Further analysis of the Unaudited Financial statement for the six months ended June 30th, 2024, showed that the revenue grew by 110 percent, while the profit after tax jumped by 38 percent.
The Federal Competition and Consumer Protection Commission (FCCPC) has subjected Coca-Cola Nigeria Limited (Coca-Cola) and the Nigerian Bottling Company Limited (NBC) regulatory supervision for a period of 24 months. FCCPC, in a statement on Thursday, said the companies have been carrying out unfair tactics, thereby “misleading consumers”. The companies are yet to responded to the allegations…
▪︎Anthony Chiejina, the Group Head of Corporate Communications at Dangote Group. Global PR firm Provoke Media has listed Anthony Chiejina, the Group Head of Corporate Communications at Dangote Group, as one of the “100 most influential communications and marketing executives in the world for 2024. Chiejina was selected alongside 99 other prominent executives from top…
Adetunji Ogunyemi, is a Professor of Economic History at the Obafemi Awolowo University, Ile Ife. He is also a lawyer and public finance expert. In this interview, Prof Ogunyemi speaks on the amendment of the Finance Act 2020 by the National Assembly to accommodate windfall levy on banks’ profits on foreign exchange transactions. He submits…
A peaceful protest will ensure that citizens can express their concerns without infringing upon the rights of others or disrupting legal and lawful activities.
We are not getting the needed patronage from the Nigerian market, which explains why our plant is assembling below capacity at the moment.
The exhibitions arena at the Lagos International Trade Fair Complex (LITFC) along Lagos-Badagry Expressway, used to be the hub for the largest International Trade Fair in Nigeria. The spectacular 10-day event usually begins on the first Friday in November of every year, since 1981 up to 1986 when the organisation of the Fair was taken…
Elephant Foods Company Limited is the indigenous manufacturers of premium-quality spices : UBELEPHANT coconut flavoured blends, UBELEPHANT thyme leaves, Chefking Curry POWDER, Chefking Thyme leaves,Turmeric, Ginger and GARLIC powder. The products are sourced locally and processed to international standards. In this Exclusive Interview with Industrial Times, Nnanna Ephraim, the company’s CEO, shares inspiring facts about…
Despite the continuous increase in MPR over the past two years resulting in a weighty 1,475 basis point hike from 11.5% in May 2022 to 26.25% in May 2024, inflation has remained persistently high, reaching a staggering 34.19% in June, the highest since March 1996.
Manufacturing companies in Nigeria says that unless the federal government address the challenges confronting their businesses, they won’t be able to pay the new minimum wage of N70,000 agreed with Labour. Segun Ajayi-Kadir, the Director-General of Manufacturers Association of Nigeria (MAN) disclosed this, following the recent Presidential announcement on the new minimum wage. Ajayi-Kadir said…
