12/4/2017/Reuters Unilever Nigeria said on Wednesday it will seek shareholder approval next month to raise 63 billion naira ($200 million) through a rights issue. The household products maker also said it would seek approval to increase its authorised share capital to 5 billion naira by creating an additional 3.95 billion […]
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Transcorp Plc rises to a Top 500 company in Africa
April 12, 2017/Transnational Corporation of Nigeria Transnational Corporation of Nigeria (Transcorp) was on the list of Africa’s top 500 companies recently released by The Africa Report (February 2017 issue), a leading news magazine publication owned by Paris-based media group, Jeune Afrique. The list is compiled annually with each company listed assessed based on […]
2016: Dangote Flour Mills returns to profitability…posts N12 bn profit
April 12, 2017/Dangote Group Dangote Flour Mills (http://Dangote.com) has posted a profit before tax of N11.82 billion for its financial year ended December 31, 2016. According to the results released on the floor of the Nigerian Stock Exchange (NSE), the company has returned to profitability after four years of losses. […]
