E-commerce is expensive business, but Konga planned for it – Ekeh
Chairman of Zinox Group, Dr. Leo Stan Ekeh, has said that though e-commerce is a big money business, Konga, Nigeria’s most innovative e-commerce giant, set out with clear plans to last the distance. He spoke with journalists on the sidelines…
Surinamese with 9.9kg cocaine in condoms gets 13 years in jail
… As NDLEA secures conviction of 1,445 drug traffickers in six months A 34-year-old South American man from Suriname, Dadda Lorenzo Harvy Albert, who was arrested by operatives of the National Drug Law Enforcement Agency, NDLEA, at the Port Harcourt…
Shelter Afrique seeks strong national data bureaus in Africa
Pan African housing development financier Shelter Afrique has advised African governments to strengthen their national statistics bureaus in terms of providing adequate funding to enable them capture important data for various sectors, including the housing sector. Shelter Afrique’s Managing Director…
Lafarge Africa reports standalone EPS growth of 3.2% y/y
Lafarge Africa Plc (LAFARGE) released its Q2-23 unaudited financials over the weekend, reporting a standalone EPS growth of 3.2% y/y to NGN1.27 in Q2-23 (Q2-22: NGN1.23), bringing the H1-23 EPS to NGN2.20 (H1-22: NGN2.23). The muted growth in EPS was…
Dangote Cement reports modest standalone EPS growth of 0.7% y/y
Dangote Cement Plc (DANGCEM) released its Q2-23 unaudited financials on Friday (28 July), reporting a modest standalone EPS growth of 0.7% y/y to NGN3.95 (Q2-22: NGN3.92), bringing the H1-23 EPS to NGN10.39 (H1-22: NGN10.10). The EPS growth was inhibited by…
BUA Cement reports standalone EPS of NGN1.09 in Q2-23
BUA Cement Plc (BUACEMENT) released its Q2-23 unaudited financials on Friday (28 July), reporting a standalone EPS of NGN1.09 in Q2-23 (Q2-22: NGN0.83), bringing the H1-23 EPS to NGN1.88 (H1-22: NGN1.81). The growth in EPS is attributable to the higher…
Dangote Sugar reports standalone loss per share of NGN3.36
Dangote Sugar Refinery Plc (DANGSUGAR) released its Q2-22 unaudited financials yesterday, in which the company reported a standalone loss per share of NGN3.36 (vs EPS of NGN0.94 in Q2-22), resulting in a loss per share of NGN2.30 for H1-23 (vs…
Guinness Nigeria Plc reports loss per share of NGN8.29
Guinness Nigeria Plc (GUINNESS) published its 2023FY audited results after market close yesterday (27 July), reporting a loss per share of NGN8.29 (vs EPS of NGN7.15 in 2022FY). The negative outturn in earnings resulted from higher net finance charges. GUINNESS…
Three Vietnamese, Guinean jailed for wildlife trafficking in Nigeria
On Wednesday 19 July, the trial of three Vietnamese and one Guinean national accused of trafficking 7.1 tonnes of pangolin scales and 850 kgs of ivory concluded in Nigeria with the conviction of the four accused. The judge of the…
NDLEA arrests drug lord while giving mule 93 cocaine wraps in hotel
It was a rude shock to a notorious drug kingpin who specializes in sponsoring young Nigerians to traffic Class A drugs to Europe especially Italy, when operatives of the National Drug Law Enforcement Agency, NDLEA, stormed his hotel room in…
