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…
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…
Nigeria’s headline inflation jumps by 90bps in April to 16.82% y/y
Nigeria’s headline inflation rose by 90bps in April to 16.82% y/y (March: 15.92% y/y) – the highest since August 2021 (17.01% y/y). The outturn is 16bps higher than Cordros’ estimate (16.66% y/y) and 42bps higher than Bloomberg’s median consensus estimate…
Angolan Govt., Mitrelli Group Inaugurate Mega-Project to House 20,000 People
The community and housing project, Centralidade do Halavala, located in the municipality of Bailundo, Huambo Province was inaugurated on Friday (May 13th), in the presence of His Excellency, the President of Angola, João Lourenço, senior government figures, and a leading…
Business Mogul, Adenuga, others, clinch National Productivity Awards
The Chairman, Mike Adenuga Group, Dr. Mike Adenuga, on Thursday added the National Productivity Order of Merit Award to his long list of awards. President Muhammadu Buhari who conferred the award on the Globacom Chairman disclosed that it was in…
AfCFTA remains best development opportunity for Africa—NCDMB Boss
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote, has stated that African countries must leverage on the robust platform and opportunities presented by the African Continental Free Trade Area (AfCFTA) agreement, which according…
Dangote Cement empowers local communities on Alternative Fuel Project value chain
As a business continually driving values for its stakeholders, Dangote Cement is to empower stakeholders in the value chain of Palm Kernel Shell (PKS) supply as part of its strategies to shore up and sustain its availability as a waste…
ABCHEALTH, UNAIDS sign MOU for Improved Healthcare industry in Africa
The Joint United Nations Programme on HIV/AIDS (UNAIDS) and the African Business Coalition for Health (ABCHealth) have signed a Memorandum of Understanding (MoU) to partner on joint initiatives that will improve access to quality healthcare across Africa. The MoU was…
Q1: Dangote Cement ramps-up production at Okpella plant
…as earnings per share hit ₦6.18 Continental cement giant, Dangote Cement, has ramped up production at its newest plant, in Okpella Edo State even as its earnings per share rose by 16.8 percent to N6.18 in the three months ended…
