Continental Reinsurance Plc said the group’s consolidated gross premium rose by 27 per cent from ₦15.19 billion in the second quarter of 2017 to ₦19.26 billion in the same corresponding period of 2018. According to a statement from the group, the good momentum in volume growth is a reflection of a supportive market environment. It […]
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Transcorp Hotels Plc has announced a profit before tax of ₦2.02 billion for the first half of the year, compared to ₦1.1 billion in the same period of 2017. The firm’s unaudited financial statements for the period ended June 30, 2018 showed a turnover of N8.01bn and earning per share of 17.84 kobo. Transcorp Hotels’ […]
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Nigeria Bottling Company, NBC, bottlers of Coca Cola has said it will continue to invest in glass bottles as content container for its brands as it is more environmentally friendly, and helps the consumer to have a healthier drink. The Legal, Public Affairs and Communications Director, NBC, Sade Morgan, who spoke among other things at […]
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Shareholders have applauded the management of Oando for restoring market confidence in the company by maintaining a track record of growth over the last 18 months culminating in the achievement of ₦8.5 billion profitability in first half of 2018 (H1’18), the company’s 7th quarter consecutive profit. The shareholders spoke at the 41st Annual General Meeting, […]
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Five months after 41,735 secondary school students sat for the qualifying examination, the second stage of the competition is about to commence. One hundred and eight students who scaled the first hurdle of the 2018 Cowbellpedia Mathematics TV Quiz Show will engage in the game of speed and accuracy for the ultimate prize in the […]
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Lafarge Africa Plc, the continent’s second-biggest cement producer, plans to raise as much as ₦90 billion ($249 million) through a share sale in Nigeria that will be used to lower its debt levels. The company’s Chief Financial Officer, Bruno Bayet, was quoted by Bloomberg as saying that the sale would take place by the fourth […]
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Uber has announced that it is commemorating its fourth year of operations in Lagos with the unveiling of a new advert campaign tagged ‘Moments that matter’, which highlights creative collateral across different mediums such as television, cinema, radio and digital. It also on Thursday gave a new car gift to one of its driver-partners, courtesy […]
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Indications have emerged that the Nigerian Communications Commission is in the final stages of reviewing the deal that will see investment firm, Teleology Holdings, take over 9mobile. Teleology was picked as the preferred bidder for 9mobile in February, following a bid process arranged by Barclays Africa after a debt default forced the telecom firm’s lenders […]
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Shoprite Nigeria recently opened its 25th store in Novare Central, the newly launched shopping mall in Wuse, Abuja. Shoprite Wuse promises to be a destination of choice for shoppers in Abuja. In addition to offering consumers the lowest prices on everyday grocery items, the new store also has an extensive range of quality products and […]
Read More Oando Plc has posted profit after tax of ₦8.5 billion in the first half of 2018, H1’18, driven by increase in price of crude oil and gas commodities. An analysis of the company’s financials shows that the company’s turnover grew by 11 per cent to N297.3 billion from ₦267 billion in H1’17; gross profit increased […]
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Petroleum marketing companies in the country have said the lack of deregulation in the downstream sector of the nation’s oil and gas sector is taking a toll on their business and hampering investment. They said that full deregulation of the sector would help to stabilise the fuel market and boost local refining. The Chairman, Conoil […]
Read More Oando Plc, in conjunction with the Nigerian National Petroleum Corporation and the Nigeria Agip Oil Company, has announced the inauguration of road projects with drainage system in its host communities in Imo, Rivers and Bayelsa states. The company said in a statement that three road projects were completed in Imo, namely Flora Nwakuche Road, Echina […]
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