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JenneteUgo Anya
- October 28, 2024
Nigerian Breweries Achieves 74.9% Revenue Growth In Q3 2024
Nigerian Breweries Plc has reported an impressive 74.9 percent year-on-year revenue growth for the third quarter ended September 30, 2024. The recent unaudited results, released to the Nigerian Exchange Group (NGX), reveal that the company’s revenue surged to N703 billion, a significant increase from N402 billion recorded in the same period in 2023. This growth […]
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- October 23, 2024
Africa Capital Alliance Sells Off ₦19.8bn Aradel Holdings Shares
Africa Capital Alliance (ACA) has offloaded ₦19.8 billion worth of shares in Aradel Holdings, reducing its stake in the company from 16.49 percent to 15.92 percent. The private equity fund’s CAPE IV, which holds the largest shareholding in Aradel, executed the sale over three days – October 14, 15, and 16 – disposing of approximately […]
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- October 23, 2024
FG Endorses ExxonMobil-Seplat Divestment, Disapproves Shell-Renaissance Deal
The federal government has approved the divestment of ExxonMobil’s Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy, while rejecting Shell’s proposed sale of assets to Renaissance Africa Energy. These decisions were revealed during the recent launch of the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) ‘Project 1 million barrels of oil per day (MMBPD)’ initiative. Mr. […]
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- October 22, 2024
UBA’s Net Interest Income Soars 149%, PBT Rises To N603bn In Q3 2024
United Bank for Africa (UBA) Plc, recognized as Africa’s Global Bank, has reported a surged in net interest income by 149 percent, climbing from N443 billion in third quarter (Q3) 2023 to N1.103 trillion in Q3 2024. This was according to the bank’s recent unaudited financial results for the third quarter ending September 30, 2024, […]
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- October 22, 2024
United Capital Reports 88.7% Increase In Net Profit
United Capital Plc, a prominent financial and investment services company, has reported a remarkable 88.7 percent increase in net profit for the nine months ending September 2024, according to its recent earnings report. This impressive performance highlights the company’s resilience in a challenging business environment characterized by rising inflation, volatile currency exchange rates, and a […]
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- October 22, 2024
FBN Holdings Appoints Adebowale Oyedeji As GMD, Seeks Name Change To First Holdco
FBN Holdings Plc has announced the appointment of Mr. Adebowale Oyedeji as its Group Managing Director (GMD), effective November 13, 2024. The announcement was made in a corporate disclosure notice filed with the Nigerian Exchange Group recently by the company’s Secretary, Mr. Adewale Arogundade. This appointment comes as part of a strategic transition for the […]
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- October 21, 2024
TAJBank Declares 10% Dividend After 960% Growth In Funds
TAJBank Limited, Nigeria’s leading and fastest-growing non-interest bank, has declared a 10 percent dividend cash out for the half-year ending June 2024. This was recently announced after receiving approval from the Central Bank of Nigeria (CBN), marking its second dividend payout in just four years of operation. As Nigeria’s most innovative non-interest lender, TAJBank continues […]
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- October 21, 2024
FG Secures $119m Investment For Tech Hubs, MSMEs
The federal government has secured approximately $119 million in investments aimed at developing tech hubs and supporting micro, small, and medium enterprises (MSMEs). This major development was recently disclosed by Mr. Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications. This investment is the outcome of Vice President Kashim Shettima’s recent engagement […]
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- October 21, 2024
Zenith Bank Assigns Abiodun Durosinmi As New CFO
Zenith Bank Plc, one of Nigeria’s largest and most reputable financial institutions, has officially appointed Mr. Abiodun Durosinmi as its new Chief Financial Officer (CFO), effective since October 14, 2024. This appointment comes after the recent approval from the Central Bank of Nigeria (CBN), further strengthening the bank’s leadership team. Mr. Durosinmi succeeds Mr. Mukhtar […]
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- October 18, 2024
Three Entrepreneurs Win ₦10m In SMEDAN Pitch Competition
Three entrepreneurs have emerged victorious in the SMEDAN Pitch Competition, sharing a prize pool of ₦10 million. During the recent MSME Conference 2024, a major platform for innovation and entrepreneurship in Nigeria, over 3,000 applicants showcased ideas aimed at addressing challenges faced by micro, small and medium-sized enterprises (MSMEs) in the country. The competition, more […]
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