Category: 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...

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%...

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...

BUA Cement Edo, Sokoto factories to begin operation 2024

BUA Cement has revealed that it is constructing factories in Sokoto and Okpella to increase...

NPA, Lagos LG partner to enhance water supply

The Nigerian Ports Authority and the Apapa Local Council Development district of Lagos State have...

Nigerian artistes rake N11bn from Spotify in 2022 – Reports

Spotify, a music streaming service, reported that in 2022 Nigerian musicians earned over N11 billion...

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...

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...

Flour millers now buy locally made Nigerian wheat – Association

The Flour Milling Association of Nigeria announced on Wednesday that all of the wheat produced...

Nigerian cinemas’ income drops 15% despite viewers’ increase

Nigerians spent less on cinema ticket sales in July, as box office income fell 14.98%....

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...

World Bank withdraws support from Uganda over LGBTQ law

Alex Omenye The World Bank has disclosed that it will no longer aid Uganda with...