NIMASA boss bags Maritime Public Sector Icon 2021
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has been named winner of the Vanguard Public Sector Icon, Maritime, 2021. The Editor of Vanguard Newspapers, Mr. Eze Anaba who announced this while presenting…
MTN Nigeria, PAU lift journalists with Media Innovation Programme (MIP)
MTN Nigeria and Pan-Atlantic University (PAU) Wednesday unveiled a new certificate programme targeting media executives to retrain journalists on the job on a scholarship basis. The programme, named MTN Media Innovation Programme (MTN MIP), will be run by PAU’s School…
GTCO records a growth in the gross earnings, but…
GTCO released Q1-2022 earnings after the close of trading earlier this week (26th of April), which showed that the bank recorded a growth in the gross earnings, however, the trickle-down to the bottom-line was pressured by a significant increase in…
After acquisition, Musk promises to reduce censorship on Twitter platform.
No doubt, with the $44bn buy-over, Elon Musk is now Twitter’s largest individual shareholder, after he recently acquired a 9.2% stake in the company, amounting to roughly 73 million shares. In a letter to Twitter, Musk states Twitter is “the…
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…
Lagos leads in Africa’s Investment Destination for Digital Infrastructure—Okpeke
This recognition of the leading role Lagos is playing in driving investment was highlighted during a panel hosted by Digital Infra Africa where industry experts deliberated on the impact of growing investment by global players in data centers on the…
Why the hatred on Peter Obi by even his kinsmen?
By Mazi Chinedu Okpareke Why are South Eastern Governors not even granting Peter Obi audience, even if they end up not supporting him? Peter Obi is EASILY the best candidate so far that has declared their intentions. If the Presidency…
Those Illegal Refineries in Imo/Rivers States & Consequences of Illegality
By Fred Chukwuelobe Over 150 lives lost. Properties destroyed. People’s livelihood shattered. Yet, the nation is not mourning. The people are tired of mourning. Lives have become so cheap. Nobody cares anymore. What we care about now is who becomes…
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…
