27

Jul

CAP Plc posts N903.96m as profit in HY 2022

CAP Plc published its financial report for the period ended 30 June 2021. The result shows year on year growth in the company’s top line and bottom line figures. A turnover of N8.7 billion was reported for the six months period, up by 52.67% from N5.7 billion reported the previous year. Profit after tax grew by 77.56% […]

27

Jul

IMF predicts global recession as inflation persists across nations

The International Monetary Fund (IMF) has was warned of an imminent global recession that could be triggered by rising inflation across nations. According to the IMF chief economist Pierre-Olivier Gourinchas. “The world may soon be teetering on the edge of a global recession, only two years after the last one.” IMF downgraded its outlook for the global economy[…]

27

Jul

BUA Cement boosts half year profit by 41.4%

BUA Cement Plc in the first half 2022 achieved significant growth in its turnover and profit after tax. The Unaudited Financial Statement of the Company for the period ended 30 June 2022 revealed 51.73% growth in turnover to N188.56 billion from N124.28 billion reported the previous year. Profit after tax of N61.36 billion was reported for the[…]