Company Report
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Zichis Agro Allied obtains shareholders’ approval to raise N50bn fresh capital
Zichis Agro Allied Industries Plc has obtained shareholders’ approval to raise N50 billion additional capital through debt finance or equity raising by public offers, rights issue or a combination of both. The shareholders during the company’s 3rd Annual General Meeting (AGM) in Ogun State, also approved the management’s decision to issue up to N5 billion debt finance by issuance of…
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NNPC announces successful River Niger crossing on OB3 gas project
The Nigerian National Petroleum Company (NNPC) Limited has announced the successful completion of the River Niger crossing on the Obiafu-Obrikom-Oben (OB3) Gas Pipeline. The project, executed by the NNPC Gas Infrastructure Company (NGIC), a subsidiary of NNPC Limited, is part of a 130-kilometre pipeline designed to transport up to 2 billion standard cubic feet of gas per day. According to…
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Zichis Agro-Allied Industries to hold 3rd AGM in Abeokuta
Integrated agribusiness company, Zichis Agro-Allied Industries Plc, has announced that its 3rd annual general meeting (AGM) will be held on Thursday, 30 April 2026. In a statement issued on Wednesday, the company disclosed that the AGM is scheduled to take place at the Conference Centre, No. 1 Golf Resort Drive, Presidential Boulevard, Abeokuta, Ogun State. According to the company, shareholders…
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Nigerian Breweries reports N55.95bn profit in Q1 2026
The Board of Directors of Nigerian Breweries Plc has announced a Profit After Tax of N55.95 billion for the three-month period ended March 31, 2026, representing a 25.6per cent increase over the N44.55 billion recorded in the corresponding period in 2025. The company also recorded eight per cent revenue growth, with revenue rising from N383.64 billion in Q1 2025 to…
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Champion Breweries lists N30bn bond on FMDQ Exchange
FMDQ Securities Exchange Limited has approved the listing of Champion Breweries PLC’s N30.00 billion Series 1, 5-Year, 19.50% Senior Unsecured Fixed Rate Bond under its N45.00 billion Bond Issuance Programme on its platform. This approval by the Exchange’s Board Listings and Markets Committee enables Champion Breweries to access capital efficiently while providing investors with the benefit of a transparent marketplace. …
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Bolt, inDrive, Uber drivers protest poor working conditions in Lagos, Ogun
Drivers operating on ride-hailing platforms such as Uber, Bolt, and inDrive have commenced a three-day strike across Lagos and Ogun states, protesting poor working conditions and low earnings. The industrial action, organised by the Amalgamated Union of App-Based Transporters of Nigeria, began on Monday, March 16, 2026, and is expected to end on Wednesday, March 18, 2026. The union’s public…
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AfrexInsure appoints Lesley Ndlovu as CEO
AfrexInsure, the specialty insurance subsidiary of African Export-Import Bank, has appointed Lesley Ndlovu as its new Chief Executive Officer. The appointment, announced in Cairo on Monday, sees Ndlovu take over from Jonas Mushosho as the company expands its specialty insurance services for trade and investment across Africa. AfrexInsure said the leadership change comes at a critical stage in its growth,…
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2025FY: Zichis Agro-Allied Industries to reward shareholders with robust dividend payout, bonus shares
The management of Zichis Agro-Allied Industries Plc has proposed a 20 kobo dividend and a one-for-one bonus issue for shareholders amid impressive 2025 financial year result and accounts. The reward to shareholders came days after the management of the Nigerian Exchange Limited (NGX) suspended trading of the company’s shares. The dividend and bonus reward is estimated at N120 million in…
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Lafarge Africa hits N1.1trn revenue milestone in 2025
Lafarge Africa Plc, a leading provider of innovative and sustainable building solutions and manufacturer of premium cement brands, has announced a revenue milestone of N1.1 trillion in 2025, representing a 53per cent surge from N696.8 billion recorded in the corresponding period of 2024. Following a review of the results, the company recorded an increase in Profit After Tax (PAT) which…
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We lost critical communication infrastructure in MMIA fire – NAMA MD
The fire outbreak which occurred on Monday at Terminal 1 of the Murtala Muhammed International Airport reportedly destroyed critical equipment belonging to the Nigerian Airspace Management Authority, leading to significant disruption of air traffic operations in Lagos. The Managing Director of NAMA, Umar Farouk, disclosed this on Wednesday after inspecting the damaged facilities. He said the blaze completely knocked out…
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