Seplat Energy Plc, Nigerian energy company listed on both the Nigerian Exchange and the London Stock Exchange has announced that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that consent has been granted by the Honourable Minister of Petroleum Resources in Nigeria, President Bola Ahmed Tinubu, to proceed with […]
Category: Industry
Industry
Champion Breweries Rolls Out Growth Plans, Considers Fresh Capital Via Public Offer
Champion Breweries Plc has rolled out its strategic future growth plans aimed at ensuring consistent dividend payment to shareholders. The company, at its “Facts Behind the Figures Presentation” at the Nigerian Exchange Ltd.,(NGX) in Lagos, assured shareholders and the entire capital market community of enhanced dividends in spite of […]
GM To Reassure Investors On EV Demand, Project Profit Growth By 2025
General Motors (GM) will reassure investors during its upcoming investor day that concerns over slowing demand for electric vehicles (EVs) are overstated, and the U.S. automaker remains optimistic about the potential for improved profitability by 2025, according to sources familiar with the company’s plans. This message marks a notable […]
FMN To Buy Out Minority Shareholders After Regulatory Approval
Flour Mills of Nigeria Plc (FMN), one of Nigeria’s largest food and agro-allied companies, has announced plans to acquire all shares held by its minority shareholders following the receipt of necessary regulatory approvals. In a statement issued to the Nigerian Exchange Limited (NGX), the company disclosed that its majority […]
NB Explains Reasons For N599bn Rights Issue
The Nigerian Breweries Plc has explained the reasons for its ongoing rights issue of N599 billion in the nation’s bourse. Mr Hans Essaadi, the Managing Director/Chief Executive Officer of Nigerian Breweries, said this at the company’s ‘Facts behind the offer’ at the Nigerian Exchange Limited in Lagos. Essaadi […]
Nigerian Breweries undertakes N599.1bn Rights Issue After Regulators’ Approval
Following the approval received from its shareholders in April 2024, Nigerian Breweries has said it now obtained clearance for the relevant documents from the Securities and Exchange Commission and NGX Regulation Limited. The Company intends to raise N599.1bn through a Rights Issue. A total of 22.61bn Ordinary Shares […]
Nestle Nigeria repackages Golden Morn
Nestle Nigeria Plc, producers of Golden Morn and other beverages, has unveiled a new eco-friendly Golden Morn to enhanced economic growth and development. The Managing Director of Nestle, Wassim Elhusseini, said this at the “Rebirth of the King of Breakfast” event in Lagos. Elhusseini was represented at the […]
OPEC Says Dangote Refinery’s Diesel, Jet Fuel Supplies To Disrupt Europe’s Oil & Gas Industry
The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC in its newly released monthly Oil Market Report for June 2024 listed Dangote Refinery […]
Dangote Cement Grows Half-Year Revenue By 139.9%
Dangote Cement Plc recorded an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1bn as against N336.4bn, reported in the corresponding period of 2023. The cement plant also reported a 10.9 per cent increase in the Nigerian market which rose from 8.0Mt to 9.0Mt in the […]
Executive order on pharmaceutical imports to improve healthcare access-CPPE
The Centre for the Promotion of Private Enterprise [CPPE] has said that an executive order removing duties on pharmaceutical imports will improve access to healthcare and impact positively on the well-being of citizens. Director/ CEO of CPPE, Dr. Muda Yusuf who stated this in a statement made available to Nairametrics […]