Industry

Segun Agbaje’s GTCO (GTBank) under Scrutiny over Huge Net Income Interest Profit Declaration, despite Pending Court Cases on Overcharging Mark Twain, American humorist, journalist, lecturer, novelist and moralist was ascribed to have said “A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back ...

Parthian Partners wins Inter Dealer Broker of the year, lauded for pioneering IDB model in Nigeria Parthian Partners Limited, Nigeria’s first interdealer broker and founder of i-invest, the first fixed income investment app in Nigeria, has won the BusinessDay Banks and Financial Institutions (BAFI) Awards for the ‘Interdealer Broker of ...

Dangote Cement Shareholders up dividend by 25% to N20 per share Shareholders of Dangote Cement Plc yesterday commended the Management of the company for an impressive performance despite the economic challenges in the year under review. Unanimously, the shareholders approved N20 per share for the year ended December 31, 2021 ...

FrieslandCampina celebrates 150 years of grass-to-glass dairy Cooperative Global dairy cooperative, FrieslandCampina has flagged off series of activities to celebrate its 150th anniversary. Starting from its international headquarters in The Netherlands Wednesday 8 September, the dairy giant hoisted its anniversary flag simultaneously in all the production locations of FrieslandCampina across the world, ...

Top dairy company, FrieslandCampina WAMCO Nigeria PLC, makers of premium milk brands – Peak, Three Crowns, Coast, Nunu and Olympic has reported a turnover of N199.5 billion. This was announced at its 48th Annual General Meeting held Thursday, 6 May 2021, in Lagos.       Speaking at the AGM, the ...

The Federal Government has prohibited the importation of refined sugar and its derivatives from the nation’s Free Trade Zones (FTZs), in a bid to protect the sugar industry, which is governed by the Nigerian Sugar Master Plan (NSMP).       The prohibition move, which came through a directive from ...

Dangote Cement, one of Nigeria’s largest indigenous companies and the largest by market capitalization incurred a company income tax of N97 billion for the financial year ended December 2020.       This s according to the information contained in its full-year audited financial statements for the period under review. ...

…Donates 3 ambulances, 50,000 facemasks to Kaduna Barely 48 hours after Bauchi and Gombe State governments received 3 ambulances and 50,000 facemasks each from BUA Group to combat the rising cases of COVID-19 pandemic, another 3 fully equipped ambulances and 50,000 reusable facemasks have been donated to the Kaduna State ...

The Lagos State Governor, Babajide Sanwo-Olu on Friday, November 13, 2020, unveiled the first Nigerian electric car named Hyundai Kona. The car, which is a product of Stallion Group, was launched at the VON Automobiles Nigeria in Ojo, Lagos State where the car was manufactured. The new Kona, an Electric ...

BUA Cement, on Tuesday, said it never received any blanket approval to export cement through the Nigerian land borders at a time the borders were closed. The company said it was only granted a limited approval to export some cement to Niger Republic, which is 100kms from its plant, and this ...