Nigeria-Vietnam chamber champions climate smart solutions for development
Post AMUGE
April 9, 2024
To tackle food insecurity, youth unemployment Onome Amuge The Nigeria-Vietnam Chamber of Commerce and Industry (NVCCI) has drawn attention to the importance of climate sustainability approaches in addressing food insecurity, youth unemployment, and environmental issues in Nigeria. The importance of climate sustainability was highlighted at the NVCCI’s quarterly business meeting, held recently in Lagos, Nigeria. […]
N4.309 billion up for grabs as Unilever finalises dividend
Post AMUGEApril 9, 2024
Business a.m. Unilever Nigeria Plc has announced a total dividend payout of N4.309 billion to shareholders for the financial year ended December 2023. This comes on the back of the company’s board of directors exercising its authority under section 426 of the Companies and Allied Matters Act to recommend a dividend payment of 75 kobo […]
BUA Foods wows Investors with N5.50 final dividend as profit soars 23% to N112.1bn
Post AMUGEApril 9, 2024
Onome Amuge In a move that is sure to delight its shareholders,the board of directors of BUA Foods Plc has proposed a dividend of N5.50 per ordinary share for the financial year ended December 31, 2023. The proposed dividend, subject to appropriate withholding tax and shareholder approval, will be paid to those whose names appear […]
Nigerian Breweries eyes N600bn rights issue to boost capital
Post AMUGEApril 4, 2024
Joy Agwunobi Nigerian Breweries Plc, one of the leading companies in the Nigerian brewing industry, is planning to raise up to N600 billion through rights issues. The move, which is intended to tackle the negative impacts of the devaluation of the Naira and high borrowing costs on the company’s financial health, comes as the brewery […]
Transcorp Power’s FY 2023 gross earnings up 57.30% to N142bn
Post AMUGEApril 4, 2024
Business a.m. Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading listed conglomerate Transnational Corporation Plc, recorded gross earnings of N142.1 billion for the full year 2023, indicating a significant increase of 57.30 per cent compared to the same period in 2022, when the company reported gross earnings of N90.34 billion. Transcorp Power’s […]
Transcorp’s strategic positioning raises revenue 47.3% to N197bn in FY 2023
Post AMUGEApril 3, 2024
Business a.m. The Transnational Corporation Plc (Transcorp), one of Nigeria’s largest listed conglomerates, has announced a significant year-on-year growth, with revenue rising 47.3 per cent to N197 billion in 2023 from N134 billion in 2022, reinforcing its market leadership and strategic positioning. The company’s financial results for the year ended December 31, 2023, also indicated […]
Leadway Group introduces Hersurred to empower women
Post AMUGEApril 3, 2024
Cynthia Ezekwe Leadway Group, a leading financial services company, has launched an initiative called “Hersurred,” which aims to create a supportive community that empowers women to grow and succeed. With the launch of the Hersurred platform, Leadway Group is demonstrating its commitment to gender equality and the advancement of women. The platform is designed to […]
Transcorp Hotels zooms to N41.5bn record revenue in 2023
Post AMUGEApril 2, 2024
Business a.m. Transcorp Hotels Plc, a public listed hospitality subsidiary of the Transnational Corporation of Nigeria Plc (Transcorp Group), has reported its audited financial results for the year ending 2023, revealing a record-breaking revenue of N41.5 billion, an impressive 36 per cent increase from the N30.4 billion recorded in the previous year. The results […]
Zenith Bank crowned Nigeria’s best bank by Global Finance in 4th consecutive year
Post AMUGEApril 2, 2024
Business a.m. Zenith Bank Plc has once again been named the Best Bank in Nigeria by the international financial magazine Global Finance, continuing a winning streak that has seen the bank win the award four times since 2019. Global Finance’s Best Bank Awards are widely regarded as one of the most prestigious awards in the […]
CBN rate hike stirs fears of more pain for Nigerian SMEs
Post AMUGEApril 2, 2024
ONOME AMUGE & JOY AGWUNOBI As small and medium-sized enterprises (SMEs) in Nigeria grapple with rising borrowing costs, the Central Bank of Nigeria (CBN) has dealt them a new blow by raising the Monetary Policy Rate yet again. While the move is aimed at curbing inflation, analysts are concerned that the higher interest rates […]