Companies

Burberry threatens to sack 1,700 employees over $100m loss

British luxury fashionBurberry says it could shed almost one-fifth of its global workforce over two years to reduce…

7 months ago

Microsoft to sack 6,000 workers

Microsoft has announced its readiness to sack 6,000 employees across all levels. Microsoft, on Tuesday, May 13, 2025, said it…

7 months ago

Nissan records $4.5bn loss, sets to sack 20,000 workers

Nissan posted a huge annual net loss of $4.5 billion on Tuesday, May 13, 2025. Nissan also confirmed reports that…

7 months ago

Dangote: We’re not competing with NNPC

The President of Dangote Group, Aliko Dangote, says the Dangote Petroleum Refinery and Petrochemicals is not in a competition with…

7 months ago

Seplat to begin gas exports to boost forex earnings

Seplat Energy Plc says it will start exporting gas to enhance foreign exchange (FX) earnings and deliver greater value to…

7 months ago

Shell profit sinks 35% in Q1 2025 as oil prices fall

British energy giant Shell has reported a drop in its net profit in the first quarter of 2025 as the…

7 months ago

BUA Foods generates N442.1bn revenue as profit hits N125.28bn in Q1 2025

BUA Foods Plc has announced a revenue growth of 24 per cent to N442.1 billion in the first quarter of…

7 months ago

GTCO posts N300.4bn profit in Q1 2025

Guaranty Trust Holding Company Plc (GTCO) has announced a profit before tax of N300.4billion in the first quarter of 2025.…

7 months ago

Seplat generates N1.228trn revenue, profit hits N535.4bn in Q1 2025

Seplat Energy Plc has announced that its revenue increased to N1.228 trillion in the first quarter of 2025. Seplat, on…

7 months ago

Transcorp Hotels generates N21.0bn revenue in Q1 2025 as profit hits N15.84bn

Transcorp Hotels Plc, the subsidiary of Transnational Corporation Plc, has announced that its revenue increased to N21.0 billion in the…

7 months ago

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