Dangote Sugar Refinery has posted N131.95 billion revenue in its unaudited financial results for the half year (H1) ended June 30, 2021. The Group Managing Director/CEO of the refinery, Ravindra Singhvi, made the disclosure in a statement on Sunday. The company’s revenue rose by 27.8 per cent in contrast to N103.23 billion recorded in the…
The Committee’s Chairman, Senator Theodore Orji, expressed concern over the outstanding N70.96 billion debt being owed the DisCo by its customers including Ministries, Departments and Agencies.He noted that as a business venture, such indebtedness was an impediment to its vision of providing quality supply of electricity to its customers. Orji assured the management of the…
Nigeria’s retail lender, Unity Bank Plc has declared half-year result posting gross earnings of 23.6 billion Naira, which is a 3% increase compared with the corresponding period of 2020. A review of the unaudited half year result (H1’2021) released to the Nigerian Stock Exchange, the Agric-focused lender showed notable improvement across key financial matrices. he…
In a clear demonstration of its industry leadership and consistency in providing superior financial returns, Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2022, recording an astounding double-digit growth of 17% in gross earnings from N346 billion reported in H1 2021 to N405 billion in H1 2022. This is…
By Yunus Yusuf The Federal Airports Authority of Nigeria (FAAN) says the Aviation industry will need relief and financial intervention from the Federal Government to recover from the COVID-19 effect. The Managing Director, FAAN, Capt. Rabiu Yadudu, made the disclosure at the 25th Annual Conference and Awards Ceremony organised by the League of Aviation and…
A court in Moscow on Thursday fined Google for failing to store the data of users who are based in Russia in that country. A judge imposed a fine of 3 million roubles (40,000 dollars) on Google, the first time the company has faced a penalty of this kind in Russia. However, LinkedIn, an employment…
The Organisation of Petroleum Exporting Countries (OPEC) says the global energy sector requires about 12.6 trillion dollars investment cumulatively for development by 2045. The Secretary General of OPEC, Dr Mohammad Barkindo made the disclosure while presenting a keynote address at the 14th Annual Conference of the Nigerian Association of Energy Economics (NAEE) in Abuja on…
Airtel, UNICEF partner to empower Nigerian youthsTelecommunication company, Airtel Nigeria, says it has partnered with UNICEF to empower Nigerian youths through the newly launched Generation Unlimited (GenU) initiative. Telecommunication company, Airtel Nigeria, says it has partnered with UNICEF to empower Nigerian youths through the newly launched Generation Unlimited (GenU) initiative. Airtel in a statement on…
By Emmanuel Udodinma Mindful of the inherent benefits that accrue from sporting activities, including economic advantages, Nigerians have been urged to embrace sports as viable business and corporate ventures. They have also been advised to engage in sports as a professional and business venture that is capable of uplifting their fortunes and that of their…
