Economy
Cadbury Nigeria Delivers Double-Digit Bottom-Line Growth in FY19
By Dipo Olowookere
When in March 2019 Cadbury Nigeria Plc announced that Mrs Oyeyimika Adeboye will from April 1, 2019 become its first female Managing Director since its establishment over five decades ago, those who are very close to her knew it was the beginning of good things to come the way of the beverage company, which had before then been battling to remain highly competitive in the industry.
True to expectations, the assumption of Mrs Adeboye, who took over from her predecessor, Mr Amir Shamsi, has resulted into a turnaround of fortunes for Cadbury Nigeria, which has its headquarters in Lagos.
On Friday, the company released its financial statements for the full year ended December 31, 2019 and the numbers were very impressive, with double-digit growth in the bottom-line.
While some companies in the sector are raking losses due to the closure of Nigeria’s land borders since August 2019, Cadbury is recording gains, growing its revenue by 9 percent to N39.3 billion from N36.0 billion in the corresponding period of 2018, with the cost of sales rising to N31.0 billion from N28.0 billion over 2018.
This left the company with a gross profit of N8.3 billion versus N8.0 billion in the same time of 2018.
According to the results, the amount raked from other income improved to N87.1 million from N20.2 million 12 months earlier, while N185.3 million came into the company’s purse through finance income, higher than N116.8 million in the same time of 2018.
The firm further revealed that during the year under review, selling and distribution expenses gulped N5.2 billion compared with N4.7 billion in the 2018 fiscal year, while the sum of N1.8 billion was used on administrative expenses, higher than N1.6 billion in FY2018, while inpairment of receivables gulped N30.6 million, higher than N10.8 million in the same period of 2018.
At the close of business on December 31, 2019, result from operating activities stood at N1.4 billion, lower than N1.7 billion as at December 31, 2018.
An analysis of the bottom-line of the results by Business Post showed that the profit-before tax grew by 26 percent to N1.5 billion from N1.2 billion recorded in the 2018 financial year, while the profit after tax appreciated by 30 percent to N1.1 billion from N823.1 million.
On the balance sheet, the total assets of Cadbury Nigeria as at December 31, 2019 stood at N28.8 billion as against N27.5 billion as at December 31, 2018, while the total liabilities increased to N15.2 billion from N14.8 billion.
Cadbury Nigeria said it closed the year under consideration with retained earnings of N8.8 billion, higher than N8.0 billion of the previous year.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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