Banana Island, Nigeria’s Most Exclusive Estate Where Richest Nigerians Live
Who are you here to see?” Even though I expected the question, it still feels off guard. I convinced the security guards at the main gate that I have been invited and after a call to the person I am…
Petronella drags INNOSON to FCCPC for delivering substandard cars
A company named Petronella (Nig) Limited has sued INNOSON Vehicle Manufacturing (IVM) Company owned by Chief Innocent Chukwuma to the Federal Competition and Consumer Protection Commission (FCCPC) over failure to deliver all twelve vehicles paid for with manufacturing specifications. The…
Dangote emerges as Vanguard’s personality of the year
The Management of Vanguard Newspapers over the weekend bestowed the honour of “Personality of the Year” on the President of Dangote Group, Aliko Dangote. The Newspaper rolled out red carpet in celebration of men and women who have distinguished themselves…
Herdsmen, not imported goods killing local agro production – Dev. Economist
A development economist, Dr. Ken Igboanugo has countered the Special Adviser to the President Muhammadu Buhari on Media and Publicity, Femi Adesina for claiming that quest for imported goods is killing local agricultural production. In an interview, Dr Igboanugo averred…
Guinness report 73.3% y/y decline in Q2-23 standalone EPS
GUINNESS Nigeria Plc published its Q2-23 (H1-23) unaudited results Thursday, January 26, 2023, reporting a 73.3% y/y decline in Q2-23 standalone EPS to NGN0.58 (Q2-22: NGN2.18). Thus, H1-23 EPS settled lower at NGN1.84 (H1-22: NGN4.03). The negative surprise in EPS…
Nigeria: Fulani Herdsmen may derail $538m agric fund by AfDB, others
Whereas President Muhammadu Buhari, yesterday, Wednesday, January 25 in Senegal, lauded the provision of $538.05m by the African Development Bank (AfDB), the Islamic Development Bank, and the International Fund for Agricultural Development for the first phase of the Special Agro-Industrial…
Unilever reports growth in earnings powered by expansion in gross margin
Unilever Nigeria Plc (UNILEVER) published its Q4-22 unaudited results Tuesday, reporting a standalone EPS of NGN1.10 (vs EPS of NGN0.68 in Q4-21), bringing 2022FY EPS to NGN1.04 (2021FY EPS: NGN0.59). The growth in earnings was due to the expansion in…
Dangote unveils Fire Hydrant System in Apapa Port office
The Group Managing Director, of Dangote Industries Limited, Olakunle Alake, weekend commissioned the “Terminal ‘E’ Fire Hydrant System” of the Greenview Development Nigeria Limited (GDNL), a subsidiary of Dangote Industries Limited. The event took place in Apapa, Lagos.
Ecosystem: Dangote Cement donates 25,000 waste management bags
Plant Director, Dangote Cement Ibese Plant, Mr. Azad Nawabuddin (middle) presents the bags to the CEO, Niels Deck Nig. Limited, Mr. Daniel Akpan (second left) with the participation of the Technical Assistant to the Plant Director and Head, Alternative Fuel,…
ARB 2023: Nigeria leads other 18 economies on cyber, business, energy crisis
It is both stability and change in the Allianz Risk Barometer 2023. Cyber incidents and Business interruption rank as the biggest company concerns for the second year in succession (both with 34% of all responses). However, it is Macroeconomic developments…
