Putprop Limited, a property investment company in South Africa said its Property rental revenue for the year 2017 increased to ZAR57.3 million compared to ZAR51.4 million recorded in the year 2016. The company’s net profit from property operations rose to ZAR53.8 million against ZAR48.1 million in the previous year, while […]
South African brokerage house Sasfin, disclosed that it has dropped KPMG as its JSE sponsor as well as its auditor after 18 years following recent publicized concerns stemming from the Gupta saga and the SARS “rogue unit” report. The company confirmed in a statement that the partnership has ended. See […]
Over 25 banks in Ghana will have to race against time to meet the new capital requirement announced by the Bank of Ghana (BoG) as their current capital is less than 50 percent of the 400 million cedis quoted by the central bank. According to the requirements, all 35 banks […]
Ikeja Hotels plc in its financial report for the year ended December 2016 is reporting NGN1.1 billion profit compared to NGN560.9 million recorded in the financial year 2015. According to the balance sheet, the hotel ended the year with NGN10.8 billion revenue in contrast to NGN9.8 billion posted in the […]
Ikeja Hotels plc in its financial report for the year ended December 2014 is reporting NGN2.9 million profit compared to NGN994.8 million recorded in the financial year 2013. According to the balance sheet, the hotel closed the year with NGN10.0 billion revenue in contrast to NGN11.6 billion posted in the […]
The Securities and Exchange Commission (SEC) has banned the Managing Director of Partnership Investment Company Plc and Partnership Securities Limited Mr. Victor Ogiemwonyi for life from holding directorship position in any public company in Nigeria. Also, Mr. Henry Omoragbon Chairman of the companies was suspended for a period of 5 […]
Publiseer is a free digital publishing platform for authors and artists has since launched its free book and music publishing services. Based in Lagos, Nigeria, Publiseer claims to be passionate about what they do. The publisher prides itself as a “traditional publishing company”, and claims to offer free book and […]
Prison reform startup, Dream Again Prison & Youth Foundation has received a pledge of USD100,000 from Dr Strive Masiyiwa to support the work being done by the organization. Dr Strive Masiyiwa who staged a return to Nigeria via his investment in Kwese (an entertainment company) made the pledge at an […]
Taxify, a ride-hailing startup with operations across Europe in Africa said it will launch its London operations tomorrow across the city. A spokesperson for Taxify, Marilin Noorem said in a statement that thousands of drivers signed up to the platform and ready to accept rides anywhere in the Capital from 10.00am […]
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Tax, audit and accounting company, KPMG might see more turbulence for its local unit in South Africa as more client plan to terminate audit contracts with the firm. KPMG came under fierce criticism for its role in working on the accounts of the Guptas. Clients in South Africa are questing […]
Nasdaq, Inc. said it has priced notes to be used in paying off the acquisition of eVestment. The Nasdaq is looking at raising through a public offering of $500,000,000 aggregate principal amount of U.S. dollar-denominated senior floating rate notes due 201. The offering will have an interest rate equal to […]
Forte Oil said it will be suspending its planned shares sale by way of accelerated bookbuild. The company said in a statement that: “Forte Oil has taken a strategic decision to put the Offering on hold pending the conclusion of an ongoing corporate restructuring with respect to maximizing the emerging […]
Willis Re, the reinsurance unit of Willis Towers Watson said Thomas Wafer has been appointed as Chairman for Willis Re, North America, effective October 2017. The appointment of Thomas Wafer is also followed with the appointment of with Jeffrey Livingston as Vice-Chair. These two appointments constitute the formation of the […]
Following recent report that the Sponsorship deal between Aiteo Group and the Nigeria Football Federation might be having a crack, the Oil company has come out to refute the claims. According to an earlier report, an unidentified official of the company who spoke to the media, Aiteo was unsatisfied with […]
Ikeja hotels plc is reporting NGN560.7 million profit for the financial year 2015 compared to NGN2.9 million recorded in the fiscal year 2014. The hotel ended the year with NGN9.8 billion revenue in contrast to NGN10.0 billion it ended the previous year while gross profit was higher at NGN3.3 billion […]
Ikeja Hotels plc in its financial report for the year ended December 2016 is reporting NGN1.1 billion profit compared to NGN560.9 million recorded in the financial year 2015. According to the balance sheet, the hotel ended the year with NGN10.8 billion revenue in contrast to NGN9.8 billion posted in the […]
Putprop Limited, a property investment company in South Africa said its Property rental revenue for the year 2017 increased to ZAR57.3 million compared to ZAR51.4 million recorded in the year 2016. The company’s net profit from property operations rose to ZAR53.8 million against ZAR48.1 million in the previous year, while […]
Ikeja Hotels plc in its financial report for the year ended December 2014 is reporting NGN2.9 million profit compared to NGN994.8 million recorded in the financial year 2013. According to the balance sheet, the hotel closed the year with NGN10.0 billion revenue in contrast to NGN11.6 billion posted in the […]
Hulisani has joined the bandwagon. Just as Sasfin Bank dropped KPMG due to the fallout of the company’s handling of audit projects for the Guptas. Hulisani said it will drop KPMG as its auditor, citing reputational risk, its chief executive said on Tuesday. “The risk committee looked at various factors, […]
