Africa’s richest man, Aliko Dangote (L) speaks with Nigeria’s Vice-President Yemi Osinbajo (R) during a facility tour at the proposed Dangote oil refinery site near Akodo beach in the outskirt of Nigeria’s commercial capital Lagos June 25, 2016. REUTERS/Akintunde Akinleye If Nigerian billionaire Aliko Dangote can drop multiple billions into a refinery, it is because […]
NGX Insurance Kayode Tokede On the heels of reporting N464.35billion trade and receivable in nine months ended September 30, 2021, the likes of MTN Nigeria Plc, Nigerian Breweries Plc, among other companies might exceed 2020 receivables in this year’s financial results. Trade and receivables are the amount owed to a business by its customers following […]
Dangote Cement , Nigeria and Africa’s leading cement manufacturer, reported a whopping N1.022 trillion in revenue in the first nine months of 2021, slightly below the N1.034 trillion realised in the whole of 2020. The manufacturer disclosed this in its unaudited financial statement released on the Nigerian Exchange Limited. Production cost of sales stood at […]
The shares of WAPCO Plc recorded a gain of 2.62% at the end of today’s trading session. The appreciation may be attributed to the buy-interests in the shares of the company inducing a gain of N10.47 billion in market capitalization at the close of trading activities on the stock exchange market. The shares of the […]
TotalEnergies Marketing Nigeria Plc released its Q3 2021 Unaudited results for the period ended September 30th, 2021. Key Highlights Revenue grew by 60% to N242bn from N152bn in the previous quarter. Profit before tax grew by 881% to N19.7bn. Profit after tax grew by 344% to N13.4bn. Net Assets grew by 36% from N28bn to […]
13 Nigerian companies listed on the Nigerian Exchange Limited (NGX) remitted a total tax of N289.4billion The Federal Inland Revenue Service (FIRS) is one of the collecting agencies and recently declared it exceeded its target in the first eight months of 2021 Companies operating in Nigeria are meant to pay income tax, Education tax, National […]
According to the Nigerian Exchange, there are over 156 listed firms with a total market capitalization of over N21 trillion While some companies’ stocks have made billions for shareholders, many are left to count their losses As the year draws to a conclusion, many people’s prospects of recovering are dwindling, while others will just have […]
TY Holdings Limited, the investment holding firm of Lt.-Gen. Theophilus Danjuma (rtd), has launched a takeover bid for equity stakes held by minority shareholders in the former BOC Gases Nigeria Plc after the investment firm of the former Minister of Defence acquired majority stake in the industrial gas company. TY Holdings had acquired 60 per […]
On the heels of impressive earnings in nine months ended September 30, 2021, it has emerged that double-digit inflation, foreign exchange devaluation, among other factors impacted the 10 most valued companies on the Nigerian Exchange Limited (NGX) as their Operating Expenses (OPEX) went up by 16 per cent to N1.5trillion from N1.34 trillion in the […]
Nigerian billionaire Aliko Dangote and Facebook founder Mark Zuckerberg. File As business landscapes keep changing worldwide, investors and businessmen find themselves dipping their feet in waters they are not used to. In the early aughts, when telecommunication hit East Africa, the region innovated and developed mobile money transfer and became a leader in the category. […]
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