Companies

Companies

Airtel says 1% naira devaluation will cost it $22 million in revenue

Plu Team -
Airtel Africa Plc says a sensitivity analysis has shown that a 1% devaluation of...
Companies

Uber, Bolt shelve strike to allow for talks with Nigerian govt

Plu Team -
Uber and Bolt said they have decided to postpone their planned strike in order...
Companies

Radisson Group announces three new hotels in Nigeria

Plu Team -
Radisson Hotel Group says it has signed three new hotels in Nigeria. The hotels, under...
Companies

ExxonMobil appoints new managing director for Nigeria

Jane Kalu -
ExxonMobil has named Shane Harris as chairman and managing director of its Nigeria unit. -...
Companies

Nigerian govt accuses ExxonMobil of “economic sabotage”

Plu Team -
Nigeria’s oil regulator has accused ExxonMobil of being involved in an illegal lifting of...
Companies

Uber, Bolt drivers moving ahead with strike despite NLC backoff

Jane Kalu -
Ride-hailing drivers in Nigeria say they will press on with their planned strike on...
Companies

Dano milk maker Arla Foods opens Kaduna farm with big target

Plu Team -
Danish-based Arla Foods, maker of Dano milk, has opened a dairy farm in Kaduna...
Economy

Buhari leaving without fixing refineries as Dangote Refinery opens

Plu Team -
President Muhammadu Buhari has commissioned the 650,000 barrels a day (b/d) Dangote Refinery in...
Companies

LinkedIn to lay off 716 employees

Jane Kalu -
Microsoft-owned LinkedIn has announced its plans to lay off 716 employees. The figure represents...
Consumer

Nigerians may pay more for drinks if Sudan crisis lingers

Plu Team -
The conflict in Sudan is threatening the supply gum arabic, a key ingredient used...
Markets & Investing

Elumelu, Otedola fight for control of Transcorp

Jane Kalu -
The billionaires have each raised their stakes in the company in the last two weeks, with each trying to outmanoeuvre the other.
Consumer

MultiChoice increases Nigeria DSTV rates by over 18%

Jane Kalu -
South African Pay TV provider, Multichoice, has announced new rates for its Nigerian subscribers. The...
Companies

Falcon Aero unveils platforms for business jet booking

Plu Team -
From its base in Nigeria, Falcon Aero plans to extend its operations to other African countries with West and East Africa being focus regions.
Companies

Exxon declares force majeure on oil liftings, a blow to Nigeria

Plu Team -
ExxonMobil says its units in Nigeria cannot load oil due to an industrial action by its staff, a development with implication for Nigeria's revenue.
Companies

Nigerian govt files immigration suit against Seplat Energy

Plu Team -
The federal government has filed charges against energy company Seplat Energy and some of...
Companies

Fanta changes logo with launch of first-ever global identity

Plu Team -
Fanta has become the latest soft drink brand to unveil a new look, following...
Consumer

Google tackles online loan sharks, a relief for Nigerian debtors

Jane Kalu -
Google has announced it will further tighten its policies for loan apps on its...
Companies

Nigeria’s ailing economy ends iconic brands Omo, Lux. And it’s big deal

Eric Ojo -
Nigerians will no longer have the iconic products Omo and Lux in the market....
Companies

Elon Musk replaces Twitter’s bird icon with Doge meme

Plu Team -
The price of cryptocurrency Dogecoin spiked more than 30% on Monday after Twitter CEO...
Companies

Capital Hotels, owners of Sheraton, leave Nigeria exchange after another loss

Plu Team -
Capital Hotels, owner of former Sheraton Hotel, says it is delisting from the Nigeria...
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