Author Archives: Ruth Omoteso

NEM Insurance on Tuesday declared a final dividend of 22 kobo for the year end 31 December 2021. The underwriting firm for the 12 months period reported a turnover of N27.875 billion, up by 26.5% from N22.036 billion reported the previous year. Profit after tax was down year on year by 12.83% to N4.432 billion from N5.085 […]

The Federation Accounts Allocation Committee (FAAC), has shared N695.03 billion to the three tiers of government as revenue for February 2022. According to the FAAC Director Information, Mr. Olajide Oshundun, the distribution is as follows; Federal Government got N24.845 billion, the states received N82.818 billion, Local Government Councils got N57.972 billion, while Cost of Collection to FIRS[…]

Cadbury Nigeria Plc in its published Audited Financial Statement for the year ended 31, December 2021 declared a final dividend of 50 kobo to its shareholders. The company reported a turnover of N42.37 billion for the 12 months period, up by 19.67% from N35.41 billion reported the previous year. Profit after tax reported for the period under[…]