Dangote Cement sees Q3 revenue rise 34.2% as 9-months’ in at N761.4bn
Charles AbuedeNovember 11, 2020
By Charles Abuede PAT = N208.68bn Dangote Cement Plc, a subsidiary of the Dangote Group and the largest cement manufacturer in Africa, has reported a 34.2 per cent year-on-year growth in its revenue to N284.59 billion for the three months ended September 2020 from N212.06 billion recorded during the same period in 2019, […]
Coumantaros, Flours Mills chief, canvasses adequate infrastructure, policy consistency for economic growth
Hamid AyodejiNovember 11, 2020
By Hamid Ayodeji John Coumantaros, one of Nigeria’s biggest industrialists and investors, and chairman of Flour Mills of Nigeria, has said that adequate infrastructural development and enforcement of prosperous policies and regulations by the Nigerian government are crucial for the sustainable development of the agricultural sector, and the economy as a whole,as they make […]
P+ Measurement gets praises as it marks 5 years of operation in Nigeria
Zainab IwayemiNovember 10, 2020
By Zainab Iwayemi P+, anagency with expertise in media monitoring, public relations measurement and audit, has marked five years of operation in Nigeria, with two senior corporate executives praising its work, according to a statement made available to Business A.M. In its five years of operation, the agency said it has earned a position […]
Analysts see subdued market reactions to Fidelity Bank shares as Q3 PBT come in at N9.4bn
Charles AbuedeNovember 5, 2020
By Charles Abuede But shares outperformed NSE-ASI to rally at +19% return on the index Customers deposit grew 7% Q/Q Following a third quarter earnings decline analysts at FBN Quest Capital Research say they expect to see a subdued reaction from the market to the shares of Fidelity Bank, even while noting that […]
Sahara Energy Geneva appoints Mignot as CFO to drive growth strategy
Zainab IwayemiNovember 5, 2020
By Zainab Iwayemi Sahara Energy Geneva, a leading international energy and infrastructure conglomerate with business operations in over 42 countries, has appointed Nicholas Mignot as the new chief financial officer to oversee the growth and expansion of the company’s strategies globally. The appointment, which is to take effect from January 4 2021, is expected […]
Nigerian firms list obstacles to business activities, optimistic of positive macro economy – CBN Report
Charles AbuedeNovember 4, 2020
By Charles Abuede Expect naira to appreciate in next 2 to 6 months Inflation to rise negatively in next 6 to 12 months Interest rates to rise in next 2 and 6 months Nigerian firms have expressed optimism over the macro economy of country for the remaining period of 2020 despite the difficult economic […]
Covid-19 hammers Ikeja Hotels with N1.4bn post tax loss, Q3 financials show
Charles AbuedeNovember 4, 2020
By Charles Abuede Loss to affect year-end dividends declaration Legal tussle with Lagos State could cost N4.63bn Ikeja Hotel Plc, the hospitality company listed on The Nigerian Stock Exchange (NSE), has informed its shareholders that the effects brought about by the pandemic will likely affect dividend declaration for the year ended December 31, […]
BUA Cement Q3 ’20 revenue surges 21% to N156.6bn
Charles AbuedeNovember 4, 2020
By Charles Abuede PAT rose 24% to N53.57 billion; EPS rises to N1.58k Increased push to ‘new markets’ aided by a growing customer followership BUA Cement, a member company of the conglomerate, BUA Group, and one of the largest cement manufacturers in Africa, has announced a 21 per cent increase in its Q3 revenue […]
CBN unfolds procedures for disbursement of N75bn Youth Initiative Fund
Charles AbuedeOctober 29, 2020
Charles Abuede The Central Bank of Nigeria (CBN) has released the framework for the implementation of the Nigerian Youth Investment Fund (NYIF) which will see the disbursement of N75 billion targeted at empowering Nigerian youths financially in a bid to generate five hundred thousand jobs between 2020 and 2023 under the Nigerian Youth Employment Action […]
Nigeria’s universities regulator says country not ready for 100% e-Learning
Saviour AdugbaOctober 29, 2020
The Nigeria University Commission (NUC) has stated that the country is not yet ready for 100 per cent e-learning. Instead, it has called for the country to embrace a blended approach, adding that it is concerned about integrity issues around e-learning in Nigeria. Suleiman Ramon-Yusuf, a deputy executive secretary of the commission offered this position […]