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Business
Guinness Nigeria Increases Shareholder Returns By Stepping Up Its Expansion Plan.
About 11 years ago, the parent company of Guinness Nigeria, Diageo Plc invested over N52 billion in capacity…
Tanzania intends to purchase a freight plane.
With intentions to use Kilimanjaro International Airport (KIA) as a key airport for cargo landing; the Tanzanian…
Nigeria Seeks OECD Membership To Increase Seed Exports.
Plans have been in place by Nigeria's National Agricultural Seeds Council (NASCC); to admit Nigeria as a full…
With 71 New Initiatives, Amazon Promotes Green Energy.
In an effort to utilize only renewable energy throughout its whole business by 2025, Amazon.com Inc (AMZN. O)…
Flutterwave Makes It Possible For Nigerians To Collect eNaira Payments.
The eNaira is a digital currency produce by the Central Bank of Nigeria that offers a distinct kind of money that…
Adobe To Buy Figma For $20bln.
To help it expand its toolkit for creative professionals, Adobe Inc. agreed to purchase software design company…
Nigeria Collaborates With India To Produce The Covid-19 Vaccine Locally.
In order to achieve vaccine equity in Nigeria, the Federal Government and the Serum Institute of India have…
7,000km Gas Pipeline Contract To Be Signed By NNPCL With Morocco And West African…
The Nigeria-Morocco Gas Pipeline (NMGP) project created during King Mohammed VI of Morocco's visit to Nigeria in…
China Renounces Interest-Free Loans To Africa Worth 1% Or Less Of Its Credit To…
In August, the Chinese foreign ministry announced that it had canceled 23 loans to 17 African nations that were…
Domino’s Pizza Has Invested N26billion, In Nigeria.
Domino Pizza, together with its other international brands including Cold Stone Creamery, is the world's largest…
India Charges A 20% Levy On All Exports Of Rice.
India, the world's largest exporter of the grain, put a 20% levy on exports of different grades of rice in an…
Elon Musk $258billion Dogecoin Lawsuit Expands.
The price of Dogecoin purposefully driven up by more than 36,000% over the course of two years; according to an…
United Airlines Acquires 200 Air Taxis And Spends $15million In Eve Air.
United Airlines Holdings Inc (UAL.O), a U.S. Airline, announced on that it would invest $15 million in the…
Nigeria FG Intends To Enhance Gas Exports To Europe in 2022.
08, August, 2022 the price of Brent, the world's standard for petroleum, decreased by 5.01%, or $4.65, to close at…
Capital Inflows Were 23% Lower Due To Insecurity And The FX Crisis.
Capital importation into Nigeria reduced by 23% due to insecurity and the ongoing foreign exchange crisis.
The…
Google Has Confirmed That It Will Provide $4 Million To 60 Startups In Africa.
Google revealed that it had chosen 60 qualified businesses from throughout Africa. They are to receive $4 million…
Exxon and Shell Announce The Sale Of A Significant Dutch Gas Partnership.
Shell (SHEL.L) and Exxon Mobil (XOM. N) have listed one of Europe's largest and oldest natural gas production…
Fidelity Bank To Acquire Union Bank UK.
Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc.
…
Dangote To Save Forex, Through 40% Sugar Import Substitution.
Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the…
Maersk Agrees To Sell Stake In Russian Port Operator.
A.P. Moller-Maersk (MAERSKb. CO) said it has agreed to sell its 30.75% stake in Russian port…
Ericsson To Wind Down Business Activities In Russia
Ericsson (ERICb. ST) said it will gradually wind down business activities in Russia; as the Swedish telecoms…
Firms Buy Sh9.5bn Safaricom Stake.
Local institutional investors have acquired shares worth Sh9.5 billion in Safaricom following the exit of domestic…
Nigeria’s N20.4 trillion Imports In 2021 Not Enough To Lift Economy – Economists.
Despite the hues and cries about Nigeria being an import-dependent economy over the years, and importing goods…
Nigerians Drink Beer Worth N599.11 Billion In 6 Months.
Nigerians drink beer worth N599.11 billion in six months running from January t0 June 2022, according to the first…
China Protect Chinese Firms Following U.S. Export Control List.
China's commerce ministry said it will take the measures needed to protect the legitimate rights of Chinese…
FTSE 100 Rebounds On Energy, Earnings Lift.
London's blue-chip stock index bounced off two-week closing lows, as energy stocks received a lift from rising…
Investors Of Three Top Cement Firms Lose N291 Billion As Sell Pressure Heightens.
Race to sell-offs for portfolio rebalancing ahead of the 2023 elections saw the shares of Dangote Cement Plc,…
Shanta Eyes Sh60 Million West Kenya Gold Licences.
London-listed exploration firm Shanta Gold is eyeing three additional prospecting licences from Canadian miner…
Toyota Sells Stake In Kenya IT Firm After Row With State.
A unit of Japanese multinational Toyota has sold its stake in Kenyan information technology firm Seven Seas…
Aggregate FX Inflow Down 17.3% to $6.58bn On Decrease In Non-Oil Components.
The aggregate foreign exchange inflow into the Nigerian economy dropped by 17.3% to $6.58 billion in April 2022;…