Cadbury’s operational profit hits N80.40bn
Cadbury Nigeria Plc increased its operational profit by 4,228 percent to N8.40 billion in 2023, from N195 million the previous year. The…
Economy
EFCC investigating Sirika’s Nigerian Air deal – Keyamo
Minister of Aviation and Aerospace Development, Festus Keyamo has disclosed that the Economic and Financial Crimes Commission is investigating the controversial Nigeria…
Femi Otedola named First Bank Holdings chair
Nigerian billionaire, and entrepreneur Femi Otedola, has been appointed as the new chairman of the board of directors for the First Bank…
Senate summons CBN governor over naira decline
The Senate, through its Committee on Banking, Insurance, and other Financial Institutions, called upon Central Bank of Nigeria Governor Olayemi Cardoso before…
CBN moves to curb FX circulation, naira hoarding
The Central Bank of Nigeria has issued a circular aimed at addressing suspected cases of excessive foreign currency speculation and hoarding by…
Bolt expands into Zimbabwe
Estonian e-taxi company, Bolt has expanded its services in Harare, Zimbabwe. As part of the move, Bolt is waiving commissions from drivers…
NNPCL attracts South Korean investors for gas projects
The Nigerian National Petroleum Company Limited has met with a South Korean consortium led by Daewoo E & C to discuss the…
Wema Bank profit rises by 105%
Wema Bank’s profit increased by more than 105 percent to N23.36 billion in 2023, from N11.35 billion the previous year. The PUNCH…
Market capitalization falls N857bn due to sell-offs
The Nigerian Exchange’s market capitalization fell for the second time this year, losing N857 billion to close at N56,425 trillion due to…
How Edo IGR rose by 40% to N62bn in 2023 – Panel
Edo State’s Internally Generated Revenue increased by more over 40% to N62 billion in 2023, from N45 billion the previous year. According…
Relocated CBN staff to resume Lagos office February 2
The Central Bank of Nigeria’s redeployed staff, estimated at 1,533 or 36.22 per cent, are due to resume in the Lagos headquarters…
Guinness Nigeria’s board director Gbadegesin steps down
Guinness Nigeria has announced the resignation of its director, Mrs Tariye Gbadegesin’s from the board. The PUNCH revealed that this is according…