Thomas Wyatt Nigeria Plc has reported a significant decline in its financial performance for the year ended March 31, 2024. The company posted a loss of N12.4 million, marking a 129% decline from the N43.1 million profit recorded in the previous year.

Nigerian Breweries Plc (NB) has acquired the remaining 20% shareholding in Distell Wines and Spirits Nigeria Limited (DWSN), completing its full acquisition of the company. This move follows the execution of a sale and purchase agreement with DWSN's minority shareholders, Ekulo International Limited and Next International Nigeria Limited.

ABC Transport Plc has experienced a significant uptick in its stock performance, with shares rising 22% year-to-date, driven by its strategic diversification initiatives and robust financial performance. Key Highlights: - 22% year-to-date increase in stock price, from N1.23 to N1.50 - Market capitalization rises from N2.942 billion to N3.588 billion - Strategic investment in Compressed Natural Gas (CNG) trucks and establishment of ABC Cargo Limited - Over N8 billion invested in acquiring CNG-powered and specialized trucks - Pre-tax profit of N634.7 million reported for FY 2024, a turnaround from pre-tax loss of N260.1 million in 2023 - Total revenue surged to N12.6 billion from N7.1 billion in the previous year.

C&I Leasing Plc has issued a N10 billion Series 5 commercial paper (CP) under its N50 billion issuance programme, as part of its efforts to optimize its working capital and refinance high-interest short-term borrowings. Key Highlights: - N10 billion commercial paper issuance to optimize working capital - Issue price: N1,000, tenor: 269 days, funding date: March 17, 2025 - Implied yield: 27%, discount rate: 22.519% - Strong revenue growth but shrinking profitability, with pre-tax profit margin falling to 6% - Total assets grew by 44%, largely due to foreign currency translation effects - Commercial paper outstanding declined sharply, while total borrowings surged by 21% - Operating cash flow dropped significantly due to heavy commercial paper repayment.

United Capital Plc (UCAP) has announced a remarkable 111.03% increase in Profit After Tax (PAT) to N24.10 billion in 2024, more than doubling its PAT from N11.42 billion in 2023. Key Highlights: - Total dividend payout of N2.40k per share in 2024, representing a 44% increase from the previous year - Introduction of an inaugural interim dividend of 90 Kobo per share - 2-for-1 bonus share issuance, increasing the total number of outstanding shares from 6 billion to 18 billion - Total assets rose by 83% year-on-year to N1.70 trillion, while shareholders' funds grew by 47% year-on-year to N133.50 billion Leadership Comments: Prof.

Champion Breweries Plc has reported a profit after tax of N816.99m for the 2024 financial year, representing a 120.5 per cent increase from the N370.56m recorded in 2023. The company’s audited financial statements for the year ended December 31, 2024, showed that revenue rose by 64.5 per cent to N20.89bn from N12.70bn in the previous year.

RT Briscoe Nigeria Plc has unveiled plans to raise N10 billion through a newly launched investment scheme, following approval from the Securities and Exchange Commission. Key Point: The company is also embarking on a strategic initiative to convert petrol and diesel vehicles to run on Compressed Natural Gas, demonstrating its commitment to sustainability and innovation in the automotive sector.

Nigerian Exchange Group Plc (NGX Group) has announced its audited financial results for the year ended December 31, 2024, achieving a remarkable 157.3% year-on-year growth in profit before tax (PBT) to N13.6 billion. Key Point: NGX Group's impressive financial performance was driven by robust revenue expansion, strategic cost optimization, and increased market participation, demonstrating the group's resilience and financial strength.

Ellah Lakes Plc has reported a loss of N396.6 million for the second quarter ended January 31, 2025, as the company grapples with rising administrative and personnel expenses. Key Point: Despite a modest improvement in revenue to N18.97 million, Ellah Lakes' financial performance was weighed down by significant increases in administrative costs and personnel expenses, resulting in a widening operating loss and eroding shareholder value.

The President of Dangote Group, Aliko Dangote, yesterday, March 17, 2025 disclosed that Dangote Cement’s annual production across Africa will climb 61 million metric tons from next year. This is after the completion of ongoing plant projects in Abidjan, Cote d’Ivoire and Itori, Ogun State.

Skyline Builders Group Holding Limited (NASDAQ: SKBL), a civil engineering services provider in Hong Kong, has announced the closing of its initial public offering (IPO) of 1,500,000 Class A ordinary shares at a public offering price of $4.00 per share, raising total gross proceeds of $6 million. Key Point: The successful completion of the IPO provides Skyline Builders Group Holding Limited with the necessary funds to enhance its capacities, strengthen its market position, and support its growth strategy, while also increasing its visibility and credibility as a publicly traded company on the NASDAQ Capital Market.

Nestlé Nigeria has unveiled a new product, Golden Morn 3 in 1, aimed at addressing local nutritional needs and improving food accessibility for consumers. This launch is part of the company's strategy to expand its product offerings and provide affordable nutrition.