Okomu Oil Q1 reflects surge in Crude Palm Oil price on revenue
OKOMUOIL’s impressive Q1-22 numbers reflected the positive effects of the surge in Crude Palm Oil (CPO) price on revenue, with key lines growing substantially in the quarter. For 2022FY, given that we see no respite to the Russia/Ukraine crisis and…
Metaverse to grow, diversify Public-Private Cooperation—WEF
The World Economic Forum is embarking on an ambitious new journey to harness the potential of the metaverse as a platform for collaborative, inclusive and effective international action. The Forum, in collaboration with Accenture and Microsoft, is building a Global…
2022 World Economic Forum to focus on impacts of COVID-19 pandemic
As part of the World Economic Forum Annual Meeting 2022, this year’s Open Forum Davos will focus on the impacts of the COVID-19 pandemic, the Russian invasion of Ukraine and the role of multilateralism for peace in Europe as well…
‘LADOL building world’s first Sustainable Industrial Economic Zone’
The Lagos Deep Offshore Logistics Base (LADOL), a privately owned logistics and engineering facility in the Port of Lagos, Nigeria, has continued to raise the bar in modern and digital logistics delivery in the nation’s maritime industry. Currently, LADOL is…
Strict UN 17 SDGs key to corporate Resilience, Profitability—Jadesimi
The Chief Executive of LADOL Free Zone, Dr. Amy Jadesimi has observed, that adhering to the United Nations 17 Sustainable Development Goals will enable African companies to become more resilient and profitable. She said the effort would also grant them…
Head of Service hails NITDA on Effective PMS Implementation
The Office of the Head of Civil Service of the Federation (OHCSF) has commended the National Information Technology Development Agency (NITDA) on its implementation of a seamless Performance Management System (PMS) in achieving its corporate objectives, and consequently gearing the…
Possible takes of MPC meeting next week
The Monetary Policy Committee (MPC) is expected to hold its third meeting of the year on the 23rd and 24th of May 2022. Suppose the evolution of events in the international and domestic scenes since the last policy meeting is…
NGX All-Share Index extends losses, falls 0.36%
As at Tuesday, 17 May 2022, Nigerian equities extended losses from the previous session as the All-Share Index closed 0.36% lower at 52,756.62 points, the lowest level since 11 May. The market’s weak performance was driven by losses in MTNN…
Dangote Cement rakes in N413.2bn, hits profit after tax of ₦105.9bn in Q1
In the first three months of the 2022 financial year, Dangote Cement has recorded a 24.2 percent increase in its revenue and an 18 percent increase in its profit after tax for the same period. Unaudited results for three months…
Breaking: AfDB President, Adesina thanks supporters, shuns presidential contest
Former Minister of Agriculture and current President of African Development Bank (AfDB), Dr. Akinwunmi Adesina, today, Tuesday, 17 May 2022, denounced any form of interest in joining Nigeria’s presidential contest, saying “I have been extremely humbled by several calls from…
