Less cash for Meyer Plc as loss hits N17m
Meyer Plc is not benefitting from the paint industry as the company's net cash from operations declines to N-156.9 million in 2022, showing that the paint manufacturer's core business…
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Consumer goods firms chase loans to finance short-term uncertainties
Nigerian consumer goods firms are finding it difficult to earn cash from their main business operations due to growing inflation, declining consumer purchasing power, and the devaluation of…
BUA Cement’s profit wilts on high operating expense, finance costs
Driven by the elevated pricing environment and improved volumes, BUA Cement’s profit and revenue hit a five-year record high despite elevated production and operating costs and its weighty…
Urea’s N810bn haul shows Nigeria’s export potential
Urea has replaced sesame seeds as Nigeria’s biggest non-oil export product, fetching N810 billion in 2022 for Africa’s biggest economy, BusinessDay’s findings show.
Data from the National…
PenCom lists Stanbic IBTC Bank for funding of RSA backed mortgage
The National Pension Commission (PenCom) has named Stanbic IBTC Bank as one of the banks to process Retirement Savings Account (RSA) backed mortgages.
The RSA Backed mortgage initiative…