For the full year ended December 31, 2021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020. This volume was said to be achieved on the strength of improved operational efficiency despite the adverse…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics. The 2021 financial result filed by the bank at the Nigerian Stock Exchange (NSE) on March 4, 2022, showed that gross earnings rose significantly to N660.2…
Huawei Technologies (Nigeria) Limited has been awarded as the ‘Best Technology, Offshore, Oil and Gas Company’ at the ongoing Nigerian International Energy Summit (NIES) in Abuja. The award was presented to the company at the gala night of the summit which held at the Banquet of the State House, Abuja. The award was given in…
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 of the Nigerian Exchange Ltd (NGX), the tax charge represents an increase of 78.7 per…
The Senate, on Wednesday, urged the Federal Government to introduce pollution tax on those involved in economic sabotage by engaging in illegal refining of crude products in oil producing areas of the country. The chamber also called on the federal government to sanction security agencies culpable of sabotaging the nation’s interest by vandalising pipeline installations…
In commemoration of the International Women’s Day 2022, foremost financial institution, Fidelity Bank Plc, has announced plans to celebrate leading women and female achievers at a networking event in partnership with media entrepreneur – Linda Ikeji – on Tuesday, 8 March 2022. Themed ‘Breaking the Bias’, this year’s International Women’s Day celebration is aimed at…
Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021. The results published on the Nigerian Group Exchange showed a 114% growth in Revenue to N21.74bn from N10.16bn as of December 2020, while Gross Profit rose by 143 % to N16.23bn from N6.67bn. The Company’s results show an impressive growth in its…
The Senate has approved financial autonomy for state legislatures, judiciary and local governments in the country. The approval came on Tuesday during voting on the report of the Senate Committee on the Review of the 1999 Constitution (Fifth Alteration) Bills, 2022. Senators during voting on the report rejected pension for presiding officers of the legislature.…
Stanbic IBTC Stockbrokers Limited, a subsidiary of Stanbic IBTC Holdings PLC, has introduced the Stanbic IBTC Stockbroking Zero Account Opening campaign to help drive local participation in the capital market. The campaign, the company said, is targeted at removing the limitations to equity investment and providing investment opportunities that would attract the influx of new…
President Muhammadu Buhari on Tuesday urged Nigerians to get more interested in working with security agencies to tackle myriad challenges facing the country, extoling the courage and bravery displayed by security agencies and service chiefs in promoting peace and order. The President in an address at the opening ceremony of Alumni Association of the National…