Nigeria telecoms services worsen over interconnect debts

Businessam StaffAugust 7, 2019

Telecommunications services have gone poorer in the last few days owing to a partial disconnection of telephone lines largely due to increasing and unpaid interconnect debts. It was learnt that an interconnect debt of over N165 billion among some stakeholders, including the mobile network operators (MNOs), clearing houses and value added service (VAS) providers, is […]

Why we opened new outlet in Ikoyi -Berger Paints

Businessam StaffAugust 6, 2019

Berger Paints Nigeria Plc., Tuesday announced the opening of a new outlet- “Colour World” at Awolowo way, Ikoyi, Lagos. The company said the decision is part of its commitment to meet the growing demand by consumers for a wide range of colours at point of sales. Arjan Sircar, the firm’s managing director, explained that the […]

Emirates tackles AON on subsidy claims

Businessam StaffAugust 6, 2019

United Arab Emirates (UAE) carrier, Emirates, on Monday faulted the claim of Airline Operators of Nigeria (AON) that it enjoys subsidies from the Federal Government and therefore in unfair competition. In a statement, the carrier said the allegations are patently false, adding that it had repeatedly debunked these myths over the years. It also clarified […]

Kids to enjoy free channels on StarTimes this week

Afolabi OluwaseunAugust 5, 2019

StarTimes

Pay TV company, StarTimes has announced a one- week free viewing for all its kids channels from August 1 to 7. This, the company said is in a bid to entertain, educate, and provide informative content no subscription needed to children who are on holiday. According to Kunmi Balogun, the firm’s public relations manager, the […]

Unilever Nigeria grows Q2 ’19 PAT by 24% on N23.43bn turnover

Businessam StaffAugust 4, 2019

Unilever Nigeria has announced a 24 percent quarter-on-quarter growth in profit after tax for the current financial year. For the period ended June 30, 2019, post tax profit grew to N1.9 billion on a turnover of N23.43 billion. The growth in quarter-on-quarter PAT was from N1.5 billion recorded in the first quarter of the year. […]

Ayo Adepoju becomes Ecobank’s new CFO

Businessam StaffAugust 1, 2019

Ecobank Transnational Incorporated, the Lome-based parent company of Ecobank Group, has announced the appointment of Ayo Adepoju as its new chief financial officer (CFO). Adepoju, the new CFO, was also named a member of the company’s group executive committee. The new official, whose appointment takes immediate effect, will report directly to the group chief executive […]

Nigerian Breweries records N13bn tax on N170bn revenue in 2019 first half

Adesola AfolabiAugust 1, 2019

Nigerian Breweries Plc has announced the company’s results for the first half of the year ended 30th June, 2019. According to the unaudited and provisional results filed with the Nigerian Stock Exchange (NSE) the company announced a revenue of N170.2 billion for the period under review and Profit after Tax (PAT) of N13.3 billion during […]

Pasta sales beef up Honeywell Flour Mills first quarter performance

Adesola AfolabiJuly 31, 2019

Honeywell Flour Mills Plc (HFMP) first quarter profit performance for the period ended June 30, 2019 improved by 6 percent thanks to sales from its pasta products. This was inspite of finance costs incurred by the company to set up an ultra modern factory for the seamless availability of its products. As a result of […]