Company Report
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Seplat Energy organises media training on data, investigative Journalism, others
Seplat Energy Plc, has concluded the first phase of its training programme for journalists and media practitioners in Nigeria. The first phase of the programme covers 37 energy and judiciary correspondents cum editors. The Seplat Energy media training programme, which was organised in partnership with Channels Academy, is targeted at building reporting and editing capacity in the media whilst driving…
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SAHCO pledges better profitability for 2024 financial year
…as shareholders approve N406 million dividend The Chairman of Skyway Aviation Handling Company (SAHCO) Plc, Barrister Taiwo Afolabi, has assured its shareholders of enhanced profitability and dividend in the current financial year ending Dec. 31, 2024. Afolabi gave the assurance at the company’s 14th Annual General Meeting on Thursday in Lagos. He told the shareholders that the board and management…
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Ecobank’s “Adire Lagos” opens in grand style with over 100 exhibitors
The annual Ecobank “Adire Lagos” exhibition has taken off in grand style with over 100 exhibitors showcasing their wares. The 4-day fair which opened June 14 and ends 17th, is taking place at the Ecobank Pan African Centre (EPAC) in Lagos. Originating from Abeokuta in Southwestern Nigeria, Adire textile is an indigenous indigo-dyed cloth made by using different wax-resistant methods…
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Investing in Davido coin highly risky, says SEC
The Securities and Exchange Commission (SEC) has warned that investing in meme coins, including $Davido, is highly risky and should be done with a full understanding of the associated risk. According to the Commission in a Circular on Friday, “The attention of the Securities and Exchange Commission, Nigeria (SEC) has been drawn to a meme coin known as “$Davido” allegedly…
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Tolaram Group to acquire 58.02% shares in Guinness Nigeria as Diageo exits
In a landmark deal set to reshape Nigeria’s beverage market, Singapore-based Tolaram Group has agreed to acquire Diageo’s 58.02per cent shareholding in Guinness Nigeria Plc. Guinness made this announcement via a press release on the website of the Nigerian Exchange Limited (NGX). This announcement is the latest in a string of major multinational organizations exiting the country citing tough economic…
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MTN Nigeria begins 30 Days of Y’ello Care
… reiterates commitment to bridging the educational divide. Leading ICT company, MTN Nigeria has announced the 17th edition of its flagship employee volunteer initiative, Y’ello Care, where MTNers have the unique opportunity to contribute their resources – time, money and more – towards worthy causes. Themed “Learn Today, Lead Tomorrow”, this year’s edition, which will be for 30 days in…
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NETCO posts 137% increase in operating profit, targets 5% Increase in market share
The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has announced a 137 percent increase in operating profits for the year 2023. This was disclosed by the Chairman of the company’s Board of Directors and Executive Vice President, Downstream, NNPC Limited, Mr. Adedapo Segun, at the Company’s 34th Annual General Meeting…
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Outstanding bills: AEDC threatens to disconnect Nigeria Army, others
The Abuja Electricity Distribution Company (AEDC) has asked Nigeria Army, and all customers with outstanding bills to clear their debts or risk disconnection. Among the lists are: Nigeria Airforce, Defence HQ, Federal Capital Development Authority, Kogi State Government, Niger State Government, Nigeria Police Force HQ, Nigerian Army Barracks, Power House, SGF House I, Head of Service, Fed. Min of Education,…
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IBEDC sacks Kingsley Achife as MD, names replacement
The Board of Directors of the Ibadan Electricity Distribution Company has relieved Mr Kingsley Achife of his appointment as the company’s Managing Director. The board refused to renew Achife’s contract, naming Francis Agoha as the Acting Managing Director of the IBEDC effective from May 31. Achife’s sack was contained in an internal memo dated May 31, a copy of which…
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Hardship: Dangote Foundation distributes rice to Ogun host communities
The Aliko Dangote Foundation (ADF)’s N15 billion National Food Intervention programme has landed in Yewa land as the Foundation commenced distribution of 40,000 bags of rice in Ogun state. On Tuesday, the 17 host communities of the Dangote Cement, Ibese plant, along with Itori, Igbogila, and Ilaro, received their share. Beneficiaries in Ibese and Araromi were accredited and received one…
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