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Business
Champion Breweries Plc reports 73% drop in profit
Champion Breweries Plc, a prominent Nigerian brewing company, witnessed a significant decline in profit,!-->…
Nigerian startups raise $160 million in 3 months
Despite a slowdown in funding across the African continent, Nigerian startups have raised an impressive $160!-->…
Tony Elumelu eyes purchase of Nigerian Premier Football League Club
Renowned Nigerian billionaire Tony Elumelu has shown interest in acquiring a club in the Nigeria Premier Football!-->…
Premium Pension AUM rises to N1.134trn
Premium Pension Limited, a leading Pension Fund Administrator (PFA) in Nigeria, achieved significant growth in its!-->…
CAC places FBN Holdings records on caveat
The Corporate Affairs Commission (CAC) has taken action amid the crisis rocking the board of First Bank of Nigeria!-->…
Nigeria set to receive $1.05 billion syndicated loan backed by oil
The federal government has finalized arrangements to receive a $1.05 billion syndicated loan backed by oil by the!-->…
Forex losses hit currency dealers as CBN slashes BDC rate to N1,117.5/$
Currency dealers expressed concern over mounting losses and decreasing demand for the dollar as the naira!-->…
High costs push manufacturing exports down 62% in 4yrs
The manufacturing sector's contribution to Nigeria's non-oil exports has experienced a significant decline of 62%!-->…
CBN’s policy reforms propel naira to high, but challenges remain
The Central Bank of Nigeria (CBN) has successfully implemented most of its long-awaited monetary policy reforms,!-->…
U.S. treasury secretary urges China to address global economic concerns
U.S. Treasury Secretary Janet Yellen recently highlighted growing worries about China's excessive manufacturing!-->…
Johnson & Johnson to acquire Shockwave medical for $12.5 Billion
In a significant move to expand its portfolio of medical devices for heart disease treatment, Johnson &!-->…
Foxconn forecasts revenue growth in Q2 after dip in Q1
Foxconn, the world's largest contract electronics manufacturer and key assembler of Apple's iPhone, anticipates a!-->…
Petrol queues returns as NNPC struggles to meet demand
Motorists in certain parts of Lagos encountered renewed queues at petrol stations on Thursday, attributed to!-->…
Nigeria’s raw material imports surge by 25%
In 2023, imports of raw materials into Nigeria witnessed a substantial increase of 25%, totaling N3 trillion, as!-->…
Stock market sees investor losses on bearish trading
Stock investors faced losses totaling N252 billion as the Nigerian Exchange sustained a bearish trend on Thursday,!-->…
Stanbic IBTC bank upgrades mobile app
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, introduced an upgraded version of its mobile app!-->…
Less than 30% of taxable citizens pay tax in Nigeria
The Christian Aid UK Nigerian Programme has disclosed that less than 30% of taxable citizens in Nigeria contribute!-->…
ThinkBusiness Africa faults proposed sugar tax hike
ThinkBusiness Africa, an economic analysis and policy advocacy group, has raised concerns regarding the assertions!-->…
Global markets watchdog proposes closer scrutiny of stock exchanges
The International Organization of Securities Commissions (IOSCO) suggested new guidelines on Thursday to help!-->…
Japanese companies agreed on biggest wage hike in 33 years, union group says
A group of Japanese companies have agreed to increase wages by 5.24% this year, according to Rengo, the country's!-->…
African airlines lead global air cargo demand growth in Feb. 2024
A new report by the International Air Transport Association (IATA) has revealed that African airlines experienced!-->…
SME agency tightens credit facility process for small businesses
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has implemented a new selection process!-->…
Nigeria’s business activity remains steady in March: Stanbic
According to the latest Purchasing Managers' Index (PMI) published by Stanbic IBTC, business activities in Nigeria!-->…
Transcorp plc reports 93% profit growth in 2023
Transnational Corporation Plc (Transcorp) witnessed a substantial increase in its profit before tax, soaring by!-->…
Dangote refinery to reduce dependency on imported petrol by May
There are signs that Nigeria's reliance on imported petrol will decrease significantly as the $20 billion Dangote!-->…
Dangote sugar refinery launches N50bn commercial paper offer
Dangote Sugar Refinery PLC (DSR) has introduced Series 2 and 3 Commercial Paper offers totaling up to N50 billion!-->…
Gabon launches national dialogue for democratic revitalization
Gabon has embarked on a historic national dialogue led by President Felix Tshisekedi, marking a significant!-->…
Virgin Atlantic expects profitability in 2024 Demand
Virgin Atlantic anticipates returning to profitability in 2024 following robust revenue growth driven by increased!-->…
MTN Nigeria seeks shareholders’ input In capital loss management
MTN Nigeria has announced plans to hold an extraordinary general meeting (EGM) with its shareholders later this!-->…
FX market roars back to life with $1bn single-day trade
On Tuesday, Nigeria's foreign exchange market experienced its highest turnover in a single day since 2017,!-->…