Conoil raises dividend by 40% as annual profit doubles
Conoil Plc has proposed a 40 percent increase in dividend as its pretax profit doubled to N12.28 billion in 2023
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Stocks
Caverton Helicopters picks ex-NPA boss as chair
Caverton Helicopters Limited, a subsidiary of Caverton Offshore Support Group Plc, has appointed Bello Gwandu as the chairman of its
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Norrenberger Advisory Partners moves to buy out IEI’s minority shareholders
Norrenberger Advisory Partners Limited (NAPL) is on course to buy out minority shareholders of International Energy Insurance Plc (IEI). The
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Oando resumes trading on Johannesburg bourse after two-month ban
Oando Plc, a Nigerian energy group, announced on Wednesday that it had received confirmation from the Johannesburg Stock Exchange (JSE)
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Flour Mills of Nigeria swings to pretax loss, cuts dividend
Flour Mills of Nigeria, a food and agro-allied company, reported a loss before tax of N236.68 million for the year
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Investment firm VFD sees quarterly earnings jump to N3bn
VFD Group, a Lagos-based proprietary investment company, reported a surge in its profit before tax to N3.04 billion in the
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Nestle Nigeria blames naira devaluation for negative net assets
Nestle Nigeria, a major food and beverage company, said its liabilities surpassed assets at the end of last year because
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Foreigners dump Nigerian stocks at fastest pace in six years
Foreign investors offloaded Nigerian stocks at the fastest pace in six years last month, after a buying spree in March
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Construction firm Arbico exits Nigerian stock exchange 45 years after
Arbico Plc, a building and civil engineering construction company, has removed its shares from the Nigerian Exchange Limited (NGX) 45
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Hot money inflows in Nigeria near six-year high
Foreign portfolio investment, also known as hot money, rose last month to the highest in nearly six years as the
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