NASCON announces 84% increase in profit – Report
All performance metrics for NASCON Allied Industries Plc have shown outstanding growth in the year 2022, as the company’s earnings after taxes increased by 84 percent,…
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Virgin Orbit shuts down after unsuccessful test
Richard Branson’s Virgin Orbit has stated that it would cease operations months after rockets carrying the first satellites launched from the UK…
Africa’s growth rate to hit 3.4% in 2023 – UN
The United Nations reported that global growth in 2023 is likely to hit 3.4%, which is less severe than originally anticipated because…
JAPA: Why firms must improve employee experience
A leading consulting firm, Phillips Consulting Limited has urged both the public and private sectors in Nigeria to reconsider how they approach…
Why insurance sector needs repositioning – FG
The Minister of Finance, Budget, and National Planning, Dr. Zainab Ahmed, has urged West African insurance providers to restructure the sector for global…
Flutter reports 29% Q1 revenue increase
The world’s largest online betting company, Flutter, has reported a 29% increase in revenue on a pro-forma basis for the first quarter…
Spain to invest €6.6bn in youth vocational training
The Prime Minister of Spain, Pedro Sanchez on Saturday announced that the government will be investing €1.3 billion in vocational training, which…
Ex-NNPC GMD sues EFCC, others over withheld $9.8m
A former Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu, has sued the Economic and Financial Crimes Commission, the…
Tesla short sellers make $2bn in April
A research firm, S3 Partners, reported on Wednesday that short sellers of Tesla have made $2.16 billion in profits from mark-to-market for…
FG to raises civil servants’ salary by 40% April ending
The Federal Government plans to commence payment of the anticipated increase in civil servants’ pay at the end of April. According to…
Tesla cuts EV prices in Europe, others
Tesla has reduced the prices of its electric vehicles in Europe, Israel, and Singapore, which has sparked concerns about its industry-leading profit…
Nigeria’s GDP to grow by slow rate of 3% – KPMG
KPMG has estimated that Nigeria’s Gross Domestic Product will have a slow growth rate of 3% in 2023 due to challenges related…