UPDC grows PAT 20% to N2.65bn on real estate investment in 2018
Omobayo Azeez
October 10, 2019
By Omobayo Azeez UPDC Real Estate Investment Trust (UPDC REIT) has posted a better performance to end the 2018 financial year with its profit after tax (PAT) appreciating approximately by 20 per cent to peak N2.65 billion from N2.21 billion recorded in 2017. The company just filed in its audited full year financial report […]
FrieslandCampina WAMCO’s profit hits N16.3b despite low consumer spending
Businessam StaffJuly 4, 2019
FrieslandCampina WAMCO Nigeria Plc has recorded a turnover of N149.2bln signifying a 6 percent increase over 2017 with N140.1bln; while profit before income tax increased by 3% from N15.9 billion reported in the previous year to N16.3 billion. The result was announced at the company’s 46th yearly general meeting held in Lagos. The Shareholders approved […]
Why we won’t rush to sign African free trade agreement – Buhari
Businessam StaffJune 27, 2019
President Muhammadu Buhari on Thursday in Abuja received the report on the impact of the African Continental Free Trade Area. The African Union Heads of States had on March 21, 2018 adopted the phase I agreement on the AfCFTA at its 10th extraordinary summit in Kigali, Rwanda. President Buhari, however, observed the AfCFTA will have […]
StarTimes concludes Easter promotion, reiterates desire to offer more value to subscribers
Afolabi OluwaseunJune 2, 2019
StarTimes, leading pay-tv company, has announced the conclusion of its Easter promotion while reiterating its desire to offer even more value to its customers. The promo, which commenced on April 1st and lasted more than a month, gave customers the opportunity to pay for subscription package on Nova, Basic, Smart and Classic bouquets and get […]
Nestle Nigeria assures shareholders of good sustainable dividend yield, pays N38.50 final dividend
Afolabi OluwaseunMay 28, 2019
Mauricio Alarcon, the managing director and chief executive officer of Nestle Nigeria Plc., on Tuesday assured shareholders that the company would continue to churn out high dividends as the management has prioritised sustainable growth and profitability in its operations. He gave the assurance at the company’s 2019 and the 50th annual general meeting (AGM) held at the […]
VACTON urges expansion into petrochemicals, fertilizers
Businessam StaffMay 23, 2019
…as Nigeria taps only 10% potential A traders’ outfit, Value Chain Traders Organization of Nigeria (VACTION), has urged Nigeria to expand into establishing more petrochemical plants as a way to extend revenue takings rather than continued reliance on the age-old crude oil economy, which has also come with much pressure and hiccups. According to VACTON […]
CAC extends registration window for small businesses by 90 days
Businessam StaffMay 13, 2019
The Corporate Affairs Commission (CAC) has given micro, small and medium-scale enterprises (MSMEs), 90 extra days to register their business names at the reduced cost of N5,000. The CAC said the federal government has directed that the cost of registration for the categories of businesses be reduced by 50 per cent for the next three […]
Value chain manufacturers, exporters-importers body set to redefine business practices
Ben EguzozieMay 8, 2019
VACTON – Value Chain Traders Organisation of Nigeria (VACTION), is a new association of manufacturers, importers, exporters, traders and other related organisations in the country with a set goal to redefine manufacturing, export-import and trading business in the country. The aim is to rid corrupt practices from among business operators, said Ralph John, president of […]
KOTEX® launches its new range of sanitary pads and tampons brands into the Nigerian market
Chiamaka ObunadikeMay 4, 2019
By Chiamaka Obunadike A new range of sanitary pads and tampons by Kimberly-Clark, makers of world’s finest hygiene products, were officially launched into the Nigerian market on Friday 3rd of May 2019 at an event in Lagos. The event, which held at Oriental Hotel was attended by various dignitaries and celebrities. Raffaella De […]
FBN Holdings moves 2018 dividend qualification date forward
Adesola AfolabiApril 16, 2019
The board of FBN Holdings Plc has announced a change in the date of qualification date for the proposed payment of 2018 financial year dividend from April 22, 2019 to April 23, 2019. This was disclosed in a statement signed by Seye Kosoko, the company secretary and filed with the Nigerian Stock Exchange (NSE). Last […]