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…
Dangote Cement Bags Environmental Sustainability Award
Leading cement solutions provider, Dangote Cement Plc has emerged winner of the 2023 NatureNews Environmental Sustainability Award. The award was conferred on the company Tuesday at the 3rd Anniversary Lecture of NatureNews and Presentation of the Hero of Environmental Actions…
Music Stakeholders Adopt ‘Nigerian Music Industry Collective’
The 2nd Emergency Meeting of the Nigerian Music Industry with the theme, ‘Identification of Internal and External Regulatory Mechanisms to Smoothen the Working Relationship among Various Stakeholders and Subgroups in the Music Industry,’ took place on Monday 12 February 2024,…
Konga Travels and Tours Deepen Services with Coronation Insurance Plc
In an effort to offer comprehensive travel insurance packages to Nigerians, Konga Travel and Tours, the leading travel service provider in Nigeria, has announced a strategic partnership with Coronation Insurance Plc, Africa’s top-tier insurance company. This collaboration aims to enhance…
Hardship: LASG cuts off 25% fares, directs workers to come trice weekly
Mr. Babajide Sanwo-Olu of Lagos State has proposed a 25% discount on rates for government-owned transportation programmes. The governor also announced that civil servants from levels 1-14 will begin working three days a week as part of steps to alleviate…
WINBAFRICA To Empower Women, Scholarship for Girl-Child in Africa
In its 10th year of dedicating and promoting girl-child education and empowering women and young girls in critical thinking and leadership skills in secondary schools across Africa, African Women Foundation for Nation Building, WINBAFRICA, is set for this year’s edition…
WEF to Advance Improved Trade via Technology at MC13
The World Economic Forum will convene 300 ministers, business leaders, trade leaders and experts, as well as civil society, to examine the use of cutting-edge technologies in trade. The TradeTech Forum 2024 is the first-of-its-kind dedicated gathering on technologies for…
FG voids self on not setting up Price Control Board as it pegs cement price
Less than one week after the President Bola Tinubu announced that his government will not support setting up of Price Control Board for commodities, the same administration and major cement manufacturers have pegged the price of 50kg bag of cement…
NAGAFF Founder Warns Forwarders Against False Declarations
Leading voice in Nigeria’s Maritime industry and founder of NAGAFF, Dr. Boniface Aniebonam has once again, warned Nigerian Freight forwarders and mainly his followers that “It is unfortunately disheartening that most freight forwarders have continued to inflict upon their principals…
Dangote Cement Trucks Wrongfully Intercepted In Adamawa
The management of Dangote Cement Plc has stated that two of its trucks that were wrongly intercepted in Adamawa State have been released. The company stated the two trucks loaded with 900 bags of cement each from the Obajana Cement…
