Business Archives - Page 96 of 1044

SEC Warns Against Unauthorised AGM Of Tourist Company of Nigeria, Reaffirms Regulatory Oversight

July 28, 2025 0

The Securities and Exchange Commission (SEC) has disowned the purported Annual General Meeting (AGM) of The Tourist Company of Nigeria (TCN) Plc held on July 25, 2025, warning that any resolutions passed at the meeting are null and void.

FMDQ Group Achieves Record Financials, Pays Out First-Ever Cash Dividend

July 28, 2025 0

FMDQ Group PLC has reported a remarkable financial performance for the year 2024, despite global and domestic macroeconomic headwinds. The company's revenue grew by 49.93% to a record ₦51.41 billion, while profit before tax increased by 65.54% to ₦23.23 billion.

Guinness Nigeria’s Profit Rebound May Be Threatened By FX Instability

July 28, 2025 0

Guinness Nigeria Plc's profit rebound in 12M-25 may be short-lived if foreign exchange instability returns.

Okomu Oil Palm Plc’s Q2-25 Profit Surge May Be Short-Lived Amid Global Headwinds

July 28, 2025 0

Okomu Oil Palm Plc's impressive 404.4% year-on-year increase in Q2-25 earnings per share to NGN27.05 may face challenges in the second half of the year.

Tinubu Is A listening President, Policies Reviving Private Sector – Dangote

July 27, 2025 0

President/Chief Executive of Dangote Group, Aliko Dangote has hailed President Bola Ahmed Tinubu as a listening president whose policies are restoring private investors confidence in Nigeria’s economy.

Wale Edun Inaugurates New NDIC Management

July 27, 2025 0

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has inaugurated the new Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr Thompson Oludare Sunday and Executive Director (Operations), Dr Kabir Sabo Katata at the Ministry of Finance, Abuja.

Shareholders Approve ₦45 Billion Capital Injection As Champion Breweries Embarks On Bold Expansion Drive

July 26, 2025 0

In line with EnjoyCorp Limited’s strategic growth agenda following its 2024 majority acquisition of Champion Breweries Plc, shareholders of the company have approved an increase in authorised share capital to 5 billion shares and sanctioned a fresh capital raise of ₦45 billion by way of debt and bonds.

Aliko Dangote Retires From Dangote Cement Plc …Ikazoboh Steps In As Chairman

July 26, 2025 0

Foremost entrepreneur and founder of Dangote Cement Plc, Aliko Dangote has announced his retirement as a Director and the Chairman of the Board of Directors, effective July 25, 2025

Moody’s Upgrades Ecobank Ratings Outlook To Stable

July 25, 2025 0

Moody’s has affirmed Ecobank Transnational Incorporated’s (ETI) B3/Not Prime long- and short-term issuer ratings; B3 senior unsecured debt rating; b2 notional Baseline Credit Assessment (BCA); and b1 Adjusted BCA.

‎Guinness Nigeria Posts Strong Earnings Rebound In 12M-25

July 25, 2025 0

‎Guinness Nigeria Plc has reported a significant rebound in earnings, with a profit per share of NGN7.40 in 12M-25, compared to a loss per share of NGN25.00 in the prior year.