Lafarge has reported a revenue earnings of N293.0 billion in 2021 financial year as against the N230.5 billion it made in 2020.…
Category:
Industry
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In its financials for full year ended December 31, 2021, Group sales volume for Dangote Cement stood at 29.3Mt, with Nigeria accounting…
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The Nigerian Society of Engineers (NSE) and Vitapur Nigeria Limited have joined hands to promote local content for sustainable development of manufacturing…
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BusinessIndustryNews
Salim harps on support to local industries as panacea to Nigeria’s security, economic challenges
The Director General, Standards Organisation of Nigeria Mallam Farouk Salim has posited support to local industries as the panacea for the myriad…
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Director General Standard Organisation of Nigeria SON, Mallam Farouk Salim has said that the move by the African Industrial Group, AIG, to…
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BusinessIndustry
PZ back on profitability growth path, shareholders approve dividend payout of N992.6m
Shareholders of PZ Cussons Nigeria PLC approved a dividend pay-out of N992.62 million resulting in 25k final dividend per share. The 2021…
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The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has pledged the Bank’s support for the manufacturing sector in Nigeria…
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EconomyIndustryNews
Buhari commissions BUA Cement Sokoto 3mmt line 4 factory, production to hit 17mmt by 2023
Nigeria cement production received a boost as President Muhammadu Buhari commissioned the three million metric tonne per annum BUA Cement Sokoto…
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Tesla has reported quarterly profit and sales well above Wall Street expectations, but spooked investors by saying its factories have been running…
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Dangote Cement Plc has said that it obtains Securities and Exchange Commission’s permission for late filing of its audited financial report. It…
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BUA Foods has published its unaudited report for 9 months ended 30th September 2021. According to the report, total turnover rose 6.8…
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Stakeholders in the manufacturing, importation and regulation of powdered detergent in Nigeria have committed to protecting the aquatic environment by ensuring the…
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Coca Cola’s plan to invest $1 billion in Nigeria in the next five years testifies to the possibilities in the economy despite…
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BusinessEconomyIndustry
BUA, ERBA of Turkey sign agreement to construct 2,000tons per day Gypsum powder
BUA Group, one of Africa’s leading industrial companies, is set to commence the construction of a 2,000tons/day Plaster of Paris (Gypsum Powder)…
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Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene in the…