(Special Report) Hidden Impacts of Industrial Livestock Production Systems in Africa
As the Nigerian Government plans to revive livestock business, fresh research findings released by World Animal Protection has laid bare the most damaging human health impacts linked to industrial livestock production systems, including emergence of Antimicrobial Resistance (AMR), increased zoonotic…
NASCON published its Q1-22 unaudited financials this morning, reporting a 46.8% y/y decline in EPS to NGN0.58 (Q1-21: NGN1.09), following elevated cost pressures evidenced by the surge in cost of sales (+ 62.3% y/y). Notably, analyst highlight that computation of NASCON’s EPS printed NGN0.15 in Q1-22 (Q1-21: NGN0.27).
Revenue grew by 29.1% y/y in Q1-22. Although we are yet to get details on what drove revenue growth, we believe the higher sales recorded in the period were supported by price increases instituted in the company’s salt products. Across…
Lafarge delivers an impressive PAT growth of 92.2% y/y
Lafarge published Q1-22 unaudited financials last week Thursday (March 21), which showed that the company delivered an impressive PAT growth of 92.2% y/y while EPS printed NGN1.09/share (+92.2% y/y). The strong growth in earnings was underpinned by the combined impact…
Unilever leveraged on improvements across key lines, expansion in margins
UNILEVER published its Q1-22 unaudited results on Friday (22 April), reporting EPS of NGN0.31 (vs loss per share of NGN0.09 in Q1-21). The positive outturn in EPS was underpinned by improvements across its key lines and expansion in margins. Q1-22…
BUA Cement PAT expanded by 48.2% y/y to NGN33.14bn
BUA Cement published Q1-22 unaudited financials last week Friday (April 22), which showed that PAT expanded by 48.2% y/y to NGN33.14 billion while EPS settled at NGN0.98 (+48.2% y/y). The growth in EPS was due to the double-digit topline growth…
Nigeria far more productive in the 1980s than today—Report
A new report on productivity in Nigeria has shown that the country was more productive during the 1980s than now. The report averred that in the 1980s the key reasons for economic growth were as follows: We were a net…
Dangote Cement preaches environmental sanity on Mother Earth Day
At a time the global business community is celebrating the United Nations International Mother Earth Day, leading Cement manufacturer in Africa, Dangote Cement Plc has reiterated its commitment to protecting the earth through efforts aimed at mitigating environmental degradation. Speaking…
Buhari enjoins Nigerians in business to emulate Dangote’s business intelligence
President Muhammadu Buhari on Friday, April 22, 2022, in Abuja lauded the entrepreneurial spirit and doggedness of the President of Dangote Industries Limited (DIL), Aliko Dangote and urged Nigerians in business to emulate this iconic figure, to enable the country…
Commonwealth Education Awards 2022 – Shortlist announced
Twenty educators and projects have made the 2022 Commonwealth Education Awards shortlist for their positive impact on students, teachers, and education systems across the Commonwealth. Six finalists will be announced at the Commonwealth Education Ministers meeting in Nairobi. — LONDON,…
Commercial services brands in slow recovery from COVID-19 pandemic
The world’s largest commercial services brands are beginning to recover from the COVID-19 pandemic – but four of the top five most valuable commercial services brands have not yet recovered to pre-pandemic value, according to a new report from Brand…
