Dangote Cement posts resilient performance in first half 2021
Africa’s largest cement producer, Dangote Cement has announced resilient results for the six months ended 30th June 2021as Group sales volumes hit 15.3Mt.According to the company’s unaudited results for the period under review, Nigerian operations accounted for a sales volume…
Dangote Sugar’s 2021 first half records strong growth
Dangote Sugar Refinery recorded strong improvements in performance indices in half year ended June 30, 2021, as group revenue increased by 27.8percent to N131.95 billion in contrast to N103.23 billion recorded at the same period in the preceding year. According…
Dangote Cement’s Q2-21 standalone PAT rose by 55.5% y/y to N101.92bn
DANGCEM published Q2-21 audited financials weekend. The result showed that the company delivered another stellar performance following the solid earnings reported in Q1-21. Q2-21 standalone PAT rose by 55.5% y/y to NGN101.92 billion while EPS grew by 53.9% y/y to…
Lafarge WAPCO’s standalone PAT grew by 25.7% y/y to N19.19bn
WAPCO published Q2-21 unaudited financials yesterday. Q2-21 standalone PAT grew by 25.7% y/y to NGN19.19 billion while EPS settled at NGN1.19/share, bringing H1-21 EPS to NGN1.76/share (+21.4% y/y). The double-digit growth in PAT was driven by a combination of topline…
Obi Cubana Speaks on his success, community philanthropy
Actually, there had been massive criticism on the Oba Anambra State born billionaire, Chief Obinna Iyiegbu, aka Obi Cubana following the lavish display of wealth during the funeral activities of his mother. However, he spoke on what he has done…
Dangote Cement set to commission $1bn factory in Edo
All is set for the commissioning of Dangote Cement’s six million metric tonnes per annum factory with an estimated cost of $1bn in Okpella, Edo State. According to a statement from the company, the plant, sitting on 1000-hectare land is…
CNN’s Connecting Africa explores business leadership across the continent
In the latest episode of Connecting Africa, CNN International’s Eleni Giokos looks at business leadership in Africa, meeting leaders from across the continent. Giokos presents the show from the site of Expo 2020 in Dubai, where Africa will be very…
Innoson Unveils Two Manufacturing Plants, Robotic Spraying Booth
Innoson Manufacturing Company has unveiled two plants and an Automated Robotic Spraying Booth. The plants include the Innoson Small/Mini Bus Plant for manufacturing 1.5-liter engine capacity 7-seater and 10-seater buses, and the Innocent Connect/Caris Plant for the production of sedan…
Other states may go for their N6.25bn to begin ranching like President’s State
Following last week’s approval of N6.25billion to set up ranches in Katsina State by their son, President Muhammadu Buhari, strong indication emerged weekend that other 35 states and the FCT may step up demand for their own ranching fund. Recall…
Just in: Dangote, Nigeria Army refute report on killing protesting staff in Adamawa
The attention of Headquarters 23 Brigade Nigerian Army has been drawn to a mischievous Sahara Reporters story alleging soldiers opened fire on protesting staff of Dangote Sugar Company at Gyawana district under Lafiya Lamurde Local Government Area of Adamawa state….
