Dangote Cement Shareholders endorse N20 per share dividend
Dangote Cement Plc shareholders praised the company’s management for outstanding performance in the fiscal year 2021 despite economic headwinds. They also approved the N20 per share dividend recommended by the Board of Directors for the fiscal year ending December 31, 2021, an increase from the N16 paid the previous year. These were among the decisions […]
Sterling Bank MD, Suleiman, directors engage in share dealing of N42.36m
Last week, Sterling Bank Managing Director Abubakar Suleiman and three other executive directors of the financial institution, Raheem Owodeyi, Tunde Adeola, and Yemi Odubiyi, participated in stock trading. The four executives exchanged about N42.36 million in shares during Sterling Bank’s -24 percent depreciation in the Nigerian stock market, as investors remained away from the business […]
C.S.R: Unilever empowers communities in Abuja, Kwara, Lagos
Unilever Nigeria Plc’s detergent brand, OMO, has provided apparel and household supplies to NGOs in Abuja, Kwara, and Lagos States as part of its Corporate Social Responsibility (CSR) program aimed at empowering underprivileged populations. The effort, which began with a request for Nigerians to give pre-loved clothing materials during the previous Ramadan season, resulted in […]
Fuel scarcity: Marketers move to break NNPC’s monopoly
Oil marketers have urged the Federal Government to put an end to the monopolistic privilege enjoyed by the Nigerian National Petroluem Corporation, NNPC. NNPC currently enjoys monopoly on importation and supply of petroleum products into the country. But oil marketers said the market situation was creating more problems for the country. The marketers under the […]
TotalEnergies restates commitment to energy transition
To solidify its success, TotalEnergies Plc has informed shareholders that the firm is ready to become a multi-energy corporation that will play a vital part in the country’s energy transformation. While speaking to shareholders at the company’s 44th annual general meeting held in Lagos over the weekend, Chairman Jean-Phillipe Torres voiced confidence about the firm’s […]
Ecobank Launches Super Rewards Season 3; 100 customers to get N50,000 Monthly
Season 3 of Ecobank Nigeria’s Super Rewards Campaign has begun. Ecobank created the customer-focused project to celebrate customers’ loyalty, with Season 3 slated to award 100 clients with cash prizes of N50,000 each month, and two customers will walk away with N1 million each at the end of the season. The two-month campaign will begin […]
FG borrowing from bonds market declines 73.6% to N600bn
The Nigerian financial market has experienced a significant shift as the Federal Government and companies withdraw from the bonds segment of the market, while the equities market has experienced a significant rebound. The value of government securities listed on the Nigerian Exchange Limited, NGX, fell by 73.6 percent in the first quarter of the year, […]
PZ Cussons: Rebuilding profit on new strength in sales, cost reduction
PZ Cussons, a manufacturer of personal healthcare and consumer items, has achieved considerable progress in reducing important cost lines that were impeding profit growth in 2021. The cost savings, along with increased sales income, enabled the firm to increase profit by 113 percent in the nine months ending February 2022. According to the findings, PZ […]
Dangote Sugar Rewards Shareholders with N12.147bn Dividend
Dangote Sugar Refinery Plc has reaffirmed its commitment to completing Sugar Backward Integration projects, calling it “the finest thing that has occurred to the sector.” Speaking to shareholders at Dangote Sugar Plc’s 16th Annual General Meeting (AGM) in Lagos, Aliko Dangote, Chairman of the Company, said that despite the harsh operating environment, the board and […]
FIRSTBANK secures $150 million Afreximbank Pandemic Trade Impact Mitigation Facility (PATIMFA) to support businesses in Nigeria
First Bank of Nigeria Limited, Nigeria’s flagship and leading financial inclusion services provider, has received a US$150 million loan facility from African Export Import Bank (Afreximbank). The money came from Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Afreximbank’s US$150 million financial assistance will be available to FirstBank clients participating in the production and importation of […]