Economy
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Dangote cement, Zenith Bank, MTN Nigeria report N907.65bn profit in 2021
Three leading companies in Nigeria, Dangote Cement Plc, Zenith Bank Plc and MTN Nigeria Plc have reported N907.65billion profit in 2021 financial year, an increase of 28 per cent from N711.85billion reported in 2020. The three companies are giants in the cement manufacturing, financial and telecommunication sectors of the nation’s economy, contributing to job creation, supporting ease of transactions, constructions…
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Olam subsidiary’s investment in local diary value-Chain excites Kano communities
The investment Outspan Nigeria Limited, a subsidiary of Olam Group in local diary value-chain has brought joy and excitement communities in Kano State. The people commended the dairy business unit of Olam Food Ingredients (OFI), for its expansive investment in the area, targeted at achieving large-scale development of the local dairy value chain. At the opening of the latest Milk…
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Pantami, Danbatta lead Nigerian delegation to MWC 2022
Minster of Communications and Digital Economy, Isa Pantami and the Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, are leading Nigeria’s delegation to the Mobile World Congress (MWC) 2022. The MWC which is taking place in Barcelona, Spain, from February 28 to March 3, is the most influential conference and exhibition…
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Dangote Cement’s Commitment To Climate Change Yields Dividend
… Proposes dividend of ₦20.00 per share Dangote Cement’s commitment to environmental disclosures and sustainability is yielding the desired results with Carbon Disclosure Project (CDP) raising its rating from C to B- even as it proposes a dividend of N20 per share for the year ended December 31, 2021. The CDP is an international non-profit organization based in the United Kingdom…
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10 Years after, work to start on Badagry deep sea port in June, says Sanwo-Olu
Lagos State Governor, Babajide Sanwo-Olu, on Tuesday said the state government was determined to push development to Badagry with a new sea port. The state government is revisiting the project ten years after the idea was conceived. In his address at a stakeholders’ meeting in Badagry, Governor Sanwo-Olu said construction work would start on the Badagry seaport in June if…
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Russian-Ukraine war may affect fuel import into Nigeria
The ongoing war between Russia and Ukraine may further prolong the over three-week scarcity of Premium Motor Spirit, popularly called petrol, in Nigeria, as bulk of the refined products coming into the country from the warring region and its adjoining areas are likely to face some delays. Information available to Western Post shows that traders who supply Nigeria with refined…
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EXCLUSIVE: Caverton helicopters in financial distress, mass exodus of pilots to OAS rocks aviation firm
Strong indications have emerged that Caverton Helicopters Limited is going through financial troubles following mass exodus of its pilots over months of unpaid salary and other operational issues the company has been going through in the last couple of months. Western Post gathered that in the last three months alone starting from November 2021, Caverton has lost about 20 of…
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Cement: BUA blames competitors, middlemen, for profiteering
The BUA Group has blamed middlemen and other cement producers for manipulating the prices of cement out of the reach of ordinary Nigerians despite government’s efforts to make cement affordable for the people. The Chairman and Chief Executive Officer of the Group, Abdul Samad Rabiu, said this recently when he led his company on a courtesy visit to President Muhammadu…
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NCC CSIRT discovers banking app-targeting malware
The Nigerian Communications Commission’s Computer Security Incident Response Team (CSIRT) has discovered a newly-hatched malicious software that steals users’ banking app login credentials on Android devices. According to a security advisory from the NCC CSIRT, the malicious software called “Xenomorph”, found to target 56 financial institutions from Europe, has high impact and high vulnerability rate. The main intent of this…
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Buhari extols BUA Group for sustaining cement availability
President Muhammadu Buhari Friday applauded the BUA Group for its strides in narrowing the gap between demand and supply of cement in the country. The President spoke at State House, Abuja, while receiving a top delegation from BUA Group, led by the Chairman, Abdul Samad Rabiu, who were on a thank you visit. President Buhari had last month visited Sokoto…
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