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Nestlé Nigeria declares N35.67b interim dividend despite 13% fall in Q3 profit

WorldStage Newsonline– Nestlé Nigeria Plc which is into manufacturing, marketing and distribution of food products including purified water throughout the country on Wednesday released its unaudited financial statements for the period ended 30 September 2020 with 1$ rise in revenue to N212.733 billion from N211.347 billion in 2019.

ECONOMY

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Nigeria’s Purchasing Managers’ Index rises to 49.4 in October – CBN

WorldStage Newsonline– The October Purchasing Managers’ Index for the manufacturing sector stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May,  according to the result of PMI survey released by the Statistics Department of Central Bank of Nigeria (CBN) on Tuesday.

POLITICS

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#EndSARS: APC tackles PDP for faulting Sanwo-Olu’s projection of N1 trillion to restore Lagos

WorldStage Newsonline– The All Progressives Congress (APC) in Lagos State has attacked the Peoples Democratic Party (PDP) for faulting Gov. Babajide Sanwo-Olu’s projection of N1 trillion to restore property destroyed during #EndSARS protests.

FOREIGN

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Iran plans to sell more arms after UN embargo lift

Iran on Monday said it is more inclined to sell weapons rather than buy them, after it announced the end of a longstanding UN conventional arms embargo, Tasnim news agency reported on Monday. .