Companies

Oil workers walk through pipe installations on a tanker at Bonga off-shore oil field outside Lagos, file.

NNPC recorded 257 pipeline breaches, post ₦12.13 bln trading surplus

The Nigerian National Petroleum Corporation (NNPC) yesterday released its December 2018 financial and operating report, posting a trading surplus of ₦12.13 billion, a development it said sprang from the success recorded by its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). The national oil company also said it recorded an upsurge in pipeline vandalism which […]

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Maikanti Baru

Baru orders DSDP partners to patronise NNPC Shipping Coy

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has advised all its partners involved in the Direct Sale Direct Purchase (DSDP) scheme to patronise the NNPC shipping subsidiary (NIDAS), as a way of sustaining the profitability of the national oil outfit. Baru passed the advice to two of NNPC’s […]

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Nestlé: more women in the workplace make business sense

In the Central and West Africa Region (CWAR), Nestlé aims to bring the Gender Balance Acceleration Plan to life through its multi-pronged initiatives ACCRA, Ghana, March 8, 2019/ — Nestlé (www.Nestle.com) has launched an ambitious Gender Balance Acceleration Plan ‘From Aspiration to Action’ (https://bit.ly/2UmlZ57) as part of its activities to highlight International Women’s Day 2019. […]

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Accounting watchdog probes KPMG over Conviviality audit...

Winners emerge in KPMG scholarship awards

Twelve tertiary institution indigent undergraduates have emerged winners of the 2018 KPMG scholarship awards held in Lagos recently. The students, Omoyibo Innocent, Emughedi Goodness, Taiwo Raymond, Adewoyin Sodiq, Okechukwu Providence, Augustine Adikwu, Adams Paul, Adeyemo Richard, Akinseinde Hammed, Tofio Faith, and Nwachukwu Samuel, emerged out of a total of 264 others, to win over N8,590,006 […]

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United Capital

United Capital appointed issuing house for ₦8.5 bln NSP Green Bond

The United Capital Plc has been appointed lead issuing house and financial adviser of the first ₦8.5 billion Corporate Green Infrastructure Bond offer by the North South Power Company (NSP). The Securities and Exchange Commission (SEC) has approved the 15-year tenor bond, which represented the longest tenured bond issued by a corporate in the country. […]

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Nigeria Bottling Company (NBC)

NBC announces appointment of Ekuma Eze, New Communications Director

The Nigerian Bottling Company (NBC) Limited, a member of Coca-Cola Hellenic Bottling Company, has formally announced the appointment of Ekuma Eze as the Public Affairs and Communications Director effective from this month. In a statement issued by the company and signed by the Managing Director, George Polymenakos, Eze is expected to bring his robust wealth […]

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Coca Cola

Coca-Cola Nigeria sales volume continued decline

Coca-Cola HBC the parent company of The Coca-Cola Company in Nigeria said its sales volume in Nigeria has continued to nose-dive in a highly competitive environment. The global Coca-Cola company made this disclosure in its 2018 full year result released penultimate week, but stated that its Group volume increased by 4.2 percent in emerging markets, […]

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FILE PHOTO: The logo of Samsung Electronics is seen at its store in Seoul

Samsung celebrates 10-years of innovation with Galaxy S10

Samsung has celebrated a decade since the launch of the first Galaxy S. This is just as the global company introduced a new line of premium smartphones: Galaxy S10. With three unique devices, the Galaxy S10 line is engineered to meet the distinct needs of today’s smartphone market, so consumers can do more of what […]

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coca-cola

Coca-Cola Nigeria launches Limca Cola

The Coca-Cola company, a total beverage company, offering over 500 brands in more than 200 countries has announced the launch of Limca Cola, a new variant introduced to expand the footprint of the Limca range. Limca Cola is a good quality sparkling soft drink with a unique cola taste to deliver refreshment to consumers on-the-go. […]

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‘beer Wars’: Big Brewers Target Nigerian Drinkers

NB’s 41 pct profit drop due to increased excise duty

Nigerian Breweries Plc says the 41 per cent decline in its profit after tax for the financial year ended December 31, 2018 is due to increased excise duty rates. The Company Secretary/Legal Director, Nigerian Breweries, Mr Uaboi Agbebaku, said in a statement that the increase in excise duty during the year under review affected its […]

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Bj's Wholesale Values Itself At Up To $2.2 Bln

Huggies to shut Lagos unit in Q2’19

American multinational personal care company and manufacturer of Huggies and Kotex brands of diapers, Kimberly-Clark, has said that it will close its factory in Lagos in the second quarter of 2019 and build a new factory in its place. In a statement on Wednesday, the firm indicated that strong growth in the demand for its […]

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Accounting watchdog probes KPMG over Conviviality audit...

KPMG to improve accountability via auditing

KPMG Nigeria, one of the leading professional services companies in Nigeria, has promised to help improve accountability and governance in organisations in the country through its focus on six key areas in auditing. The firm made the pledge at its 2019 Audit Committee seminar held in Lagos recently. Addressing stakeholders, KPMG Partner, Internal Audit Risk […]

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