Business

Guinness Nigeria, a leading beverage alcohol company in Nigeria, reported mixed results for the half-year ended 31 December 2023. While the company achieved a 20% increase in revenue to N142.59 billion, it also posted a net loss of N4.4 billion due to a significant foreign exchange loss.. The unaudited result …

Lagos, Nigeria – In a world increasingly reliant on digital solutions, financial security stands paramount. Recognizing this critical need, OPay, Nigeria’s leading mobile money platform, which was recently applauded by the World economic Forum (WEF) and was awarded the consumer choice award by ADVAN, is proud to announce a robust suite …

  For their continued loyalty, the management of Dangote Cement Plc, at the weekend rolled out the drums to celebrate its teeming distributors across the country. The funfair and celebration were in appreciation of its customers’ patronage in the previous years and the company’s acceptability by Nigerians.   The Distributors’ award ceremony …

January got onto a splendid start for some more Globacom subscribers as they received their Business Class return tickets to Europe (Lagos-Paris-London-Lagos) at three separate events in Abuja, Lagos and Warri on Friday. To qualify, these subscribers had recharged a minimum N50,000 over the last 30 days of the promo …

Chairman Isale Eko Descendants Union, Mr. Adeniji Kazeem SAN has felicitated with former Attorney General and Commissioner of Justice for Lagos State, Mr. Olasupo Shasore SAN on the occasion of his 60th birthday. In a statement he signed titled, SALUTE TO OLASUPO SHASORE SAN @ 60- A distinguished Isale Eko …

Financial analysts have expressed optimism that the naira will regain its real value before the end of the year, 2024 if the government put an end to oil theft as well as increase non oil export out of the country. Speaking to our Correspondent, the Managing Director of Afrinvest Securities …

Experts have called on the federal government to secure long term foreign loans to clear foreign exchange forwards, foreign portfolio investors and airlines trapped fund . It could be recalled that the Association of Bureau De Change Operators of Nigeria (ABCON) has said that the $2.2billion prepayment facility from the …

Lagos, Nigeria – Leading the charge in mobile-based payments, OPay has pledged to implement a thorough removal process for accounts lacking a Bank Verification Number (BVN) and/or National Identification Number (NIN) starting March 1, 2024. This commitment follows the recent directives from the Central Bank of Nigeria (CBN) on Know-Your-Customer …

World Bank The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 per cent in 2025. The World Bank in its latest report titled “Global Economic Prospect: Subdued Growth, Multiple Challenges”, projected that the African largest economy will improve by 3.3 per cent up from a …

Source: minutehack.com •Industrial companies, banks get lion’s share under Emefiele, social services receive least forex allocation •Anti-corruption agency deepens forex scandal probe, detectives may grill five foreign companies next week The Economic and Financial Crimes Commission is investigating at least $347bn allocated to companies in Nigeria between January 2014 and …