Leading fast-moving consumer goods company, PZ Cussons Nigeria has reported a gross profit of N60.6 billion for the fiscal year ending May 31, 2024. This figure represents an 84% increase from the N32.95 billion gross profit the company posted in the previous fiscal year. PZ Cussons Nigeria also posted a revenue of N152.2 billion during the fiscal year under review, representing a 33.5% growth from the N114 billion revenue it generated in the previous fiscal year. This meant that its cost of sales for the fiscal year was N91.6 billion, a 13% year-on-year increase. The company however declared a net…
Author: Michael Chibuzo
The Ministry of Marine and Blue Economy under the leadership of the Honourable Minister Gboyega Oyetola has emerged as the overall best performing ministry in the Ease of Doing Business ranking. This was revealed on Friday, at the town hall meeting, by the Special Adviser to the President on Presidential Enabling Business Environment Council (PEBEC) and Investment, Dr. Jumoke Oduwole. The Presidential Adviser explained that the meeting, which was chaired by Vice President Senator Kashim Shettima, was held to review the Regulatory Reform Accelerator (RRA) report in alignment with President Bola Tinubu’s eight-point agenda, which prioritizes business climate reforms. Dr.…
In a bid to revitalize the Nigerian health sector, President Bola Tinubu, has signed an Executive Order aiming to increase local production of healthcare products (pharmaceuticals, diagnostics, devices such as needles and syringes, biologicals, medical textile, etc.). The signing of the Executive Order by the President was revealed by the Coordinating Minister of Health and Social Welfare, Mohammad Ali Pate who announced that the executive order introduces zero tariffs, excise duties and value added tax (VAT) on imported pharmaceutical inputs used by pharmaceutical companies. According to Pate, the Minister of Justice and Attorney General of the Federation, Prince Lateef Fagbemi…
President Bola Tinubu has approved the appointment of eight new Federal Permanent Secretaries to fill in existing and impending vacancies of some states and geo-political zones in the top administrative cadre of the Civil Service of the Federation. The new Federal Permanent Secretaries according to Presidential Spokesman, Chief Ajuri Ngelale, were appointed after a diligent selection process by the Office of the Head of the Civil Service of the Federation. They include the following: (1) Dr. Emanso Umobong Okop – Akwa-Ibom (2) Obi Emeka Vitalis – Anambra (3) Mahmood Fatima Sugra Tabi’a – Bauchi (4) Danjuma Mohammed Sanusi – Jigawa…
Popular twitter influencer, Kelvin Odanz whose alleged marital infidelity was exposed today by his estranged wife, Lady Nabo is attempting to break into the apartment of the estranged wife’s sister. According to an SOS post made by Mr. Kevin’s estranged wife on her twitter handle, Mr. Kelvin Odanz came with their two year-old daughter to her sister’s apartment where she’s currently living and has allegedly broken the first door in the apartment. “Kelvin Odanz is now at my sister’s place!!! He has destroyed the first door, it is raining heavily and Kelvin brought our 2year 10 old months daughter in…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has ordered the arrest of two officers of the Commission who were captured on CCTV as they manhandled and assaulted a female staff of Regional Hotel, Ojo, Lagos. The EFCC in a press statement signed by the Commission’s Head of Media and Publicity, Dele Oyewale said that some of its officers were sighted in a viral video assaulting the staff of the hotel in an early morning sting operation in Lagos. It added that the operation yielded a sizable number of suspects who are still being…
…says current security strategies already yielding results President Bola Ahmed Tinubu has declared that his administration will not rest on its oars until banditry, terrorism and other forms of insecurity are completely eliminated from the country. He said at the moment, the nation is witnessing a turning point, as the strategies being adopted by security forces, including rules of engagement employed are already beginning to yield results. The President spoke on Monday when he declared open the North West Peace and Security Summit with the theme, “Regional Cooperation for Securing Lives and Livelihoods in North West Nigeria,” organised by the…
After a lengthy legal saga, Wikileaks founder, Julian Assange has regained his freedom. Wikileaks confirmed that its founder has left the UK after reaching a deal with US authorities that will see him plead guilty to criminal charges and go free. Julian Assange who is 52, was charged with conspiracy to obtain and disclose national defence information. For years, the US has argued that the Wikileaks files – which disclosed information about the Iraq and Afghanistan wars – endangered lives. The Wikileaks founder spent the last five years in a British prison, from where he was fighting extradition to the…
A delegation of the British multinational bank, Standard Chartered Bank led by the Group Chief Executive of the bank, Mr. Bill Winters on Monday met with President Bola Ahmed Tinubu at the State House in Abuja. Speaking at the meeting, President Tinubu said Nigeria remains committed to a balanced approach to energy transition and still requires substantial investments in the oil and gas sector to meet the energy demands and economic needs of its population. He called for a just energy transition that supports vulnerable communities across the nation. Highlighting the importance of balancing the mutually beneficial shift to green…
President Bola Tinubu has approved the appointment of Mr. Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), pending confirmation by the Senate. Mr. Bello is a lawyer, administrator, and renowned journalist and a former secretary to the Lagos State Government under the administration of Gov. Akinwunmi Ambode. He holds a Master’s degree in international law and diplomacy from the University of Lagos. He studied law at the same university and was called to the Nigerian Bar in 2002. Mr. Bello began his career in journalism at the Concord Newspapers in…