Business

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

FULL LIST: CBN revokes licenses of 4,173 BDCs, lists offences

The Central Bank of Nigeria (CBN) has revoked the operational licenses of 4,173 Bureau De Change (BDC) Operators. The bank’s…

2 years ago

Forex crisis: Sack CBN Governor, bank executives, Bwala tells Tinubu

A former spokesperson for Atiku Abubakar’s presidential campaign in the 2023 election, Daniel Bwala, has urged President Bola Tinubu to…

2 years ago

FG slams $10bn fine on Binance over illegal transactions

The Federal Government has imposed a $10 billion fine on cryptocurrency trading platform, Binance, over alleged illegal transactions in the…

2 years ago

‘Inflation, naira devaluation’: Lafarge records 4.7% loss in 2023

Lafarge Africa Plc says its Profit After Tax (PAT) for the 2023 financial year declined by 4.7 per cent. The…

2 years ago

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