Dangote Sugar’s strong earning is attracting strong bid for its stock, leading to a 36.21 per cent appreciation in the first half of 2023. In 42 months, investors were richer with a 48.85 per cent capital gain between 2020 and June 31, 2023. Kasimu Garba Kurfi , managing director, APT Securities and Funds Limited attributes this to the 2022 full ... Read More »
As part of activities of its 26th Convocation ceremony, the Lagos State University will confer Honorary Doctorate Degree on Lagos first class traditional ruler, Oba Saheed Elegushi. Speaking at a press conference to announce programmes for the ceremony, the Vice Chancellor of the school, Prof Ibiyemi Olatunji-Bello stated that Oba Elegushi, amongst other eminent Nigerians are being honoured for their ... Read More »
The Governor of Abia State, Dr. Alex Otti, says the time for Abia people to rejoice is now. Otti, who spoke on Sunday in Umuahia at an interdenominational thanksgiving Church service to celebrate his inauguration as Governor on May 29, 2023, subsequently declared that Abia people will rejoice very soon. “This is the time for the people of God to ... Read More »
Oyo State Governor, Seyi Makinde, on Wednesday, pledged support to Mouka Foam Nigeria, in a bid to expand its business base in the state. Makinde gave this assurance when the management of Mouka Foam Limited led by its Managing Director, Femi Fapohunda paid him a courtesy visit at the governor’s office, Ibadan, on Wednesday. Briefing journalists after the meeting, the ... Read More »
Unity Bank Grows Gross Earnings to N57Billion in 2022FY, Builds Momentum as Profit Grows by 21% in Q1/2023 LAGOS.02.06.23. Nigeria’s retail lender Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended Dec 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period ... Read More »
The Central Bank of Nigeria, CBN said it has not devalued the naira urging the public to dismiss any contrary report. Acting Director, Corporate Communication, Dr. Isa AbdulMumin stated this in a statement titled, “CBN Has Not Devalued the Naira”. He said: “The attention of the Central Bank of Nigeria (CBN) has been drawn to a news report… titled “CBN ... Read More »
…shareholders commend dividend payment. NASCON Allied Industries Plc have recorded impressive growth in all performance indicators in the year ended December 31, 2022, with profit after tax surging by 84 percent, from N2.97 billion to N5.47 billion. Shareholders at the company’s 2022 annual general meeting (AGM) held at the weekend in Lagos commended the board and management of NASCON for ... Read More »
In an epoch-making event that will positively transform Nigeria’s oil and gas sectoral landscape, President Muhammadu Buhari will today commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos, alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad. Promoted by Africa’s richest man, Aliko Dangote, the petroleum refinery with a capacity to process 650,000 ... Read More »
1. World Class Projects 2. The Dangote Petroleum Refinery is located in the in Ibeju-Lekki, Lagos, covering a land area of approximately 2,635 hectares (seven times the size of Victoria Island). 3. World’s Largest Single-Train 650,000 barrels per day Petroleum Refinery with 900 KTPA Polypropylene Plant. 4. The 435 MW Power Plant in the Refinery alone will be able to ... Read More »
Shareholders of Guaranty Trust Holding Company (GTCO) Plc, have endorsed the payment of a total dividend of N91.236 billion, representing N3.10 per share for the financial year ended December 31, 2022. This endorsement was made at the holding company’s second annual general meeting held on Thursday, virtually. The Group proposed a final dividend of N2.80 per unit of ordinary share ... Read More »
Hottestgistinnaija
