Airtel Africa Plc, on Thursday, reported that it lost $151m due to the harmonisation of foreign exchange rates in Nigeria. It disclosed this in its second quarter report filed with the Nigerian Exchange Limited. The telecom company said, “Profit after tax was negative ($151m), driven largely by a foreign exchange loss of $471m recorded in…
The group operating expenses of Ecobank Transnational Incorporated rose to $563m in the first half of 2023, representing an 11 percent increase when compared to figures recorded during the same period in 2022. The bank disclosed this in its half-year financial report released on Thursday. Ecobank said its “group operating expenses for the first half…
By Ayomide Otitoju Leading innovative and sustainable building solutions company, Lafarge Africa Plc, has initiated the process for regulatory approval of brand name Roadcemby Standards Organisation of Nigeria (SON) under the MANCAP certification scheme. Classic brand of CEM II BL 32.5R grade of cement is certified by SON under the MANCAP scheme. Roadcem brand is…
First Bank Nigeria Holdings Plc, has reported a profit before tax of N206 billion for the half year ended June 30, 2023. FBN Holding disclosed the figures in its second-quarter statement released yesterday on the Nigerian Exchange.The increase in second-quarter profits helped its half-year profit before tax to rise by 213% compared to N65.7 billion…
FBN Holdings Plc says it has recorded a profit before tax of N206 billion for the first half of 2023 financial year. The holding company… FBN Holdings Plc says it has recorded a profit before tax of N206 billion for the first half of 2023 financial year. The holding company said this in its unaudited…
The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. This is the highest tax revenue collection ever recorded by the Service in any first six months of a fiscal year, the agency said in a statement Thursday. The statement…
The Lagos Chamber of Commerce and Industry has urged the Federal Government to sustain its targeted interventions in critical sectors like agriculture, manufacturing, export, infrastructure, etc. Speaking at the chamber’s State of the Economy Outlook press conference in Lagos on Tuesday, its President, Michael Olawale-Cole, stated that high inflation, continuous rise in interest rates and…
Fidelity Bank said it will seek the approval of its shareholders to raise additional capital via issuance of 13,200 billion ordinary shares. This was disclosed in the notice of Extraordinary General Meeting signed by the Company Secretary, Ezinwa Unuigboje and filed on the Nigerian Exchange Limited. The company revealed it would raise the funds via…
A passenger of Dana Air, Femi Ogunshola, has expressed his disappointment after the airline left him and other passengers onboard without taking off for over an hour. According to him, passengers had boarded the Lagos-bound flight, which was scheduled to take off by 12 p.m. on Saturday from Abuja but were kept inside the aircraft…
