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FG summons cement manufacturers over price hike
Business

BUA records 26.52 profit rise in Q2 2023

BUA Cement’s Q2 2023 results for the time period ending June 2023 has shown that earnings before tax increased by 26.52% annually to reach N40.963 billion. Additionally, during the same time period, the cement company’s earnings after tax increased by 30.45% YoY to N36.815 billion. Thus, the earnings per share for the second quarter came to […]

Business

BUA records 26.52 profit rise in Q2 2023

BUA Cement’s Q2 2023 results for the time period ending June 2023 has shown that earnings before tax increased by 26.52% annually to reach N40.963 billion. Additionally, during the same time period, the cement company’s earnings after tax increased by 30.45% YoY to N36.815 billion. Thus, the earnings per share for the second quarter came to […]

Nigerian team wins at Huawei ICT competition
News Scams

Nigerian team wins at Huawei ICT competition

The Nigerian team has won a prize at the just concluded Huawei ICT Competition 2022-2023 Global Final in Shenzhen, China. The team from Ahmadu Bello University and Jilin University won the Grand Prize of the innovation competition. The Network Track Grand Prize was won by teams from Yangtze Normal University, Hunan Industry Polytechnic, Guilin University […]

Russia to reinvest in Nigeria, others
Economy

Russia to reinvest in Nigeria, others

There are signs that Russia would actively promote the resumption of its foreign direct investments in Nigeria and other African countries across all economic sectors. According to Vanguard, President of Russia, Vladimir Putin made this statement at the opening plenary meeting of the ongoing Russia-Africa Economic and Humanitarian Forum taking place in St. Petersburg, Russia. He […]

Elon Musk to remove light mode on 'X' platform
News

Elon Musk to remove light mode on ‘X’ platform

Alex Omenye Twitter CEO Elon Musk on Thursday declared that he would introduce “light mode” to X, the app formerly known as Twitter. “This platform will soon only have ‘dark mode.’ Musk tweeted. “It is better in every way.” Over time, the dark mode has gained enormous popularity. In contrast to light mode, which is […]

How increased electricity access will drive investment - Seplat
Business

Seplat Energy reports N140.6bn gross profit

Seplat Energy Plc, the prominent Nigerian independent energy company, listed on both the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the first half of 2023. The company demonstrated robust growth with a 3.8% increase in revenue, reaching N278.3bn from N219.2bn year-on-year. Additionally, a gross profit of N140.6bn was […]

MTN launches 5G in Uganda
Business

MTN launches 5G in Uganda

Alex Omenye Foremost telecommunications, MTN has launched its 5G network in Uganda. The first 5G network in East Africa was launched on Friday by the telecom company MTN Uganda, a branch of the MTN Group in South Africa. With almost 15 million subscribers, MTN has Uganda’s largest customer base. It mostly contends with a Bharti […]

Nigerian businesses to face worse economic conditions - PwC
Economy

Nigerian businesses to face worse economic conditions – PwC

PwC Nigeria’s financial analysts predicted that the effects of the government’s most recent economic changes will result in increased business expenses and decreased revenue for Nigerian companies. Nairametrics reported that the analysts who made this claim in a paper titled “Nigeria Economic Outlook” claimed that the medium-term real economic growth may be slowed by ongoing inflationary […]

Shareholders to get N1.5bn dividend - NGX Group
News

ESG compliance vital to lure capital market investments – NGX

The Nigerian Exchange Limited has emphasized the significance of ESG compliance and data democratization in luring investors and improving stock liquidity in the Nigerian capital market. This was said by the Divisional Head of Capital Markets at Nigerian Exchange Limited, Jude Chiemeka, during a panel discussion titled “ESG and Sustainable Finance; The Future of Investments,” which was […]

10 things to know about capital market investment
Investment

10 things to know about capital market investment

Capital market investments have emerged as a compelling avenue for individuals and businesses alike to grow their wealth and achieve their financial goals. Understanding the intricacies and potential of capital markets is essential for those seeking to capitalize on the vast opportunities they offer. Below are 10 things that will help you understand capital market […]

Nicki Minaj, Snoop Dogg, 21 Savage to feature on Call of Duty
News

Nicki Minaj, Snoop Dogg, 21 Savage to feature on Call of Duty

In celebration of 50 years of Hip-Hop music, Call of Duty: Modern Warfare 2 is bringing popular rappers into the game with its Season 5 update, set to launch on August 2. Activision has confirmed that iconic artists Snoop Dogg and Nicki Minaj will join the action as playable operators, taking the excitement to a […]

Meta scraps fact-checking program, introduces X-like community notes feature
Tech

Meta hits $10bn Reels revenue, narrows in on TikTok

When Meta Platforms introduced Reels as its answer to TikTok in 2020, it faced skepticism and accusations of imitation. However, recent numbers revealed by Meta show that reels is rapidly gaining traction among users and advertisers, positioning itself as a formidable contender against TikTok. Reels, accessible on both Facebook and Instagram, owes part of its […]

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