Business News
Amazon caps blockbuster Big Tech earnings reports
A week of blockbuster earnings reports from Big Tech culminated Thursday with Amazon crushing forecasts of how much money it would rake in from pandemic-revved online shopping and growing reliance
Twitter shares crushed after disappointing quarterly results
Twitter shares took a pounding Thursday after the short messaging service reported weaker-than-expected earnings and disappointing user growth. The post Twitter shares crushed after disappointing quarterly results appeared first on
Adeduntan resumes as FirstBank CEO
First Bank of Nigeria on Friday confirmed that Dr Adesola Adeduntan had resumed as the Chief Executive Officer in line with the directives of the Central Bank of Nigeria (CBN).
‘FG committed to implementing sugar master plan’
Executive Secretary/CEO, the National Sugar Development Council, Zacch Adedeji, has assured stakeholders in the sugar industry of the Federal Government’s commitment to the full implementation of the Nigeria Sugar Master
Local airlines to roll out common ticket under interline pact
Two local carriers have entered into a rare interlining arrangement that offers customers the benefit of the two airlines, using a single ticket. The Guardian learnt that the partnership is
Nigeria’s Ogunsanya to lead Airtel’s Africa Operations
Airtel Africa PLC has announced Olusegun Ogunsanya, CEO of Airtel Nigeria, as CEO Africa following Raghu Mandava’s notice of retirement. Ogunsanya will join the board of Airtel Africa with effect
Maritime industry needs $3.4 trillion to replace existing ships
The shipping industry will need to invest about $3.4 trillion in the next 30 years to replace the existing fleet in line with the sector’s decarbonization plans. The post Maritime
Concerns over Nigeria’s moribund refineries despite expenditure
Concerns have been raised over huge funds being spent on Nigeria’s moribund refineries while generating minimal revenues for the nation. At a workshop yesterday tagged: ‘Open data and advocacy in
Nigerians groan over cost of power as supply worsens
For more than three weeks, power supply in the country has worsened as the frequency and duration drastically reduced. Meanwhile, the cost of alternative supply is on the rise, causing
Gains in highcap stocks lift capitalisation by N356 billion
Following gains recorded by most highly capitalised (highcap) stocks, transactions on the Nigerian Exchange Limited (NGX) reversed negative sentiments to close in an upbeat yesterday as market capitalisation appreciated by
