Nigeria: CACOVID to rehabilitate 44 damaged police stations during EndSARS protest, to procure N100b equipment for police, to deploy N150b for youth program, others

WorldStage Newsonline– The Coalition Alliance Against COVID-19 (CACOVID) formed in March 2020 by the Central Bank of Nigeria and the Deposit Money Banks along with key stakeholders in the private sector following the funding challenge faced by Federal and State governments and the need to improve the capacity of health institutions to deal with emerging cases of COVID-19, has rolled out further intervention initiatives to secure not only businesses but also the country.

Read More

Ecobank’s firm heads to Supreme Court over judgment on N22.5b Airtel shares

WorldStage Newsonline– O&O Networks Limited, a special purpose vehicle previously owned by former Oceanic Bank International Limited which was acquired by Ecobank Transnational Incorporated (ETI) in 2011, has said that it had filed an appeal against a judgment  of the Court of Appeal delivered today over shares that it previously owned in Airtel Networks Limited.

Read More

Academy Press cuts losses to N86.317m in Q1 2020, N150.867m in Q2

WorldStage Newsonline– Academy Press Plc, a Nigerian firm that is into the printing of educational and general books, commercial printing of diaries, labels, calendars, periodicals, annual reports, confidential and other printing works has released the financial statements for the first and second quarters 2020 with 61% decline in revenue to N167.195 million in the Q1 2020 from N423.419 million in 2019.

Read More

Universal Insurance maintains strong profit at N407.241m in nine months 2020 despite 70.28% drop in Q3

WorldStage Newsonline– Universal Insurance Plc, a major player in Nigeria’s insurance sector has released its statements of comprehensive income for the period ended 30 Sept ember 2020 with a decline in gross premium written to N539.928 million in Q3 2020 from N596.436 million in 2019.  However, gross premium written for nine months rose to N2.858 billion from N1.541 billion in 2019.

Read More

ABC Transport suffers N531.972m loss in nine months as operating costs hit 84.93%

WorldStage Newsonline– ABC Transport Plc that is in the business of road passenger transportation between major cities in the south, north central and Abuja has released its consolidated and separate income statements for the nine months ended September 30, 2020 with 5.58% increase in revenue to N4.893billion from N4.634 billion in 2019.

Read More

FTN Cocoa Processors cuts loss to N78.087m in Q1

WorldStage Newsonline– FTN Cocoa Processors Plc, a company is into processing of cocoa beans and palm kernel into cocoa cake, liquor, butter, palm kernel oil and palm kernel cake for export and sales to local manufacturing companies has released its  financial statements for the first quarter ended 31 March, 2020 with 30.8% decline in revenue to N136010 million from N196.541 million in Q1 2019.

Read More