People desire affordable, quality products – FoodCo CEO
The Chief Executive Officer of FoodCo Nigeria, Ade Sun-Basorun, has stated that limited purchasing power is having a negative influence on the…
Business
TotalEnergies exceeds earnings forecast by 31.3% for 2023 Q2
TotalEnergies Marketing reported an 11% rise in earnings per share for the second quarter ended June 2023. It’s earnings release that was…
Guinness Nigeria faces N49bn exchange rate loss
Guinness Nigeria Plc incurred a massive N49 billion in exchange rate losses according to information revealed in its full-year results for the…
Airtel Africa loses $471m FX in Q2 2023
Airtel Africa plc reported a $471 million foreign exchange loss in the fiscal quarter ended June 30. This is by the financial…
CIBN launches Bankers Hall at Olabisi Onabanjo University
The Bankers Hall at Olabisi Onabanjo University in Ago-Iwoye has been officially opened by the Chartered Institute of Bankers of Nigeria as…
Mutual funds investment hits N1.87trn in Q1 2023
The total value of mutual fund investments increased by 33.1% year on year, YoY, to N1.87 trillion in the half year ending…
PHOTOS: Lagos holds first circular economy hotspot
Kazeem Owoseni Lagos State Governor, Babajide Sanwo-Olu, has stated that his administration is committed to ensuring that the principles of the Circular…
BUA Cement chairman buys additional BUA cement shares worth N3.8bn
The chairman of BUA Cement Plc, Alhaji Abdul Samad Rabiu CFR, has bought an extra 45 million shares worth N3.8 billion in…
OPay celebrates five-year anniversary, unveils new logo
OPay Nigeria, a well-known financial services provider, has formally rebranded and released a new logo to commemorate its fifth year in the…
Ardova leaves Nigerian Exchange after being delisted
One of the nation’s top oil firms, Ardova Plc, has left the Nigerian Exchange Limited after being delisted. According to Business Post,…
Lagos startup ecosystem biggest in sub-Saharan Africa – Report
A new analysis by policy and advisory research firm Startup Genome has revealed that Lagos is the regional leader in the Sub-Saharan startup ecosystem…
Google partners Verve, okays naira payment Play Store
Google has partnered Verve to simplify the payment process for Play Store applications and services in Nigeria. In a press release, Google…