In a resounding display of economic prowess, BUA Foods Plc has taken the Nigerian business landscape by storm. This powerhouse of a company has surged to the forefront, securing its position as Nigeria’s most profitable consumer goods company. The first half of 2023 has witnessed BUA Foods achieving an astounding milestone, reporting a net profit […]
List Of FMCGS Who Pay Most Income Tax In Nigeria – New Report
According to data extracted from the Nigerian Exchange Group (BGX), Nestle Nigeria paid the highest income tax among Fast Moving Consumer Goods (FMCG) companies in the first quarter of 2023. In total, FMCG companies paid around N33.92 billion in the first three months of 2023. This represents a 3% increase when compared to the corresponding […]
BUA Foods Records 30% Profit Rise In Fiscal Year 2022
BUA Foods, a unit of Nigerian conglomerate with business interests spread across the food and infrastructure sectors, has reported a profit surge of 30% representing an after-tax profit of 90.4 billion naira (US$195.4 million). The stellar performance was driven by sales growth that shot revenue of the 2022 fiscal year up 25% to a record […]