Business

Despite the challenging business environment Lafarge Africa Plc has recorded net sales of N81 billion for the first quarter ended March 31, 2018. Which shows that the building solution company is on the growth path. The earnings performance is slightly lower than the corresponding period in 2017 by 1 percent due to volume effects in Nigeria and South Africa. Recurring …

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The Lagos State government on Tuesday said its internally generated revenue for the first quarter of 2018 was N103.476billion. This is as against the N96.7billion recorded in the previous year, accounting for 81 per cent of the total revenue of N141billion generated in the quarter this year. Commissioner for Economic Planning and Budget, Mr. Segun Banjo, made this known in …

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Car giant Volkswagen announced Tuesday investments of 15 billion euros ($18 billion) in electric and autonomous vehicles in China by 2022, in a massive bet on the vital market. “China is our second home,” recently-installed chief executive Herbert Diess said at a Beijing press conference, with its market set to be “the biggest” worldwide for electric cars. He added that …

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Fastest growing financial institution in Nigeria, Keystone Bank Limited, has partnered with a ‘Cash Reward as-a-Service Company’, CeLD Innovations Limited, to launch a ground-breaking product, ‘CashToken’, a new age of hyper consumer centricity in Nigeria. The new innovative product, CashToken, which was formally launched in Lagos at a conference tagged “500 Top CEOs Conference Unleashing The Age of Hyper Consumer …

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In recognition of its prowess in the downstream sector in the domestic economy, Forte Oil Plc has exclusively obtained the right to distribute Chevron’s Havoline Motor Oil. The company made this disclosure to the Nigerian Stock Exchange (NSE) on Tuesday, even as marketing of the product is expected to commence from 25th April 2018 and officially launched on 10 May, …

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Heritage Bank Plc, Nigeria’s Most Innovative Banking Service Provider has partnered with CeLD Innovations to launch CashToken, a consumer electronic reward system into the Nigerian economy. The product was launched at the Hyper Consumer Centricity conference held at the Lagos Continental Hotel, Victoria Island, Lagos with top 500 Nigerian CEOs in attendance. Speaking at the launching ceremony, Mr. Jude Monye, …

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Okomu Oil Palm Company Plc is to sustain ongoing expansion agenda, Managing Director, Mr. Graham Heferhas said. Already, the company has commissioned 11,400 hectare of oil palm plantation covering over 10 communities in Edo State. In a chat with Journalists, Hefer  commended Edo State Governor, Godwin Obaseki for his commitment to revamp infrastructure in the state. Hefer said:“I hope to see …

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The last few days have been filled with various analysis of government’s moves to fund the state’s infrastructural/ developmental projects that have been fixated, languishing in neglect and abandonment for decades in Niger state. It may be interesting to note that the projects, some of which have fallen into disrepair and cannot be repaired or renovated owing to their advanced …

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Dangote Industries Limited Executive Delegation led by GP/CE, Aliko Dangote visited Siemens Africa Booth at the ongoing Hannover Technology Fair in Germany, a leading global trade fair for Industrial Technology, providing insights into the wave of Industrial revolution and how it is reshaping industries of the future. Key discussions at the event centered on how Africa can ride the ongoing wave of …

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The shareholders of United Bank for Africa, UBA Plc have unanimously endorsed its Board of Directors proposed dividend of N22.3 billion for the financial year ended December, 2017. The total dividend translates to a total of 85 kobo per share. The shareholders at the bank’s 56th Annual General Meeting, AGM held on Monday commended the Board and management of the bank …

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