Caverton Offshore posts 73% profit decline amid COVID-19
Caverton Offshore Support Group Plc has reported a profit after tax of N1.18 billion for the financial year 2020, down
Read more
Latest
Shoprite inches closer to exit operations in Nigeria, brand may remain
Shoprite Holdings Limited, Africa’s biggest supermarket retailer, is pushing ahead with its plan to exit Nigeria operations after over 20
Read more
$1.5bn refinery revamp: NNPC, Italian firm sign EPC contract
The Nigerian National Petroleum Corporation and Maire Tecnimont S.p.A. have signed the engineering, procurement and construction contract for the rehabilitation of Port
Read more
AfDB extends €145m loan to Egypt for railway upgrades
The Board of Directors of the African Development Bank has approved a loan of €145 million to finance reliability and
Read more
Zenith, UBA, Access lose N141.35bn in market value — GTB, Stanbic, FBN gain
Three of Nigeria’s biggest banks posted stock losses in the first three months of this year as N141.35 billion was
Read more
GSK Nigeria’s profit falls 32.15% amid COVID-19 pandemic
GlaxoSmithKline Consumer Nigeria Plc has said its profit after tax dropped to N622.23 million in the financial year 2020 from
Read more
CWG profit surges 509% as revenue rises to N11.72bn
CWG Plc has said its profit after tax jumped to N443.15 million in the financial year 2020 from N72.74 million
Read more
Portland Paints posts N313.29m loss, poised to merge with CAP
Portland Paints and Products Nigeria Plc, a subsidiary of UAC of Nigeria Plc, has reported a loss after tax of
Read more
Meyer returns to profitability despite revenue decline
Meyer Plc, a paint manufacturing company, has reported a profit after tax of N1.12 billion for the financial year 2020,
Read more
IMF may provide debt service relief to 28 countries till April 2022
The Executive Board of the International Monetary Fund has approved a third tranche of grants for debt service relief for
Read more