Chevron Corporation, one of the most prominent energy companies in the world, has announced a significant reduction in its workforce, with plans to cut 15 to 20 percent of its employees by the end of 2026. This move, which is part of a broader restructuring effort, is aimed at reducing operational costs, improving efficiency, and … Read more
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
Vitafoam Nigeria PLC has announced a proposed dividend of N1.05 per share, totaling N1.375 billion. The dividend awaits approval at the company’s 63rd Annual General Meeting, scheduled for March 6, 2025, in Lagos. This move highlights Vitafoam’s commitment to rewarding its shareholders despite a challenging year. The company reported strong financial growth for the year … Read more
The United Bank for Africa (UBA) Plc has unveiled its ambitious N239.4 billion Rights Issue, a strategic move aimed at bolstering its digital infrastructure, expanding operations across Africa and beyond, and strengthening its position as a leading pan-African financial institution. Group Chairman, Mr. Tony Elumelu, emphasized that the Rights Issue aligns with the bank’s long-term … Read more