Manufacturing

Revealed: Dangote Cement paid almost as much income tax as all banks in Nigeria combined for Q1 ’21

Wale Ameen Online Editor   Data from the Nigerian Exchange corporate filings show that Dangote's Cement paid almost as much…

BUA debunks N300 cement price hike, accuses retailers of exploiting demand surge

Onome Amuge   West Africa’s top cement producer, BUA Cement Plc, has refuted claims of a purported  increase in the…

More snubs for Nigeria as Hyundai and Kia plan to set up assembly plants in Ghana by 2022

Wale Ameen Online Editor Automobile giants, Hyundai and Kia are set to establish assembly plants in Ghana by 2022. The…

Pandemic takes good slice off Nestle Nigeria as profit down 14% to N39.21bn

By Charles Abuede   Full-year revenue up 1%y/y to N287.08bn from N284.04bn PBT dips 15% y/y to N60.64 from N71.12bn…

Dangote Sugar hits sweet spot with 33% y/y revenue growth to N214.3bn

Gross profit rose 40.4% y/y to N53.7bn despite a covid-19 disrupted economy Charles Abuede   Dangote Sugar Refinery (DSR) Plc,…

Nigeria’s rising inflation worries manufacturers, MAN wants economic diversification

By Onome Amuge   Says threatens industrial sector recovery     The Manufacturers Association of Nigeria (MAN), has registered its frustration…