Tag: Asset

SPDC’s Host Community Threatens $5bn Lawsuit Over  Asset Sale
March 23, 2025 No Responses

SPDC’s Host Community Threatens $5bn Lawsuit Over  Asset Sale

One of the landlords to Shell Petroleum Development Company of Nigeria (SPDC) in Bonny, Rivers State, Se-Alabo Dan-Jumbo, has accused the oil giant of “illegally’ divesting its assets without the consent of its host communities, and threatened a $5 billion...
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FBN Holdings Declares N89.7b Profit, N7.7tri Total Assets For 2020
April 2, 2021 No Responses

FBN Holdings Declares N89.7b Profit, N7.7tri Total Assets For 2020

By Moses Ebosele, ebosele@hotmail.com  — For the financial year ended December 31, 2020, FBN Holdings Plc has announced a profit of N89.7 billion, indicating an increase of 21.8 per cent.    In its 2020 audited result, FBN Holdings explained on ...
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Fidelity Bank Declares N20.3b Profit In Q3
November 4, 2020 No Responses

Fidelity Bank Declares N20.3b Profit In Q3

For the 2020 Third Quarter (Q3), Fidelity Bank Plc presented its results to the Nigerian Stock Exchange (NSE).    Details of the results show improvements in key indices though Gross Earnings dropped marginally by 3.7% from N161.1bn in 2019 to N...
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UK Firm Gets Court Order To Seize $9b Nigerian Assets
August 17, 2019 No Responses

UK Firm Gets Court Order To Seize $9b Nigerian Assets

A British judge has ordered the Nigerian government to pay $9bn in assets to a gas firm, P&ID. The firm, P&ID, had reached a deal with the Nigerian government in 2010 to build a natural gas plant – but the...
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SAHCO Records N6.2b Revenue, N23.1b Assets In 2018
July 11, 2019 No Responses

SAHCO Records N6.2b Revenue, N23.1b Assets In 2018

For the year ended December 2018, Skyway Aviation Handling Company Plc (SAHCO) generated N6.2billion revenue, 23.2 per cent higher than 4.9billion recorded in 2017. In its 2018 financial statement sent to the Nigeria Stock Exchange (NSE) on Wednesday, the comp...
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