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Business & Economy

Home Business & Economy Page 41

29

Aug

Flour Mills of Nigeria Plc reports N1.54tn as revenue in 12 months, declares N2.25 as dividend

  • Ruth Omoteso
  • Dividend declaration

Flour Mills of Nigeria Plc has declared a final dividend of N2.25 for the year ended 31 March 2023. The Group reported revenue of N1.54 trillion for the 12 months period, up by 32.3% from 1.16 trillion reported the previous year. Profit after tax grew by 5% year on year to N29.504 billion from N28.015 billion reported […]

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29

Aug

Cutix Plc appoints Ifeanyi Uzodike as Non-Executive Director

  • Ruth Omoteso
  • Appointment of Non-Executive

The Board of Directors of Cutix Plc has notified the Nigerian Exchange Limited, shareholders and the investing public of the appointment of Mr. Ifeanyi Francis Uzodike as a Non-Executive Director of the Company effective August 25, 2023. The announcement was made at the 40th Annual General Meeting of the Company held at Anaedo Social Club Hall, 20,[…]

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28

Aug

Nigeria’s inflation rate grew to 2.51% in Q2 2023

  • Ruth Omoteso
  • Nigeria Inflation grew in Q2

Recent report by the National Bureau of Statistics revealed that Nigeria Gross Domestic Product (GDP) grew to 2.51% in real terms in the second quarter of 2023 from 2.31% reported in Q1 2023. This growth rate is lower than the 3.54% recorded in the second quarter of 2022 and may be attributed to the challenging economic conditions[…]

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