Reps dismiss petition against NPA MD, Bello-Koko
The House of Representatives, has dismissed a petition against the Managing Director/CEO, of the Nigeria Ports Authority NPA, Mohammed Bello-Koko. Business Hilights recall that a group, the Forum of Non-Governmental Organisations in Nigeria, had petitioned the House Committee on Public…
2023: Dangote Cement jumps shareholder’s dividend by 50%, to N30 per share
…sales from African subsidiaries rose by 12.7% Pursuant to the promise of Chairman, Dangote Cement, Aliko Dangote at the company’s 2022 Annual General Meeting (AGM), of an enhanced return on Investments to all the shareholders and other stakeholders in Dangote…
Nigeria to be self-reliant in defence equipments production soon—Minister
The Minister of Defence, Muhammed Badaru Abubakar, has said that the new Defence Industries Corporation of Nigeria (DICON) bill signed into law by President Bola Ahmed Tinubu would stimulate the economy thereby making Nigeria to be self-reliance in the manufacturing…
Decline in BUA Cement’s EPS due to rising COGS ex-depreciation
BUA Cement Plc (BUACEMENT) released its 2023FY audited financials 29 February, reporting an EPS of NGN2.05 (2022FY: NGN2.98). The significant decline in the company’s EPS was due to rising COGS ex-depreciation (+42.1% y/y) and OPEX ex-depreciation (+12.8% y/y) amid further…
MTN Nigeria reports loss per share of NGN6.38
MTN Nigeria Communications Plc (MTNN) released its 2023FY financials Friday, reporting a loss of NGN137.02 billion (vs PAT of NGN348.73 billion in 2022FY), resulting in a loss per share of NGN6.38 (2022FY EPS: NGN16.76). The dip in earnings was underpinned…
Udo Udoma to succeed Omiyi as Seplat Energy Chairman March 31st
Seplat Energy Plc has announced the appointment of Mr. Udoma Udo Udoma as the Company’s new Independent Non-Executive Chairman to succeed Mr. Basil Omiyi who will retire on March 31, 2024. Mr. Udoma’s appointment was approved after a unanimous vote…
Tinubu Flags Off Lagos red Line Train Operations
20 years after idealization as Governor, President Bola Ahmed Tinubu on Thursday commissioned the 37 Kilometer Lagos red line train project. The Red Line rail project is a 37 Kilometer North South rail route which will run from Agbado in…
FG Inaugurates NCDMB Council, Pledges to Grow Local Content Exploits
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri on Thursday in Abuja inaugurated the 4th Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). The NCDMB Governing Council is set up under the Nigerian Oil…
NNPC Ltd Calls for Collaborative War Room to Tackle Independent Producers
The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for deeper collaboration among upstream operators, especially independent producers, to find solutions to the challenges hindering the effective development of divested assets in the nation’s oil and gas industry. The…
FG Calls for submission of Research papers for ICEGOV2024
The Federal Government is planning to host a workshop at the 17th Edition of the International Conference on Theory and Practice of Electronic Governance (ICEGOV). This is to further support DPI’s effective design and implementation by the Federal Government. Interested…
