Business

Obaseki: Interest rate increase won’t support economic growth

Edo State Governor, Godwin Obaseki, has condemned the decision of the Central Bank of Nigeria (CBN) to increase the Monetary…

2 years ago

EU fines Apple €1.8bn for unfair competition in music streaming

The European Commission (EC) has fined Apple €1.8 billion ($2 billion) for unfair competitive practices involving its music streaming service,…

2 years ago

Investors oversubscribe CBN’s N1trn OMO bills

The Central Bank of Nigeria (CBN) has concluded a sale of government securities, issuing N1.053 trillion in short-term instruments as…

2 years ago

Oil prices increase after OPEC+ extends output cuts

Oil prices increased slightly on Monday, March 4, 2024, after OPEC+ members, on Sunday, announced an extension to oil production…

2 years ago

Investors raise bid for U.S. retailer Macy’s to $6.6bn

An investor group that offered to buy the struggling United States department store chain Macy's in December and was turned…

2 years ago

Dangote Sugar records N441.5bn revenue, N97.9bn profit in 2023

Dangote Sugar Plc has recorded a nine per cent increase in its group revenue to N441.5 billion and a recurring…

2 years ago

Dangote Cement, MTN lose as equity market drops by 1.23%

Selloffs in the shares of Dangote Cement, Conoil, and MTN Nigeria, among others, on Friday, March 1, 2024, dragged the…

2 years ago

Dangote Cement declares N455.6bn profit, N30 dividend per share

Africa’s largest cement manufacturer, Dangote Cement has recorded improvement in all performance measurement indicators. In the financial year ended December…

2 years ago

Tinubu appoints CEO, EDs, others for FGN Power Company, TCN

President Bola Tinubu has reconstituted a new management team for the FGN Power Company Limited. Kenny Osebi Anuwe has been…

2 years ago

Devaluation wipes out MTN’s profit, declares N2.5trn revenue, N137bn loss

Despite the headwinds in the Nigerian economy, the country’s largest telecommunications company, MTN Nigeria, has seen its revenue increased by…

2 years ago

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