Nigerian beer companies’ three-month revenue hits N189.63bn
Published 7 May 2021
Four brewing companies in Nigeria posted a total revenue growth of 27.94 per cent in the first three months of the year, an analysis of data from their unaudited financial statements showed.
The companies’ combined revenue rose to N189.63bn in the first quarter of 2021 from N148.22bn in the same period of 2020.
Nigerian Breweries Plc saw its revenue grow by 27 per cent to N105.68bn in Q1 2021 from N83.23bn in the same period a year earlier. Its profit before tax rose by 38.8 per cent to N11.51bn.
Guinness Nigeria Plc increased its revenue by 53.88 per cent to N42.61bn in the period under review from N27.69bn in Q1 2020. Its pre-tax profit jumped to N3.17bn from N71.39m.
Heirs Oil & Gas appoints CEO, others The Punch
Published 7 May 2021
Heirs Oil & Gas, an African integrated energy company, has appointed Osayande Igiehon as its chief executive officer, effective May 4.
A statement, titled ‘Heirs Oil & Gas announces CEO and board appointments’, said the appointment included a non-executive board, bringing together leading industry figures, with considerable global and regional experience.
Heirs Holdings Limited’s portfolio company, HHOG, completed the acquisition of OML 17 in January 2021, in one of the largest oil and gas financings in Africa in more than a decade, with a financing component of $1.1bn.
The statement said the transaction represented a further implementation of the HH Group strategy of creating the leading integrated energy business in Africa.
DGAP-News: Heirs Oil & Gas Announces CEO and Board Appointments
vom 07.05.2021, 17:15 Uhr
Bild: pixabay.com
Heirs Oil & Gas Announces CEO and Board Appointments
07.05.2021 / 17:15
Heirs Oil & Gas Announces CEO and Board Appointments
- Welcomes former senior Shell executive, Osayande Igiehon, as CEO
Lagos, 04/05/2021 - Heirs Oil & Gas (HHOG) (www.HeirsOilandGas.com), the leading African integrated energy company, has announced the appointment of
Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together with a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience.
Heirs Holdings Limited s (HH) portfolio company, HHOG, completed the acquisition of OML17 in January 2021, in one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion. The transaction represents a further implementation of the HH Group strategy of creating the
The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, has reversed an earlier letter he sent to the Minister of Finance, Hajiya Zainab Ahmed, prohibiting the importation of sugar from the free trade zones into the Nigerian customs territory.
According to TheCapital.ng, the Secretary to the Government of the Federation, the Comptroller General of the Nigeria Customs Service and the Managing Director/CEO of the Nigerian Ports Authority were copied in the letter. Adebayo’s letter was predicated on a petition to him by the chairman, Dangote Industries Limited, Alhaji Aliko Dangote; and chairman, Flour Mills of Nigeria Plc, Mr. John Coumantaros
Zenith Bank and Access Bank are among the list of financial institutions from Africa and the Middle East to indicate interest in the acquisition of Union Bank and other African assets of Atlas Mara Group, a Pan-African banking group.
This will likely bring to an end, the incursion of Bob Diamond, the founder of Atlas Mara Limited and a former Chief Executive of Barclays Bank Plc, into the African financial market, after misjudging competition on the continent and overpaying for acquisitions.
According to a report from Bloomberg, which quoted sources who preferred to be anonymous as it was yet to be made public, the London-listed group has received a number of offers for its 49.97% stake in Union Bank of Nigeria Plc.