UBA records N115% growth in Q3 2023
United Bank for Africa Plc has again announced a splendid performance in its unaudited financial results for the third quarter ended September 30, 2023,…
Business
Nigerian Breweries rakes in N402bn revenues in Q3 2023
Nigerian Breweries Plc reported N402 billion in revenue for the third quarter of 2023, according to the company’s unaudited financial statement, which…
Naira’ll regain full value by Dec, says Oyedele
Nigerians have been reassured by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, that the Federal Government’s…
Africa leads in Toyota, Lexus sales as firm produces 5.6 million vehicles
Africa is the standout region for Toyota and Lexus sales as the company posted global sales growth of 8.3% from April to…
Firm unveils unnamed vehicles, drone assembly in Nigeria
Elites Group of Companies, an indigenous Nigerian firm, has announced the start of an assembly and production line for unmanned vehicles, drones,…
Noor Takaful settles N3.14bn claims
Noor Takaful Limited has stated that its total claims increased from N1.97 billion in 2021 to N3.14 billion in 2022. This was contained…
GNI expands gross premium by 19.9% – Report
Great Nigeria Insurance Plc reports that its gross premium written increased by 19.9% to N10.2 billion in 2022, up from N8.3 billion…
AFREXIM, Fidelity Bank, JohnVents sign $40m cocoa export deal
Fidelity Bank, African Export-Import Bank, and JohnVents Industries struck a $40 million cocoa export transaction at the Fidelity Bank International Trade and…
Manufacturing sector to benefit most from 5G – GSMA
The GSM Association, the worldwide umbrella body of mobile network operators, has stated that the manufacturing sector will profit the most from…
Nigeria’s coffee sector eyes $2bn revenue in three years
Key participants in Nigeria’s coffee sector have claimed that the industry has the potential to earn $2 billion in the next two to three…
Demands for Heineken drops in Nigeria, South Africa
The brewer Heineken has shown decreases in its volumes in South Africa and Nigeria in its third-quarter report along with its forecasts…
US invests $244m in 18,000 Nigerian businesses
The United States has provided assistance to 18,000 Nigerian small enterprises in order to promote economic development and entrepreneurship. According to The…