Company Report
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Bitcoin Pizza Day Fest to organize over 20 events in 15 African countries
The founder Crypto Bootcamp Community( CBC), and the pioneer Bitcoin Pizza Day Fest, Obinna Iwuno said the Pan-African event with an eye on the global landscape would organize over 20 events in fifteen different African countries through this year edition. He noted this, while speaking to our correspondent in an exclusive chat. The CBC Boss, hinted that before now, his…
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Value of Fidelity Bank drops by N40.16bn over Supreme court ruling on Cappa, Sagecom Concepts
The value of Fidelity Bank Plc on Monday dropped by N40.16 billion to close at N20.00 per share as investors take-profit over Supreme court ruling on a longstanding dispute involving G. Cappa Plc and Sagecom Concepts Limited. As gathered by WESTERN POST, the stock price of Fidelity Bank on Monday dropped by 3.8 per cent or N0.80 per share to…
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NASCON’s shareholders approve N2per share dividend
The management of NASCON Allied Industries Plc, has attributed significant growth in the dividend payout by 100 per cent to N2 per share and the company’s impressive run during the year, ending December 31, 2024, to the successful expansion of its market base. The aggressive expansion, according to the management, led to a significant increase in the company’s sales, with…
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BUA Foods records N125bn profit as revenue grows by 24% in Q1 2025
BUA Foods Plc has announced its unaudited financial results for the first quarter of 2025, demonstrating robust growth across key financial indicators. The company recorded a significant revenue growth of 24 per cent to N442.1 billion in Q1 2025, up from N356.9 billion in the corresponding period of 2024. This impressive performance was driven by substantial increases in revenue from…
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Fidelity Bank’s 2024 performance praised by shareholders
Shareholders of Fidelity Bank Plc have applauded the board and management of the bank for delivering an outstanding performance in FY 2024. Speaking at the bank’s 37th Annual General Meeting (AGM) held recently, the National Chairman of Progressive Shareholders Association, Chief Boniface Okezie, praised the bank, saying, “This is a superlative performance and we the shareholders are grateful to management…
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Nestlé Nigeria posts N51.2bn profit before tax in Q1 2025
Nestlé Nigeria PLC has reported an acceleration in profitable growth and a substantial improvement in operating and financial performance for the first quarter (Q1) of 2025. The multinational company achieved a profit before tax of N51.2 billion in Q1 2025, a significant turn-around from a loss of N196.1 billion in Q1 2024. The profit after tax amounted to N30.2 billion…
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MTN Nigeria escapes from loss to N133.7bn profit in Q1 2025
MTN Nigeria Communications Plc on Wednesday declared N133.7 billion profit after tax in eits unaudited first quarter (Q1) ended March 31, 2025 from a loss of N392.7 billion declared in the first quarter ended March 31, 2024. In the period under review, MTN Nigeria announced N202.55 billion profit before tax in Q1 2025 from a loss of N390.67 billion in…
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Dangote Sugar grows turnover by 51%, to provide 75,000 jobs
The chairman of Dangote Sugar Refinery Plc, Alikoa Dangote has revealed that the company’s turnover increased by 51 per cent to N665.6 billion for the year ended December 31, 2024, as against the corresponding figure of N441.5 billion recorded for the 2023 financial year. Speaking at the 19th Annual General Meeting (AGM) on Tuesday, Mrs Bennedikter Molokwu, who chaired the…
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Equities market advances by N229bn on investors demand for GTCO, 46 others
The equities market section of the Nigerian Exchange Limited (NGX) on Monday opened the trading week on a positive note, as market capitalisation advanced by N229 billion. The NGX All-Share Index rose by 363.57 basis point or 0.34 per cent, to close at 106,116.18 basis points. Similarly, the overall market capitalisation value gained N229 billion to close at N66.694 trillion.…
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52 new Dangote petroleum trainee engineers complete training programme
…set for employee induction into the Refinery A new batch of 52 trainee engineers have successfully completed their Dangote Petroleum Refinery Graduate Trainee Programme and are now set to be inducted into the refinery as employees. The trainee engineers in the field of Chemical Engineering, Electrical/Electronic Engineering and Mechanical Engineering finished their training with presentation and defense of their final…
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