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Nine Firms Present Scorecards To NSE

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16 years ago

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Nine firms recently presented their scorecards to the council of the Nigerian Stock Exchange and their shareholders, as the full suspension placed on the shares of Gold Link Insurance Plc was lifted.

Precisely, the full suspension placed on the November 24, 2009 was lifted following the reconstruction of the company’s issued shares to the ratio of two for one.

Consequently, the new Issued Shares is now 4,549,947,000 shares of 50 kobo each at N1.00 per share.

For instance, audited result of Nigerian Enamel were Plc for the year ended 30th April 2009, showed to turn over of N2.4 billion as against N1.5 billion during the 7 months ended April 2008, while its profit after tax stood at N63.5 million  compared with N19.8 million in 2008.

Following the result presented, the company’s Board of Directors is recommending a dividend of 40 kobo per share to its shareholders for approval, with the date of closure of register of members stated as December 31, 2009 while payment date is February 11 2010.

For Nampak Nigeria Plc, its audited result for the year ended 30th September, 2009 showed a turnover of N4.12 billion as against N2.97 billion in 2008, while its profit after tax stood at N42.53 million compared with loss after tax and exceptional items of N231.02 million in 2008.

Unaudited result of Ashaka Cement Plc for the third quarter ended 30th September 2009 showed a turnover of N12.7 billion, as against N15.3 billion in the comparable period of 2008, while profit after tax stood at N1.19 billion compared with N2.12 billion in 2008.

Similarly, unaudited result of Crusader Nigeria Plc for the third quarter ended 30th September 2009 showed a turnover of N3.16 billion, as against N2.44 billion in the comparable period of 2008.

With a loss after tax and exceptional items which stood at N245.14 million compared with profit after tax and exceptional items of N774.8 million in 2008, the company made provision for bad and doubtful debts of N171.72 million, down from N272.43 million during the same period in 2008.

For its future projection, AG Leventis Nigeria Plc, has projected a turnover of N38 billion and profit after tax of N191.5 million for the first quarter ended March 31, 2010, while Nigerian Bottling Company Plc, presented a forecast of a turnover of N1.44 billion and profit after tax of N981 million for the first quarter ended March 31, 2010.

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Kenyan Runners Dominate Berlin Marathons

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21 hours ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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22 hours ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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22 hours ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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