Business/Finance
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2023: Dangote Cement increases shareholder’s dividend by 50%, to N30 per share
In line with the promise of Chairman, Dangote Cement, Aliko Dangote at the company’s 2022 Annual General Meeting (AGM), of…
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Aba Power to start commercial operations of turbines this weekend, a week ahead of schedule
Aba Power Ltd, a subsidiary of Geometric Power, will start to supply power from one of its three turbines to…
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Why I located $800m Geometric Power Plant in Aba – Barth Nnaji
The Chairman of Geometric Power Group, Prof Barth Nnaji, has explained that his passion to contribute to industrial development in…
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Glo-Powered MoneyMaster Payment Service Bank experiences surge in customer base following expansion of services
Glo-Powered MoneyMaster Payment Service Bank (MMPSB), a prominent payment service bank in Nigeria, has experienced significant growth in its clientele…
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PZ Cussons Nigeria financially distressed as liabilities surpass assets
PZ Cussons Nigeria is facing possibly its biggest existential problem since setting foot in the country 125 years ago after…
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FG threatens to open borders if cement manufacturers refuse to reduce price
The federal government has described the rising cost of cement in Nigeria as unacceptable and threatened to open the borders…
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MTN, Dangote Cement, others drag equity market to N1.8trn loss
The equity market opened in the reds on Monday as investors lost about N1.82tn. Substantial depreciations were observed in…
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BREAKING: Cement manufacturers list conditions to slash rising price
Cement manufacturers have agreed to sell a 50kg bag of cement at a retail price between N7,000 and N8,000, depending…
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Nigerian Breweries sinks to record N145bn loss
Nigeria’s largest beer maker Nigerian Breweries posted N145.3 billion in pre-tax loss for last year, its biggest since opening shop…
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Escalating Cement Prices: FG summons Dangote Plc, BUA Plc, Larfarge, others
The federal government has said it cannot fold its arms and see the price of cement spiral out of control.…
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