Half Year: Dangote Sugar Posts N29:73 Billion Profit.
Nigeria’s largest sugar refinery, Dangote Sugar Refinery Plc has recorded a profit before tax (PBT) of N29.73 billion; for the…
Category: Business
Dangote Cement Deploys Grinding Plants In Ghana, Cote D’Ivoire.
The Chief Executive Officer, Dangote Cement, Michel Puchercos, has said the company is boosting production in its Okpella plant, Nigeria,…
Art Hotel Will Promote Nigerian Arts, Crafts
Minister of Information and Culture, Lai Mohammed, has said that the newly inaugurated Art Hotel in Lagos; will promote indigenous…
Transcorp Records N13.36bn Profit.
Transnational Corporation Plc has said it recorded N13.36bn profit before tax in the first six months of 2022. A statement…
Guinness Nigeria Boosts Revenue From Sales of Malta, ‘Ready to Drink’ Brands.
Guinness Nigeria Plc, a subsidiary of Diageo Plc, has announced its audited results for the period ended 30 June 2022;…
2022 Half Year: MTN Reports N181 Billion Profit In 6 Months.
Nigerian telecommunication company, MTN Nigeria has reported a total profit of N181 billion for the first half of the year…
Telecom Italia’s Network Boss Expected To Leave Company.
The head of Telecom Italia’s (TIM) (TLIT.MI) network is expected to leave after the summer; in a move that may further complicate…
Nissan’s Operational Profit Fell By 14% In The First Quarter.
Nissan Motor Co’s (7201.T) first-quarter operating profit fell 14% to 64.9 billion yen ($478.08 million); the Japanese carmaker said, citing surging raw…
Atiku Proposes $10 Billion Economic Stimulus Fund To Support Agriculture, Manufacturing And MSMEs- Nigeria.
Atiku Abubakar, the presidential candidate for the Peoples Democratic Party, has stated that within the first 100 days in office;…
U.S. Retailers Tumble After Walmart Cuts Profit Forecast.
A profit warning by Walmart (WMT.N) ignited a sell-off in shares of major U.S. retailers late, quickly evaporating over $100 billion in…
Amazon To Raise Prime Prices In Europe As Retailer Wrestles With Costs.
Amazon.com Inc (AMZN.O) will raise fees for its delivery and streaming service Prime in Europe by up to 43% a year, the…
KPMG Escapes Record Fine Over Carillion, Regenersis Audit Checks.
KPMG was to pay 14.4 million pounds after the accounting firm admit to providing false information. To its regulator during…
Cryptoverse: Venture Capitalists Bet Big On Crypto.
It’s not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring…
U.S. Business Activity Contracts In July For First Time In 2 Years, Survey Shows.
U.S. business activity contracted for the first time in nearly two years in July. As a sharp slowdown in the…
According to SundaysZeitung, Credit Suisse Plans To Make More Cost cuts.
Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled bank in…
Cargill, Continental Close U.S. Chicken Deal.
Cargill and Continental Grain Co said that they had closed their deal to buy Sanderson Farms Inc (SAFM.O). This is…
In Argentina, Financial Risks Deepen Along With Investor Jitters.
Argentina’s debt sank deeper into distressed territory, in just the latest week of sour financial news. This highligted growing doubts…
Genex Power In Australia Receives A $220 Million Takeover Bid From A Tech Millionaire.
Australian renewable energy developer Genex Power (GNX.AX) has received an unsolicited A$319 million ($220 million) takeover offer from two private…
UK Retail Sales Slip In June As Consumers Struggle With Inflation.
British retail sales edged down in June as drivers cut back on record-priced fuel, with consumers reducing shopping less than…
Higher Expenses And A Labor Shortage Reduced Domino’s Pizza’s Profit.
Domino’s Pizza Inc (DPZ.N) missed market estimates for quarterly profit as costs soared; and a staffing crunch hampered the fast-food…
Dangote Industries Successfully Completes N187Bn Bond Issuance
Dangote Industries Limited (DIL), one of the leading, diversified and fully integrated conglomerates in Nigeria and Africa; yesterday announced the…
Billionaire Investor, Ken Langone, Highlights Three Things All Businesses Need In Order To Grow.
Billionaire investor and philanthropist, Ken Langone has pointed out three core business principles that worked for him during his career.…
Official Exchange Rate Appreciates As Forex Supply Surges By 301% To $389 Million.
The exchange rate between the naira and the US dollar closed at N424.17/$1 at the official Investors. Naira appreciated significantly against…
DMO Raises N124 Billion In July FGN Bond Auction As Investors Oversubscribe Long-Term Instrument.
The Debt Management Office (DMO) has announced that it raised the total sum of N123.84 billion; in its Federal Government…
Citigroup Shares Surge On Profit Beat, Core Business Strength
Citigroup Inc shares surged over 10% on Friday after the third-largest U.S. bank posted a smaller-than-expected 27%; drop in quarterly…
Finland’s Nordea Posts Profit Above Expectations
Growth in earned loan interests aided Finland’s Nordea to a rise in second-quarter; operating earnings despite customer activity slowing down…
MTN, Airtel Win Big As 3,246 Subscribers Ported In May 2022
Data from the Nigerian Communications Commission (NCC) has revealed that a total of 3,246 subscribers. Who ported from one network…
Celsius Has Paid $143 Million In Debt Since The Start Of Q3
Crypto lending platform, Celsius, has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the start…
Oil Prices Slip As Recession Fears Rumble On, Tight Supply Stems Losses
Oil prices fell on Monday, paring gains from the previous session, as fears of a global recession weighed on the…
Exxon Signals Operating Profits Could Double Over The First Quarter
Exxon Mobil Corp on Friday signaled that skyrocketing margins from fuel. So as, crude sales could generate a record quarterly…