Company Report

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    Flour Mills of Nigeria launches 400g Golden Penny Pasta

    Flour Mills of Nigeria, on Thursday announced the launch of the Golden Penny 400g Pasta pack. FMN, who are the owners of the iconic brand ‘Golden Penny’ unveiled the 400g Pasta to afford customers an invaluable opportunity of varied tasty nutritious pasta options. The new product, launched into the market represents Flour Mills of Nigeria’s proactive response to consumer demand…

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  • FBN Holdings 2

    NGX, SEC, CBN sanction FBN Holdings N629.7m in 2021FY over 22 market infractions

    The capital market and money market regulating bodies, Securities and Exchange Commission (SEC) Nigerian Exchange Limited (NGX), and Central Bank of Nigeria (CBN) in 2021 financial year sanctioned FBN Holdings N629.7million for failing to comply with 22 market infractions. The banking subsidiaries of FBN Holdings, First Bank of Nigeria Limited was sanctioned nine times by SEC and CBN for N350…

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  • FBN Holdings 2

    FBN Holdings reports 68.4% increase in profit to N151.08bn

    …recommends 35 kobo dividend payout to shareholders FBN Holdings on Wednesday reported 68.4 per cent increase in profit, according to its audited result and accounts for the period ended December 31, 2021 submitted on the Nigerian Exchange Limited (NGX). The group in 2021 reported N151.08billion profit as against N89.73billion reported in 2020 financial year. From the profit and loss figures,…

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  • Ecobank Transnational Incorporated ETI

    Shareholders of Ecobank Transnational Incorporated approve resolutions

    Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, the leading pan-African bank with operations across 33 African countries, on Wednesday held its 34th Annual General Meeting (AGM) in Abidjan, Côte d’ Ivoire. Chairman Ecobank Group, Alain Nkontchou, in a statement said: “2021 was a transformational year for the Group and the Board is pleased to be rewarding shareholders…

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  • wema bank

    Wema Bank reiterates commitment to customer data confidentiality

    Wema Bank Plc has reiterated its commitment to customers data confidentiality. This follows accusation by some customers that the bank was conducting illegal banking practice. The bank’s customers said they discovered that the bank and its agents had allegedly been opening unauthorised accounts for customers with information or data in the bank’s possession. Wema Bank in its response on Wednesday…

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  • WhatsApp Image 2022 05 26 at 12.54.28 PM

    SABRE EMEA: Africa PR & Comms Report (APCR) Committee Commends BCW, BlackHouse Media, others

    The coordinating committee of the Africa PR & Comms Report (APCR) has commended the top five PR consultancies across Africa – BCW, BlackHouse Media Group (BHMG), Clockwork, Edelman and Razor for their recognition by one of the most respected communications awards in the world. These five companies from Nigeria and South Africa have been nominated in the 18th edition of…

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  • Airtel Africa

    Airtel Africa announces commencement of PSB  operations

    Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, on Thursday announced that its subsidiary SmartCash Payment Service Bank Limited (SmartCash PSB), has commenced operations in Nigeria. The company in a statement said the services will initially be available at selected retail touchpoints, and operations will be expanded gradually across…

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  • FBN Holdings 2

    FBN Holdings set to buy 100% stake in Access Pension

    A subsidiary of FBN Holdings Plc, First Bank of Nigeria Limited has entered into agreement with Access Bank for the planned acquisition by First Pension of 100 per cent share capital of Access Pension Fund Custodian Limited held by Access Bank. FBN Holdings in a statement signed by its acting Company Secretary, Mr. Adewale Arogundade posted on the Nigerian Exchange…

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  • FBNH WINS NIVA AWARDS 2022 scaled

    FBN Holdings wins best performing stock, best stakeholders’ communications at NIVA

    FBN Holdings Plc, has won two awards at the Year 2022 Nigerian Investor Value Awards (NIVA). The prestigious event, which was held last Saturday in Lagos was organised by BusinessDay, in collaboration with the Nigerian Exchange Limited. The first award was in the Best Performing Stock among bank holding companies category. A statement from the organisers noted that FBNHoldings within the…

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  • Awosika

    Access Bank emerges best performing stock on NGX

    …Awosika Best Chairman of the Year Access Bank plc has emerged the best performing stock in 2021 by the Nigeria Exchange Limited (NGX). The Bank earned this recognition at the 2022 Nigerian Investor Value Awards (NIVA) organised by BusinessDay in collaboration with the Nigeria Exchange Group. Also, Chairman, Board of Directors of the Bank, Dr Ajoritsedere Awosika emerged as the…

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