Airtel Africa has demonstrated resilience in the face of a challenging macroeconomic environment, leveraging strong fundamentals and focused execution to sustain its operational performance. The company’s recent trading update highlights several key achievements amidst economic headwinds. Airtel Africa reported a…
By Esther Agbo UPDC Plc has reported a reduced loss of N115.9 million for the first half of 2024, marking an 11.59 percent improvement from the N131.1 million loss recorded in the same period in 2023. This update was revealed…
Transcorp Hotels posted a profit before tax of N10.5 billion in the first half of 2024, marking a 188 percent year-on-year improvement from the N3.6 billion posted in the corresponding period in 2023. This was disclosed in the group’s unaudited…
By Esther Agbo Despite a 61 percent surge in Profit After Tax (PAT), Unilever Nigeria PLC has announced a 27 percent increase in its total liabilities for the first half of 2024. Total liabilities increased by 27 percent to N53.29…
The Federal Government has called on experts from legal profession, financial and other stakeholders to work collectively to strengthen capital market regulations and the Investments and Securities Tribunal for greater effectiveness. The Minister of Finance and Coordinating Minister of the…
By Esther Agbo eTranzact has announced the fintech company’s strategic focus on offering comprehensive switching services, a merchant marketplace play, and direct-to-consumer solutions to drive future growth. This announcement was made by the CEO, Mr. Olaniyi Toluwalope, during the “Facts…
Nigeria’s equities market on Tuesday failed to sustain its positive start to this week as stock investors continued to price in the outcome of the Monetary Policy Committee (MPC) meeting where the Central Bank of Nigeria (CBN) further ramped up…
By Esther Agbo SKLD Integrated Services Limited has launched its Series 10 and 11 commercial paper issuances to raise N590 million, facilitated by Afrinvest Capital Limited. The issuance, which remains open until July 24, 2024, aims to secure short-term debt…
Nigeria’s equities market opened the new week in green, though it was on a slightly upward trajectory (+0.03 percent or N16 billion). “We expect a mixed market close, driven by anticipated cautious trading in banking stocks amid increased regulatory scrutiny…
The Nigerian Exchange (NGX) has delisted three companies-Niger Insurance Plc, Resort Savings and Loans Plc and RAK Unity Petroleum, for failure to meet the required standards expected of publicly quoted companies. In a circular over the weekend, NGX stated that…
