Dangote Cement Plc recorded an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1bn as against N336.4bn, reported in the corresponding period of 2023. The cement plant also reported a 10.9 per cent increase in the Nigerian market which rose from 8.0Mt to 9.0Mt in the […]
Category: Industry
Industry
Executive order on pharmaceutical imports to improve healthcare access-CPPE
The Centre for the Promotion of Private Enterprise [CPPE] has said that an executive order removing duties on pharmaceutical imports will improve access to healthcare and impact positively on the well-being of citizens. Director/ CEO of CPPE, Dr. Muda Yusuf who stated this in a statement made available to Nairametrics […]
Shareholders of UAC Nigeria endorse N644 million dividend for 2023
Shareholders of UAC Nigeria Plc have endorsed the recommendation of the Board of Directors for a dividend of N644 million for the financial year 2023. The shareholders gave the approval at the company’s Annual General Meeting (AGM) held in Lagos. The dividend was ratified by the shareholders and amounted to […]
Champion Breweries announces completion of 86.5% stake acquisition by EnjoyCorp Limited
The Board of Champion Breweries Plc has announced the completion of the acquisition of an 86.5% stake in the company by EnjoyCorp Limited. This information was disclosed in a company notice to the Nigerian Exchange Limited and the investing public. The acquisition was executed through the purchase of 100% shareholding […]
Tolaram to acquire Diageo’s 58.02% shareholding in Guinness Nigeria
Tolaram Africa will acquire Diageo’s 58.02% shareholding in Guinness Nigeria, and enter into long-term license and royalty agreements for the continued production of the Guinness brand and its locally manufactured Diageo ready-to-drink and mainstream spirits brands. This was contained in the company’s notice to the Nigerian Exchange Limited (NGX) and […]
Unilever Nigeria Appoints Bolaji Balogun As Chairman
The Board of Directors of Unilever Nigeria Plc has appointed Mr. Bolaji Balogun as an Independent Non-Executive Director and Chairman of the Board of the company. According to the company’s notice to the Nigerian Exchange Limited (NGX) and the investment public, the appointment is with effect from 16th May 2024. […]
Africa Prudential Plc appoints Christabel Onyejekwe as non-executive director
The Board of Directors of Africa Prudential Plc has appointed Mrs. Christabel Onyejekwe as an Independent non-executive director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited and the investing public. According to the company statement the appointment took effect from May 24, […]
MTN Group’s Q1 2024 service revenue dips 18.8% on MTN Nigeria challenges
MTN Nigeria grows subscriber base to 77.749 million in Q1’2024 to retain the largest market. MTN Nigeria’s subscriber base grew by 1.3% to 77.749 million in the first quarter ending March 2024 from 76.751 million reported in the corresponding period of 2023 to retain the largest market outside South Africa. […]
Berger Paints appoints Alaba Fagun as group managing director
The Board of Directors of Berger Paints Plc has appointed Mrs. Alaba Fagun as the Company’s Group Managing Director (GMD). This was contained in the company’s notice to the Nigerian Exchange Limited (NGX) and the investing public. Before the new appointment, Fagun currently is the Managing Director of the […]