Transcorp Hotels sees Q3 profit grow 149% on N14.6bn revenues
Onome Amuge
November 8, 2021
Transcorp Hotels Plc., which owns Transcorp Hilton Abuja, Transcorp Hotels Calabar and Aura by Transcorp Hotels, has reported a massive 149 percent rise in its gross profit to N10.8 billion on a revenue growth of 115 percent to N14.6 billion for the third quarter ended September 30, 2021, according to its unaudited financial results seen […]
P+ Measurement rebrands for service efficiency
Businessam StaffNovember 3, 2021
P+ Measurement, the independent public relations measurement and evaluation agency, said it has carried out a rebrand of its business website, logo and operations as part of efforts to deepen penetration and sustain its leading position in the sector. The new development also comes as the agency marks its sixth year of consistent data-driven media […]
PRnomics debuts with exclusive services to advance Nigerian businesses
Businessam StaffNovember 3, 2021
Africa’s first-ever combined public relations and economics digital platform and resource hub, PRnomics, has launched its services in the Nigerian market with the aim of creating access to current research data that will support Nigerian agencies and businesses in making a more significant inroad into the gigantic but highly competitive global market. PRnomics, which […]
Airtel completes sale of its Madagascar towers to Helios towers for $51.7m
Charles AbuedeNovember 3, 2021
Airtel Africa says it has completed the sale of its telecommunications tower company in Madagascar to Helios Towers plc, an independent telecommunications infrastructure company in Africa, for the sum of $51.7 million in gross consideration for the transaction. In a disclosure filed to the Nigerian Exchange, the company noted that the proceeds from the […]
Olam in N300m 10-year project to boost wheat production in Nigeria
Onome AmugeNovember 3, 2021
Engages female farmers to lead community-based seed enterprises Olam, the global food and agri-business company with strong presence in Nigeria, in conjunction with its subsidiary, Crown Flour Mill Limited, is to establish a N300 million 10-year project on community seed enterprises that will engage female farmers associations to support Nigerian farmers in boosting […]
Airtel Africa’s CEO drives double digit revenue growth to $2.27bn since appointment
Charles AbuedeOctober 28, 2021
Revenue grew 25.2% PAT doubled 131.6% to $335m Operating profit rose 55.1% to $732m Since the assumption of Segun Ogunsanya as chief executive of Airtel Africa, Africa’s wireless carrier, this year, and the adoption and implementation of a new strategy to drive growth and strong performance across all regional segments and key services, […]
Africa Prudential disrupts tech space with new business solutions
Charles AbuedeOctober 28, 2021
Africa Prudential, one of Nigeria’s leading investor solution and business support solutions firms listed on the stock exchange, has said that it is building a nascent list of business solutions for corporate organisations across various spheres of the Nigerian economy as it pushes on with its transformation into a digital technology provider across the country […]
Guinness shareholders okay N1.01bn dividend following stellar FY21 performance
Charles AbuedeOctober 28, 2021
Apparently satisfied with the full year 2021 performance of Guinness Nigeria, the company’s shareholders have approved a dividend payout totalling N1.008 billion that was proposed by the board at its recently held annual general meeting. The company reported a 54 percent year on year growth in revenues to N160 billion for the year ended 30 […]
Unilever Nigeria stays profitable with 12.5% y/y revenue rise to N19.6bn in Q3
Charles AbuedeOctober 26, 2021
Unilever Nigeria, a leading consumer goods manufacturing company, has finally gotten its books in the black for two consecutive quarters running after turning profitable last quarter (Q2, 2021), as it has just reported a 12.5 percent year on year increase in its quarterly revenue to N19.6 billion, with a gross profit of N5.9 billion, up […]
Autocheck to speed African expansion with fresh $13m seed funding
Onome AmugeOctober 26, 2021
Autocheck, Africa’s leading automotive technology company facilitating auto financing, has secured a seed funding round worth $13.1 million which it plans to deploy in expanding its operational capacity across the African continent. The round was co-led by follow-on investors, TLcom Capital and 4DX Ventures; existing investors, Golden Palm Investments, Enza Capital, Lateral Capital; as well […]