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Business
BUA Foods’ Sales Rises to N418 billion
The consumer goods company BUA Foods reported that its full-year revenue for 2022 increased by 26% to N418.3…
MTN Shareholders can Purchase Dividend-paying Shares at N232.68.
For interested shareholders, MTN Nigeria has disclosed the price per unit for its shares under the scrip dividend…
Report: Less than 7% of African Businesses are Adopting Technology.
According to the paper that was published, economists from the World Bank and IFC examined data from a survey of…
Nigerias’ Financial Crisis Lowers Productivity in the Private Sector.
In March 2023, the private sector of the Nigerian economy saw productivity steadily decline as a result of the…
World Bank: Incoming Govt Faces Weak Growth, Multiple Policy Issues
According to the World Bank, this year will bring policy issues and lackluster economic development for Nigeria's…
Nigeria FG Implements 180 Business-friendly Reforms.
More than 180 reforms have been implemented by the Presidential Enabling Business Environment Council with the…
African Development Bank Approves $525,000 Grant for Fintech Companies.
A grant of $525,000 has been authorized by the African Development Bank for an online digital hub that will act as…
International Breweries Increases Revenue by 20% to N218 Billion in 2022.
For the fiscal year that ended on December 31, 2022, International Breweries Plc saw a double-digit increase in…
Insurance Industry Growth Policies are Sought by Loss Adjusters.
In order to fully utilize the potential of the insurance sector, the Institute of Loss Adjusters of Nigeria has…
Oando Earns a Profit of N34.7 billion.
Oando Plc, an energy firm, reported that its earnings after tax increased to N34.7 billion in the fiscal year…
Moribund Mills: Swallow N1.63 trillion in Paper Imports in Five Years
Nigeria spent N1.63 trillion on the importation of paper and related products in the last five years despite…
Insurance GPI Increases by 36.3% to N726.2 billion, While Claims Payments Increase…
The industry has seen a 36.3 percent increase in Gross Premium Income (GPI) quarter over quarter and a 17.8% year…
Paystack CEO Purchases a 55% Share in a Danish Soccer Team.
Shola Akinlade, co-founder and CEO of Paystack, has acquired a 55% ownership position in Danish second-division…
Equity net profit up 15% to record Sh46 billion.
As the most profitable lender in the area, Equity Group's net profit for the year ended December 2022 increased by…
FCMB Initiates a N300 billion Capital Raise.
After the first tranche of the multi-tranche program was successfully completed, FCMB Group Plc, the parent…
Review the Cashless Policy, Small Business Owners Urge FG
The Central Bank of Nigeria has been requested to examine its cashless policy by small company owners operating…
Investors Purchase N2.61trn FG Bonds in Q1 2023 as Yield Fall Below Inflation Rate
In the first quarter of 2023, domestic investors bought N2.61 trillion worth of FGN Bonds, of which N1.89 trillion…
NEXIM Bank and NIWA Increase Regional Trade.
The release of navigational charts for the lower River Niger in Abuja, according to the Nigeria Export-Import…
Nigeria, Japan trade hits $10b
The yearly commerce between Nigeria and Japan is $10 billion, and it is anticipated that this figure will climb as…
International Breweries Supports Climate Action with Gas-Powered Trucks
International Breweries Plc has started using gas-powered vehicles to transport its products around the nation as…
N1trn Debt Payment, Gas Supply, Others Top Gencos’ Agenda for Incoming Govt
The next president should give special attention to a number of challenges that Power Generating Companies…
Despite Europe’s Need for Spot Supply, Nigeria’s LNG Production…
According to a Natural Gas Intelligence (NGI) report, the six-train Nigeria LNG (NLNG) facility on Bonny Island…
SEC Rejects Nigerian Enamelware’s Debt Conversion, Bonus Shares
Nigerian Enamelware Plc's attempt to convert a significant shareholder's debt to equity was denied by the…
NEXIM, Navy, and NIWA Unveil River Navigation Charts, Providing a Boost to the…
The release of navigational charts for the lower River Niger has boosted the $61.5 million regional Sealink…
Manufacturers Seek Access to Loans
The Manufacturers Association of Nigeria, which represents manufacturing CEOs, claims that the difficulty in…
Manufacturers Claim a 25% Decline in Sales Due to a Cash Shortage.
According to manufacturers, the prolonged shortage of naira notes has caused a 25% decline in sales of…
FG Names the Top Five Agencies for Business Efficiency.
The top five business-efficient and transparent agencies among the federal government's Ministries, Departments,…
Private Sector Blames the Naira Crisis for the Increase in Inflation to 21.9%.
The naira redesign strategy, which was intended to collect cash and reduce the amount of extra money in…
DMO Reopens and Sells Four N360bn FGN Bonds in March
The Debt Management Office (DMO) opened an auction for the purchase of four Federal Government of Nigeria (FGN)…
Pfizer To Pay $43 billion to Buy Seagen
The multinational biotechnology business Seagan Inc. and the pharmaceutical behemoth Pfizer have agreed to combine…