The bureau explained that revenue generated by the DisCos rose by 20.81 percent despite a drop of 1.74 percent in supply. Plc said there are plans to implement an upward review in the prices of some products in its stock-keeping units to “mitigate the impact of the rising cost of input”.In a memo to customers, the company said the price adjustments would take effect from Thursday, August 10, 2023.
GSK Nigeria announced the development in a statement sent to the Nigeria Exchange Limited on Thursday and signed by Frederick Ichekwai, the company secretary. The company said it is working with its advisers to agree on the next steps and plans to submit a scheme of arrangement to the Securities and Exchange Commission , which if approved, will see it return cash to shareholders except its parent company, GSK UK.