive, Cutix sees earnings growth

Plu Team -
A quick run through notable corporate announcements today. - Stanbic IBTC Holdings PLC appointments Stanbic IBTC...
Companies

Lafarge Africa appoints Chinedu Richard acting CFO, gets Nigeria approval for Roadcem

Plu Team -
Cement maker Lafarge has appointed Chinedu Richard its acting chief financial officer. Mr Richard is...
Companies

ABC Transport founder Frank Nneji retires, brother takes over

Plu Team -
Frank Nneji, founder and managing director of Associated Bus Company (ABC) Transport Plc, has...
Companies

Apple officially becomes world’s first $3 trillion company

Plu Team -
Iphone maker Apple has become the first publicly-traded company to close a trading day...
Companies

Unilever in global partnership with TikTok to drive #CleanTok craze

Plu Team -
Unilever and TikTok have unveiled a global partnership centred around the popular hashtag, #CleanTok,...
Companies

10% naira fall to cost PZ Cussons N22.4 billion in revenue

Plu Team -
PZ Cussons, maker of Carex soap and Imperial Leather, says it will lose millions...
Technology

Meta launches subscription service for VR gamers

Plu Team -
Meta Platforms has launched a virtual reality (VR) gaming subscription service. The new Meta Quest+...
Companies

Daewoo wins US$262 million fertilizer plant contract in Nigeria

Plu Team -
South Korea’s Daewoo Engineering & Construction Co. said Monday its Nigerian unit has won...
Companies

Exclusive: Bolt explains rejecting 200% Nigeria fare hike drivers demand

Jane Kalu -
Bolt has given reasons why it would not increase fares in Nigeria by as...
Companies

Nigerian porcelain maker Eunisell Interlinked appoints new chairman

Plu Team -
Eunisell Interlinked Plc formerly, Interlinked Technologies Plc, has appointed Chika Ikenga as its new...
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