Nigerian Breweries Plc, has released its audited Group Financial Statements for the financial year 2024, recording a revenue of N1.1trn. This represents a massive 81 per cent increase on the N599.6bn recorded in the corresponding period in 2023. According to a statement from the company, a further breakdown of the […]
Category: Industry
Industry
Haldane McCall Grows Profit by 168% to N1.01bn in 2024 …Shareholders to approve N220.6m dividend
Haldane McCall Plc on Thursday announced its audited financial statement for the full year ended December 31, 2024 with profit before tax at N1.01 billion, a significant increase of 168 per cent when compared to N378 million reported in 2023 financial year. The Real Estate and Hospitality company […]
Berger Paints Urges Government To Tackle High Import Tariffs, Unfair Competition
Berger Paints Urges Government To Tackle High Import Tariffs, Unfair Competition Berger Paints Nigeria Plc has called on the Federal Government to address high import tariffs on essential raw materials and take measures to curb unfair competition from imported paints. The company made this appeal during a […]
Nestlé Launches Dairy Demonstration Farm ….Invests Over ₦1.8bn in Dairy Development
Nestlé Nigeria has launched a dairy demonstration farm in Paikon Kore, Federal Capital Territory, as part of its commitment to strengthening the local dairy industry. The company noted that the initiative, under the Nestlé Nigeria Livestock Development Project (NLDP), aims to enhance milk production and improve pastoralists’ livelihoods […]
Air Peace Promotes Senior First Officer To Captain on Boeing 777 Fleet
Air Peace, Nigeria’s foremost airline and West Africa’s largest carrier, proudly announces the elevation of Senior First Officer Chibuzo Mbanefo to the rank of Captain on its Boeing 777 fleet. Captain Mbanefo has consistently demonstrated exceptional skill, leadership, and commitment to upholding Air Peace’s high operational standards. After undergoing rigorous […]
Manufacturers Warn 15% Port Tariff Increase Will Fuel Inflation, Smuggling
The Manufacturers Association of Nigeria (MAN) has strongly opposed the proposed 15 per cent increase in port-related charges, warning that the decision will drive up production costs, fuel inflation, and encourage smuggling. The association stressed that the hike is ill-timed, given the economic challenges businesses are currently facing. MAN’s […]
CAP Records 57% Growth In PBT
Chemical and Allied Products Plc (CAP) Plc has released its unaudited Consolidated Financial Statements for the full year ended December 31st, 2024, to the Nigerian Exchange Group (NGX). The company’s balance sheet remained resilient with total assets growing by 27 per cent to N19.58bn in in 2024 […]
Air Peace Secures Sixth IOSA Certification To Boost Safety In Aviation
Air Peace Limited, has secured its sixth consecutive International Air Transport Association Operational Safety Audit (IOSA) Certification. The company in a statement said the development highlights Air Peace’s commitment to maintaining the global safety standards in aviation, cementing its position as a leader in the industry. […]
Curiosity mounts over new children’s show in the offing
The country is buzzing with expectation following hints that a children’s music sitcom will soon make a grand entry into the Nigerian entertainment landscape. Reportedly, the company behind the show is Anthill Studios, a leader in the creation and production of many Nollywood titles including the recent Netflix blockbuster, Lisabi. The organization […]
Air Peace, ADINA Summit Partners to Strengthen African Trade and Diaspora Connections
Air Peace, Nigeria’s leading airline, recently solidified its commitment to fostering stronger ties between Africa and its global diaspora through its strategic partnership with the Africa Diaspora Investment Network Alliance (ADINA) Summit 2024. The event, held on December 27, 2024, at the prestigious Kempinski Gold Coast City Hotel in Accra, […]