Big Business

FTN Cocoa profit crashed by 97% in Q2
Big Business

FTN Cocoa profit crashed by 97% in Q2

FTN Cocoa processor said it recorded a net loss of NGN286.0 million for the second quarter against NGN151.1 million in 2016. The total revenue for the quarter was NGN18.5 million for second quarter 2017 compared to NGN662.9 million recorded same period in the financial year 2016. The company’s loss before […]

Is 9Mobile really looking for investors?
Big Business

Is 9Mobile really looking for investors?

After changing its name from Etisalat Nigeria to 9Mobile Telecom, Nigeria’s fourth largest mobile carrier said it is open to new investors. The company had in the last three months faced a tough operating condition after its erstwhile investors- Abu Dhabi-based Etisalat Group and Mubadala Development Company PSJC backed out […]