Business Capital Market

Capital Oil increases loss by 99 percent in nine months

Ihesiulo Grace 1 November 2016 0

Management accounts for the nine month period ended 30th September 2016 of Capital Oil Plc has shown a 99 percent increase in loss after tax of N43.5 million from N21.9 million reported for the same period of 2015. The indigenous downstream oil major also reported a 28 percent decline in

Business Capital Market

Q3 Earnings: Lafarge Wapco records N37.4 billion loss

Ihesiulo Grace 1 November 2016 0

Lafarge Africa Plc has reported a loss after tax of N37.4 billion for the nine month period ended September 30, 2016. The loss represents a 215 percent decline from a profit after tax of N32.4 billion recorded in the corresponding period of 2015. The cement manufacturing group’s results showed Net sales for the period reduced […]

Aviation

Arik Air Counts $9m Loss to Aviation Fuel Scarcity

Ihesiulo Grace 5 May 2015 0

The scarcity of aviation fuel is taking a huge toll on airline operations with Arik Air declaring that it has lost an estimated $9 million since last week to disruptions of its operations. The airline said the scarcity of aviation fuel has adversely hit its operations, that it is forced to scale down its flights […]

News

Tinubu Blasts APC Leaders over Loss of Seats to PDP

Ihesiulo Grace 10 April 2015 0

National leader of the All Progressives Party (APC), Senator Bola Ahmed Tinubu, on Thursday expressed disappointment with leaders of his party over the loss of five House of Representatives seats to the rival Peoples Democratic Party (PDP) in the last election. Tinubu, as an emergency stakeholders meeting held in the party’s secretariat in Ikeja, told […]