Friday, March 27, 2026
Pandemic takes good slice off Nestle Nigeria as profit down 14% to N39.21bn
By Charles Abuede Full-year revenue up 1%y/y to N287.08bn from N284.04bn PBT dips 15% y/y to N60.64 from N71.12bn...
Read moreDetailsDangote Sugar hits sweet spot with 33% y/y revenue growth to N214.3bn
Gross profit rose 40.4% y/y to N53.7bn despite a covid-19 disrupted economy Charles Abuede Dangote Sugar Refinery (DSR) Plc,...
Read moreDetailsNigeria’s rising inflation worries manufacturers, MAN wants economic diversification
By Onome Amuge Says threatens industrial sector recovery The Manufacturers Association of Nigeria (MAN), has registered its frustration...
Read moreDetailsHeineken to cut 8,000 jobs, restructure, amid COVID-19
By Zainab Iwayemi Reveals plans to move beyond beer Heineken sold more non-alcoholic drinks, driven by Heineken 0.0 and Maltina...
Read moreDetailsCadbury Nigeria posts weak numbers as profit tumbles 84% to N35.4bn in FY20
By Charles Abuede Cadbury Nigeria has posted a set of weak numbers in its financial performance for the...
Read moreDetailsFlour Mills shows operational resilience with 31% growth in Q3 revenue to N200bn
By Charles Abuede YTD revenue stood at N555.3bn after 9 months, while TCI grew to N15.59bn in Q3’ 2020/21 ...
Read moreDetailsUnilever Nigeria cuts operating loss significantly as revenue rises 1.3% to N61.6bn
By Charles Abuede Gross profit surged to N13.8bn, but with N3.05bn operating loss in FY20 Growth was chiefly driven by...
Read moreDetailsMAN demands protection of local industries under AfCFTA scheme
By Onome Amuge Tasks SON on quality assurance of imports Local manufacturers in Kano, north central Nigeria, under the...
Read moreDetailsDangote to expand manufacturing into Central Africa to boost cement production
By Onome Amuge Nigerian multinational industrial conglomerate, Dangote Industries Ltd, has disclosed its plans to expand its cement and...
Read moreDetailsMAN recounts financial woes over electricity tariff hike, amid temporary suspension by minister
By Onome Amuge The Manufacturers Association of Nigeria (MAN) has reproached the recent electricity tariff hike approved by the...
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