By Alex C Continuous accelerating costs have continued to dampen Dangote Flour Mills (DFM) profit growth, analysis of the financial statement shows. For the first nine months through September 2014, the company recorded a loss after tax of N6.11 billion, representing a 15.44 percent reduction, compared with the loss of N7.21 billion in the corresponding year (Q3) 2013. Based on BusinessDay analysis, the loss was caused by spiralling costs such as the 32.6 percent increase in cost of sales to N38.57 billion from N29.31 billion the preceding year. Operating expenses were up by 11.81 percent to N7.53 billion as against…
Author: Pride Team
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My dear daughter, As we all journey through life, we are bound to misstep from time to time. We are not superhuman; we are all fallible, and are bound to make some mistakes. However, it is not the mistakes that we make that should matter but the lessons we learn from those mistakes. It is very important that we take to heart the lessons we learn from mistakes we make, so that we do not make the same mistakes again. Our mistakes should make us to reflect on the steps to take to correct or remedy them, and move on…
Tuesday, November 25, 2014, Singer, songwriter and performing artiste, Niyola, officially released the remix to her smash hit; Love To Love You which originally featured label boss, Banky W. This Hip Hop remix comes a week after the release of the Made Magazine fashion film starring Niyola. Most interesting and which has been causing quite a stir among her fans was the new sexy picture she released alongside the promo hit. Eniola Akinbo known as Niyola’s unique story as a successful artiste started in 2000 when she took part in the AMEN starlet competition and emerged first runner up –…
Popular singer, Zaaki Azzay is a father again. The talented singer and his new wife, Hembadoon, have have been blessed with a boy. Hembadoon gave birth to their first child together on Sunday, November 23, 2014 at the Federal Staff Hospital, Jabi Abuja. We confirmed that both the mother and the tiny tot are in good condition. Zaaki and Hembadoon got married in May this year after his marriage to first wife and mother of his three children, Hadiza Anyamikegh collapsed two years ago. Hadiza who walked out of their marriage two years ago following allegations of domestic violence, said she’s…
By Alex C Women who chose Ruby, a female-focused current account offered by pan-African bank, United Bank for Africa (UBA) plc, are set to now enjoy more perks as the bank has expanded its list of exclusive partners offering special services to its female account holders. Ruby is a current account offered by UBA exclusively to its female bank customers to satisfy some of their business and personal and needs comes with several specially attached privileges for account holders. The current account is specifically designed for the discerning woman of substance providing unique services to fit the banking needs of…
By Alex C TAC Professional Services, a chartered accountants/professional and consulting firm, has formally become a member of Integra International accounting network and association. Integra International is a worldwide organisation (with more than 120 individual firms, located in over 70 counties) of independently owned and managed professional service firms, providing audit, tax, consulting and specialist advisory services. Integra International is an interactive global association that shares knowledge openly and regularly, offering expanded professional service to their clients, including meeting their national and international needs. TAC was admitted into Integra International membership in June 2014. The firm, under the leadership of…
By Alex C Sovereign Trust Insurance has witnessed a 15.80 percent rise in gross premium earned, as the Nigerian insurer relentlessly pushes its products across the country, analysis of the financial statement shows. For the first nine months through September 2014, Sovereign Trust’s net premium earned increased by 15.80 percent to N3.85 billion from N3.32 billion the same period of the corresponding year (Q3) 2013. The company’s underwriting capabilities were efficient as gross premium increased by 9.20 percent in Q3 2014, against the preceding. There are opportunities for Sovereign Trust to further consolidate its share of the market as the…
But for sloppy gate-keeping by the Narcotic Control Board, the female Ghanaian cocaine trafficker who was busted at Heathrow on November 10 with 12.5 kg of cocaine should not have made it to the tarmac of the Kotoka International Airport, Accra. Ms Nayele Ametefeh, now languishing in British jail, had been on NACOB’s watch list since 2009 as someone who used a number of aliases. Mr. Anthony Smith, a former NACOB Commander who retired in 2010 at KIA who disclosed this said Nayele had been on NACOB’s cocaine trafficking watch list for the past five years as Ruby Appiah, an…