06

Sep

Royal Exchange reports N2.84bn as turnover in FY 2021

Royal Exchange Plc recently published its Audited Financial Statements for the year ended 31 December 2021. The report shows year on year decline in the company’s top line and bottom line figures. A turnover of N2.843 billion was reported for the 12 months period, down by 81.41% from N15.293 billion reported in Full Year 2020. A loss […]

02

Sep

Business & EconomyDangote Sugar to expand production capacity

President of Dangote Group, Aliko Dangote said the company was embarking on Phase II of its sugar project, which will then cover over 100,000ha to make the sugar plant, the largest in Africa. According to the business tycoon, Dangote Sugar Refinery Plc is planning to significantly reduce the importation of sugar into the country by 40 per cent, thus[…]