Category: Business

Nigerian Breweries posts ₦85.5bn profit despite Q3 integration loss

Nigerian Breweries Plc, Nigeria’s most valuable brewer, recorded a ₦85.5 billion profit in the first...

Lafarge Africa profit soars 246% to ₦207.78bn in nine months

Lafarge Africa Plc, a prominent Sub-Saharan Africa building solutions company, reported a massive 246 percent...

FG launches federal treasury receipt for payment transparency

The federal government has introduced the Federal Treasury Receipt, a pioneering reform that provides a...

Meta cuts 600 jobs in AI division

Facebook owner Meta is cutting 600 jobs in its artificial intelligence division, a move United...

Loan app registrations hit 492 as N100m penalty looms

The number of officially registered digital lenders, commonly referred to as loan apps, has risen...

Marketers accuse Dangote Refinery of failure to honour fuel orders

Petroleum marketers have accused the Dangote refinery of failing to load their trucks, even weeks...

Sacked Dangote Refinery engineers reject allegations of sabotage

Some engineers dismissed by the Dangote Refinery last month have refuted claims that 22 acts...

Moniepoint secures $200m series C funding to drive continental expansion

Nigerian fintech Moniepoint Inc. has raised an additional $90 million, boosting its Series C funding...

W’African regulators lunch forum to harmonise fuel prices, boost trade

West African midstream and downstream regulators have announced plans to establish a new forum aimed...

Pizza Hut to close 79 UK restaurants, delivery sites

Pizza Hut UK is closing 68 restaurants and 11 delivery sites, resulting in the loss...

Nigeria’s raw material imports surge to ₦3.53trn in six months

Nigeria’s manufacturing sector is increasingly dependent on imported raw materials for survival, a trend that...

FG extends probe of NNPC remittances to December 2024

The Federal Government has extended the ongoing probe and reconciliation of payments by revenue-generating agencies,...