Company Report
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CESEL congratulates DBN for becoming GCF accredited entity
Community Energy Social Enterprise Limited (CESEL) has congratulated Development Bank of Nigeria (DBN) on its recent appointment as an accredited entity by the Green Climate Fund (GCF). The Chief Executive Officer, CESEL, Dr Patrick Tolani in a signed letter directed to Managing Director, DBN, Dr. Tony Okpanachi stated that the appointment is a significant milestone and it marks DBN as…
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Access Bank Distributors Forum: Experts chart course for retail success amid economic challenges
The 2024 edition of the Access Bank Distributors Forum in Lagos brought together stakeholders and business owners to gain valuable insights and practical advice for navigating the current economic landscape. Held on Wednesday with the theme “Retail Distribution Business in Africa: Exploring Cost-Effective Opportunities,” the event provided a platform for engaging with experts and established distributors in the retail industry.…
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NGX forces Secure Electronic Technology to release 2023FY
The Nigerian Exchange Limited (NGX) forced Secure Electronic Technology as the management has released 2023 result and accounts to investing public. The Exchange last week suspended eight companies for not submitting a full year ended December 31, 2023 result and accounts. The eight companies were: Guinea Insurance Plc, Lasaco Assurance Plc, Mutual Benefits Assurance Plc, NPF Microfinance Bank Plc, Regency…
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Dangote Cement Okpella commits to development, social support for Host communities
The management of Dangote Cement, Okpella has signed a development and social support agreement with its Okpella Edo state host communities in demonstration of its commitment to the development and overall well-being of host communities and their people, as a responsible corporate entity. L-R: High Chief Daniel O. Obalo; Engr. Mohammed Ismaeel, Dangote Cement Plc, Okpella Plant Director; Chief Moshood…
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Tier-1 banks report 2024: Access Holdings leads in PBSI ranking
In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from audited financial statements for the Financial Year 2023, underscores Access Holdings’ significant strides in the banking sector. Proshare’s latest report…
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Fidelity Bank to issue additional N78.35bn shares
Fidelity Bank Plc will issue an additional 8.2 billion shares, worth about N78.35 billion as the bank anticipates an oversubscription of its combined offering. In a corporate disclosure on the Nigerian Exchange Limited (NGX) website, the company issued a notice for an extraordinary general meeting to be held on July 26. As contained in the notice, one of the resolutions…
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Fidelity Bank’s offer receives huge acceptance from investors
Fidelity Bank Plc’s combined N127.1 billion rights and public offer have struck early success as enthusiastic shareholders mobilise to pick their pre-allotted shares and buy more stakes in Nigeria’s most widely owned commercial bank. Shareholders said they would pick their rights and buy more shares from the public offer in a massive show of support and positioning in the bank.…
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Conoil declares N9.9bn profit in 2023, proposes N2.43bn dividend
Conoil Plc has declared profit after tax of N9.87 billion in 2023 financial year, about 99per cent growth from N4.96 billion declared in 2022. According to the company’s audited financial statement for 2023, the company posted a revenue of N201.4 billion, marking a 53per cent growth from the N131.4 billion revenue posted in 2022. The company posted a gross profit…
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PZ Cussons Nigeria declares N96.44bn loss in Q4 2024
Leading fast-moving consumer goods company, PZ Cussons Nigeria has reported N96.44billion loss in fourth quarter (Q4 2024) ended May 31 2024 from N14.35 billion reported in fourth quarter (Q4 2023 ) ended May 31, 2023. The household company also reported loss before tax of N108.97 billion in Q4 2024 from N20.46billion profit before tax posted in Q4 2023. About of…
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