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Globacom and the telecom sector: 18 years of bold moves
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Globacom and theTelecom Sector: 18 Years of Bold Moves
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Goddy Egene
Shareholders of Conoil Plc are to receive a dividend of N1.04 billion for the year ended December 31, 2020. The dividend, which translates to 150 kobo per share was recommended following the release of the audited results of the petroleum products marketing firm.
Details of the results showed that the company recorded a revenue of N117.470 billion in 2020, compared with N139.758 billion in 2019.
Cost of sales printed at N107.657 billion as against N126.319 billion, making the company to end the year with lower gross profit of N9.818 billion as against N13.439 billion in 2019.
Distribution expenses stood at N2.072 billion, down from N3.074 billion the previous year, just as administrative reduced from N6.603 billion to N5.182 billion, while net finance cost was significantly reduced from N1.113 billion to N705 million.
PENDULUM BY DELE MOMODU
“ As you rightly put it, Buhari has helped to expose the fault lines we have ignored and may unwittingly help the process of the nations that make up this hapless country to emerge.
Britain is one of the most federal countries in the world, but they have modelled a system that allows them to put 4 separate nations forward in the World Cup (England, Scotland, Wales and Northern Ireland) but they then go to the United Nations as one country, a superpower. It is a good thing for the main 9 to 12 component nations to dissolve into a Commonwealth of Independent States. We will then function as a borderless union of nations but with all the rights of independent states. That way, Arewa Emirates may use their national budget to construct rail to Maradi or even merge with Niger. We can prevent stark illiterates from swamping us in the south as Okada riders or beggars…”