FrieslandCampina WAMCO’s profit hits N16.3b despite low consumer spending

July 4, 2019

FrieslandCampina WAMCO Nigeria Plc has recorded a turnover of N149.2bln signifying a 6 percent increase over 2017 with N140.1bln; while profit before income tax increased by 3% from N15.9 billion reported in the previous year to N16.3 billion. The result was announced at the company’s 46th yearly general meeting held in Lagos. The Shareholders approved […]

Why we won’t rush to sign African free trade agreement – Buhari

June 27, 2019

President Muhammadu Buhari on Thursday in Abuja received the report on the impact of the African Continental Free Trade Area. The African Union Heads of States had on March 21, 2018 adopted the phase I agreement on the AfCFTA at its 10th extraordinary summit in Kigali, Rwanda. President Buhari, however, observed the AfCFTA will have […]

Nestle Nigeria assures shareholders of good sustainable dividend yield, pays N38.50 final dividend

Afolabi OluwaseunMay 28, 2019

Mauricio Alarcon, the managing director and chief executive officer of Nestle Nigeria Plc., on Tuesday assured shareholders that the company would continue to churn out high dividends as the management has prioritised sustainable growth and profitability in its operations. He gave the assurance at the company’s 2019 and the 50th annual general meeting (AGM) held at the […]

VACTON urges expansion into petrochemicals, fertilizers

May 23, 2019

…as Nigeria taps only 10% potential A traders’ outfit, Value Chain Traders Organization of Nigeria (VACTION), has urged Nigeria to expand into establishing more petrochemical plants as a way to extend revenue takings rather than continued reliance on the age-old crude oil economy, which has also come with much pressure and hiccups. According to VACTON […]

CAC extends registration window for small businesses by 90 days

May 13, 2019

The Corporate Affairs Commission (CAC) has given micro, small and medium-scale enterprises (MSMEs), 90 extra days to register their business names at the reduced cost of N5,000. The CAC said the federal government has directed that the cost of registration for the categories of businesses be reduced by 50 per cent for the next three […]

Value chain manufacturers, exporters-importers body set to redefine business practices

Ben EguzozieMay 8, 2019

VACTON – Value Chain Traders Organisation of Nigeria (VACTION), is a new association of manufacturers, importers, exporters, traders and other related organisations in the country with a set goal to redefine manufacturing, export-import and trading business in the country. The aim is to rid corrupt practices from among business operators, said Ralph John, president of […]

FBN Holdings moves 2018 dividend qualification date forward

Adesola AfolabiApril 16, 2019

The board of FBN Holdings Plc has announced a change in the date of qualification date for the proposed payment of 2018 financial year dividend from April 22, 2019 to April 23, 2019. This was disclosed in a statement signed by Seye Kosoko, the company secretary and filed with the Nigerian Stock Exchange (NSE). Last […]

Thomas Murray upgrades CSCS risk assessment ratings to A+

April 16, 2019

A risk assessment carried out by Thomas Murray, the global post-trade risk and custody specialists, on Central Securities Clearing System (CSCS) Plc has yielded an upgraded rating symbol from A to A+, which denotes a ‘Low’ Overall Risk. The outlook for the CSCS risk assessment also emerged positive owing to the fact that there are […]