The World Bank has reported that the recent rise in the federal government’s revenue in Nigeria during the first half of the year is largely attributed to the elimination of an implicit foreign exchange subsidy. Alex Sienart, the bank’s Chief Economist in Nigeria, shared this insight during the launch of the latest Nigeria Development Update, […]
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The Association of Securities Dealing Houses of Nigeria (ASHON) is calling for an increase in stockbroking fees, which have remained unchanged for years, as well as the lifting of the suspension on margin trading. This request was made by ASHON’s Chairman, Sam Onukwue, during the association’s recent annual general meeting. Onukwue highlighted that the stockbroking […]
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Nestlé’s new CEO, Laurent Freixe, has revised sales growth expectations for 2024 downwards and initiated a leadership reshuffle, which one analyst has termed a “painful reset” for the global food giant. Freixe, who took over from Mark Schneider on September 1, aims to reverse the company’s declining sales and address recent product scandals. For the […]
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Transcorp Power Plc has reported a remarkable 153 percent increase in revenue, reaching N223.6 billion for the third quarter ending September 30, 2024. This significant growth is an improvement from the N88.4 billion recorded in Q3 2023. In its unaudited Q3 2024 results, which were submitted to the Nigerian Exchange on Monday, the company highlighted […]
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Champion Breweries is preparing to launch a public offering to secure funding for its operations. This follows the company’s “Fact Behind the Figures” presentation at the Nigerian Exchange (NGX) on Tuesday, which is part of a strategy by its new core shareholder, EnjoyCorp, to quickly establish a presence in the market. During the presentation, key […]
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The World Health Organization (WHO) has approved Bavarian Nordic’s Jynneos mpox vaccine for adolescents aged 12 to 17, recognizing this age group as particularly vulnerable to outbreaks of the disease, which has raised global health concerns. In a statement released on October 8, the WHO announced the prequalification of the Jynneos vaccine for adolescents, emphasizing […]
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Transcorp Power Plc, a subsidiary of Transcorp Group, has announced its financial results for the third quarter of the year ending September 30, 2024, showcasing remarkable growth across its operations. In its unaudited Q3 2024 results filed with the Nigerian Exchange (NGX), Transcorp Power reported a revenue of N223.6 billion, marking a significant 153% increase […]
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Aradel Holdings is set to officially list its shares on the Main Board of the Nigerian Exchange (NGX) at a price of N702.69 per share on Monday, October 14, 2024. This announcement follows the company’s recent signing of a Sale and Purchase Agreement with global energy leader TotalEnergies and the Nigerian National Petroleum Company (NNPC) […]
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Investment firm Chapel Hill Denham has announced that it is serving as the official adviser to Aradel Holdings Plc as the energy company prepares to debut on the Nigerian Exchange (NGX) with a listing of 4.34 billion ordinary shares, priced at N0.50 each, on October 14, 2024. In a statement, Aradel Holdings revealed that its […]
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The National Agency for Science and Engineering Infrastructure (NASENI) has announced a series of innovative homegrown technology solutions, underscoring its dedication to the socio-economic advancement of the country. Mr. Olusegun Ayeoyenikan, NASENI’s Director of Information, shared this news in a statement on Saturday. During a press briefing celebrating his first year in office, NASENI’s Executive […]
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