UAC strikes deal to acquire Chivita, Hollandia from Coca-Cola

Nigeria, July 31 -- UAC of Nigeria announced in a statement on Wednesday that it reached an agreement to take over Chivita/Hollandia (Chi Limited) from Coca-Cola Company Limited. Chi Limited is a lea... Read More

Nigerian Breweries reports N88 billion half-year profit amid sharp jump in sales

Nigeria, July 30 -- Nigerian Breweries recorded a net profit of N88.4 billion in the first half of the year, in contrast to a net loss of N85.2 billion a year ago, as a considerable increase in revenu... Read More

Transcorp Power reports 20% jump in half-year profit, declares N11.3 billion interim dividend

Nigeria, July 28 -- Transcorp Power, the electricity generation subsidiary of Transnational Corporation Plc, recorded a 19.8 per cent increase in net profit for the six months to June, compared to a y... Read More

BUA Cement, Nascon, Dangote Cement top stock pick this week

Nigeria, July 28 -- Nigerian stocks continued their upward trend last week, advancing by 2.2 per cent on the back of notable gains recorded by industrial goods stocks. In all, the benchmark index has ... Read More

Transcorp Hotels' half-year profit climbs 31% to N8.7 billion

Nigeria, July 25 -- Transcorp Hotels posted a 31.2 per cent increase in net profit to N8.7 billion for the first six months of the year, compared to the same period of 2024, according to its unaudited... Read More

French media conglomerate Canal+ gets approval to acquire MultiChoice

Nigeria, July 25 -- French media conglomerate Canal+ has secured approval from South Africa's Competition Tribunal to acquire MultiChoice Group, the parent company of pay TV services DSTV and GOTV. T... Read More

Dangote Sugar's half-year loss drops by 83% amid lower finance costs

Nigeria, July 24 -- Dangote Sugar Refinery reported an 83.1 per cent drop in net loss for the first half of the year, compared to the same period of 2024, helped by a considerable reduction in finance... Read More

Airtel Africa's first-quarter profit surges by 403%

Nigeria, July 24 -- Airtel Africa's net profit for the first quarter ended 30 June 2025 climbed by 403.2 per cent to $156 million, partly driven by a 34.1 per cent increase in data revenue, its financ... Read More

Nigeria's rebased GDP remains fourth in Africa despite expansion

Nigeria, July 22 -- Nigeria's gross domestic product (GDP) stood at N372.8 trillion ($243.7 million) in nominal terms in 2024 after the statistics office altered the process for computing the size of ... Read More

Lafarge Africa reports 352% surge in half-year profit

Nigeria, July 22 -- Lafarge Africa recorded a 352 per cent leap in net profit in the first six months of the year, compared to a year ago. The leap was helped by a building construction boom in Niger... Read More

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