Tariff disparity in free trade zone major disincentive to business—Samsung HI
Core investors across the nation’s oil and gas free trade zones have cried out on the growing case of tariff disparity in the economic hubs. In his argument during a panel session on ‘‘Commercial and Investment Forum on Unlocking Economic…
Dangote Cement tax hits N173.93bn in 2021; pays N97.24bn tax in 2020
Dangote Cement Plc has sustained its position as a leading contributor to Nigeria’s economy with a tax charge of N173.93 billion for the financial year ended 31st December 2021. According to the cement group’s audited results released on the portal…
Nestle released audited results show 1.3% y/y decline in Q4-21 standalone PAT
Nestle Nigeria Plc released its 2021FY audited results yesterday, reporting an 11.3% y/y decline in Q4-21 standalone PAT with an EPS of NGN8.14 (Q4-20: NGN9.18), bringing the 2021FY EPS to NGN50.51 (+2.1% y/y; 2020FY: NGN49.47). The EPS decline in Q4-21…
Dangote Sugar Refinery Plc revenue jumps by 49.8% y/y in Q4-21
Dangote Sugar Refinery Plc (DANGSUGAR) released its audited reports yesterday, reporting a 107.9% y/y growth in Q4-21 standalone PAT with an EPS of NGN0.54 (Q4-20: NGN0.26), bringing the 2021FY EPS to NGN1.82 (-25.9% y/y; 2020FY: NGN2.45). The decline in the…
Lafarge 2021FY PAT grew by 65.4% y/y to N51bn
Lafarge published 2021FY audited financials yesterday. The report showed that 2021FY PAT grew by 65.4% y/y to NGN51.00 billion while EPS settled at NGN3.17/share (+65.4% y/y). The company’s earnings performance was bolstered by the combined impact of topline growth, higher…
Dangote Cement’s commitment to climate change yields dividend
… Proposes dividend of ₦20.00 per share Dangote Cement’s commitment to environmental disclosures and sustainability is yielding the desired results with Carbon Disclosure Project (CDP) raising its rating from C to B- even as it proposes a dividend of N20…
Business Hilights App downloads hit 67k in one week
Barely one week after the official launch of Business Hilights App in Lagos, downloads worldwide has risen to 67,980. Explaining the feat, the Head, Digital Solutions at Business Hilights Media Group, Engr. Joe Anaeli, said “The App design was out…
Buhari, el-Rufai, KADCCIMA extol Dangote at Trade Fair
Encouraged by his huge investments and philanthropic activities in the country, President Muhammadu Buhari and his host, the Governor of Kaduna State, have hailed the President of the Dangote Group, Alhaji Aliko Dangote. The duo spoke at the 43rd Kaduna…
NPA urges Maritime workers to shelve strike against IOCs
…….Calls Customs Agents to Suspend Protest Against New Auto Valuation System The Maritime Workers Union of Nigeria (MWUN) seems set to shelve its planned shutdown of operations at all ports and oil terminals in the country, scheduled to start from…
TD Africa targets Women entrepreneurs’ on 2022 Women’s Day
TD Africa, Sub-Saharan Africa’s leading distributor of tech, lifestyle and cutting-edge solutions is set to host over 200 female entrepreneurs on Tuesday, March 8, 2022 (International Women’s Day) as part of a project tagged The Herwakening, an initiative aimed at…
