Business
CBN Interest Rate Hike Squeezes Nigerian Consumer Goods Companies
Nigerian consumer goods companies are struggling as CBN’s interest rate hike drive borrowing costs to record highs.
13 March 2025
Private Sector
Business
Tantalizers Reports Financial Losses Due To Growing Competitions
Tantalizers, one of Nigeria’s oldest quick-service restaurant chains, reports continued financial losses amid rising competition
6 March 2025
Business
MTN Nigeria Records N400.4 Billion Loss in 2024 Despite 35.9% Revenue Growth
MTN Nigeria posted a N400.4 billion loss in 2024, driven by naira devaluation and forex losses, despite 35.9% revenue growth to N3.3 trillion.
28 February 2025
Business
Nestlé Nigeria Invests N1.8 Billion to Boost Dairy Farming and Livestock Development
Nestlé Nigeria commits N1.8 billion to enhance dairy farming and livestock development, aiming for 30,000 liters of daily milk production by 2027.
7 February 2025
Business
MTN Nigeria Declares Q3 2024 Profit After String of Losses
MTN Nigeria bounces back with a Q3 profit of N4.13 billion, supported by resilient data and service revenue despite naira devaluation
31 October 2024
Business
Guinness Nigeria Records 111% Revenue Growth in Q1 2024, Despite Challenges from Inflation
Guinness Nigeria posts a 111% revenue growth in Q1 2024, driven by strong product demand and strategic consumer engagement
26 October 2024
Business
New bills seeks to tax betting and gaming services
Nigerian Government aims towards greater revenue generation by targeting gaming and betting services with taxes.
21 October 2024
Business
FEC To offer Tax Breaks To Companies With More Staffs
FEC approve tax breaks for companies employing large numbers of staff to address Nigeria’s unemployment crisis, along other economic reforms.
24 September 2024
Business
Uber Increase Fare Prices By 13%, Drivers Ask For More
Uber increases fares by 13% in Nigeria to offset rising fuel costs, sparking protests from drivers. Drivers demand lower commission rates to alleviate their financial burdens.
7 September 2024
Business
Julius Berger Earnings Rise By 72% In H1 2024
Julius Berger a major construction firm operating in Nigeria has seen its earnings rise by 72% as shown in its financial reports
22 August 2024
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