Companies

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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The logo of Oando oil company is pictured in Abuja, Nigeria October 18, 2017. REUTERS/Afolabi Sotunde

Oando champions knowledge transfer with Kenyan university

Oando PLC, Nigeria’s leading indigenous oil and gas company, held a two-day knowledge transfer session with Master’s of Oil and Gas Law (LL.M) students from the Strathmore University Law School, Nairobi, Kenya at its head office in Victoria Island, Lagos. Today’s reality is that the African oil and gas sector is still playing catch up […]

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Transcorp Hotels Plc

Transcorp post profit after tax of ₦20.6 bln

Lagos, Nigeria – February 15, 2019 – Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate, has announced its audited results for the year ended 31st December 2018, with a 94% growth in Profit After Tax (PAT) of ₦20.6 billion in 2018 compared to ₦10.6 billion in the prior year. The Group recorded […]

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Peakmilk Cover

Peak Milk donates to Nigeria Para-powerlifting Federation

Peak Milk from the stables of FrieslandCampina WAMCO has donated a 27-seater bus to the Nigeria para-powerlifting federation. The company’s Managing Director, Ben Langat who led other top management staff of the company said the company’s support to Nigeria Para-powerlifting Federation clearly explains FrieslandCampina WAMCO’s purpose as a company and its belief that every Nigerian […]

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Nigeria Deposit Insurance Corporation (NEWSTAGE/31/5/17)

Financial Inclusion: NDIC board pledges sound policies

Members of the newly inaugurated Board of the Nigeria Deposit Insurance Corporation (NDIC) have stated their commitment to the formulation of sound policies to enhance the safety and stability of the nation’s financial system as a way of justifying the confidence reposed in them through their appointment. The Chairman, Mrs Ronke Shokefun, stated this at […]

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(FILES) An Exxon sign is seen at a station in this September 20, 2008 file photo in Manassas, Virginia. US oil giant ExxonMobil on July 31, 2014 reported higher second-quarter profits despite pumping less oil and gas than it did a year ago. Exxon, the biggest US oil company and the second-largest US company in terms of market capitalization after Apple, said earnings came in at $8.8 billion, up 28 percent from the year-ago level. "ExxonMobil's financial results were achieved through strong operational performance and portfolio management," said chief executive Rex Tillerson. "We continue to enhance shareholder value by funding capital projects and delivering robust shareholder returns through dividends and share purchases." Results translated into earnings per share of $2.05, 19 cents above analyst forecasts.AFP PHOTO/Karen BLEIER/FILESKAREN BLEIER/AFP/Getty Images ** OUTS - ELSENT, FPG - OUTS * NM, PH, VA if sourced by CT, LA or MoD **

Anti-labour Practices: ExxonMobil may be eliminating Nigerian employees from company

There are allegations that ExxonMobil may have resorted to anti-labour practices aimed at drastically excluding Nigerians from core activities in the company. Sources alleged that the intention was to make the company a complete foreign firm in spite of its joint partnership agreement. In fact, there are allegations that the company has resorted to activities […]

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Sahara Power Group

Sahara Power Group Inducts 39 Engineers

Thirty nine young engineers are set for induction into what promises to be an excellent career development programme under the guidance of the National Power Training Institute of Nigeria (NAPTIN) and Sahara Power Group, the largest privately-owned power business in Sub-Saharan Africa. The induction marks the commencement of the 2019 Sahara Power Group Graduate Engineering […]

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Mastercard pushes for rise in cashless payments despite...

Mastercard introduces sonic brand identity

Setting a new tempo for brand expression, Mastercard has introduced its sonic brand identity, a comprehensive sound architecture that signifies the latest advancement for the brand. A statement from the global company explained that wherever consumers engage with Mastercard across the globe – be it physical, digital or voice environments – the distinct and memorable […]

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Chief Executive of Dangote Industries Limited Aliko Dangote speaks at the Bloomberg Global Business Forum in New York

Dangote to resume Tomato processing within the next 2-weeks

The Dangote Tomato Processing Company, Kadawa, Kano State, which suspended operation more than a year ago, is to resume operation within the next two weeks. The Managing Director of the company, Alhaji Abdulkarim Kaita, gave the assurance in an interview with newsmen in Kano on Saturday. “We hope to resume processing of fresh tomato in […]

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French firm Lafarge charged with complicity in Syria...

Lafarge Africa rewards trade partners, pledges support

In a bid to celebrate high performers and support the business growth of its trade partners, one of the leading cement manufacturers, Lafarge Africa, has rewarded its trade partners for excellent performance in the year 2018. The customer appreciation awards which held in three cities namely Gombe, Ibadan, and Enugu, celebrated customers who distributed Lafarge […]

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Nigerian National Petroleum Corporation, NNPC headquarters are seen in Abuja

NNPC’s gas supply to power plant hit 735 mmscfd

…Records Monthly Trading Surplus of ₦2.06 billion A total of 735 Million Standard Cubic Feet of gas per day (mmscfd) was delivered to gas fired-power plants in November 2018 compared with October 2018 where an average of 627mmscfd was supplied, a release by the Nigerian National Petroleum Corporation Group General Manager, Group Public Affairs Division, […]

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Eat ‘n’go among ‘Companies to Inspire Africa’ 2019

Eat ‘N’ Go Limited, Nigeria’s master franchisee for one of the leading global Pizza companies – Domino’s Pizza and its two other brands, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt, have been recognised by the London Stock Exchange Group, as one of the companies to inspire Africa in 2019. This was announced recently, in […]

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