Airtel CEO earns £757,440 from share sales
Airtel Africa Plc notified the Nigerian investing public on Friday of it’s Chief Executive Officer, Olusegun Ogunsanya’s transaction in the Company’s ordinary shares. The…
Business
Cash outside banks drops 9.4% despite 2022 naira redesign
The Central Bank of Nigeria’s recently issued audited Financial Statement released on Thursday, discloses that the CBN lowered cash in circulation from N3,322 trillion…
Total Energies Plc reports 14.12% profit increase in Q2 2023
Total Energies Marketing Nigeria Plc published 2023 second-quarter results, revealing that pre-tax profits increased 14.12% year on year to N7.052 billion. Pre-tax…
UN, Lagos urge private sector to drive change in Africa
The United Nations and Lagos state have challenged the private sector to promote transformation in Africa. The Punch reported that they gave…
BUA Cement Edo, Sokoto factories to begin operation 2024
BUA Cement has revealed that it is constructing factories in Sokoto and Okpella to increase domestic production. According to The Punch, this…
NPA, Lagos LG partner to enhance water supply
The Nigerian Ports Authority and the Apapa Local Council Development district of Lagos State have joined forces to improve water supply in…
Nigerian artistes rake N11bn from Spotify in 2022 – Reports
Spotify, a music streaming service, reported that in 2022 Nigerian musicians earned over N11 billion on the company’s platform alone. This information…
Saudi Aramco’s to pay shareholders $20bn Q2 dividend
Saudi Aramco’s to pay shareholders $20bn Q2 dividendAramco’s dividend payment is the highest of any publicly traded firm, with nearly all of…
Niger Delta projects worth N612bn abandoned, cancelled – NDDC
A report from the NDDC shows that a total of 1,587 projects managed by the Niger Delta Development Commission, valued at N612.4 billion,…
Flour millers now buy locally made Nigerian wheat – Association
The Flour Milling Association of Nigeria announced on Wednesday that all of the wheat produced in Nigeria is now being purchased by…
Nigerian cinemas’ income drops 15% despite viewers’ increase
Nigerians spent less on cinema ticket sales in July, as box office income fell 14.98%. The 14.98% (N85 million) decline to N482…
Airtel Africa to sell 20% Ugandan subsidiary stake via IPO
Airtel Africa Plc has told its Nigerian shareholders that it intends to use an Initial Public Offering to offer local investors a…