By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Zenith Bank Plc Thursday announced the appointment of Olusola Oladipo as an executive director (ED) of the bank. The bank in a letter dated April 24, 2014 and signed by Michael Osilama Otu, its company secretary said the information is in compliance to the code […]

Heineken NV (HEIA), the world’s third-biggest brewer, reported first-quarter sales that beat analyst estimates, as demand for its namesake beer surged in markets including Nigeria and Brazil. Revenue gained 3.4 percent, compared with the 2.9 percent median estimate of 12 analysts surveyed by Bloomberg News, Amsterdam-based Heineken said. Beer volume […]

MTN Group Ltd. (MTN), Africa’s largest wireless operator, said subscriber numbers across its 22 markets rose 1.1 percent in the first quarter after slight growth in Nigeria countered a decline in customers in South Africa. Users in Nigeria, MTN’s biggest market, rose “marginally” to 57.2 million in the quarter ended […]