Dangote Cement posted a record profit after tax of N210.2 bn.

The largest capitalised company on the Nigerian Stock Exchange, Dangote Cement, has posted a record profit after tax (PAT) equal to N210.2 billion for the company and N201.2 billion for the group.

These figures were contained in the latest audited account released in Lagos.

In 2012, the cement manufacturing octopus made a PAT of N145 billion for the group and N146 billion for the company.

Gross profit stood at N243 billion for the company last year, as against N146 billion earned in 2012.

The company reported an increase of about N100 billion in its turnover, from N298 billion for the group in 2012 to N386 billion last year.

Earnings per share was N11.85, according to the group performance, while in 2012, each share earned N8.52.

The company has not indicated what it intends to pay as dividend to its shareholders.

 
READ MORE: http://news.naij.com/62904.html

READ MORE: http://news.naij.com/62904.html

Student In Prison Custody Over Underage Teen Rape

A 19-year-old student, Fidelis Ojor, was remanded in Keffi Prison by an Abuja Senior Magistrates’ Court in Karu, FCT on Wednesday.

Ojor is charged with the attempted rape of a minor as he lured a three-year-old girl into his house where he attempted to defy her.

The case was reported to the police on Jan. 21 by Mr Chibueze Okereke, the girl’s father.

The man further alleged that the accused forcefully inserted his finger into the girl's private part, leaving her with bruises and severe pains.

The offence contravened section 285 of the Penal Code, which prescribed a seven-year jail term for attempted rape if found guilty.

The defender, Egbaji, asked for bail, stating that “the accused is a promising young man, who has unfortunately become a victim of this allegation’’.

For its part the prosecutor, Sgt. Bulus Samuel, objected to the application saying that offences bordering on rape were not ordinarily bailable.

He also highlighted that the case was under investigation as the police were still waiting for victim's medical test results.

Sgt. Bulus Samuel assumed that granting the accused bail could affect the investigation.

He said, "We are not magicians to fabricate facts."

However, Ojor, who lives behind Gowon Barracks, Abuja, pleaded not guilty to the charge.

The prosecutor re-arrested the accused, who was in police custody for more than 2 weeks, before he was brought to this court on Wednesday.

It's became known that the accused had earlier been arraigned on the same matter at the Upper Area Court in Karu and the prosecutor applied for withdrawal of the case which was granted.

READ MORE: http://news.naij.com/62876.html

READ MORE: http://news.naij.com/62876.html

Whitney Houston’s Daughter, Bobbi Kristina Claims She Inherited Mother's Voice, Wants To Sing

Whitney Houston's daughter claims she has inherited her mother’s voice and teased fans she is preparing to put it to use.

On her official Twitter page, 21-year-old Bobbi Kristina wrote: "Think about it.. She had 1babygirl, lungs and a GORGEOUS unforgettable voice .. Who do you think ONLY has HER vocal chords.. ? (sic)"



The daughter of singer Bobby Brown and late Whitney Houston warned everyone who questioned whether she would be able to live up to her mother’s high standards that she fully intends to.

When one of Whitney Houston's fans wrote on Twitter that "NOBODY has her vocals," Bobbi replied that she shouldn't underestimate what she (her mother) made.

According to a source, Mariah Carey and former ‘American Idol’ judge Randy Jackson were close friends of Whitney Houston. And after her sudden death in 2012, they kept in touch with Bobbi.

The young star is also rumoured to be getting help with her career from Mariah Carey and former ‘American Idol’ judge Randy Jackson.

A source said: "Now Randy has decided he wants to help Bobbi Kristina become a star – and Mariah told him she wanted in, too.

"Mariah would love to step in and provide mentoring to [Bobbi] because she and Randy have been so close … They have years of music experience between them and will share all their knowledge with Bobbi Kristina."

READ MORE: http://news.naij.com/62847.html

READ MORE: http://news.naij.com/62847.html
READ MORE: http://news.naij.com/62847.html

Olamide denies expecting a baby with longtime girlfriend

So I wrote a story today that Olamide is expecting a baby with his longtime girlfriend, Adebukunmi Aisha Suleiman. Someone in his camp put the story out because I am not the only news source to carry it, but anyway, Olamide has denied that this is true. He took to twitter about an hour ago to lash out at me. See Tweets below...





I feel like one, he's been waiting for the moment to lash out at me..lol. Which is fine. And two, I also see he's mad that I don't post his songs and videos on my blog. If I'm not posting it, it's because no one is sending to me...I'm a huge fan so.... Oh and love you too, boo! *wink*

Desmond Elliot Enrols At Colorado Film School

Nollywood top actor, Desmond Elliot, sure knows how to keep reinventing himself, as he has taken the opportunity of the federal government of Nigeria's Nollywood Project ACT initiative, instituted by President Goodluck Jonathan, to go back to school.

Desmond has just resumed at the Colorado Film School in the United States of America and is expected to spend some time there honing his skills, expand his knowledge and getting better for challenges ahead.

The Nollywood Project ACT initiative was given birth to by President Jonathan's N3 billion intervention fund and grant scheme dedicated to addressing some of the challenges facing the movie industry.

The program was meant to support key components along the industry's value chain with the objective to harness the growth of the industry.

While many of his colleagues have been trying to access the funds for personal gains and some even fighting bitterly over the money, Desmond, and some wise ones amongst them, have been using the grants to equip themselves for a better tomorrow.

Congratulations Desmond Elliot.