NIMASA, NITT Sela MoU On Research and Training
The Nigerian Maritime Administration and Safety Agency (NIMASA) has signed a Memorandum of Understanding (MoU) with the National Institute of Transport Technology (NITT), Zaria, on research and training towards enhancing maritime safety and security in Nigeria. The Director General NIMASA,…
Innoson Motors hiding the truth on deal with Imo State—IMSG
The Imo State Government has described as distasteful and cheap blackmail, the claim by Innoson Motors that the State is owing the company N2.5 billion being cost of the vehicles it supplied some months ago. The Imo State Government insists…
AMCON returns Standard Shoe Company Limited to Imo State Govt
Governor Hope Uzodimma on Friday recorded another feat in his administration as the Assets Management Company of Nigeria (AMCON) returned to Imo State Government the Certificate of Occupancy (C of O) of Standard Shoe Company Limited, Owerri which it seized…
Chevron decries circulation of false recruitment information
Chevron Nigeria Limited (“CNL”), operator of the Nigeria National Petroleum Corporation (NNPC)/CNL Joint Venture, is aware of the circulation of false recruitment information posted in several media and online channels by unscrupulous persons and organizations in the name of CNL…
NITDA DG Highlights Start-up Bill at GAT Summit 2022
As key players within the African Tech Ecosystem engage with government policy decision-makers and regulators on the prospects of regulating for the future in order to provide solutions for smart governance, the Director-General of the Information Technology Development Agency (NITDA),…
BUA Cement: King in the North
In this report, analysts at Coronation Assets Management discussed the investment case for BUA Cement. Following its acquisition of Cement Company of Northern Nigeria (CCNN), Kalambaina and Obu Cement in 2009 and their eventual consolidation in 2020, the creation of…
Nigerian Breweries Plc results show standalone EPS of NGN0.64
Nigerian Breweries Plc (NB) published its Q2-22 unaudited financials last week, reporting a standalone EPS of NGN0.64 (Q2-21: NGN0.01), bringing H1-22 EPS to NGN2.32 (H1-21: NGN0.96). The EPS growth was supported by the sturdy topline growth (+31.0% y/y) recorded in…
Guinness Nigeria Plc Q4-22 shows standalone EPS of NGN0.17
Guinness Nigeria Plc published its 2022FY audited results after market last week, delivering a Q4-22 standalone EPS of NGN0.17 (vs Loss per Share of NGN0.27 in Q4-21). For 2022FY, the EPS came in at NGN7.15 (+1146.8% y/y). The company’s achieved…
FBNH H1-22 records growth in top, bottom-lines
FBNH released its H1-22 financial report this morning (29 July 2022), which showed that the Holdco recorded growth in its top and bottom-lines. The performance was supported by the growth recorded in core income as a combination of increased risk…
