Minister lauds Dangote Cement in promoting best practices, diversification
The Federal Government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication to promotion of best practices in all its operations. The commendation came even…
Presco Plc reports a standalone EPS of NGN6.95
Presco Plc (PRESCO) published its Q4-23 unaudited financials yesterday (30 January), reporting a standalone EPS of NGN6.95 (vs loss per share of NGN2.85 in Q4-22), underpinned by impressive revenue growth (+20.4% y/y), a decline in operating expenses (-35.9% y/y) and…
Relocation of CBN Depts., FAAN to drive efficiency—FG
The Federal Government has said that the relocation of the headquarters of the Federal Airports Authority of Nigeria (FAAN), and some departments of the Central Bank of Nigeria (CBN) will increase operational efficiency and reduce operating costs. In a statement,…
FMN grosses revenue growth to 51.1% y/y
Flour Mills of Nigeria Plc (FLOURMILL) published its Q3-24 unaudited result after market close on Friday (26 January), reporting standalone EPS of NGN2.65 (Q3-23: NGN0.90) underpinned by solid revenue growth of 51.1% y/y. Meanwhile, the 9M-24 EPS settled at NGN0.22…
FG begins investigation on Chief of Naval Staff over oil thieves’ saga
The federal government has ordered an investigation into allegations of corruption against the Chief of Naval Staff, Vice Admiral Emmanuel Ogalla. Ogalla is accused of providing security for oil thieves and receiving huge sums in return against the federal government’s…
Business operators hail stakeholders for restoring electricity in complex
Finally public power supply has been restored at the Lagos International Trade Fair complex, Badagry Expressway after years of suffering. Speaking to Business Hilights in an exclusive interview in his office on Monday, the Chairman of Stakeholders who doubles as…
Adeniyi rolls out Strategies for Meeting 2024 Revenue Target at RMFC
The Nigeria Customs Service (NSC) has briefed the Revenue Mobilisation and Fiscal Commission (RMFC) on its various activities, procedures, and measures aimed at increasing revenue generation, fiscal efficiency, and blocking revenue leakages. Comptroller-General of Customs (CGC) Bashir Adewale Adeniyi MFR…
Dangote Cement fetes distributors at Awards night in Lagos
In keeping with its corporate strategy in rewarding continued loyalty, the management of Dangote Cement Plc, at the weekend rolled out the drums to celebrate its teeming distributors across the country. The funfair and celebration were in appreciation of its…
Dangote Cement fetes distributors at Awards night in Lagos
In keeping with its corporate strategy in rewarding continued loyalty, the management of Dangote Cement Plc, at the weekend rolled out the drums to celebrate its teeming distributors across the country. The funfair and celebration were in appreciation of its…
How India invested $27bn in 40 years in Nigeria
The Indian High Commissioner to Nigeria, Gangadharan Balasubramanian, has revealed that approximately 150 Indian companies have invested more than US$27 billion in Nigeria over the last four decades. Balasubramanian disclosed his address at the 75th Republic Day of India anniversary…
