March 19, 2025/Unity Bank Plc The Board of Unity Bank Plc has announced the appointment of Mr. Ebenezer Kolawole (FCA) as the Acting Managing Director/Chief Executive Officer following the retirement of Mrs. Oluwatomi Somefun who has completed her tenure as MD/CEO. The appointment was announced at the Bank’s 18th Annual General […]
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Temporary Suspension of Sales of Products
March 9, 2025/Dangote Group We wish to inform you that, Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira. This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars. To date, […]
Nestle Nigeria Plc: Record Revenue Growth but Mounting Financial Pressures
March 19, 2025/InvestmentOne Report Nestlé Nigeria’s revenue growth of 75.32% YoY was driven by price adjustments, though gross profit margins declined from 39.70% in 2023 to 31.95% in 2024. This margin contraction was due to higher production costs resulting from inflation and foreign exchange volatility. The company reported a gross […]
