Company Report
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Dangote Cement declares 6.3% increase in profit to N189.9bn
Dangote Cement Plc has declared N189.9 billion profit after tax in half year ended June 30, 2024, about 6.3 per cent growth from N178.6 billion reported in half year ended June 30, 2023. The cement maker declared N292.96 billion profit before tax in H1 2024, representing an increase of 22.1 per cent from N239.86 billion reported in H1 2023. Group…
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Transcorp Hotels reports 61% increase in revenue, declares N1.02bn as Interim Dividend
Transcorp Hotels Plc has reported its half-year (H1) ended June 30, 2024 results with revenue at N29.7 billion, about 61 per cent increasing when compared to N18.5 billion declared in H1 2023. The hospitality subsidiary of Transcorp Group on the Nigerian Exchange Limited (NGX) reported N10.5 billion profit before tax in H1 2024, representing an increase of 192 per cent…
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MTN Nigeria launches first fully digitised retail store in Sub-Saharan Africa
MTN Nigeria has set a new benchmark in the retail sector with the unveiling of sub-Saharan Africa’s first fully digitised retail store in Ikoyi, Lagos. This milestone underscores MTN’s commitment to enhancing customer service experience. Leveraging modern technology, the new store features a seamless and intuitive shopping environment where customers can easily locate products, discover new offerings, resolve their queries…
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Unilever Nigeria reports 7.3% increase in PBT to N6.28bn
Unilever Nigeria Plc has released its unaudited interim report for half year ended June 30, 2024 with N6.28 billion profit before tax, about 7.3 per cent increase from N5.85 billion reported in half year ended June 30, 2022. The household company listed on the Nigerian Exchange Limited (NGX) in its profit & loss figures declared N4.44 billion profit in H1…
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CESEL congratulates DBN for becoming GCF accredited entity
Community Energy Social Enterprise Limited (CESEL) has congratulated Development Bank of Nigeria (DBN) on its recent appointment as an accredited entity by the Green Climate Fund (GCF). The Chief Executive Officer, CESEL, Dr Patrick Tolani in a signed letter directed to Managing Director, DBN, Dr. Tony Okpanachi stated that the appointment is a significant milestone and it marks DBN as…
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Access Bank Distributors Forum: Experts chart course for retail success amid economic challenges
The 2024 edition of the Access Bank Distributors Forum in Lagos brought together stakeholders and business owners to gain valuable insights and practical advice for navigating the current economic landscape. Held on Wednesday with the theme “Retail Distribution Business in Africa: Exploring Cost-Effective Opportunities,” the event provided a platform for engaging with experts and established distributors in the retail industry.…
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NGX forces Secure Electronic Technology to release 2023FY
The Nigerian Exchange Limited (NGX) forced Secure Electronic Technology as the management has released 2023 result and accounts to investing public. The Exchange last week suspended eight companies for not submitting a full year ended December 31, 2023 result and accounts. The eight companies were: Guinea Insurance Plc, Lasaco Assurance Plc, Mutual Benefits Assurance Plc, NPF Microfinance Bank Plc, Regency…
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Dangote Cement Okpella commits to development, social support for Host communities
The management of Dangote Cement, Okpella has signed a development and social support agreement with its Okpella Edo state host communities in demonstration of its commitment to the development and overall well-being of host communities and their people, as a responsible corporate entity. L-R: High Chief Daniel O. Obalo; Engr. Mohammed Ismaeel, Dangote Cement Plc, Okpella Plant Director; Chief Moshood…
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Tier-1 banks report 2024: Access Holdings leads in PBSI ranking
In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from audited financial statements for the Financial Year 2023, underscores Access Holdings’ significant strides in the banking sector. Proshare’s latest report…
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