Guaranty Trust Holding Company Plc (GTCO) has announced that shareholders will receive a final dividend of N7.03 per share on April 24, 2025, subject to approval. This disclosure was made …
NIGERIAN EXCHANGE
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First City Monument Bank (FCMB) has reported a Profit Before Tax (PBT) of N111.9 billion for the financial year ending December 31, 2024. This was disclosed in a corporate statement …
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BusinessEconomyFinance & ServicesManufacturingMarkets
International Breweries’ loss extends to seventh year
International Breweries has recorded another year of losses, marking its seventh consecutive year in the red. The company’s audited financial report, filed on the Nigerian Exchange Limited on Thursday, showed …
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BusinessFinance & ServicesInsuranceNigeriaWestern Africa
IEI, Mutual Benefits Delay Filing of 2024 Annual Reports
International Energy Insurance Plc (IEI) and Mutual Benefits Assurance Plc have announced delays in filing their audited financial statements for the 2024 financial year. The companies disclosed this in separate …
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BusinessManufacturingManufacturing & Consumer GoodsNigeria
Nigerian Breweries Secures Full Acquisition of Distell Wines and Spirits
In a bold move to consolidate its dominance in the alcoholic beverages sector, Nigerian Breweries Plc has successfully completed the full acquisition of Distell Wines and Spirits Nigeria Limited, expanding …
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AfricaAFRICA NEWSBusinessEnergyNewsNigeriaWestern Africa
Geregu Power to list 2.5bn shares on Nigerian Exchange
Geregu Power, an electricity generation company has announced that it will be listing 2.5 billion ordinary shares of 50 kobo each at a share price of N100 per share on the Nigerian Exchange. Geregu …
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AfricaAFRICA NEWSBusinessEnergyNewsNigeriaOil & GasWestern Africa
Caverton posts 74% drop in net profit in H1
Caverton Offshore Support Group Plc has posted a 73.97 percent drop in its net profit in the first six months of the year, 2022. The provider of marine, aviation and …
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AfricaBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Ecobank declares $261m pre-tax profit in H1
Ecobank Transnational Incorporated (ETI) has posted a profit before tax of $261 million for the first half of the year ended June 30, 2022. This was contained in the group’s …
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Dangote Cement Plc has listed three tranches of bonds worth N116 billion on the Nigerian Exchange (NGX), paving the way for the bondholders to trade on them. The bonds were …