Companies

Companies

Nigerian Breweries Plc announces job cuts, plant closures after loss

Olawale Afolabi -
Nigerian Breweries Plc. (NB Plc.), the country's dominant brewer, has announced plans to cut...
Companies

Recapitalization: First Bank’s holding company to raise N300 billion

Plu Team -
Nigeria's FBN Holdings, parent company of the banking giant First Bank, is seeking shareholder...
Companies

TomTom maker Cadbury records big loss despite sales growth

Olawale Afolabi -
Nigeria's Cadbury Plc, known for its Bournvita and TomTom sweets, suffered a big loss...
Companies

Indorama: Nigeria fertilizer firm gets $75 million AFDB loan

Eric Ojo -
Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited (IEFCL) has secured an additional $75 loan...
Companies

Access Bank reports record profit and asset growth in 2023

Plu Team -
Access Bank Holding Company, Nigeria’s largest bank by asset, has released its annual report...
Companies

Shell paid Nigeria more than any other country in 2023

Plu Team -
British energy giant Shell said it paid a total of $67 billion to governments...
Companies

Honda, Nissan team up on electric vehicle challenge

Plu Team -
Japanese automakers Nissan and Honda announced a surprising partnership to explore ea joint venture...
Companies

Nigeria SEC blocks PZ Cussons takeover by UK parent company

Plu Team -
PZ Cussons says Nigeria's securities regulator, SEC, has blocked the move by its parent...
Companies

MTN Nigeria shares plunge to two-year low after record loss

Plu Team -
Shares of MTN Nigeria tumbled to their lowest level in over two years after...
Companies

Seplat Energy appoints Udo Udoma board chairman

Plu Team -
Nigerian energy firm, Seplat Energy, has appointed former budget minister Udo Udoma as board...
Companies

Heineken sells Uyo-based Champion Breweries to new owner

Plu Team -
Nigerian beer maker Champion Breweries is getting a new owner. The brewer said an...
Companies

Coca-Cola says AI-driven “innovation” contributed 30% of profit growth

Plu Team -
Coca-Cola's CEO James Quincey credits robust innovation across products, packaging, and processes for driving...
Companies

Nigerian sues Google for $150 million and it’s getting interesting

Olawale Afolabi -
A Nigerian entrepreneur has launched a blistering lawsuit against American tech companies Google and...
Companies

Access Holdings appoints CEO following Wigwe’s death

Plu Team -
Access Holdings Plc, parent company of Access Bank, announced the appointment of Bolaji Agbede...
Companies

Exxon Mobil leaves Equatorial Guinea after nearly 30 years

Plu Team -
Exxon Mobil is leaving Equatorial Guinea after nearly three decades, citing its strategy to...
Companies

Uber records first annual profit

Plu Team -
Uber, the ride-hailing and delivery giant, has finally reached a significant milestone: its first...
Companies

MultiChoice agrees to pay Nigerian govt N35.4 billion as tax settlement

Plu Team -
MultiChoice Group, Africa's largest pay TV company, announced on Thursday that its subsidiaries have...
Jobs

230+ EU companies active in Nigeria, creating 130,000 jobs: Study

Plu Team -
Over 230 European Union companies are currently operating in Nigeria, accounting for over 130,000...
Companies

PZ Cussons cuts dividend, warns on profits over naira’s fall

Jane Kalu -
PZ Cussons, the consumer goods company behind brands like Carex and Imperial Leather, issued...
Companies

Shell quits Nigeria onshore after 86 years

Oge Udegbunam -
Shell said on Tuesday that it has agreed to sell its Nigerian unit Shell...
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