Champion Breweries Plc said it has commenced the sale of shares valued at N15.91 billion to existing shareholders, hinting that the proceeds will be utilised to fund the strategic acquisition of the Bullet brand. The company announced this in a notification to the investing public on Tuesday, November 25, signed by its Company Secretary, Tosan …
Dangote Cement Plc reported a 23.2 per cent increase in revenue to approximately ₦3.16 trillion for the nine months of the year despite recording a steep decline in volume of sales. The cement giant reported this in its unaudited results for the nine months ended September 30, 2025. A review of the results shows that …
With a bag of cement selling for about N10,000, blamed on the high cost of production, consumers are left to bear the ultimate burden, findings by Pinnacle Daily have revealed. Although the three giant cement companies in Nigeria, Dangote Cement, BUA Cement, and Lafarge Africa, generate their own electricity, energy costs significantly impact their operations …
The BUA Foods Plc N13 per share proposed dividend has been approved by shareholders. It represents a 136 per cent increase from the N5.50 paid in 2023. The approval was given at its 4th Annual General Meeting on Thursday, September 11, in Abuja. In a statement by its Director of Marketing and Corporate Communications, Adewunmi …
PZ Cussons Nigeria Plc has made a comeback to profitability, posting a ₦10.07 billion profit after tax; however, the company remains in a debt obligation with negative net assets, which puts its financial position at risk. A review of the company's audited financial statements for the year ended May 31, 2025, shows PZ Cussons remains …
Nigerian private sector business recorded a four-and 19-month high in output and new orders, respectively, in August, but the manufacturing sector remained subdued. The sector is among the four broad sectors, including agriculture, construction, and services, that Stanbic IBTC Bank tracks in its monthly Purchasing Managers Index (PMI) report. The latest report, released on Monday, …
