Business News
Mobile industry eyes zero carbon emission by 2050
The United Nations (UN) has credited the mobile sector for achieving a critical breakthrough towards its mission of combating climate change, as operators representing more than a third of the
Unity Bank shows financial resilience
Unity Bank Plc, a leading agric-lender, raised its asset value to N492.02 billion, which represents an increase of 67.9 per cent, from the N293.05 billion posted in 2019. This comes
Automobile announces 265 per cent increase in sales
Geely Automobile has announced 265 per cent increase in the group sales volume for February 2021 with 77,221 units of its products sold. The sales are inclusive of X7Sport and
Nigeria, others lose N380b yearly to Gulf of Guinea piracy
Nigeria and other countries in the Gulf of Guinea have lost N380 billion yearly to sea robbers and pirates between 2015 and 2019. Data presented at the Nigerian Admiralty Colloquium
Agric firm seeks N20b to boost value chain
The first company screened for listing on the Lagos Commodities and Futures Exchange (LCFE), Voriancorelli (VC), is seeking N20 billion through floating of exchange-traded notes (ETN) to expand its operation
Gains by highcap stocks lift market index
The Nigerian equities market extended bullish on three consecutive trading sessions, as more highly-capitalised (highcap) stocks appreciated at price, resulting in a further rise in the All-Share Index (ASI) by
Underwriter declares N772 million profit before tax
Despite worries about economic challenges in the country, Consolidated Hallmark Insurance (CHI) Plc has recorded profit-before-tax (PBT) of N772 million in its financial year ended December 31, 2020. The post
SPOMO Act will end piracy, says Jamoh
Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has said that the Suppression of Piracy and Other Maritime Offences (SPOMO) Act is aiding Nigeria’s determination..
Stocks slide, tobacco shares feel the heat
Stock markets slid Tuesday, with Wall Street continuing to retreat from record highs, while shares in tobacco firms plunged on reports the US will crack down on cigarette nicotine levels.
Coca-Cola Beverages Africa to be listed as publicly-traded company
The Coca-Cola Company and Coca-Cola Beverages Africa (CCBA) today announced plans to list CCBA as a publicly-traded company. The Coca-Cola Company intends to sell a portion of its shareholding in
