Business

Nestlé Nigeria’s revenue hits N547bn, records N79.5bn loss

Nestlé Nigeria Plc., has declared a N547.1 billion sales increase for the 2023 financial year, translating to a 22.4 per…

2 years ago

Air Peace crashes flight tickets on London route, travellers to pay N1.2m

It was a cheering news for Nigerian travellers on Wednesday, February 28, 2024 as Air Peace announced N1.2 million and N4…

2 years ago

Investors lose N720bn as Tier-1 banks’ selloffs persist

The value of transactions on the Nigerian Exchange Ltd. (NGX) on Wednesday, February 28, 2024 further declined by 4.80 per…

2 years ago

Reps probe MultiChoice over alleged N1.8trn unremitted tax

The House of Representatives is set to probe the alleged N1.8 trillion tax owed the Federal Government by MultiChoice Group,…

2 years ago

Bitcoin nears $60,000 for first time in over 3 years

The world's largest cryptocurrency, bitcoin, surged for a fifth day on Wednesday, February 28, 2024, to near $60,000, which would…

2 years ago

CBN begins daily sales of $20,000 at N1,301/$ to BDCs

As part of the efforts to stabilise the forex market, the Central Bank of Nigeria (CBN) has commenced the sale…

2 years ago

CBN raises interest rate to 22.75%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 400 basis points from 18.75 per…

2 years ago

Bitcoin rises above $57,000 for first time in 2 years

Bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday, February 27, on signs of heavy institutional buying,…

2 years ago

Nestle, Eterna lose as equity market drops N51bn

The market capitalisation of the Nigerian Exchange Limited (NGX), on Monday, February 26, 2024, dropped by N51 billion. The market…

2 years ago

Tinubu names Dangote, Elumelu, Rabiu, others in economic advisory c’ttee

President Bola Tinubu has named the Chairman of United Bank for Africa (UBA), Tony Elumelu, the Chairman of Dangote Group,…

2 years ago

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