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Nigeria’s PZ Cussons Fights Off Inflation To Post 277% Rise In Profits.
Leading conglomerate, PZ Cussons Nig Plc, released its Q4 2021/22 unaudited results for the period ended May 31,!-->…
DisCos’Payment To GenCos Drops By 50%, Consumers Kick.
Electricity distribution companies’ payment to generation companies for electricity generation has dropped by 50%;!-->…
Electric Automakers Make Last-Ditch Plea For More Tax Credits Before U.S. Election
Shifting political winds during the U.S. November mid-term elections could spell trouble for automakers' hopes of!-->…
FUGAZ Investors Gain N39 Billion Combined During The Week
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by 1.77% to!-->…
Linkage Assurance’s Gross Premium Rises By 34%
Linkage Assurance Plc has disclosed that its gross premium written rose by 34 per cent in the 2021 financial!-->…
Altcoins Gain 90% In The Last 7 Days.
Bullish price action is returning back to the cryptocurrency market alongside the U.S. stock market as the 16.54%!-->…
Customs, Firm Sign $3.2bn Digitisation Deal, FG Targets $176bn Revenue
The Nigeria Customs Service and a consortium, Trade Modernisation Project Limited, signed a concession agreement!-->…
Traders List Reasons Why Prices Of Rice, Onions, Cooking Gas Rise Every Week
The price of local rice, onions, cooking gas, pepper, and other staple food items has significantly increased. The!-->…
Domestic Foreign Transactions On Nigerian Exchange Hits N1.506trillion In 5 Months
The total value of domestic and foreign transactions on Nigerian Exchange Limited (NGX) for the first five months!-->…
Neveah Limited Issues N5.7 Billion Series 3, Series 4 Commercial Paper Programme
Neveah Limited has announced the quotation of its Series 3 and Series 4 Commercial Paper Issuances on the FMDQ!-->…
Prestige Assurance Sees N10.5bn Gross Premium In Q3’22- Nigeria.
Prestige Assurance Plc. has projected to achieve N10.500 billion gross premium written for the third quarter!-->…
AIICO Insurance Declares Dividend Of 2 Kobo Per Share For Year Ended December 2021
AIICO Insurance Plc has declared a dividend of 2 kobos per share amounting to N732 million. This is regarding and!-->…
Bitcoin On Its Way To $32,000 As On-Chain Data Suggests Net Accumulation
Cryptocurrency bulls took over the market on Monday, with Bitcoin leading the charge, fighting its way through the!-->…
AfDB secures $15.6bn for Lagos-Abidjan highway corridor
Dr. Akinwumi Adesina, President of the African Development Bank, announces that the bank has secured $15.6 billion!-->…
Amana Capital To Raise $2 Million Funding
Fund manager Amana capital is seeking to raise $2 million (Sh227.8 million) in the form of debt and/or equity. The…
Treasury Fights Billionaire Rai On Leasing Mumias
The Treasury has opposed West Kenya’s bid for lease of Mumias Sugar Company on concerns that its billionaire owner…
Champion Breweries Recorded 520% Increase In Post Tax Profit
Champion Breweries Plc has released its FY 2021 results which revealed 520% growth in post-tax profit, from N159…
Africa Prudential Announces Dividend Payment To Shareholders
Africa Prudential Plc has announced a dividend payment of N0.50 kobo per 50 kobo ordinary share for the financial…
Profitability Recovering, Vision Group Assures Investors
Vision Group has said the profitability of the company is gradually recovering from the impacts of the pandemic as…
Africa Oil Corp Runs Out Of Production Cash
Canadian oil explorer Africa Oil, which holds a 25 percent stake in Turkana exploration venture, has run out of…
Digital Payment Has Overtaken Use Of Cheques – CBK
Growth in usage of cheques has slowed down in the last decade, losing out to digital payments channels which are…
MTN Launches New Brand Identity With Simplified, Innovative Logo
The company announced its brand repositioning using a contemplative slogan — “What Are We Doing Today?” It also…
Uganda Is Enjoying Monthly Trade Surplus
The latest performance of the economy report released on Monday by the finance ministry indicates that Uganda has…
Kenya’s Eurobond Rose By 0.86 Per Cent
Yields on Kenya’s Eurobonds rose sharply last week as Russia’s invasion of Ukraine caused investors to flee to…
Ukraine: Russia Doubles Interest Rates As Rouble Falls
Following the 30 per cent fall of the rouble amid Western sanctions, the Bank of Russia said, on Monday, that…
New Name And New Owners For Kagiso Asset Management
Twenty-year-old Kagiso Asset Management is now Camissa Asset Management.
The company changed its name following…
Company Income Tax Dropped By N124.71Bn In 2021 Q4 -NBS
Company Income Tax (CIT) recorded a N124.71 billion decline from N472.52 billion in quarter three, 2021 to N347.81…
Treasury Targets Sh50 Billion From March Bond Sale
The National Treasury is seeking to raise Sh50 billion from three bond sales in March, comprising reopening of…
Kenya Set Date To Unveil Flying Taxis
Kenya Airways will pilot electric vehicles that take off and land vertically to beat traffic from 2025 as part of…
After Alphabet’s Stock Split, Amazon And Others Look Ripe To Split Shares
Alphabet GOOGL+4.00% recently announced it is splitting its stock. It probably won’t be the only company to do…