Transcorp Hotels Plc has announced its unaudited results for the third quarter ended September 30, 2024. According to the company’s statement, the company’s occupancy rate grew to 83 per cent in third quarter (Q3) of 2024 from 79 per cent in the corresponding period of 2023. Transcorp Hotels […]
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Seplat Energy Announces NUPRC Confirmation Of Consent On MPNU Deal
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 […]
LCCI Raises Alarm Over Frequent National Grid Failures, Urges Immediate Power Sector Reforms
Lagos Chamber of Commerce and Industry (LCCI) has raises alarm over frequent National Grid failures, calling for immediate power sector reforms. Director General of LCCI, Dr. Chinyere Almona in a statement said that with businesses suffering from the burden of poor power supply, the county need quick intervention actions […]
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 […]
Access Bank Partners NDLEA To War Against Illicit Drug Trafficking, Money Laundering
Access Bank Plc has reinforced its dedication to the fight against illicit drug trafficking and money laundering, committing to a closer partnership with the National Drug Law Enforcement Agency (NDLEA). The bank made this commitment at the formal decoration of its Group Chief Executive Officer/Managing Director, Roosevelt Ogbonna, and […]
Shareholders Lose N208bn in Aradel Holdings Shares Two Days After Quoting On NGX
Investors in Aradel Holdings Plc, Nigeria’s latest listed company, have incurred a loss of N208 billion just two days after the company’s shares debuted on the Nigerian Exchange Limited (NGX). Aradel’s stock price dropped by 5.85 per cent reducing its market capitalization from N3.562 trillion on Tuesday to N3.354 […]
Access Bank Partners SaltinGTein To Unveil Winbundle Airtime2Win
Access Bank has collaborated with SaltinGTein to introduce the Winbundle Airtime2Win feature on its digital platform, allowing customers to participate in a raffle when purchasing airtime. Through Winbundle Airtime2Win, customers purchasing airtime via *901# will receive 70 per cent of the airtime value, while the remaining 30 per cent […]
NGX Admits Aradel Holdings’ 4.34bn shares Worth N3.05trn
Aradel Holdings Plc, an integrated energy company, listed 4.34 billion shares on Nigerian Exchange Limited (NGX) Main Board. The shares listed at N702.69 per share through a “Listing by Introduction,” boosted the market capitalization of NGX by N3.05trn, marking a significant milestone in the oil and gas sector’s participation […]
Rising Fuel Prices Above N1,000 Per Litre Could Reverse Nigeria’s Inflation Gains- Chukwu
The Managing Director of Cowry Asset Management Limited, Mr. Johnson Chukwu, has highlighted concerns over Nigeria’s inflation outlook, despite a recent decline in the inflation rate to 32.19 per cent in August 2024. Speaking at a third-quarter webinar on Nigeria’s economic landscape, Chukwu attributed the drop in inflation to […]
Africa’s Abundant Gas Reserves Offer Immediate Solutions To Prevailing Problems – Seplat CEO
Africa has abundant gas reserves, and these rich reserves offer immediate solutions to the continent’s immediate and prevailing challenges if well leveraged. The Chief Executive Officer, Seplat energy Plc, Mr. Roger Brown, said this during the ongoing Africa Oil Week (AOW) Conference and Exhibition in Cape Town, South Africa. […]