Unilever leveraged on improvements across key lines, expansion in margins
UNILEVER published its Q1-22 unaudited results on Friday (22 April), reporting EPS of NGN0.31 (vs loss per share of NGN0.09 in Q1-21). The positive outturn in EPS was underpinned by improvements across its key lines and expansion in margins. Q1-22…
BUA Cement PAT expanded by 48.2% y/y to NGN33.14bn
BUA Cement published Q1-22 unaudited financials last week Friday (April 22), which showed that PAT expanded by 48.2% y/y to NGN33.14 billion while EPS settled at NGN0.98 (+48.2% y/y). The growth in EPS was due to the double-digit topline growth…
Nigeria far more productive in the 1980s than today—Report
A new report on productivity in Nigeria has shown that the country was more productive during the 1980s than now. The report averred that in the 1980s the key reasons for economic growth were as follows: We were a net…
Dangote Cement preaches environmental sanity on Mother Earth Day
At a time the global business community is celebrating the United Nations International Mother Earth Day, leading Cement manufacturer in Africa, Dangote Cement Plc has reiterated its commitment to protecting the earth through efforts aimed at mitigating environmental degradation. Speaking…
Buhari enjoins Nigerians in business to emulate Dangote’s business intelligence
President Muhammadu Buhari on Friday, April 22, 2022, in Abuja lauded the entrepreneurial spirit and doggedness of the President of Dangote Industries Limited (DIL), Aliko Dangote and urged Nigerians in business to emulate this iconic figure, to enable the country…
Commonwealth Education Awards 2022 – Shortlist announced
Twenty educators and projects have made the 2022 Commonwealth Education Awards shortlist for their positive impact on students, teachers, and education systems across the Commonwealth. Six finalists will be announced at the Commonwealth Education Ministers meeting in Nairobi. — LONDON,…
Commercial services brands in slow recovery from COVID-19 pandemic
The world’s largest commercial services brands are beginning to recover from the COVID-19 pandemic – but four of the top five most valuable commercial services brands have not yet recovered to pre-pandemic value, according to a new report from Brand…
National Theatre to be renamed Lagos Creative & Entertainment Centre—FG
All is set for the Federal Government to rename the National Arts Theatre in Iganmu, Lagos, to Lagos Creative and Entertainment Centre, as soon as work on the complex is completed. Recall that the massive complex seating on about 41…
Retro Africa plans major solo exhibition by Ken Nwadiogbu
Retro Africa announces a major solo exhibition by the award-winning multidisciplinary artist Ken Nwadiogbu this spring, presenting a new series of paintings representing Nwadiogbu’s experiences living in Nigeria; an installation branded ‘Jesus of Lübeck’, a canoe referencing the Badagry Slave…
Nigeria’s headline inflation rose by 21bps to 15.92% y/y in March
According to the National Bureau of Statistics (NBS), Nigeria’s headline inflation rose by 21bps to 15.92% y/y in March – its highest print since October 2021 (15.99% y/y). The increase was primarily driven by the food basket (+9bps to 17.20%…
