Company Report
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Access Bank completes acquisition of Standard Chartered Bank in Angola, Sierra Leone
Access Bank Plc has announced to investing public the complete acquisition of Standard Chartered Bank Angola S.A ad Standard Chartered Bank (Sierra Leone] Limited. The Company Secretary, Access Holdings Plc, Mr. Sunday Ekwochi in statement on Wednesday said, “Further to our July 14, 2023 announcement regarding the above subject, Access Holdings Plc announced that its flagship subsidiary, Access Bank Plc…
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AP strengthens partnership with lubricant distributors for strong performance
Ardova Plc, a leading indigenous integrated energy company in Nigeria, has set a new benchmark in the lubricants market with the unveiling of its state-of-the-art lubricant oil blending plant (LOBP). With a production capacity of 150 million litres per annum and a storage capacity of 14 million litres, the new facility is designed to meet the evolving demands of the…
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MTN Foundation celebrates 20 years of impact in Nigeria, unveils new logo, vision
The MTN Foundation marked its 20th anniversary with a stakeholder conference in Abuja, showcasing two decades of substantial contributions to communities across Nigeria. The event provided a platform to reflect on the Foundation’s achievements, unveil a new logo, vision, and mission statement, and launch its Y’ello Impact Report, underscoring its commitment to sustainable development. The conference gathered prominent figures from…
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Oando wins ‘Deal of the Year’ award at Africa Energy Week 2024
Africa’s leading energy solutions provider listed on the Nigerian Stock Exchange (NGX) and Johannesburg Stock Exchange (JSE) is pleased to announce that the Company has emerged winner of the ‘Deal of the Year’ award at Africa Energy Week (AEW) 2024. The Africa Energy Chamber (AEC), the organisers of the annual week-long oil and gas conference, hosted and recognised different stakeholders…
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MTN Nigeria to issue N50bn CP to boost capital requirements
MTN Nigeria Communications Plc has announced its intention to raise up to N50 billion through commercial paper (CP) issuance. CPs are short-term debt securities typically issued by creditworthy corporations looking to raise funds from the public to meet working capital requirements as a viable alternative to bank credit. This means that companies borrow money from the public by issuing short-term…
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Oando reports 44% decline in profit to N62.6bn
Oando Plc announced its unaudited results for the half year (H1) period ended June 30, 2024 with about N62.6billion, a decline of 44per cent from N112.4 billion reported in H1 2023. The leading indigenous energy group listed on both Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange (JSE), announced N2.03trillion revenue in H1 2024, representing 51 per cent increase from…
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FBN Holdings secures top spot as best workplace in Nigeria
…FirstBank wins Legendary Award FBN Holdings Plc has clinched the prestigious title of the Year 2024 Overall Best Workplace in Nigeria in the small corporate category awards hosted by Great Place to Work (GPTW) last Friday in Lago. This year’s unprecedented recognition and acknowledgment clearly accentuates the deliberate strategy of the board and management of the company in creating…
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Wema Bank reports N60.6bn profit before tax in nine months 2024
Wema Bank Plc has announced its unaudited financial statements for the nine months ended September 30th 2024 with about N60.6 billion profit before tax, representing an increase of 174per cent over the N22.1 billion recorded in the corresponding period in 2023. The significant increase in profits were driven by N288.32 billion gross earnings in nine months 2024, up by 91…
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Guinness reports 111% revenue growth amid economic headwinds
Guinness Nigeria Plc, has announced its unaudited financial results for the quarter ended September 30, 2024. According to the report announcing the strategic turnarounds in the organisation, the company delivered a remarkable 111per cent year-on-year revenue growth, driven by innovative product offerings, enhanced consumer engagement, and effective expansion of its retail footprint. The report stated that revenue increased from N59.5…
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Dangote Cement declares N406.4bn PBT in nine months
Dangote Cement Plc on Friday declared N406.4 billion profit before tax in nine months ended September 2024, about 0.4per cent increase from N404.89 billion reported in nine months of ended September 2023. The unaudited result and accounts on Nigerian Exchange Limited (NGX) revealed that the cement maker N279.1 billion profit, representing an increase of 0.6 per cent from N277.55billion…
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