Business

Fire destroys 110 structures at Kano timber market

A fire outbreak has destroyed 110 structures at the Kofar Ruwa Timber Market in Kano, affecting 75 permanent buildings and…

2 weeks ago

MTN Nigeria’s profit hits N1.17trn in nine months

MTN Nigeria Communications Plc recorded a 55.3 per cent increase in profit after tax to N1.17trn in the nine months…

2 weeks ago

OPay suspends $1bn New York stock market listing over regulatory inquiry

Digital payments company OPay has suspended its planned listing on the New York Stock Exchange following a regulatory inquiry in…

2 weeks ago

Stanbic Botswana offers 20% stake in $99m stock market listing

Stanbic Bank Botswana is offering a 20 per cent stake valued at P1.37 billion ($99.2 million) to investors ahead of…

2 weeks ago

Elumelu-backed Seplat posts $260m profit, raises dividend by 58%

Seplat Energy has reported a 174 per cent increase in nine-month net profit to $260.2 million, raising its dividend payout…

2 weeks ago

Dangote Cement posts N1.47trn profit, clears debt in nine months

Dangote Cement Plc has reported a 41.5 per cent increase in pre-tax profit to N1.47 trillion in the first nine…

2 weeks ago

BUA Foods profit rises to N450.47bn in 9 months

BUA Foods Plc has recorded an 11 per cent increase in profit after tax to N450.47 billion for the nine…

2 weeks ago

Nigerian Breweries’ nine-month profit rises 33% to N114.1bn

Nigerian Breweries Plc has reported a 33 per cent increase in profit after tax to N114.1bn for the nine months…

2 weeks ago

Enugu, Humatrix sign deal to create 100,000 jobs in five years

The Enugu State Government has signed a partnership agreement with Humatrix Limited to create more than 100,000 jobs through a…

2 weeks ago

Nigerian engineer’s hair-braiding machine attracts $7m investment

A Nigerian-born engineer, Yinka Ogunbiyi, has secured $7m in seed funding for an automated hair-braiding machine designed to help hairstylists…

2 weeks ago

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