12
NovDangote Refinery concludes arrangement with fuel marketers on direct lifting of products
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Refinery to lift products directly. The partnership is to ensure steady, and affordable supply of PMS products nationwide. IPMAN National President, Abubakar Garima stated thus: “We are pleased to announce that Dangote Refinery has agreed to […]
06
NovStates generated N2.43trn revenue in 2023- NBS
A 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[…]
06
NovFlour Mills revenue hits N1.697trn in 6 months, grows profit by 272%
Flour 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[…]
04
NovDangote Sugar Reports Significant Loss in Q3 2024
Dangote 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[…]
