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Corporate News

Read the latest company news in Nigeria across all sectors, including insurance, oil, and investment.

Dangote Sugar Refinery Plc has reported a profit before tax (PBT) of N82.3 billion in the year ended December 31, 2022, indicating an increase of 142 percent to N48,28 billion over N34.billion recorded in the corresponding period in 2021.  According to the annual report of the Sugar company, profit...
As the private sector-led Coalition Against Covid-19 (CACOVID) winds down, President Muhammadu Buhari has commended the initiative of private sector operators, saying the contributions he has received from the Coalition so far has elevated his status among other Presidents of the world. The President, who spoke in Abuja yesterday while...
For Philip Costa, the founder of Incorporated Trustees of Advocates of Solar Panels Association (ITASPA), a Non-governmental Organisation (NGO), the best form of utilising the N239 billion that was recently-allocated to the power sector in the 2023 budget, is in alternative energy. Speaking from his New York residence in the...
To strengthen the coverage of the Nigerian economy, the International Centre for Investigative Reporting (ICIR), in partnership with Dangote Industries Limited, organised a two-day capacity building workshop to train journalists on investigative reporting. The workshop, which took place in the South East geopolitical region recently exposed the journalists to the...
Shareholders of Dangote Cement, unanimously on Tuesday, December 13, 2022, authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution. The company had earlier indicated an interest in undergoing a share buyback programme,...
Africa’s foremost conglomerate the Dangote Group won the coveted ‘ Overall Most Responsible Business’ Award, just as three of its subsidiaries clinched awards at the 16th edition of the Sustainability, Entrepreneurship and Responsibility Awards (SERAS) held at the Oriental Hotel, Lekki, Lagos. At the well-attended event, which drew stakeholders across...
The Dangote-led Presidential Committee on Flood Relief and Rehabilitation (PCFRR), known as Dangote Flood Committee has commenced the distribution of relief materials, worth N1.5 billion to victims of flooding nationwide.   The PCFRR, which was established by the Federal Government following the 2012 flooding, is co-chaired by Africa’s foremost industrialist...
President of the Dangote Group, Alhaji, Aliko Dangote, has announced that the Dangote Sugar Refinery (DSR) Plc is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master plan (NSMP).   Speaking at the Flag off Ceremony of the 2022/2023 Crushing...
In a blaze of honour, the Pan-African conglomerate, Dangote Industries Limited (DIL) and its Africa’s leading cement manufacturer subsidiary, Dangote Cement Plc were adjudged the Largest Corporate Bond lodgment on FMDQ in gold category and the 2022 Most Trusted Brand of the Year respectively. On the back of the Largest...
Dangote Industries Limited sustained efforts at providing basic infrastructure through various intervention projects have received the commendation of the Lagos Chamber of Commerce and Industry (LCCI). President of the LCCI, Dr. Micheal Olawale-Cole in his remarks yesterday at Dangote Group’s Special day at the ongoing Lagos International Trade Fair...