21 Nigerian firms make FT 2022 Africa’s fastest growing ranking
Onome AmugeMay 11, 2022
BY ONOME AMUGE Twenty-one companies based in Nigeria, Africa’s largest economy by gross domestic product (GDP) and its most populous, have been listed in a ranking of a 75-strong group by the Financial Times (FT) as fastest growing companies in Africa. The rankings of Africa’s fastest growing companies marks the first time the UK’s most […]
ROAM Jobs rebirths as The African Talent Company expanding across African talents
Charles AbuedeMay 11, 2022
BY CHARLES ABUEDE ROAM Jobs, the African recruitment marketplace, has undertaken a rebrand of its identity by becoming the African Talent Company. Leveraging the backing of its shareholders, Swiss Ringier AG and Australian SEEK Limited, under its new name and structure, the company plans to harness more than a decade of experience and data insights […]
Inflation, FX, uncertainty still a concern to private sector growth
Charles AbuedeMay 11, 2022
BY CHARLES ABUEDE The performance of the private sector in Nigeria continues be attacked by the triple impacts of rising inflation rate, overall uncertainty and unfavourable exchange rate movements, a new Purchasing Managers’ Index (PMI) report by Stanbic IBTC and published by IHS Markit for the month of April has disclosed. The report highlights that […]
Dufil Prima to raise N30bn in twin series CPs from FMDQ platform
Charles AbuedeMay 10, 2022
BY CHARLES ABUEDE Dufil Prima Foods, a subsidiary of Tolaram group and consumer food manufacturer in Nigeria, is to raise N30 billion from the Nigerian debt market by quoting its N8 billion Series 5 and N22 billion Series 6 Commercial Papers (CPs) on the FMDQ OTC Securities Exchange. Dufil Prima Foods plc is a consumer […]
ID Africa CEO tasks PR practitioners on technology trends
Onome AmugeMay 10, 2022
BY ONOME AMUGE Femi Falodun, the chief executive officer of ID Africa, a pan-African media, reputation management and marketing communications company, has called on professionals in the public relations sector to study new trends and critically interrogate how emerging technologies like AI, cryptocurrencies, web3, metaverse and others can enhance or mar the human experience. Falodun […]
Unilever shareholders okay dividend as board presents 2021 turnaround financials
Onome AmugeMay 9, 2022
BY ONOME AMUGE Leading consumer goods manufacturer, Unilever Nigeria Plc, has declared a turnover of N70.5 billion for the financial year ended December 2021, even as the board assured shareholders of their commitment to good corporate governance to drive sustainability and efficiency across the company’s operations. Unilever’s results for the year under review reflects considerable […]
AFEX emerges Financial Times top commodities firm in Africa
Onome AmugeMay 3, 2022
BY ONOME AMUGE AFEX, Nigeria’s leading commodities market player, has emerged as Africa’s fastest growing agriculture and commodities company as well as the third fastest growing company in the continent in the Financial Times (FT) 2022 ranking of Africa’s best performing companies. The Financial Times first-ever Africa annual ranking, was organised in collaboration with Statista, […]
Seplat offers 2.5 cents in interim dividends on N8.3bn net profit
Charles AbuedeMay 2, 2022
BY CHARLES ABUEDE An offer by Seplat Energy of $2.5 cents in interim dividend and first-quarter revenues of N100.6 billion have helped to produce an overwhelmingly positive reaction from investors after the publication of the unaudited result on of the oil producer as the stock popped 9.09 percent against the 0.55 percent gain for the […]
Dairy producers canvass tax exemption for better local products
Onome AmugeMay 2, 2022
BY ONOME AMUGE Stakeholders in Nigeria’s dairy production sector have called for the implementation of relevant strategies, including a zero tax exemption policy, on dairy equipment to help develop the quality and quantity of local dairy products for Nigerian consumers. They made the demand during the recently concluded 2022 summit on National Livestock Transformation Plan […]
Flour Mills produces Nigeria’s first indigenous brown sugar
Onome AmugeMay 2, 2022
BY ONOME AMUGE The first indigenous brown sugar produced in Nigeria, Sunti Brown Sugar, has been introduced to the wider market in the country by Flour Mills of Nigeria (FMN). The country’s first wholly-produced brown sugar is manufactured under the company’s flagship food brand, Golden Penny. The leading integrated food business and agro-allied group said […]