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Nestlé Nigeria Pays $20m Forex Debt Ahead of Schedule Amid Economic Challenges

Nestlé Nigeria Pays $20m Forex Debt Ahead of Schedule Amid Economic Challenges

Nestlé Nigeria Plc has made an early repayment of $20 million in inter-group foreign exchange debt, reflecting the company’s commitment to financial discipline amidst ongoing economic challenges. In a release filed on the Nigeria Exchange on Thursday, Nestlé confirmed the repayment, which was made ahead of schedule. This comes as the company continues to navigate … Read more

Transcorp Power Reports 115% Revenue Growth and 165% PAT Increase, Declares N37.5bn Full Dividend

Transcorp Power Reports 115% Revenue Growth and 165% PAT Increase, Declares N37.5bn Full Dividend

Transcorp Power Plc, a subsidiary of the Transcorp Group, has recorded impressive financial results for the year ending 2024, marking significant growth in both revenue and profitability. In its audited results, disclosed to the Nigerian Exchange (NGX) on Thursday, Transcorp Power revealed a remarkable 115% increase in revenue, soaring from N142.1 billion in 2023 to … Read more

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