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Stanbic IBTC Bank Exits Capital Market, Re-registers As Private Liability Company
Stanbic IBTC Holdings Plc has announced that its banking subsidiary, Stanbic IBTC Bank is exiting the capital market. The bank has already been re-registered as a private company limited by shares.
The announcement was made in a…
Coca-Cola Maintains Positive Expectations On Profitability Despite Forex Headwinds In Nigeria, Egypt
Despite the economic instability in some key markets like Nigeria, Coca-Cola Hellenic Bottling Company (HBC) has maintained its annual profit and sales forecasts.
According to the company, this was due to the strong demand for…
Wema Bank Plc Records 130% Pre-tax Profit In Q3, 2023
Wema Bank Plc has recorded 130 per cent pre-tax profit for the third quarter of 2023, a surge of 61 per cent year-on-year gross earnings. This was made known in its unaudited results for the 3rd Quarter ended on 30th September…
2023 AfriCaribbean Forum: Access Bank, FEDA, Afreximbank Sign $220m Investment, Trade Deal
In line with its goal to be Africa's gateway to the world, Access Bank in partnership with The African Export-Import Bank (Afreximbank) and its equity investment subsidiary, the Fund for Export Development in Africa (FEDA) has…
Quickteller, Penpay Partner To Create Novel Retirement Plan For Nigeria’s Informal Sector
PenPay, financial service provider with the goal of building the largest distribution network in Africa, is partnering with Quickteller, leading consumer digital payments platform powered by Interswitch, to provide informal sector…
FBNHoldings Records N270 Billion Pre-tax Profit In Q3, 2023
First Bank Nigeria Holdings Plc. has recorded a pre-tax of N270 billion for the third Quarter of 2023, with an 80.1 per cent increase in gross earnings. This was revealed in the company’s unaudited financial results for the period…
LG Electronics, NEFT Vodka To Raise Movie Stars In Nigeria
NEFT Vodka Nigeria, renowned ultra-premium vodka brand, has announced its partnership with LG Electronics, global leader in technology and innovation to elevate the NEFT Emerging Film Talent International Short Film (NEFTI)…
CWAY Expands Portfolio, Unveils Fizzy Apple Drink
From left: Mr Sam Akinrimisi, Deputy Marketing Director, CWAY; George Odinaka, Digital Marketing Lead, CWAY; Jean Pack, Modern Trade Sales, CWAY; Segun Ibidapo-Obe, Brand and Marketing Manager, Fizzy Apple Drink and Tolu Fajemidagba, …
Africa Magic @ 20: MultiChoice Takes Viewers On Studio Tour
As part of activities to mark the 20th anniversary of Africa Magic, selected viewers were taken on a tour of the Lagos studio of MultiChoice last Tuesday. This was to give some of the loyal fans of the brand the rare privilege to…
Cadbury Nigeria Records N4.3 billion Pre-tax Profit In Q3, 2023
Cadbury Nigeria Plc, a leading Nigeria's FMCG company, has recorded a pre-tax profit of N4.30 billion in the third quarter of 2023, a 533.4% surge year-on-year from the N678.4 million recorded in Q3 2022.
This was revealed in…