Companies

Companies

GSK, maker of Ampiclox and Panadol, closes business in Nigeria

Jane Kalu -
GlaxoSmithKline (GSK) Nigeria has announced its intention to cease operations, citing its consideration of...
Companies

Nigeria, Vietnam drag Heineken’s global beer volume down by 2.8%

Jane Kalu -
Heineken NV posted a 6.3% revenue growth in the first half of the year over...
Companies

Unilever Nigeria reports 17% fall in second-quarter profit

Plu Team -
Consumer goods maker Unilever Nigeria has reported a 17% decline in second quarter profit...
Banks

Otudeko’s Honeywell buys N91 billion shares to become First Bank’s top owner

Plu Team -
Honeywell Group, owned by Oba Otudeko, has stepped up its stake in FBHoldings Plc,...
Companies

Corporate Updates: Stanbic IBTC Ventures gets new chief executive, Cutix sees earnings growth

Plu Team -
A quick run through notable corporate announcements today. - Stanbic IBTC Holdings PLC appointments Stanbic IBTC...
Companies

Lafarge Africa appoints Chinedu Richard acting CFO, gets Nigeria approval for Roadcem

Plu Team -
Cement maker Lafarge has appointed Chinedu Richard its acting chief financial officer. Mr Richard is...
Companies

ABC Transport founder Frank Nneji retires, brother takes over

Plu Team -
Frank Nneji, founder and managing director of Associated Bus Company (ABC) Transport Plc, has...
Companies

Apple officially becomes world’s first $3 trillion company

Plu Team -
Iphone maker Apple has become the first publicly-traded company to close a trading day...
Companies

Unilever in global partnership with TikTok to drive #CleanTok craze

Plu Team -
Unilever and TikTok have unveiled a global partnership centred around the popular hashtag, #CleanTok,...
Companies

10% naira fall to cost PZ Cussons N22.4 billion in revenue

Plu Team -
PZ Cussons, maker of Carex soap and Imperial Leather, says it will lose millions...
Technology

Meta launches subscription service for VR gamers

Plu Team -
Meta Platforms has launched a virtual reality (VR) gaming subscription service. The new Meta Quest+...
Companies

Daewoo wins US$262 million fertilizer plant contract in Nigeria

Plu Team -
South Korea’s Daewoo Engineering & Construction Co. said Monday its Nigerian unit has won...
Companies

Exclusive: Bolt explains rejecting 200% Nigeria fare hike drivers demand

Jane Kalu -
Bolt has given reasons why it would not increase fares in Nigeria by as...
Companies

Nigerian porcelain maker Eunisell Interlinked appoints new chairman

Plu Team -
Eunisell Interlinked Plc formerly, Interlinked Technologies Plc, has appointed Chika Ikenga as its new...
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...
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