Portland Paints targets rights issue to raise additional capital

Portland Paints targets rights issue to raise additional capital

Portland Paints and Products Nigeria Plc (PPPNP) has said it will be embarking on rights issue to raise additional capital in pursuit of its plan to improve returns and address the high leverage position of the company and other business expansion plans. The company further noted it will focus on innovation and seek opportunities to introduce new products into its array of brands as it pursues increased profitability for its stakeholders.
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69 burnt to death in  Onitsha petrol tanker accident

69 burnt to death in Onitsha petrol tanker accident

No fewer than 69 persons burnt to death Sunday evening when a trailer loaded with Premium Motor Spirit otherwise known as petrol that was descending from Army barracks side of Onitsha Enugu express way lost control and rammed into the Asaba Motor Park at Upper Iwekas Onitsha and exploded.

Kanu: Flying Eagles ‘ll do us proud

Kanu: Flying Eagles ‘ll do us proud

Former Super Eagles captain Nwankwo Kanu says the Flying Eagles will do the country proud in the ongoing FIFA U-20 World Cup in New Zealand and has urged Nigerians not to panic. Kanu said having followed the team right from their U17 days, he was sure they will make Nigerians smile. “This is a very […]