06
NovA recent report published by the National Bureau of Statistics on Internally Generated Revenue at State Level (2023) revealed that the 36 states and the FCT generated a total of N2.43 trillion as Internally Generated Revenue (IGR) in 2023. This represents a growth rate of 26.03 percent from N1.93 trillion recorded in 2022. Key highlights of the […]
06
NovFlour Mills of Nigeria Plc has reported revenue of N1.697 trillion for the 6-month period ended 30 September 2024. This represents a growth of 75.97% from the N964.65 billion reported the previous year. Profit after tax for the 6-month period reached N14.42 billion, a significant improvement of 272% from the loss after tax of N8.38 billion reported[…]
04
NovDangote Sugar Refinery Plc has announced a substantial loss after tax of N184.36 billion for the nine-month period ending September 30, 2024. While the company’s revenue grew by 56.41% to N484.427 billion, a significant increase in finance costs (up 1561.8%) to N300.175 billion eroded profitability. As a result, the company’s earnings per share stood at a negative[…]
