PR Measurement agency hosts 2022 AMEC Measurement Month in Nigeria
In collaboration with the International Association for the Measurement and Evaluation of Communication, AMEC, the leading intelligence agency in Nigeria, P+ Measurement Services, declared its interest to host the annual AMEC Measurement Month (#AMECMM) to enlighten PR and communications experts…
Dangote Industries Wins FMDQ Largest Corporate Lodgment Award
In a blaze of honour, the Pan-African conglomerate, Dangote Industries Limited (DIL) and its Africa’s leading cement manufacturer subsidiary, Dangote Cement Plc were adjudged the Largest Corporate Bond lodgment on FMDQ in gold category and the 2022 Most Trusted Brand…
Under Buhari, Nigeria’s poverty jumps World Bank projection to 133m
The National Bureau of Statistics (NBS) Thursday, averred that 133 million Nigerians are multi-dimensionally poor. In its latest National Multidimensional Poverty Index report launched on Thursday, the NBS said that 63 per cent of Nigerians were poor due to a…
Nigeria Inflation continues uptrend for the ninth consecutive month to 21.09%
According to the National Bureau of Statistics (NBS), consumer prices maintained their uptrend for the ninth consecutive month, notching higher by 31bps to 21.09% y/y as existing challenges remain intact coupled with the impact of base effects from the prior…
Shelter Afrique approves USD13m credit line to Mixta Africa
Pan-African housing development financier Shelter Afrique has approved a USD13 million line of credit to Lagos-based real estate firm, Mixta Real Estate PLC. The 5-year facility with a moratorium of 24 months has been structured to fund the Group’s current…
DANGSUGAR posts solid numbers despite elevated cost pressures
As of 9M-22, DANGSUGAR posted solid numbers despite elevated cost pressures, specifically from its key input (raw sugar), and the challenging business environment. Cordros Capital avers that the company could significantly grow its revenue and maintain margin expansions despite the…
UNILEVER’s 9M-22 numbers fell short of expectations—Cordros Research
UNILEVER’s 9M-22 numbers fell short of expectations, as the company reported a loss per share of NGN0.06 (9M-21 EPS: NGN0.19) underpinned by the slow revenue growth in the period, Cordros Research has averred. As alluded to in Cordros Research last…
FG set to sell off, concession abandoned properties nationwide
The federal government has approved the setting up of a committee to review, repurpose, privatise or transfer ownership of abandoned and uncompleted government buildings across the country. This was one of the resolutions arrived Wednesday, at the weekly Federal Executive…
LCCI hails Dangote on infrastructure, job creation
Dangote Industries Limited sustained efforts at providing basic infrastructure through various intervention projects have received the commendation of the Lagos Chamber of Commerce and Industry (LCCI). President of the LCCI, Dr. Micheal Olawale-Cole in his remarks yesterday at Dangote Group’s…
NGX All-Share Index dips by 1.81% on Tuesday, Nov. 8, 2022
Bearish sentiment drove the domestic bourse today as the NGX All-Share Index closed 1.81% lower – the biggest single day loss since 19 October – to settle at 43,466.93 points. Selloffs in DANGCEM (-8.33%) and MTNN (-2.04%) underpinned the market’s…
