By Alex C Computer Warehouse Group Plc is targeting revenue of N16.5bn and profit after tax of N300m for the current financial year. Austin Okere, founder/chief executive officer of CWG, said the Company plans to further execute and recognise revenues from the traditional brick and mortar business which shall see a 46 percent increase in revenue from quarter third quarter (Q3) numbers to N16.5bn by year end, and a correspondingly higher 61 per cent increase in profit after tax to N300m. “This reflects a continuing improvement in margins with a greater efficiency in our operations, and good focus on the…
Author: Pride Team
By Alex C Bua Group International, a Nigerian conglomerate involved in the manufacturing of various household goods, has invested over $500 million in a green-field cement plant in Okpella, Edo State, to add additional 3 million tons per annum to the Nigerian cement market in February 2015. The plant, tagged Obu Cement Plant, when completed, will take Bua’s capacity to 5.3 million metric tons per annum, and hopefully crash cement price. Bua Group recently bought shares in Edo Cement Company Limited, maker of Rhino Cement, which presently produces 300,000 tons of cement per annum. With the coming of Obu Cement…
By Alex C The Central Bank of Nigeria (CBN) banned the sale of dollars to importers of telecom equipment, power generators and finished products at its foreign exchange auction, instead shifting demand to the interbank market, dealers said at the weekend. The CBN also restricted lenders and discount houses from placing more than 7.5 billion naira ($44 million) each as deposits with the regulator, swelling interbank naira liquidity. The naira hit a new intraday low of 170.5 against the dollar on Friday, falling 1.87 percent as the stock market continued to slide.xosotin chelseathông tin chuyển nhượngcâu lạc bộ bóng đá…
The president Goodluck Jonathan has decided to declare his second term bid tomorrow to contest the 2015 presidential election at the Eagle Square, Abuja, where over 2,000 groups, civil society organisations, supporters and admirers from all over the country are expected to participate. Consequently, the PRESIDENT has launched his battle cry, “Nigerians First, Nigerians Always,” which he hopes to use to convince the people, as he bids to win a second term in office. Chairman of the media sub-committee of the presidential declaration committee, Senator Aniete Okon, announced at a press conference in Abuja, on Sunday, that the president decided…
The Spiritual Head of the Church of England, Anglican Communion, the Archbishop of Canterbury the Most Reverend Justin Portal Welby, has visited Ghana in continuation of his worldwide tour of 37 Anglican Provinces in the world. He told news men a at the residence of the British High Commissioner , Mr Jon Benjamin that he was in Ghana, as in the other 35 provinces that he had already visited to “primarily understand their challenges and to learn from the experiences” of his other 36 colleague archbishops who head the provinces. Accompanied by his spouse, Caroline, and staff of his office,…
South Africa’s ruling African National Congress has dared the other political parties – the Economic Freedom Fighters, the Freedom Front Plus, Democratic Alliance and Cope – to continue with their obstructive politics and it would carry on without them. ANC Secretary-General Gwede Mantashe who issued the warning deplored current incidents in Parliament where opposition parties had walked, stressing: “they needed to be stopped.” Speaking at the ANC’s cadre assembly in Mahikeng in the North West, attended by all ANC members and alliance partners in the Ngaka Modiri Molema region, Mantashe declared that the “ANC must not be ashamed to take…
Blessing Okagbare is married! As reported earlier, she tied the knot with fellow athlete Igho Otegheri at St Patrick Catholic Church in Sapele,Delta State on Saturday, November 8,2014. Shortly after her marital oath she assured her fans that her marriage won’t detract her from athletics. “Getting married won’t in any way stop me from doing the usual things on the track,” said Okagbare. “I have been looking forward to this moment and by the Grace of God, we will celebrate it with everything.” “But one thing I want to assure my fans and all Nigerians is that I will continue…
Popular actor cum director, Muyiwa Ademola (Authentic) has recently signed an endorsement deal with an international school, Ledra College, Nicosa, Cyprus. The producer of the award winning movie ORI is reaping the fruits of his labour. In recent times, the Ogun State-born actor has been taking series of endorsement deals from different reputable organisations home and abroad. Adding another feather to his cap, Muyiwa Ademola was recently appointed as the ambassador of Ledra College, Nicosa, Cyprus, an international school. Since his appointment by the Institution, the award winning movie director has since been advertising the school in Nigeria via…
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