Flour Mills of Nigeria Plc has made a remarkable comeback, reporting a significant 67 per cent increase in revenue to N763.2bn for the first quarter ending June 30, 2024. . This impressive growth marks a substantial rise from the N456.4bn…
By Esther Agbo VFD Group Plc has demonstrated robust financial growth in the first half of 2024, with significant increases across key performance indicators. The Group’s profit after tax reached N3.11bn, reflecting a strong financial position amid a challenging economic…
Pan African Towers (PAT) Ltd, Nigeria’s leading provider of digital infrastructure has announced the appointment of Jyoti Desai and Vivek Gupta as Non-Executive Directors, with effect from May 21st, 2024. Jyoti Desai, a former Group Chief Operating Officer of MTN,…
Nigeria’s equities market opened the month of August negatively as it on Thursday recorded the highest daily decline following the ongoing nationwide protests. For the fourth consecutive day, the market decreased by 0.42 percent at the close of trading session.…
By Esther Agbo Lafarge Africa Plc has reported a notable 15.66 per cent increase in pre-tax profit for Q2 2024, reaching N37.9 billion. This growth has been underpinned by a significant surge in revenue, which rose by 49.06per cent year-over-year…
By Esther Agbo The Nigerian equities market continued its bearish run on Wednesday witj investors losing N32 billion at the close of the day’s trading. This loss was instigated by a decline in the share value of stocks like CUTIX,…
By Esther Agbo One of Nigeria’s oldest indigenous banks, Wema Bank Plc has recorded an impressive growth in its Q2 2024 financial performance. The bank recorded a remarkable pre-tax profit growth of 270.71 per cent, reaching N19.416 billion. This impressive…
FCMB Group has commenced its public offer of N110 billion at N7.30 kobo per share to meet the capital requirements placed on banks by the Central Bank of Nigeria (CBN). FCMB Group is issuing 15,197,282,219 ordinary shares of 50 kobo…
By Esther Agbo Nestle Nigeria Plc faced a challenging first half of 2024, recording a pre-tax loss of N252.5 billion, a stark increase from the N69.1 billion loss in H1 2023. Despite these financial difficulties, the company’s revenue surged by…
Seplat Energy PLC, a prominent Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has reported its unaudited results for the six months ending June 30, 2024, revealing robust financial performance amidst operational advancements.…
