Cost pressures, EBITDA margin collapse, finance charges weaken DangCem
More facts have emerged from the recently published 9M-19 results of Dangote Cement showing serious steep decline in EPS of 21.2% y/y to NGN2.09 in Q319. The scenario seems to be driven by renewed cost pressures, EBITDA margin deterioration, and…
Prof Nwabueze raises salient issues on S’Court verdict
WHAT HAPPENED IN THE SUPREME COURT ON 30TH OCTOBER 2019 IS A FARCE, NOT A VALID HEARING AND DETERMINATION OF THE APPEAL LODGED BY FORMER VICE-PRESIDENT ATIKU AGAINST THE VICTORY OF PRESIDENT BUHARI IN THE 2019 PRESIDENTIAL ELECTION AS DECLARED…
Just in: Atiku’s official response to Supreme Court Judgement
Following the judgement of the Supreme Court on the appeal by PDP and its presidential candidate, Alhaji Atiku Abubakar on their rejection of the result of the 2019 Presidential election, Atiku has these to say: It is said that the…
2019 Lagos Int’l Trade fair begins today at TBS amidst closed border
The 2019 Lagos International Trade Fair (LITF), yearly put together by the Lagos Chamber of Commerce and Industry (LCCI), will kick off today at the Tafawa Balewa Square, Lagos Island, Lagos. The exhibition is been arranged and organised every year…
Heritage Bank committed to women empowerment—Sekibo
Managing Director, Heritage Bank, Mr. Ifie Sekibo, has said the financial giant will continue to lend support to causes that promote women empowerment so that their contributions to the national social-economic development will be impactful. Speaking at the ‘Raising Girls…
5 Nigerian startups, 36 others across Africa light up Web Summit in Lisbon
Starting next Monday, the world’s largest technology conference according to the Financial Times, will begin in Lisbon. This year the event has seen more participation from the African continent than ever before. From top speakers to startups set to compete…
Which exact company is repairing Nigeria’s moribund refineries?
Or better put, out of all the countries toured by both President Muhammadu Buhari and NNPC GMD, Mele Kyari, which one is the real investors coming to revive Nigeria’s refineries from? Analysts say this question has become pertinent considering the…
Keep off 3rd party insurance policies for vehicles, NCRIB warns VIOs
The leadership of the Nigerian Council of Registered Insurance Brokers (NCRIB) and Chief Executive Officer of CBO Insurance Brokers, Dr Bola Onigbogi, has called on Vehicle Inspection Officers (VIOs) across the states to stop issuing third party insurance policies for…
