EY Nigeria has been appointed as Independent Auditors to Beta Glass Plc to replace the retiring Auditors, Messrs. PricewaterhouseCoopers with effect from July 6, 2017. EY Nigeria has been in existence for over 50 years and work with major corporations both public and private, distributed across various sectors of the […]
Union Bank of Nigeria has announced to its shareholders and in extension the general public that its ordinary shares of NGN4.10 is now open for subscription. The bank in an official statement to the Nigerian Stock Exchange disclosed that the acceptance list opens for the next one month. The statement reads: […]
China’s Gezhouba Group Co. Limited said it has won the contract to construct the Mambilla hydropower station, in Northern Nigeria. Gezhouba Group said in a statement released in Beijing that: “The project owner Nigerian Ministry of Electric Power, Engineering and Housing and Construction and the joint venture to Nigeria The […]
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 […]
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 […]
Dangote Foundation and GBCHealth have joined forces to forge a new model of partnership, African Business Coalition on Health (GBCHealth) in Africa. Chairman of Dangote Foundation, Aliko Dangote, shared plans to build an African Business Coalition on Health (ABCHealth), during the Bloomberg Global Business Forum, he was co-hosting, and which […]
The Board and Management of Fortis Microfinance Bank Plc said it has filed its outstanding audited financial report, given that delay was due to unapproval from the regulatory bodes concerned. The company confirmed in an email statement to the Nigerian stock exchange that the delay was due to the fact […]
International Breweries Plc has approved the change of the Company’s financial year end from 31 March to 31 December of every year. The first application would be for a nine month period ending 31 December, 2017. This notification is given in line with the prescribed rules of the Exchange and […]