According to GlaxoSmithKline Nigeria Plc's recently released financial statement for 2023, the company's profit dropped by 33.76% to N510.80 million in 2023 from N771.15 million in the previous financial year.The company announced this in a notice filed with the Nigerian Exchange Limited on Tuesday ...
Yesterday, the Central Bank of Nigeria (CBN) increased the exchange rate for paying customs duties at the nation's seaports by 11.1% following the crash in the value of naira against the dollar in the FX market.According to information from the Nigeria Customs Service's official trade portal, CBN increased the Customs FX duty rate from N1,150.16/$ to N1,329.94/$ on Thursday, April 25.This hike ind...
Dangote Cement Plc released its first quarter (Q1) report yesterday. The quarter ended March 31, 2024, and was unaudited. The cement company reported that profit before taxes was N166.4 billion, up 13.3% from the N146.8 billion recorded in the first quarter of 2023. On the Nigerian Exchange Limited (NGX), Dangote Cement Plc reported a Q1 2024 profit after tax of N112.67 billion, a 3% rise fro...
