R.T Briscoe confirms Sunday Nwosu as Chairman, appoints new company secretary.

R.T. Briscoe Nigeria Plc has confirmed the appointment of Sir Sunday Nnamdi Nwosu as substantive chairman of the company, with immediate effect.

In a statement filed with the Nigerian Exchange Limited (NGX), the firm revealed that the decision to confirm his appointment was taken during the recently concluded Board meeting of the company, held on the 26th of August, 2021.

The confirmation comes four (4) years after he was first appointed to the Board as an Acting Chairman on April 27, 2017. Confirming the recent development, the firm in a notice said: ‘At the meeting of the Board of R.T. Briscoe (Nigeria) PLC (“the Company”) held on August 26, 2021, the Board, appointed Sir Sunday Nnamdi Nwosu who had previously served in acting capacity, as the Chairman of the Company with immediate effect. Sir Sunday Nnamdi Nwosu, Kss, GCOA, MIoD was appointed to the Board of R.T. Briscoe on March 27, 2014, and as acting Chairman on April 27, 2017.’’

In a similar development, the firm in a separate disclosure announced the appointment of Mr Michael Olabode as an acting Secretary of the Company. Mr Michael was appointed to replace the outgoing Secretary, Mr Olukayode Adeoluwa who recently announced his retirement from the firm, effective from the 31st of August, 2021.

Mr. Michael Olabode holds bachelor and masters’ degrees in law from the Obafemi Awolowo University, Ile-Ife and the Lagos State University, Ojo respectively. He is an Associate Member of the Chartered Institute of Arbitrators of Nigeria and had worked in private legal practice and some real estate companies before joining the Company in 2009 as Manager, Legal Services. He was appointed the Legal Adviser in 2012.


R.T Briscoe Nigeria Plc reports a loss of N498.5 million in Q1 2021.

R.T Briscoe Nigeria Plc released its unaudited financial results for the first quarter of the Year (Q1, 2021) ended 31st of March, 2021.

  • Revenue for the period was N1.13 billion. (-19% YoY)
  • Cost of sales was N826.17 million (-25% YoY)
  • Administrative expenses of N291.1 million. (+15% YoY)
  • Loss for the period was N498.5 million.
  • Loss per share of -42 kobo Vs -21 kobo YoY.

See link to results.

RT Briscoe Nigeria Plc reports a loss of N760.9 million in FY 2020.

RT Briscoe Nigeria Plc released its audited financial results for the year ended 31st of December, 2020.

  • Revenue for the year was N6.5 billion. (-6.6% YoY)
  • Cost of sales was N5.14 billion. (-2.8% YoY)
  • Administrative expenses totalled N1.23 billion. (-3.02% YoY)
  • Operating profit was N537.27 million. (+176% YoY)
  • Loss for the year was N760.9 million.
  • Loss per share from continuing operations of –N0.93 Vs -N1.06 YoY.
  • No dividend was declared.

See link to results.