Transcorp Hotels to tap into $107bn luxury hotel market with Ikoyi 5-star hotel
Post AMUGE
April 30, 2024
Reports record 36.2% revenue growth to N42bn revenue in 2023 Onome Amuge Transcorp Hotels is solidifying its presence as a major player in the luxury hospitality industry by expanding its portfolio with a 315-room, 5-star hotel in the heart of Ikoyi, Lagos. This venture aligns with the company’s strategy to capitalise on the growing […]
Access Holdings’ shareholders endorse $1.5bn capital raising drive with unanimous backing
Post AMUGEApril 19, 2024
Applaud Aig-Imoukhuede’s homecoming as chairman to drive financial success Onome Amuge Access Holdings Plc shareholders turned out in full force at the company’s 2nd annual general meeting, showering the group with an overwhelming vote of confidence in its ambitious plans to raise up to $1.5 billion in capital. The shareholders not only backed the […]
Nestle Nigeria records post tax profit of N45bn, to pay N45 in final additional dividend
Businessam StaffMarch 3, 2020
Nestlé Nigeria Plc has recorded a profit after tax of N45.6 billion for the year 2019 as against N 43 billion during the previous year. However, it said it posted a gross profit profit of N127.6 billion during the review year compared to N113.9 billion in 2018. In a statement, the company said it posted revenue […]
Julius Berger board meets to approve Q4 results
Afolabi OluwaseunJanuary 16, 2019
Julius Berger Nigeria Plc., a leading construction company, has announced that its board audit committees would meet on Wednesday, January 30, 2019, to consider and approve its fourth quarter 2018 results. The meeting, according to a notification to the Nigerian Stock Exchange and its shareholders, January 17, 2019, to January 31, 2019, has been announced […]
Nigeria’s Williamsville Sears set to acquire Turner Wright
Businessam StaffMay 30, 2018
Williamsville Sears Management Inc., a diversified holding corporation, has signed a letter of intent for the acquisition of Turner Wright Ltd, a Nigerian-based pharmaceutical firm, in a stock-swap transaction subject to the approval by both companies of definitive documents and the achievement of certain other milestones. The acquisition anticipated by the LOI is the result […]
China’s Anbang, HNA considered buying insurance group Allianz, sources disclose
Businessam StaffSeptember 6, 2017
China’s Anbang Insurance Group Co Ltd and HNA Group Co Ltd. separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledge of the matter said, according to Reuters. The conglomerates weighed buying a majority stake in the world’s fourth-largest insurer by market […]
eTranzact pays 10k per share dividend on N449m profits for 2016
Businessam StaffJuly 27, 2017
eTranzact, the Nigeria electronic payment company, Thursday, held a successful 2016 annual general meeting in Lagos, the country’s commercial capital where shareholders voted for the payment of 10 kobo per share dividend presented to them by the board. The dividend payment comes on the back of pre-tax profit of N449.4 million made during the full […]