Company Report
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Beneficiaries commend Lafarge over Mfamosing plant skills acquisition programme
Beneficiaries of Lafarge Africa’s CSR footprints in Mfamosing and adjoining communities in Cross River State have praised the company for the impact of its Skills Acquisition and Empowerment Programme. The beneficiaries who were nominated by the leaders of their host communities went through intensive training in mechanical engineering, welding and fabrication, aluminum doors and windows processing, block molding, fashion designing,…
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MTN Nigeria remitted N757.7bn to FG in 2021
MTN Nigeria Plc has disclosed that it remitted N757.7billion to federal government coffer in 2021 financial year and its relevant agencies through taxes, levies, fees and duties. The company said that the actual amount paid to the tax authority- the Federal Inland Revenue Service (FIRS) in 2021 was N291.67billion. “Without prejudice but specific to the Federal Inland Revenue Service (FIRS),…
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FBN Holdings says unaware of any court order over appointment of GMD
As a Federal High Court granted an ex parte order against FBN Holdings Plc and other Respondents, the management of the financial institution on Monday said it remained unaware of any lawsuit or court order. Acting Company Secretary, FBN Holdings, Adewale Arogundade, responding to an ex parte order on the appointment of Mr. Nnamdi Okonkwo as the Group Managing Director…
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UK Charity Polo Tournament: Access Bank raised $1.7m to support education
UK Charity Polo Tournament: Access Bank raises $1.7m to support education Seeking to improve the state of education in Nigeria, Access Bank has raised $1.7 million at its Charity Polo Tournament held at The Guards Polo Club, Egham, Surrey, United Kingdom recently. The money, the Bank confirms, will be directed towards the building and equipping of over 100 classroom blocks…
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H1 2022: United Capital reports 41.2% increase in profit
United Capital Plc on Monday reported 41.2 per cent increase in profit after tax, according to its half year (H1) unaudited financial statement for the period ended June 30, 2022. The company’s profit closed H1 2022 at N4.44billion from N3.14billion, driven by 33 per cent increase in revenue. It also reported 40.2 per cent increase in profit before tax…
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Unilever Nigeria reports 167% increase in profit to N1.91bn
Unilever Nigeria Plc on the floor of the Nigerian Exchange Limited (NGX) has reported N1.91billion profit in its half year unaudited financial statement for the period ended June 30, 2022. This is an increase of 167per cent from N714.78million reported in H1 2021. The multinational household company also grew profit before tax by 586.17per cent to N2.99 billion in H1…
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Biodiversity: Dangote cement partners agencies, stakeholders on environmental sustainability
…plants 7,205 trees to commemorate the 2022 Environmental Day Nigeria’s bid to reduce carbon emissions has received a boost as Pan-African cement manufacturer, Dangote Cement Plc has entered into partnership with the United Nations Environment Programme (UNEP) and National Environmental Standards and the Regulations Enforcement Agency (NESREA) to promote environmental sustainability. In the same vein, Dangote Cement also collaborated with…
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Customers stranded as FCMB banking operation collapses
Thousands of customers were on Friday stranded Infront of many branches of the First City Monument Bank (FCMB) as the bank experienced a downtime in its operations. For many who tried using the banks online platforms and apps, their transactions declined or were reversed as the bank server remained down as of the time of filing in this report. The…
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2021 FY Disclosure: African Alliance Insurance awaits NAICOM approval
African Alliance Insurance Plc, on Thursday said it awaits National Insurance Commission (NAICOM) approval over its audited result and accounts for full year ended December 31, 2021. The insurance company was among nine companies sanctioned by the management of the Nigerian Exchange Limited (NGX) over their inability to comply with the rules and best practices on corporate governance. The other…
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Equities market appreciates by N12bn over gains in large/medium capitalised stocks
Equities trading at the Nigerian Exchange Limited (NGX) on Thursday posted its first gain this week as capitalisation gained by N12 billion. In summary, the All-Share Index (ASI) grew by 7.19 basis points or 0.01 per cent to close at 51,563.73 basis points. Similarly, the overall market capitalisation value gained N12 billion to close at N27.807 trillion. The market positive…
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