Cadbury Nig plc has released a circular to the Nigeria stock exchange and by extension to the general public that the company has commenced a closed period in order for the Board of Directors of the company to consider and approve the half year unaudited financial results. Read what the […]
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 […]
Lasaco Assurance plc said its profit for the second quarter of the year fell by 32% to NGN256.1 million from NGN376.9 million in the year before. Gross insurance premium matched its last’s year’s milestone at NGN1.4 billion gross insurance premium. The company’s reinsurance expenses was NGN813.2 million in contrast to […]
Transcorp hotels plc says its revenue for half the year 2017 dropped to NGN6.1 billion from NGN7.6 billion recorded same period in the financial year 2016. Its costs of sales for the period was NGN1.6 billion against NGN1.8 billion posted in the year before. The hotel recorded NGN 4.7 billion […]
Lafarge Africa, the second largest cement producing company in Africa reported that its net profit rose by 49% to NGN14.5 billion profit against NGN28.3 billion loss recorded in the year before. The rival to Dangote Cement company ended the second quarter with increased revenue to NGN73.5 billion compared to NGN54.9 […]
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 […]
Africa Prudential plc is reporting 229% rise in profit to NGN864.2 million for second quarter 2017 compared to NGN262.2 million reported same period in the financial year 2016. Net investment income rose to NGN1.0 billion net investment income in 2017 in contrast to NGN535.7 million recorded in the previous year. […]
Guinea insurance plc is reporting 138% increase in profit to NGN98.8 million in second quarter 2017 in contrast to NGN45.5 million reported same period in 2016. Gross income rose by 12% to NGN491.8 million compared to NGN439.6 million recorded while its reinsurance expenses decreased by 6% to NGN129.9 million against […]
Earlier in the year, a Lagos High Court sitting at Igbosere ruled that the Nigerian Bottling Company (NBC) Plc be ordered by the National Agency For Food and Drug Administration and Control (NAFDAC) to put a written warning on Fanta and Sprite bottles stating that both soft drinks are poisonous […]
Secure Electronics, a gaming and gambling services provider said in its second quarter net profit declined by 19% year on year to NGN28.2 million compared to NGN34.9 million reported same period in 2016. The company recorded NGN3.4 billion gross sales for the period under review compared to NGN3.7 billion posted […]