NASCON Allied Industries to merge with Dangote sugar refinery
The Board of Directors of NASCON Allied Industries Plc authorized a merger plan with Dangote Sugar Refinery Plc. and Dangote Rice Limited…
Business
Seplat Energy announces interim dividend payment to shareholders
The interim dividend for the half-year ending June 30, 2023, will be paid to shareholders of Seplat Energy Plc at the rate of US3…
UAC reports N3.5bn FX gain, 87.5% profit
UAC Plc published its 2023 half-year figures, showing pre-tax profits of N4 billion compared to a pre-tax loss of N966 million during the…
Nestle Nigeria reports N123.7 bn FX loss
Nestle Nigeria Plc has announced a pre-tax loss of N86.5 billion for the fiscal second quarter ended June 30, 2023. As a result…
MTN suffers N131bn FX loss, earnings drop by 64%
MTN Nigeria Plc’s 2023 second-quarter results have revealed that pre-tax profits decreased dramatically by 64% to N44.6 billion. As a result, its…
Dangote Cement’s profits drop by 14% YoY, suffers N103.8bn forex losses
Dangote Cement Plc released 2023 second-quarter results, with pre-tax profits down 14% to N93 billion. Pre-tax profits for the first half of…
Nigerian Exchange Group records 63% profit decline
Nigerian Exchange Group’s Q2 2023 results for the period ending June 2023, pre-tax earnings decreased by 63% YoY to N319 million in…
BUA records 26.52 profit rise in Q2 2023
BUA Cement’s Q2 2023 results for the time period ending June 2023 has shown that earnings before tax increased by 26.52% annually to…
BUA records 26.52 profit rise in Q2 2023
BUA Cement’s Q2 2023 results for the time period ending June 2023 has shown that earnings before tax increased by 26.52% annually to…
Seplat Energy reports N140.6bn gross profit
Seplat Energy Plc, the prominent Nigerian independent energy company, listed on both the Nigerian Exchange Limited and the London Stock Exchange, has…
MTN launches 5G in Uganda
Alex Omenye Foremost telecommunications, MTN has launched its 5G network in Uganda. The first 5G network in East Africa was launched on…
Nigeria Breweries suffers N70bn FX loss
Nigeria Breweries Plc recorded an exchange rate loss of N70.6 billion for the second quarter ended June 30th, 2023. This is according…