BUA Cement
2 days ago
Despite the turbulent economic environment characterised by naira devaluation and foreign exchange (FX) losses, five companies defied the odds to record a combined profit of N539.48 billion in their 2024 operations.
6 Mar
Nigerian listed companies continued to battle for corporate survival with high inflation, currency depreciation and high energy costs driving up the costs of sale of many entities across sectors by a staggering over 100 per cent last year, data from a full-year report suggested.
11 Feb
BUA Cement Company on Tuesday donated drugs and other medical supplies worth N35 million to 16 clinics in various communities across Wamakko Local Government Area of Sokoto State. The Managing Director of BUA Cement, Alhaji Yusuf Binji, explained that the donation was part of the company’s Corporate Social Responsibility (CSR) efforts aimed at supporting host…
8 Jan
In seemingly worsening concentration risk in the stock market, companies controlled by 10 individuals hold 54 per cent of the Nigerian Exchange Limited (NGX) capitalisation, which closed at N63 trillion yesterday.
11 Nov
The dreams of lower construction costs might have eluded the real estate sector, as the building materials market witnessed another increase in cement prices, by about 27 per cent across the country.
17 May 2024
The industrial goods segment has bounded back from its 2023 ranking as the worst-performing sector on the Nigerian Exchange Limited (NGX), achieving a year-to-date return of 73 per cent and the best-performing on the bourse.
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6 mins ago
The Delta State Police Spokesperson, Bright Edafe, has defended officers who conduct 'stop and search' operations on passengers along expressways. Edafe made this statement on his X (formerly Twitter) account, stating that sometimes during such stop-and-search operations, guns and other weapons are discovered hidden in pieces of luggage. A lady had shared her experience while…
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Nigerian-born June Ashimola appeared in a UK court to disprove claims of her death and reveal she’s alive, ending a long-running probate wrangle. According to Mirror, a UK-based news publication, Ashimola had been declared dead in 2019, without leaving a will. Her £350,000 estate was granted to Ruth Samuel on behalf of a man named…
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Abia State Governor, Dr. Alex Otti, has vowed that the long years of neglect of the state's oil-producing area of Ukwa have ended for good and that significant changes have been set into motion in the area. Otti announced this while flagging off the reconstruction of the 11.1-kilometre Obehie-Umudobia-Owaza road in Ukwa West Local Government…
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Walson-Jack urges the institutionalisation of green energy training In a move to support Nigeria’s transition to renewable energy, global technology giant Huawei has collaborated with the Office of the Head of the Civil Service and the Ministry of Power to equip Nigerian civil servants with essential skills in green energy. The two-day training programme, themed…
1 hour ago
China on Thursday called for "dialogue" with Washington to resolve spiralling trade tensions that have seen the world's two largest economies impose a slew of tariffs on each other's imports. "China has always advocated that China and the United States should adopt a positive and cooperative attitude towards differences and controversies in economic and trade…
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Tensions were rising between rival factions in the northern Ethiopian region of Tigray on Thursday, as France warned against travel there. Tigray was the scene of one of the most devastating wars of the century between 2020 and 2022, estimated to have claimed as many as 600,000 lives. That war pitted local forces against the…
1 hour ago
The Director General of the Labour Party’s Directorate of Mobilization and Integration, Marcel Ngogbehei, has said that internal wrangling over campaign funds frustrated the efforts of the late Dr. Doyin Okupe in stabilising the party during the 2023 presidential election. In a statement mourning Okupe’s passing, Ngogbehei described him as a statesman, political strategist, and…
1 hour ago
Aston Villa’s return to the Champions League quarter-finals for the first time in over 40 years comes with a compelling storyline—manager Unai Emery will face his former club, Paris Saint-Germain, in a high-stakes encounter. Emery, who managed PSG from 2016 to 2018, guided Villa to an emphatic 6-1 aggregate victory over Club Brugge in the…
1 hour ago
Hannatu Musawa, Minister of Art, Culture, Tourism and Creative Economy, has called on Nigerians to embrace religious and ethnic tolerance in order to ensure peace and economic prosperity of the nation. The News Agency of Nigeria (NAN) reports that Musawa made the call at a ‘Ramadan Iftar’ (Breaking of fast) she hosted for stakeholders, ministry…
1 hour ago
The Minister of State for Defence, Bello Matawalle, has met with former Governor of Imo State, Owelle Rochas Okorocha, in a bid to ensure good governance in the polity. The duo, who met at the Ministry of Defence in Abuja on Wednesday, explored issues relating to the actualisation of the Renewed Hope Agenda of President…