Companies

Markets & Investing

Scramble for Oando ‘payout’ as firm announces delisting

Plu Team -
Energy firm Oando Plc says it will cease to be a public company by...
Companies

Pepsi has a new logo — first in 14 years

Plu Team -
Pepsi has designed a new logo, its first since 2008, as part of its...
Companies

SLB, formerly Schlumberger, opens new regional office in Lagos

Plu Team -
The world's largest oilfield firm SLB, formerly called Schlumberger, has opened a new West...
Companies

Norway’s Dolphin Drilling picks $325,000-a-day Nigeria job

Plu Team -
Norway-based Dolphin Drilling, a company that drills for oil offshore, has signed a new...
Companies

Seplat ends consultancy with founder and ex-chairman Orjiako

Plu Team -
Energy firm Seplat says it has terminated a consultancy agreement with its co-founder, A.B.C...
Companies

Amazon to lay off 9,000 workers

Jane Kalu -
E-commerce giant Amazon says it will lay off 9,000 more staff by the end...
Small Business

Fintech firm Chipper Cash exploring sale after SVB fall

Plu Team -
Fintech startup Chipper Cash is said to be considering selling off the company after...
Companies

Payment giant Stripe raises $6.5bn, slashes valuation by half

Plu Team -
American payment processor firm Stripe has raised $6.5 billion in fresh funding and at same time lowered its valuation to $50 billion,...
Companies

Zuckerberg confirms Meta will lay off 10,000 employees

Plu Team -
Meta, the parent company of Facebook, has confirmed it is laying off another 10,000...
Companies

Naira scarcity forces Indian keke maker Bajaj to cut production

Plu Team -
Indian motorcycle and three-wheeler maker Bajaj Auto is cutting down on its projected export...
World

Another U.S. bank fails, govt moves to protect customers

Eric Ojo -
United States regulators have shut down a second bank after the collapse of the...
Small Business

Silicon Valley Bank, lender to world’s biggest startups, collapses

Eric Ojo -
U.S. regulators have shut down Silicon Valley Bank, the California-based lender to some of...
Small Business

Nigerian startup Alerzo lays off hundreds blaming economy

Plu Team -
Alerzo, a Nigerian e-commerce company that connects retailers and their suppliers, has laid off...
Companies

Naira shortage forces Heineken’s February sales to 15-year low

Plu Team -
Heineken NV, world’s second largest brewer, says it had its worst February in 15...
Technology

Meta plans new layoffs — that may affect Nigerian workers

Plu Team -
Meta, Mark Zuckerberg’s behemoth, and owners of Facebook, Instagram and WhatsApp, is planning a...
Price Intel

Elon Musk’s Tesla cuts prices of U.S. models to drive sales

Plu Team -
Tesla has announced a reduction in the prices of two of its electric cars,...
Companies

Corporate Wrap-Up: Seplat down, Dangote Sugar and Transcorp Hotel up

Plu Team -
Last week, companies listed in Nigeria reported a mix of fortune as they raced...
Small Business

Google announces $4m fund for startups in Africa, Europe

Plu Team -
Tech giant, Google, is calling for applications for the third tranche of its Black Founders Fund grant...
Technology

Mercedes-Benz and Cisco work to create mobile office in cars

Jane Kalu -
Cisco says it is working with Mercedes Benz to add its Webex conferencing tools...
Companies

Dangote Cement posts N382 billion profit, proposes dividend

Plu Team -
Dangote Cement has reported a 5% surge in its full-year profit in 2022 after...
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