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Dangote Cement’s 2017 results show encouraging consolidation, grow profit by 43%

Dangote cement

Recently released 2017 operational performance of Dangote Cement Plc., has shown growth and consolidation on the 2016 progress as its revenue also grew by 31 per cent from N615.1bn in 2016 to N805.6bn while earnings per share rose to N11.65 compared to N8.78 at the previous year, indicating an increase of 32.7 per cent. Besides, the company posted a group ...

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Currency floatation to boost Morocco’s real estate market, says JLL

Earlier this year, the Moroccan Central Bank (Bank Al-Maghrib) introduced the gradual floatation of the Moroccan Dirham, providing more flexibility to real estate investors and paving the way for a more buoyant real estate market in the year ahead. However, from JLL’s Morocco 2018 report, the bank widened the official band within which the dirham may fluctuate to 5 percent, ...

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Dangote Academy grosses empowerment training in Nigeria, admits 700 engineers

Dangote A

Another indication that Africa’s leading industrialist, Aliko Dangote is deepening industrial productivity and creating a system of skills growth and continuity has emerged from the recent exploits of the Dangote Academy. Dangote Academy was established in 2010 to serve as the talent pipeline for the Dangote Group while filling the industrial skills gap in Nigeria. Since inception, the rare academy ...

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Delays in clearing cargoes at ports rising despite PEBEC’s intervention—NACIMMA

NACCIMMA meeting

The President of National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACIMMA), Mrs. Alaba Lawson, has decried the endless rise in costs of doing business at Nigerian ports despite the activities of the Presidential Enabling Business Environment Council (PEBEC). She said even though the action plan of PEBEC aimed at creating enabling environment and easy movement of goods ...

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NHIS to review tariff as some hospitals rip-off patients upon HMOs’ payment

Indications have emerged that the National Health Insurance Scheme (NHIS) is set to review capitation rates paid by the Health Maintenance Organisations (HMOs) to hospitals and other service providers approved for the programme. Already, some hospitals in Lagos are now in the secret habit of going at the back to collect more money from patients whose bills had been cleared ...

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‘Bill Gates presence at Dangote’s daughter’s wedding in Kano good for the economy’

Dangote and Gates

Though, Aliko Dangote, the Kano State-born continental industrial giant, gave out the hand of his daughter, Fatimah, in marriage to the Zamfara State-born Jamil at a very crowd-pulling event in Kano weekend, the attendance of the ceremony by leading US born global billionaire, Mr. Bill Gates has started eliciting reactions from development economists. According to Dr. Ken Igboanugo, “Gates presence ...

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Battle for the soul of ASC rages as NASS moves to amend privatisation law


Though the federal government has given a clear indication that it is not ready to change its mind in going ahead to re-privatize the moribund Ajaokuta Steel Complex (ASC) in Kogi State, it is yet to hire transaction adviser. But to tame the entire move by the executives, the House of Representatives has gone a step further in its opposition ...

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Lafarge deepens CSR in host communities, lifts living, education in Cross River

Lafarge spelling 2

Leading housing and construction solutions provider, Lafarge Africa Plc., has stepped up socio-economic standards in parts of Akamkpa Local Government Area of Cross River State, hosting one of its cement plants in Nigeria. The life changing infrastructures include renovation and handover of  three blocks of classrooms at Mfamosing Primary School in Mfamosing; a remodelled palace at the Akamkpa LGA, Clement ...

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Bottled, ‘pure’ water sachets contaminated with tiny plastic particles —New research

Bottled water

A new research conducted with samples from nine countries has shown that drinking of packaged water in either plastic bottles or cellophane bags (pure water) is contaminated with tiny plastic particles that are likely seeping in during the packaging process. Besides, a research earlier carried out here in Nigeria in 2012, showed that “Apart from the confirmed traces of plastic ...

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Confusion as IMF describes increase in excise duties on tobacco, alcohol too low

imf visit

Barely less than four days after the Federal Government announced a marginal increase in the excise duties being charged by the Federal Government on tobacco and alcohol, the International Monetary Fund (IMF), has described the hike as very low. Explaining more in its latest 2017 mission report, IMF averred that there was a need for Nigeria to raise the excise ...

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