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Dangote Cement grows revenue to N3.58tn

03.03.2025
Dangote Cement Plc has reported a revenue of N3.58tn for the financial year ended December 31, 2024, representing a 62 per cent increase from N2.21tn recorded in 2023. The company’s financial statement, released to the Nigerian Exchange Limited recently, showed that the cost of sales rose by 63.5 per cent to N1.65tn from N1.01tn in...
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FG targets May 2026 to complete Enugu-Onitsha Expressway

03.03.2025
The Federal Ministry of Works has set a May 10, 2026, completion deadline for the Enugu-Onitsha Expressway, funded by MTN under the Infrastructure Development and Refurbishment Investment (Tax Credit) Scheme. The decision followed a meeting on February 26, 2025, at the Ministry’s headquarters in Abuja with MTN and RCC Company Nig. Ltd to address delays...
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BUA Cement posts N73.91bn profit

03.03.2025
BUA Cement Plc has reported a profit after tax of N73.91bn for the financial year ended December 31, 2024, reflecting a 6.4 per cent increase from the N69.45bn recorded in 2023. The company’s annual financial statement, released to the Nigerian Exchange Limited recently, showed a jump in revenue to N876.47bn, representing a 90.5 per cent...
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Real estate firms unveil London boutique apartments

03.03.2025
A real estate consultancy firm, Knight Frank, and UK-based residential developer Mount Anvil have unveiled London’s newest boutique development, The Edit, to the Nigerian market. The launch ceremony was held recently in Lagos. Speaking during the launch event, the Senior Partner and Chief Executive Officer of Knight Frank Nigeria, Mr. Frank Okosun, said, “The real...
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Oando wins bid to lease refinery in Trinidad

03.03.2025
Oando Plc has been selected as the preferred bidder for the lease of the Guaracara Refinery in Trinidad and Tobago. According to local media reports, Oando defeated Trinidad’s CRO Consortium and INCA Energy, an American company, to win the lease of the refinery. The country’s Minister of Energy, Stuart Young, announced that the decision was...
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MTN reports N400bn loss as naira devaluation hits earnings

02.03.2025
MTN Nigeria reported a N400.44bn loss after tax for the year ended December 31, 2024, as the devaluation of the naira drove up foreign exchange losses and weighed on the company’s earnings. The loss, disclosed in the company’s audited financial statements released on Thursday, represents a 192 per cent increase from the N137.02bn loss recorded...
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DLM Securities unveils e-trade platform for market access

02.03.2025
A fixed-income and equities market maker on the Nigerian Exchange Limited, DLM Securities, unveiled its e-trade platform for stock trading in the capital market on Wednesday, February 26, 2025. The platform is an innovative online trading portal designed to provide retail and institutional investors with a seamless, efficient, and user-friendly experience in stock trading. It...
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Suspend Dstv price hike, govt orders MultiChoice

02.03.2025
The Federal Competition and Consumer Protection Commission has directed MultiChoice Nigeria, the operator of DStv and GOtv, to suspend its planned subscription price hike pending the outcome of an ongoing investigation into the company’s proposed tariff adjustment. The consumer watchdog disclosed the directive in a statement signed by its Director of Corporate Affairs, Ondaje Ijagwu,...
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Essence of CBN’s decision on naira stability, inflation

02.03.2025
SAMI TUNJI explores the Central Bank of Nigeria’s recent monetary policy as it relates to stabilisation of the naira and curbing of inflation The Central Bank of Nigeria and its Monetary Policy Committee have taken decisive steps to stabilise the naira and curb inflation, signalling a shift in the country’s macroeconomic landscape. At the 299th...
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Jobberman, experts task businesses on growth amid uncertainty

01.03.2025
Jobberman in collaboration with industry and economic experts have advised business executives to adopt high agency, strategic adaptability, and proactive planning to navigate the economic uncertainties of 2025. Speaking at the Jobberman Business Breakfast for C-Suite Executives in Lagos on Thursday, they outlined actionable strategies for sustainability and growth amid evolving challenges. Managing Director of...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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